The market witnessed stable growth even in the previous forecast period of 2018 to 2021. The growing population and increasing labour shortage encouraging automation; maturing IoT and navigation technologies that are driving down the cost of automation are the factors that are driving the growth of the market during the forecast period.

Various factors including changing demographics and urbanization are now impacting the agricultural industry and thus agriculture industry is under pressure from the increasing global population and the need for higher productivity from the existing farm area. This factor is also estimated to boost the growth of the market with the increase in demand and the decrease in manpower.

Also, the younger generation often moves to urban cities for better career prospects and thus is less likely to pursue farming. This has led to existing farmers working for an extended number of years in the field. The introduction of precision agricultural application robots in their work is likely to grow the market during the forecast period.

But, in countries such as India, China, and Brazil, there is a lack of skill and technical awareness among farmers. This lack of technological advancement is likely to hinder the growth of the market during the forecast period.

The rapid adoption of advanced technologies in precision farming to reduce labour costs, the increased use of Internet of Things (IoT) devices in agricultural fields, the substantial cost savings associated with precision farming, climate change and the need to meet rising food demand, and the increased promotion of precision farming techniques by governments globally are the most important factors influencing the growth of the precision farming market. Market trends in precision agriculture

Key Market Trends

Collaborative and cooperative behaviour between different robots becomes advantageous for large-scale agriculture and dairy operations as tasks can be performed in parallel, providing better economies of scale. This factor is likely to boost the growth of the market during the forecast period.

The players in the agricultural robots market are expected to adopt advanced systems extensively during the forecast period owing to the ability of multimodal robot systems to operate swarms of robots in farms to perform various agricultural applications, such as spraying and weeding simultaneously.

Get Free Sample Report: https://wemarketresearch.com/reports/precision-agricultural-application-robot-market/388/ 

Segmental Analysis of the Market

By Type

• Milking Robots
• UAVs/Drones
• Automated Harvesting Systems
• Driverless Tractors
• Others

It is estimated for the drone category to boost the growth of the market during the forecast period.

By Farm Produce

• Fruits Vegetables
• Field Crops
• Dairy Livestock
• Others

It is estimated for the field crops category to boost the growth of the market during the forecast period.

By Farming Environment

• Indoor
• Outdoor

It is estimated for the outdoor category to boost the growth of the market during the forecast period.

North America to lead the growth of the market during the forecast period

Owing to the increasing labor shortage and high labor costs in the region has led to the adoption of robots and automation to ensure better productivity maintain quality standards it is estimated for North America to drive highest growth for the market during the forecast period. Apart from this, North America is also one of the largest markets for auto-steering tractors, making it a lucrative market for driverless tractors.

Competitive Landscape

Some of the prominent companies operating in the market are

• Deere Company (US)
• DJI (China)
• CNH Industrial NV (The Netherlands)
• AGCO Corporation (US)
• DeLaval (Sweden)
• Trimble (US)
• BouMatic Robotics (Netherlands)
• Lely (Netherlands)
• AgJunction (US)
• AgEagle Aerial Systems (US)

Get More Information About This Report: https://wemarketresearch.com/reports/precision-agricultural-application-robot-market/388/ 

As the majority of equipment manufacturers use their in-house interface protocols for communications, the lack of standardization in technology also complicates the integration of systems. The factor is likely to hinder the growth of the market during the forecast period.

About We Market Research:

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

Contact Us:
We Market Research
Phone: +1(650)-666-4592
Email: [email protected] 
Web: https://wemarketresearch.com/