South America Agricultural robots and mechatronics market is estimated to register a CAGR of 13.1% during the forecast period (2020 - 2025). A decline in the number of farm labor, a growing population, and the need for high crop productivity are the main driving forces of the market. Even though the market is in its early stages, the research is progressing rapidly and over the coming years, a wide variety of solutions may come into existence boosting the overall growth of the market.
Key Market Trends
Growth of Precision farming Drives the Market
Precision farming includes the usage of the latest technology such as IoT, software, robots, etc. Precision farming is becoming increasingly popular in South American agriculture, acting as a prime driver of the agricultural robots and mechatronics market in the country. Brazil and Argentina are the leading countries in terms of precision farming adoption. In brazil, Precision farming is used mainly in agricultural operations such as Fertilization, harvesting, spraying, and irrigation,
Labor Shortage Drives the Market
Labor availability is one of the major problems faced by the agriculture sector in many South American countries leading to the adoption of the latest farm mechanization tools. Large landholding farmers in countries like Brazil and Argentina started using Robotic agricultural tools for their agricultural operations. Unmanned aerial vehicles are increasingly being used to spray pesticides and biological control agents on Brazilian farms. Usage of UAVs increases the efficiency of work by using zero labor and completing the task in a short time.
South America Agricultural Robots and Mechatronics Market are slightly fragmented with the major players holding a small share. AGCO, Autonomous Solutions (ASI), Autonomous Tractor Corporation, CLAAS are some of the leading players in the region. New product launches, mergers & acquisitions, and partnerships are the major strategies adopted by these leading companies in the market.
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