Far from factories, warehouses, and households is another venue where automation is growing faster than many people realize — the farm. Global agriculture is in the midst of a rapid transformation, and the full impact of robotics, autonomous vehicles, and artificial intelligence has yet to be realized. This presents an opportunity for those supplying and using agriculture robots.
As discussed this past spring at RoboBusiness Europe in the Hague, the Netherlands, the numbers are very impressive. In 2016, the market for agriculture robots was just over a $1 billion. By 2024, the revenue opportunity will grow to $74.1 billion, according to Tractica research. Automation is part of the solution to feeding more than 7.5 billion people.
While the revenue potential is huge for companies selling robotic equipment or services, what does it mean to farmers? What is the future of farming with robotics and AI for which you need to prepare?
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