Agricultural Robots Market Growth, Size, Share, Industry Report and Forecast to 2025
The "Agricultural Robots Market" report is expected to grow from $4.6 billion in 2020 to $20.3 billion in 2025. It is expected to grow at a CAGR of 34% over the forecast period. Due to COVID-19, the agricultural robot market is expected to decline by about 8% in 2019-2020. A decline in the skilled workforce (as indicated by an increase in the average age of farmers) and an increase in the economics of IoT and GPS technologies are driving the market growth. The decline of young farmers entering the agricultural sector and the rise of farmers' minimum wages are also driving the growth of the agricultural robot market. With the advent of low-cost IoT devices, enterprises can provide a variety of agricultural software and analytics services to their customers. The use of multi-mode systems for coordination between various hardware such as unmanned aerial vehicles (UAVs), autonomous tractors, and other automated farm equipment through centralized management software serves a...