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New IDTechEx Report Outlines the Future of the Agricultural Robotics Industry

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3 years ago

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IDTechEx has recently released “Agricultural Robotics Market 2022-2032“, a market research report exploring the technical and market factors that are shaping the emerging industry around agricultural robotics. This report is focused on key technologies (e.g., AI, sensors, GPS, imaging systems, etc.) and applications (weeding, harvesting, monitoring, etc.). It analyses recent challenges in the agriculture industry due to the COVID-19 pandemic and how robotics and technology developments will change the business of agriculture, enabling ultra-precision farming, helping to mitigate the challenges, and
maintaining sustainable developments.

The report develops a detailed roadmap of how these challenges have influenced the agriculture industry, what technologies have been widely applied as of today, what are the typical application areas of agricultural robots, and what makes different application areas have various maturity and technology readiness levels (TRL).

In particular, this report provides:

  • Agricultural robots’ categorization: Based on the technology and applications, the report categorizes agricultural robots into different types. For each type, a detailed chart was made to evaluate the technical difficulty and application value, thereby deciding its
    stage of development/commercialization.
  • “Agricultural Robotics Market 2022-2032“, provides a generalized chart of the technical difficulty, application value, and level of adoption. Source: IDTechEx
  • Application assessment: Detailed application assessment covering 8 major application areas including weeding and pest control, robotic seeding, fully autonomous tractors, autonomous implement carriers, and platform robots, harvesting robots, drones, milking robots, and others. For each sector, the report outlines its current stage of development, technology progression, drivers and challenges (both technical and regulatory), and key products from active players in the market. The market size of each application is projected in the forecast chapter.
  • Technology assessment: Detailed technology assessment covering different products ranging from prototypes at the proof-of-concept phase to robots on a commercially available level. The report analyses the key technologies and components including sensors (e.g., cameras, LiDAR, Radar, etc.), imaging systems (e.g., hyperspectral imaging), end-effectors, AI, precision spraying, and many others. The technology assessment gives a holistic view of what components are more commonly used in different robots, how different components synergize to achieve the functionality, and the technical barriers when they work together.
  • Market analysis: Although there has been a wide range of agricultural robots designed for different specializations, they have different levels of maturities due to different business models, target crops, return on investment, and so on. This report analyses several business models and explains investors’ commercial challenges and concerns.
  • Company profiles: More than 30 interview-based full company profiles with detailed SWOT analysis, over 40 company profiles without SWOT analysis, and the works of more than 80 companies listed and summarised.
  • Market forecasts: Granular 10-year (2022 – 2032) segmented market forecast for 6 categories including milking robots, weeding and seeding robots, autonomous tractors and implement carrying robots, drones, harvesting robots, and other applications. The report also contains 2 additional forecasts covering the total market size and unit sales for autonomous tractors and implement tractors. The market forecasts are primarily segmented by regions, thereby helping you to understand which territory is expected to have the fastest growth. Meanwhile, some forecasts are segmented based on application areas. All our assumptions and data points are clearly explained in the report and
    Excel spreadsheet.

The adoption of agbots is determined by both technical difficulty and application value

Although the technologies can vary significantly depending on the tasks, IDTechEx summarizes them into three mainstream categories that are autonomous mobility, direct interaction, and indirect interaction. The report explains how IDTechEx categorizes agricultural robots into these three categories, as well as within each category, the barriers and timeline of development, and what drives the core demand of farmers.

A good example is weeding robots and harvesting robots. One of the fundamental factors causing differences in the popularity of these two robots is the demand. In agriculture, harvesting is typically only needed for a few months, therefore, farmers are less willing to invest too much to get a machine that can only be used for a short period. By contrast, weeding machines are much more popular because weeding is constantly needed throughout the year. For this reason, weeding robot is much more commercialized available than harvesting robots.

Forecast: Global market of agricultural robotics is projected to reach $7.88 billion by 2032

The global market for agricultural robots is forecast to reach $7.88 billion by 2032, with a CAGR of 13.09% compared with 2022. By 2032, Europe remains the largest market, followed by North America, APAC, South America, and MEA. North America and APAC are expected to have the quickest growth in the upcoming decade whereas Europe has the slowest growth.

Agricultural Robots Market Forecast by Region 2032. Source: IDTechEx – “Agricultural Robotics Market 2022-2032”

To find out more about IDTechEx’s technical and commercial analysis of the agricultural robotics industry, please visit www.IDTechEx.com/agri. This report falls within the Food & AgTech research portfolio.

Upcoming IDTechEx Webinar:

Solutions to Modern Agriculture Issues – Agricultural Robotics Market Gaining Momentum

Yulin Wang, Technology Analyst at IDTechEx, will be presenting a free-to-attend webinar on the topic on Thursday 3 February 2022 – Solutions to Modern Agriculture Issues – Agricultural Robotics Market Gaining Momentum.

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This webinar will include:

  • A summary of key challenges faced by the agriculture industry
  • The typical agricultural robotics applications, their level of development, and how IDTechEx categorizes them into three different themes
  • An overview of how technical difficulty and application value will affect commercialization and adoption
  • A discussion of key enabling technologies and components
  • An evaluation of the barriers in the agricultural robotics industry
  • An explanation of the technical forecasting chart of how IDTechEx sees the industry going in 10 years
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COCA Celebrates Q2 2024 with Record-Breaking Milestones and New Launches

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5 months ago

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August 7, 2024

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HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.

Launch of Physical Cards

COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.

Wallet Growth Milestone

The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.

Transaction Volume Surge

In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.

Integration with Revolut

COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.

Award Recognition

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COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.

New Strategic Partnerships

COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.

Welcoming Pavel Matveev

COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.

Season 2 Point System Launch

Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.

NFT Giveaway

In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.

For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.

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Website: coca.xyz

COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.

About COCA

COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.

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Stake and Earn with KuCoin’s Innovative GemPool Platform

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5 months ago

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August 7, 2024

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VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.

GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.

Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.

For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

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Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning

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5 months ago

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August 7, 2024

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DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.

Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.

In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.

On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”

Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”

Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests

About Trust Wallet

Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.

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