Global Agricultural Robots Market Outlook, 2020-2025 - Maturing
Global Agricultural Robots Market Outlook, 2020-2025 - Maturing IoT & Navigation Technologies are Driving Down Cost of Automation
Dublin, Jan. 15, 2020 (GLOBE NEWSWIRE) -- The "Agricultural Robots Market by Offering, Type (UAVs, Milking Robots, Driverless Tractors, Automated Harvesting Systems), Farming Environment, Farm Produce, Application (Harvest Management, Field Farming), Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global agricultural robots market is estimated to reach USD 20.6 billion by 2025 from USD 5 billion in 2019; growing at a CAGR of 22.8% from 2020 to 2025. In terms of volume, the shipment is expected to reach 561,849 units by 2025 from 127,298 units in 2019; growing at a CAGR of 23.3% during the forecast period.
A shortage of new farmers, as indicated by the rising average age of farmers is driving the further use of automated agricultural equipment as well as the development of new agricultural robots. Development is taking place in all aspects of agriculture, such as imaging, navigation, planting, weeding, and harvesting.
Large farms are also collaborating with companies developing agricultural technology to drive down costs and to maintain their cost advantage in the market. Increasing the requirement for food globally will also require increasing productivity, which can only be achieved...