Research Projects a $16.3 Billion Agricultural Robot Market by 2020
LEXINGTON, MA - Robots are becoming more and more prevalent in the agriculture industry, but a recent study states that what are currently concepts and prototypes will soon be a market worth billions.
Already having grown leaps and bounds from the $817 million market this cutting-edge industry was back in 2013, WinterGreen Research is reporting anticipations of that market climbing up to $16.3 billion by 2020.
“Agricultural robotic projects are ongoing. The key to industrial farm robots is keeping costs down,” Susan Eustis, Principal Author of the market research study, Shares, Strategy, and Forecasts, Worldwide, 2014 to 2020, said, according to Whatech. “Adapting existing commercial vehicles instead of building new ones is the best way to build viable agricultural robots.”
From weed control to harvest, the robotic industry is looking to cut costs by boosting yield and quality, spanning a number of categories in the produce industry.
As we have reported recently, different commodities including greens, strawberries, and mushrooms are looking into how they can use automation to improve their practices.
It is the fact that ag robotics are already being used in more sectors than anticipated, with a climbing trend in motion that will continue to push the industry forward into a global market worth billions, Whatech reports.
The introduction to the 430 page study can be found by clicking here.
Keep following AndNowUKnow as we continue to report on all the trends growing outward and upward in the produce industry.