Latin America Agricultural Robots Market Report, Size, Trend 2023-2028

El nuevo estudio de Informes de Expertos titulado ‘Mercado Latinoamericano de Robots Agrícolas, Informe y Pronóstico 2023-2028′, ofrece un análisis profundo del mercado, evaluándolo por tipo de producto, aplicación, oferta y las regiones clave. El informe analiza los factores clave de éxito y las limitaciones, también rastrea las últimas tendencias en la industria y estudia su impacto en el mercado en general. Además, evalúa la dinámica del mercado, cubriendo los indicadores clave de demanda y precio, junto con el análisis del mercado basado en los modelos FODA y las Cinco Fuerzas de Porter.

The new report by Informes de Expertos titled, ‘Latin America Agricultural Robots Market 2023-2028’ , gives an in-depth analysis of the market, assessing it based on product type, application, offerings, and key regions. The report analyses key success factors and constraints tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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Los aspectos más destacados del informe incluyen:

Visión general del mercado (2018-2028)

• CAGR para el período de pronóstico (2023-2028): 12,30%

Cabe destacar varios factores de crecimiento que han contribuido al desarrollo del mercado de robots agrícolas en América Latina, a saber, el aumento de la población, el consiguiente incremento de la demanda de alimentos, la necesidad de una alta productividad de los cultivos y una tendencia creciente a la agricultura de precisión. Además, las conclusiones extraídas de esta dinámica del mercado muestran que los actores clave de la industria objetivo en América Latina están inculcando la actividad de investigación en la fabricación o producción de robots agrícolas.

Sin embargo, algunas empresas están incorporando nuevos avances en tecnología a sus flujos de trabajo actuales para facilitar los procesos de producción y distribución junto con desarrollos y lanzamientos de productos para una mayor generación potencial de ingresos durante el período de previsión. En general, se espera que la adopción de estrategias de crecimiento haga florecer la sólida demanda y oferta del mercado de robots agrícolas en los próximos años, impulsada por la creciente necesidad de producción de alimentos y el deseo de optimizar las prácticas agrícolas en aras de la eficiencia y la sostenibilidad.

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Industry Definition and Major Segments

Agribots, also known as agricultural robots, are autonomous machines that are utilised to boost output and yield, lessen the need for manual work, and raise productivity in general. For a variety of horticultural tasks, such as aerial data collection, field mapping, weed control, planting, fertilising and irrigation, intercropping operations, harvesting, soil testing, as well as environmental monitoring, agricultural robots are frequently outfitted with specialised end effectors or arms. In addition, these machines are utilised in dairy farms to wash and milk cows.

The report has analysed the market based on product type covering:

• Unmanned Aerial Vehicles (UAVs)/Drones
• Milking Robots
• Driverless Tractors
• Others

Based on the application, the market has been evaluated and segmented into:

• Field Agriculture
• Dairy Farm Management
• Animal Management
• Soil Management
• Crop Management
• Others

By offering, the report covers:

• Hardware
• Software
• Services

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Others

Market Trends

The agricultural robots market in Latin America is expanding in size due to the increasing population, the consequent increase in demand for food, the need for high crop productivity, and a growing trend of precision agriculture. Furthermore, the key players are inculcating advanced technologies in the production of agricultural robots for higher sales during the forecast period in the target region. Further, owing to this factor, the target market recorded an average revenue share of 6.57 billion in the year 2021 along with sturdy demand requisitions.

Also, the topmost companies such as AGCO Corporation and Autonomous Solutions (ASI) are leading as compared to others mentioned in the report due to their computing and engineering research units and several diversified solutions for better production and sales. To take into consideration crop management segment has a major share in the agricultural robots market owing to governments around the world providing incentives and programs to sensitize farmers to advanced technologies. Therefore, altogether these factors, coupled with lucrative growth opportunities provided to producers and manufacturers from the part of consumers and their rising purchasing power in the target sector are aiding the agricultural robots market during the forecast period.

Key Market Players

The major players in the market are:

• AGCO Corporation
• Autonomous Solutions (ASI)
• Trimble Inc.
• Autonomous Tractor Corporation
• Others

The insights in the market research report provide growth possibilities, socio-political environment factors affecting the market, launches of products, new entrants dominating the market, and the presence of key companies driving the industry.

About Us

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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Absorption Costing MCQs with Answers Explanation Engineering ECE

What Is Absorption Costing?

Absorption costing, also known as the all-encompassing, all-inclusive, or comprehensive costing method, is a sophisticated and perplexing managerial accounting framework that attempts to incorporate all expenses that are linked to the production of a particular product. This method is highly intricate and involves a copious amount of calculations and analyses to arrive at the total cost of production.

Every minuscule expense, whether direct or indirect, such as raw materials, labor, rent, utilities, depreciation, maintenance, insurance, and every other associated cost, is taken into account to determine the total cost of the product. The complexity of this method is staggering, and it requires extensive knowledge of accounting principles, an understanding of manufacturing processes, and advanced analytical skills to execute.

However, despite its complexity, absorption costing is still widely used in the industry due to its comprehensive approach to providing an accurate picture of the cost of production. Moreover, under the generally accepted accounting principles (GAAP) in the United States, absorption costing is an approved method for external reporting. In contrast, variable costing is prohibited, adding to the confusion and perplexity surrounding this topic.

Which of the following costs would NOT be included in the cost of goods sold calculation under absorption costing?

a) Direct materials
b) Direct labor
c) Variable manufacturing overhead
d) Fixed manufacturing overhead
Answer: c) Variable manufacturing overhead

Explanation: Under absorption costing, both fixed and variable manufacturing overhead costs are included in the cost of goods sold calculation. Direct materials and direct labor costs are also included.

When production exceeds sales, absorption costing will result in:

a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: a) Higher net income than variable costing

Explanation: When production exceeds sales, there will be more fixed manufacturing overhead costs that are absorbed into the cost of goods sold calculation under absorption costing. This results in a higher net income compared to variable costing, which only includes variable manufacturing costs in the cost of goods sold calculation.

Which of the following statements is true about absorption costing?

a) It is used for external reporting purposes
b) It is used for internal decision-making purposes
c) It is the same as variable costing
d) None of the above
Answer: a) It is used for external reporting purposes

Explanation: Absorption costing is required for external financial reporting purposes, such as on the income statement and in financial statements. Variable costing, on the other hand, is often used for internal decision-making purposes.

In a period of increasing production and sales, absorption costing will result in:

a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: c) The same net income as variable costing

Explanation: When production and sales increase, absorption costing and variable costing will result in the same net income. This is because there will be fewer fixed manufacturing overhead costs per unit under absorption costing, but there will also be more units sold.