The Europe Agricultural Robotics and Mechatronics market is estimated to grow at a CAGR of 14.9% during the forecast period. Agricultural robots and mechatronics are machines used in agriculture to substitute human labor and perform tasks (from plowing to harvesting) better than humans. This machinery is designed to operate in all weather conditions, restricted environments and in crops as well as animal farms.
Key Market Trends
Adoption of UAV in Agriculture
Due to their ease-of-use and low-cost, Unmanned Aerial Vehicles (UAVs) or drones can be used for producing time series animations, showing the precise development of a crop. The new generation of agriculture drones are technologically-advanced, which can support in pest control, monitoring soil and crop conditions, mapping, and estimating acreage and crop types. These drones also support in surveying of areas, where there is limited possibility of human to assess. This technology will help farmers in planning of input use, like crop protection chemicals, with the use of common detection methods and to reduce their monitoring costs. Factors, like effective assessment of farms using drones can help in overall profitability of the farmers, which is expected to drive the unmanned aerial vehicles, during the forecast period.
Spain Dominates the Market
The spanish agricultural robotics and mechatronics market is estimated to grow at a CAGR of 35.8% during the forecast period. The share of Spain in the european agricultural robots and mechatronics market was 30.20% in 2019 and takes place as the largest share holder in European region. Most of the farmers in spain are Large land holders. This is attributed to the increasing environmental and technological concerns that suits the government policies and initiatives. Spain emphasizes both on animal farming and agriculture. Hence most of the products in agriculture robots and mechatronics market can be driven in spain. However, the lack of automated and unmanned aerial vehicles, along with intensive labor requirement and shortage, necessitates spin to opt for automation.
The European Agricultural Robots and Mechatronics Market is moderately consolidated, with the top nine companies accounting for about more than 43% share of the market, while the rest of the companies account for the remaining share. The government of europe is encouraging the use of agricultural drones in order to enhance the level of productivity, by providing subsidies and creating awareness about the benefits of the agricultural robots and mechatronics.The major factor for the growth of the market are the high awareness and willigness to adopt new technologies and low productivity.
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