Agricultural Robots Market by Type (Driverless Tractors, Unmanned Aerial Vehicles (UAVs), Milking Robots, Automated Harvest Robots, Material Management, and Others), and by Application (Dairy Management, Irrigation Management, Harvest Management, Soil Management, Inventory Management, and Others - Global Opportunity Analysis and Industry Forecast, 2017-2023

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The agricultural industry is adopting precision agricultural methods by deploying agricultural robots to achieve higher yields. The global agricultural robots market is subjected to witness significant growth owing to rapid increase in population and their demand for food, unexpected climate variations, rise in adoption of indoor farming, and significant transition to automation technologies.

North America accounted for a dominant market share of 37.04% in the global agricultural robots market in 2016, owing to its significant adoption of automated technologies to speed up agricultural produce. However, Asia-Pacific is expected to witness the highest growth rate of 24.5% in global agricultural robots market the during the forecast period, owing to the surge in population leading to high food demand, and gradual adoption of automated technologies by industries. Moreover, increase in rate of migration from rural areas and urbanization are expected to boost the global agricultural robots market growth.

Among the various types of agricultural robots accessories, milking robots held a major share of 28.1% in 2016 and are expected to dominate in the future. Driverless tractors are gaining increasing application in the agricultural industry due to their ability of planting and seeding for row and extended acre farming.

The dairy management application of global agricultural robots market accounted for the highest market share of 29.13% in 2016, and is expected to continue to lead the global market during the forecast period. It is expected to witness the highest CAGR of 22.1%, followed by soil management.