Robotics Can Be Competitive With Human Labor in Some Cases Already, and Falling Costs Over the Next Decade Will Open up More Applications, Says Lux Research
BOSTON, MA--(Marketwired - Jul 6, 2016) - Even though cost continues to remain a barrier to adoption, robots are finding their way into agriculture, threatening to alter the landscape of farming across the world, according to Lux Research.
"Currently robots often aren't affordable -- cost remains the most significant barrier to adoption," said Sara Olson, Lux Research Analyst and lead author of the report titled, "Planting the Seeds of a Robot Revolution: How Autonomous Systems Are Integrating into Precision Agriculture."
"However, the costs of many systems are coming down, while wages rise due to labor shortages in some areas, and the benefits robots bring in the form of increased accuracy and precision will start to pay off in coming years," she added.
Lux Research analysts studied automation in agriculture and the developers of robots. Among their findings:
The report, titled "Planting the Seeds of a Robot Revolution: How Autonomous Systems Are Integrating into Precision Agriculture," is part of the Lux Research Agro Innovation Intelligence and the Autonomous Systems 2.0 Intelligence services.
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Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
Contact Information:
Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com