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Monday, 26 February 2024
Thursday, 04 Feb 2021 11:00 am

GCC Agricultural Robots Market is expected to reach US$ 775.97 Million by 2027 with CAGR of 7.8%

The GCC Agricultural Robots market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

By SMN Bureau
The US $ 167.4 million in the new GCC market was implemented in 2019 and is projected to reach $ 389.1 million by 2027; It is expected to grow with a CAGR of 11.3% from 2020 to 2027. However, the growth rate is forecast by 2020 due to the impact of COVID-19 on the industry.
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The GCC Agricultural Robots market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

The US $ 167.4 million in the new GCC market was implemented in 2019 and is projected to reach $ 389.1 million by 2027; It is expected to grow with a CAGR of 11.3% from 2020 to 2027. However, the growth rate is forecast by 2020 due to the impact of COVID-19 on the industry.

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The GCC countries, including Saudi Arabia, Kuwait, Oman, Qatar, the United Arab Emirates (UAE), and Bahrain, introduced a range of precautionary steps to deter COVID-19 infection and contain the spread of the same, effective from during March 2020. Technological advancements are expected to boost the demand for agricultural robots in the GCC countries.

These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand for Agricultural Robots assays in the market.

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The report segments the GCC agricultural robots market as follows:

By Component

  • Hardware
  • Software and Services

By Product

  • Unmanned Aerial Vehicles
  • Driverless Tractors
  • Milking Robots
  • Automated Harvesting Systems
  • Other

By Application

  • Field Farming
  • Precision Agriculture
  • Dairy management
  • Soil Management
  • Crop Management
  • Other

By Country

  • Saudi Arabia
  • UAE
  • Qatar
  • Rest of GCC

 

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Based in New York, Business Market Insights is a one-stop destination for in-depth market research reports from various industries including Technology, Media & Telecommunications, Semiconductor & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Healthcare IT, Manufacturing & Construction, Medical Device, and Chemicals & Materials. The clients include corporate and academic professionals, consulting, research firms, PEVC firms, and professional services firms.

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