Agricultural Robot Shipments to Reach Nearly 1 Million Units Annually by 2024, According to Tractica

July 14, 2015 | By Business Wire News

BOULDER, Colo.

Around the world in recent years, there has been an increase in the agriculture industry’s level of interest in the development and deployment of driverless tractors, aerial surveying of farmlands, data collection, field management, and cow milking systems. Moreover, the demand for robots involved in various agricultural processes like harvesting, pruning, weeding, pick-and-place, sorting, seeding, spraying, and materials handling has increased significantly.

According to a new report from Tractica, annual shipments of agricultural robots will reach 992,000 worldwide by 2024, up from just 33,000 in 2015. The market intelligence firm forecasts that some of the largest application segments will include unmanned aerial vehicles (UAVs) for agricultural purposes, soil management robots, materials management robots, driverless tractors, and dairy management robots.

“Demand for agricultural robots is being driven by a number of global trends,” says research analyst Manoj Sahi. “Key economic and demographic factors influencing market development include population growth, increasing strain on the food supply, availability of farm workers, the challenges and complexities of farm labor, the cost of farm workers, shrinking farmlands, climate change, the growth of indoor farming, and the automation of the agriculture industry.”

Tractica’s report, “Agricultural Robots”, examines global market trends for agricultural robots and provides 10-year market sizing and forecasts for agricultural robot shipments and revenue during the 2015 to 2024 timeframe. The report focuses on market drivers and market challenges, as well as assessing the key technology issues that will influence market development. In total, 42 key and emerging industry players are profiled. Market forecasts are segmented by world region and application type. An Executive Summary of the report is available for free download on the firm’s website.

About Tractica

Tractica is a market intelligence firm that focuses on human interaction with technology. Tractica’s global market research and consulting services combine qualitative and quantitative research methodologies to provide a comprehensive view of the emerging market opportunities surrounding User Interface Technologies, Biometrics, Digital Health, Wearable Devices, and Automation & Robotics. For more information, visit www.tractica.com or call +1.303.248.3000.