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Agricultural Robots Market is Expected to Reach $12.80 Billion by 2022, with Deere & Company, AgJunction, AGCO Corporation, DJI, Lely Holding & Agribotix LLC Dominating - Research and Markets

DUBLIN--(BUSINESS WIRE)--

Research and Markets has announced the addition of the "Agricultural Robots Market by Type, Offering, Application, and Geography - Global Forecast to 2022" report to their offering.

The agricultural robots market, in terms of value, is expected to grow from USD 2.75 Billion in 2016 to USD 12.80 Billion by 2022, at a CAGR of 20.71% between 2017 and 2022. The major drivers for the agricultural robots market include the adoption of new technologies to increase farm efficiency and reduce production cost, increasing global demand for food owing to increasing population, increasing need for monitoring crop health for yield production, and the government's support for adoption of modern agricultural techniques.

This report covers the agricultural robots market based on offering, type, application, and geography. The harvesting management application is expected to hold the largest share of the agricultural robots market between 2017 and 2022.

Harvesting management is the most widely used application in agricultural robots as it plays a vital role in understanding the field variability and helps farmers in maximizing their yields. Increasing labor cost is motivating farm owners to adopt automated harvesting system. Automated harvesting management held the largest market share among all applications due to the high adoption rate among farmers and growers.

The major challenges for the companies in the agricultural robots market are management of data for productive decision and lack of standardization.

Companies Mentioned:

  • AG Eagle LLC
  • AG Leader Technology
  • Agco Corporation
  • Agjunction, Inc.
  • Agribotix LLC
  • Autocopter Corp
  • Boumatic Robotics, B.V.
  • Deere & Company
  • DJI
  • Lely Holding S.À.R.L
  • Topcon Positioning Systems, Inc.
  • Trimble Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Agricultural Robots Market, By Offering

8 Agricultural Robots Market, By Type

9 Agricultural Robots Market, By Application

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/v8x6m2/agricultural

View source version on businesswire.com: http://www.businesswire.com/news/home/20170321005777/en/