04-Aug-2023
The increasing government support and technological advancements in Asia Pacific are driving up demand for the agriculture robots market during the forecast period.
China Agriculture Robots Market is valued at USD 0.75 billion in 2022 and is expected to reach USD 2.93 billion by 2030, with a CAGR of 17.5% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The agriculture sector in China has seen an increase in the use of technology, including robotics, artificial intelligence, and the Internet of Things, to automate manual tasks and improve the efficiency of the sector. For instance, in September 2022, China's first artificial intelligence agricultural robot has officially started round-the-clock inspections in the smart vegetable and fruit greenhouse of the China-Israel Demonstration Farm in the Haixia Modern Agriculture Demonstration Park.
However, the substantial upfront expenses related to acquiring and adopting agriculture robots can present a notable obstacle. The initial investment needed to procure robotic equipment, incorporate it into existing farming practices, and train personnel can be financially challenging for numerous farmers, particularly those operating on a smaller scale or with limited resources.
On the contrary, the agricultural industry in China is well-positioned to leverage significant technological advancements such as artificial intelligence (AI), machine learning, and robotics. As technology continues to advance, agricultural robots in China have the potential to become increasingly sophisticated, intelligent, and proficient in executing a broader spectrum of tasks with enhanced accuracy and efficiency. These advancements in agricultural robotics are expected to create ample opportunity for the market within the country.
According to the report, leading players in the China agriculture robots market include Yitu Tech, XAG, FJ Dynamics, Blue River Technology, Yitu Tech, Beijing Jingneng Technology, Guangzhou Lingyun Technology, Shanghai Smarter Vision, Wuhan PKU Pioneer Technology, and Nanjing Wolong Technology.
The information related to key drivers, restraints, and opportunities and their impact on the China agriculture robots market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the China agriculture robots market is provided in the report along with their competitive analysis.
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