Agricultural Tractor Robots Market Growth Driving Factors, In-depth Research Report, 2024
The factors that are playing a major role in the growth of market are declining availability of farm workers, changing farmlands, and rising use of technologically enhanced machinery.
(firmenpresse) - Global Agricultural Tractor Robots Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Robot tractor is a primary technology to solve the problem of descending number and aging of farmers. The positioning system for a robot tractor has been manufactured using a machine vision in a field by sensing a directrix from crop rows.
The factors that are playing a major role in the growth of market are declining availability of farm workers, changing farmlands, and rising use of technologically enhanced machinery. However, the high cost of machinery, technical issues, and lack of farmers trust are the factors that may restrain overall market growth in the years to come. Agricultural tractor robots market is segmented based on type, technology, components, application, and region.
Fully autonomous tractors, semi-automated tractors, and controller area network bus (CAN-bus) based robot tractor are the types of agricultural tractor robots that could be explored in agricultural tractor robots in the forecast period. Fully autonomous tractors sector is estimated to grow at the fastest pace in the years to come. However, semi-automated tractors sector accounted for the significant market share of agricultural tractor robots and is estimated to lead the overall market in the years to come.
Supervised autonomy, auto steer, and tractor guidance are the technologies used that could be explored in agricultural tractor robots in the forecast period. Based on components, IoT connectivity (LiDAR), cameras and machine vision systems, GPS, and others could classify agricultural tractor robots in the forecast period. The market may be categorized based on applications like organic farming, fresh fruit harvesting, seeding, soil management, irrigation management, and others that could be explored in agricultural tractor robots in the forecast period.
Globally, North America accounted for the substantial market share of agricultural tractor robots and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be rising use of enhanced agricultural solutions and high demand from framers. The United States is a major consumer of agricultural tractor robots in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of agricultural tractor robots in this region.
The key players of the agricultural tractor robots market are Mahindra Tractors, Adigo Field Flux Robot, Kubota Tractor, AGCO, Iseki & Co, Autonomous Tractor Corp. (ATC), John Deere, Chinese Agricultural Robots, CNH Global (Case IH), and Clearpath Robotics Grizzly RUV. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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agricultural-tractor-robots-market
machinery-and-machine-parts
machinery-and-machine-parts-market
machinery-and-machine-parts-industry
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agricultural-tractor-robots-industry
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Datum: 24.03.2020 - 09:12 Uhr
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