Latin America Agricultural Robots Market 2022-2028
MARKET OUTLOOK
According to a report by Triton Market Research, Latin America’s agricultural robots market is expected to depict growth at a CAGR of 19.35% over the forecast years from 2022 to 2028. Brazil, Mexico, and Rest of Latin America are countries studied in this region.
In Brazil, major crops grown are coffee, sugar, soybeans, manioc, rice, maize, cotton, edible beans, and wheat. The country is significantly increasing its production with the help of research and development, thereby showing growth in the agricultural sector. The farmers use techniques like crop rotation, double cropping, cutting-edge machinery, precision agriculture, crop production, and fertilizers to increase output, efficiency, and higher yields. As a result, companies like Taranis offer an analytical solution for crop protection, including imagery solutions, analysis, and insights to analyze crop threats and crop field comparisons.
In Rest of Latin America, wheat is the largest crop in terms of harvested land in Argentina and La Pampa provinces. Whereas the north region is predominated by wheat and maize. The countries here are expected to boost the agricultural industry in the forthcoming years. As a result, the sector’s growth is expected to heighten the demand for agricultural robots. Besides this, the labor shortage, the need for error free farming, and cost efficiency are expected to support the studied market’s growth.
COMPETITIVE OUTLOOK
The key players in the agricultural robots market include AGCO Corporation, Autonomous Solutions Inc, Deere & Company, BouMatic Robotics BV, Naïo Technologies, Agrobot, Harvest Automation, EcoRobotix, and Robotics Plus Ltd.
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