LONDON--(BUSINESS WIRE)--Jul 13, 2018--The is expected to post a CAGR of over 98% during the forecast period, according to the latest market research report by Technavio. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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Technavio has published a new market research report on the global robotic fruit picker market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the shortage of farm labor. Fruit growers will increasingly invest in robotic fruit pickers to cope with the shortage in the number of workers needed to pick fruit such as strawberries, blueberries, and avocados, tomatoes, cucumbers, and mandarin oranges. Manual fruit picking is expected to become a challenging task in the future considering that the labor employed in fruit picking tasks is generally seasonal and temporary.
This market research report on the global robotic fruit picker market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the technological advances as one of the key emerging trends in the global robotic fruit picker market:
Global robotic fruit picker market: Technological advances
Technological advances allow the key players in the market to improve the products manufactured by them and expand their offerings to gain a competitive advantage. Some of these major advances relate to the field of sensors, which have led to a reduction in their cost. Sensors are undergoing enhancements to improve the adaptive and intelligent capabilities of robotic fruit pickers. Therefore, these robotic fruit pickers can perform predetermined functions and gather environment data regarding parameters such as temperature, depth, and salinity of the soil.
“Robotic fruit pickers are expected to gain autonomous behavior capabilities owing to more technological advances and intelligent capabilities. Enhancing the computing and communication capabilities of these robots to facilitate data processing is the major focus by players in the market,” says a senior market research analyst at Technavio.
Global robotic fruit picker market: Segmentation analysis
This market research report segments the global robotic fruit picker market by end-user (orchards and greenhouses and nurseries) and geographical regions (APAC, EMEA, and the Americas).
The orchards segment held the largest market share in 2017, accounting for nearly 53% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
EMEA dominated the market in 2017 with a market share of 100% of the market share. The market share occupied by this region is anticipated to decrease by nearly 50% during 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
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PUB: 07/13/2018 05:20 PM/DISC: 07/13/2018 05:20 PM