Dublin, Jan. 12, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Agricultural Robots Market, Analysis & Forecast, 2016-2022 (Focus on Major Applications & System Components)" report to their offering. The market is expected to progress at a CAGR of 16.4% from 2015 to 2022 due to the global population and food sufficiency concerns. Increasing global population and food demand, decline in agricultural workforce, demand for automated applications, and increasing adoption of precision agriculture are some of the factors responsible for the growth of this market. However, the market consists of certain challenges which are inhibiting the overall growth for the market, such as huge capital investment, lack of proven solutions, and lack of awareness among end-users. The concept of agricultural robots market revolves around the types of application and functions of these agricultural robots. Harvesting & navigation, planting, thinning & weeding, livestock management, and others including data collection, inspection and management are prevalent applications and function types in the market. Harvesting and navigation applications of agricultural robots is leading the market, however the livestock management application is estimated to grow at the highest CAGR, due to the proficiency of livestock management robots to both manage and record data related to the livestock at the same time, ensuring sufficient attention to each animal.
The competitive landscape for the agricultural robots market demonstrates an inclination towards companies adopting strategies such as partnerships & collaborations, and business expansion, among others. FANUC Corporation, Kuka AG, Lely, Yaskawa International, and ABB robotics were the most prominent names that surfaced in 2015. These companies did a range of mergers & acquisitions and entered into various partnerships & collaborations. Key Topics Covered: Executive Summary 1 Research Scope & Methodology 2 Industry Analysis 3 Market Dynamics 3.1 Market Drivers 3.1.1 Global Population Growth and Food Demand 3.1.2 Decline in Agricultural Workforce 3.1.3 Demand for Automated Applications 3.1.4 Growth in Precision Agriculture Market 3.2 Market Restraints 3.2.1 Huge Capital Investment 3.2.2 Lack of Proven Solutions 3.2.3 Lack of Awareness among End Users 3.2.4 Elongated Equipment Life 3.3 Market Opportunities 3.3.1 Growing Demand from Developing Countries 3.3.2 Human-Robot Collaboration 4 Competitive Landscape 4.1 Key Market Developments & Strategies 4.2 Industry Attractiveness 5 Agricultural Robots Market by Application and Function Type 5.1 Harvesting & Navigation 5.2 Planting 5.3 Thinning and Weeding 5.4 Livestock Management 5.5 Others (Inspection, Data Collection and Manipulation) 6 Agricultural Robots Market by System 6.1 Hardware 6.2 Software & Services 7 Agricultural Robots Market by Geography 8 Company Profiles - 3D Robotics, Inc. - ABB Robotics, Inc. - AGCO Corporation - Blue River Technology - BouMatic Robotics - DeLaval - Fanuc Group - Gecko Systems International Corporation - Harvest Automation, Inc. - Jaybridge Robotics - John Deere & Company - Kuka AG - Lely International N.V. - Yamaha Robotics - Yaskawa Electric Corporation For more information about this report visit http://www.researchandmarkets.com/research/l9xj6g/global
CONTACT: Research and Markets Laura Wood, Senior Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Related Topics: Agriculture, Robotics, Agricultural Machinery and Equipment