DUBLIN--(BUSINESS WIRE)--The "Global Agricultural Robots and Mechatronics Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The major driving factor behind the market is the necessity to increase yields and reduce costs at the same time. They vastly reduce human intervention, are much more efficient, help avoidance of harmful effects of chemicals used in agriculture on humans, especially in indoor farming, and can work in all weather conditions.
The major hurdle in the market is the affordability. Robots and mechatronics are a huge investment for farmers. Various farms require various farming methods, and the same robot cannot be used for all types of farms. Even though robots and mechatronics are fast evolving, there is still a large amount of development needed in agricultural applications.
The market is segmented into autonomous tractors, UAVs, agrochemical applicators, robotic milking devices, and others depending on the type of usage. Usage area segmentation is done by animal farming, crop production, forest control, etc. Market studies show that crop production is the largest segment in terms of revenue. It is also growing at a faster rate in comparison to others. Robotic milking devices are widespread in developed countries and can be termed as a successful adoption of mechatronic robots in farming.
North America is the largest market with many established companies, followed by Europe and Asia-Pacific. The growing population and decreasing farmlands make Asia-Pacific a region with immense opportunities. However, technology adoption is low due to abundant cheap labor in these countries.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Key Findings of the Study
5. Market Overview and Technology Trends
6. Market Dynamics
7. Global Agricultural Robots and Mechatronics Market Segmentation, by Type
8. Global Market Segmentation, by Application
9. Global Agricultural Robots and Mechatronics Market, by Geography
10. Competitive Landscape
11. Company Profiles
- Autonomous Solutions (ASI)
- Autonomous Tractor Corporation
- CNH Industrial
- GEA Group
- Harvest Automation
- John Deere
- Shibuya Seiki
- Trimble Navigation
- Yamaha Motor Company
12. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/kz3gxm/global?w=4