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Fruit Picking Robots Market Growth Accelerated by Increased Adoption of Automation

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Sumedha
Fruit Picking Robots Market Growth Accelerated by Increased Adoption of Automation

Fruit picking robots are autonomous robots used for picking fruits on farms with precision and care. They use computer vision and artificial intelligence to identify ripe fruits and pick them without damaging the fruits or plants. Adoption of fruit picking robots helps improve farm productivity by allowing 24-hour operations, minimizing costs associated with hiring seasonal labor, and increasing pickup speed and accuracy. The global fruit picking robots market is estimated to be valued at US$ 728.07 Mn in 2023 and is expected to exhibit a CAGR of 40% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Opportunity:


One of the key opportunities for the growth of the fruit picking robots market is improving agricultural productivity. Labor shortages in agriculture continue to rise globally due to increasing urbanization. Many farmers are facing difficulties in finding sufficient manual labor for fruit harvesting. Adopting fruit picking robots can help address this issue and maintain a continuous harvesting operation. Robots can work for 24 hours a day without tiring. They work accurately and precisely by identifying ripe fruits using computer vision and artificial intelligence. This helps increase per acre yield for farmers. Robots also minimize wastage by being able to selectively pick ripe fruits without damaging other fruits or plants. Their adoption can thus significantly boost farm productivity and help meet the rising global demand for fruits. This increasing need to improve agricultural productivity through automation is expected to drive high demand for fruit picking robots over the forecast period.


Porter’s Analysis

Threat of new entrants: Low-High capital requirement and technology expertise involved acts as a barrier for new companies to enter. However, growing demand and market opportunities attract new startups.

Bargaining power of buyers: Moderate - Large farms and growers have higher negotiation power compared to smaller ones due to volume.

Bargaining power of suppliers: Moderate - Major technology companies dominating the market have some control over pricing. However, growing competition balances it.

Threat of new substitutes: Moderate - Emerging technologies like computer vision, IoT and robotics provide alternatives.

Competitive rivalry: Intense - Major players competing on technology, features and pricing.


SWOT Analysis

Strengths: Advance robotics and automation capabilities. Reduces labor costs and improves productivity and yield.

Weaknesses: High initial investment requirement. Dependency on skilled workforce for maintenance and operation.

Opportunities: Growth in globally harvested area of fruits and need to reduce dependence on manual labor. Adoption in developing regions.

Threats: Climatic changes affecting crop cycles. Regulations around robotics and job losses.


Key Takeaways

The Global Fruit Picking Robots Market Share is expected to witness high growth during the forecast period of 2023-2030.

Regional analysis: The Asia Pacific region accounted for over 35% of the global market share in 2023 led by countries like China and India. China is the largest producer and exporter of fruits globally. Whereas India is among the top three producers of mangoes and bananas. The adoption of automated tools for farming is increasing in these countries.

Europe is also an important regional market with countries like Italy, Spain, and Greece focusing on fruit cultivation. The growing labor costs and need to improve productivity are driving the demand.


Key players: Key players operating in the fruit picking robots market are abbott Laboratories (US), Medtronic PLCv (Ireland), DexCom, Inc. (US), iRhythm Technologies, Inc. (US), and Texas Instruments Inc. (US). Abbott Laboratories offers robots for picking various fruits like apples, cherries using computer vision and automation technologies. While Medtronic focuses on strawberry and blueberry harvesting robots.


Get More Insights Here

https://www.trendingwebwire.com/fruit-picking-robots-market-size-share-growth-outlook-2023/

https://masstamilan.in/pulse-precision-navigating-the-future-through-the-intricacies-of-distributed-fiber/

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