The global agri market is expected to grow significantly by 2020 due to the need to feed a growing world population with limited agricultural labor. Europe currently has the largest share of the global market, but future growth is expected in the US. Key driving factors fueling growth include improving farming practices and productivity through efficiency and effectiveness gains, as well as new technologies like drones and robots that can help monitor crops and weather conditions and be accessible to average farmers. The robotics market in agriculture is anticipated to grow from $817 million in 2013 to $16.3 billion by 2020, while the drone market is expected to increase from $135 million in 2015 to over $555 million by 2023.

1. www.geospatialworld.net Creator: Subhash Kumar subhashkmr8
How big will be Global
Agri market by 2020?
WHICHREGIONRETAINS
BIGLEADSINTHEGLOBAL
MARKET?EUROPE
FUTUREGROWTH
BELONGSTOWHICH
REGION?US
WHAT ARE THE
DRIVING FACTORS?
NEED TO FEED THE
GROWING WORLD
POPULATION
SHORTSUPPLYOF
AGRICULTURELABOR&
RISINGLABORCOSTS
FOCUSONIMPROVING
AGRICULTUREPRODUCTIVITY
THROUGHIMPROVED
EFFICIENCYAND
EFFECTIVENESSOFFARMING
PRACTICES
ABILITY OF THE DRONES
TO MONITOR FARM &
WEATHER CONDITIONS
WITHIN THE REACH OF THE
AVERAGE FARMER
ROBOTS:
$817 MILLION IN 2013 ARE ANTICIPATED
TO REACH $16.3 BILLION BY 2020
DRONES:
$135MILLIONIN2015AREISANTICIPATED
TOACHIEVEOVER$555MILLIONATA
CAGROF21%FROM2016TO2023.
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