yield. Industrialization growth of the agriculture sector in countries such as India, China is likely to spur the growth of driverless tractors.
On the basis of application, market has been segmented as dairy management, field farming, soil management, and crop management. The growth of field robot deployment for fertilizing and weeding has anticipated to spur the global market for soil management segment. However, increasing awareness of farmers for software solutions available for field surveys and data analytics are few reasons to increase market for crop management application.
Key Players:
Global key players include AGCO Corporation, BouMatic Robotics B. V., Autonomous Solutions Inc. and Agribotix LLC. Vertical integration and licensing of technologies are the common strategies adopted by the industry to enhance their market presence. Other vendors in the market include Fullwood AB Electrolux, SAC, Blue River, Harvest Automation, GEA Farm Technologies, GeckoSystems, and Agrobot. In April 2017, AGCO Corporation launched MARS— Mobile Agricultural Robot Swarms, which are equipped with its own integrated planting units working in efficient and effective way to reduce manpower.
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On the regional basis, North America is expected to contribute majorly owing to the highly adaptive consumers for new technology. The approvals from Federal Aviation Administration in the region have encouraged the application of products such as drones with improved imaging capabilities for better crop yield. The European nations have restructured the regulations for drone operations, which anticipates the growth in the region over the forecast period. The industrialization of the agriculture sector and increasing venture capitals are expected to create positive impact on the segment demand.
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