Autonomous Farm Equipment Market

Autonomous Farm Equipment Market Study by Fully and Partially Autonomous for Tractors, Harvesters, Sprinklers & Fertilizer Sprayers, Seeders, Planters, and Agriculture Drones from 2024 to 2034

Analysis of Autonomous Farm Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Autonomous Farm Equipment Market Outlook (2024 to 2034)

Forecasted to advance at 15.3% CAGR over the next 10 years, the global autonomous farm equipment market is anticipated to increase from a value of US$ 1.1 billion in 2024 to US$ 4.59 billion by 2034, as revealed in the recently updated industry report by Fact.MR.

Increasing integration of various autonomous operations into present farming practices and growing mechanization are key factors driving demand for autonomous farm equipment. Growing preference for effective resource management and sustainable agriculture is anticipated to increase requirements for autonomous farm equipment. The surging penetration of farm equipment is forecasted to widen opportunities for market players in the coming 10 years. Moreover, the integration of AI and IoT in multiple types of autonomous farm equipment is also expected to help in global market expansion.

Autonomous farming devices come with various advantages, including fast and precise operations, incessant operations irrespective of time and climatic conditions, etc. Furthermore, the equipment assists in saving time and cost involved in production in comparison to conventional standard farm equipment, thus making these tools a preferred choice for farming practices.

  • Worldwide sales of fully autonomous farm equipment are forecasted to climb at an exceptionally high value CAGR of 34.1% from 2024 to 2034.
  • East Asia is projected to contribute 33.7% share of global market revenue by the end of 2034.
  • Demand for autonomous farm equipment in South Korea is projected to accelerate at 16.8% CAGR from 2024 to 2034.

Some of the prominent manufacturers are involved in the development of cutting-edge autonomous farm equipment for increased efficiency and reliability while minimizing their prices. In addition, the growing production of electronics and advanced robotics with GPS and navigation systems are projected to result in the development of autonomous farm equipment with more precision and effectiveness than conventional ones.

Report Attribute Detail
Autonomous Farm Equipment Market Size (2024E) US$ 1.1 Billion
Forecasted Market Value (2034F) US$ 4.59 Billion
Global Market Growth Rate (2024 to 2034) 15.3% CAGR
Market Share of Partially Autonomous Farm Equipment (2034F) 76.1%
North America Market Share (2034F) 17.6%
Japan Market Growth Rate (2024 to 2034) 17.3 % CAGR
Key Companies Profiled Autonomous Tractor Corporation; Trimble Inc.; Bear Flag Robotics; AGCO Corporation; Raven Industries (Applied Technology); CNH Industrial N.V.; AG Leader Technology, Inc.; Yanmar Holdings Co., Ltd.; Agjunction, Inc.; Kubota Corporation; NovAtel Inc. (Hexagon); Iseki & Co., Ltd.; Zimeno Inc. (Monarch Tractor); Deere & Company; Mahindra & Mahindra; Autonomous Solutions, Inc.; Escorts Limited.

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What is Responsible for Expanding Autonomous Farm Equipment Market Size?

“Improved Agricultural Effectiveness Widening Application Scope of Autonomous Farm Equipment”

Food waste is a popular global phenomenon, which is estimated to lead to noteworthy financial loss and environmental harm. Adoption of autonomous agricultural equipment is expected to help in addressing the issue and further offer benefits, including increased yield and overall profit share for farmers. Various precision agriculture techniques, including enhanced storage facilities and strip-tilling, are helping minimize food wastage. Multiple smart technologies encompassing autonomous equipment, such as crop sensors, GPS enables, etc., are estimated to help in waste reduction. Increased yield and low wastage are forecasted to foam the ground for rising requirements for precision farming tools, including autonomous farm equipment, etc.

“Growing Preference for GPS-enabled Tools for Convenient Assessment of Agricultural Fields”

Autonomous tractors and precision farming depend on GPS for efficiency. GPS assists in mapping yields, preparing farms, mapping fields, sampling soil, and scouting crops. More farmers use GPS on farms with poor visibility, including those with rain, fog, dust, or darkness. GPS-enabled devices are used for gathering geographic information for mapping irrigation systems and crop-related issues, such as diseases or weeds.

GPS assists farmers in accurately creating farm maps depicting the size of respective field areas and the location of roads. This important data is anticipated to assist farmers in modifying their respective techniques for increasing output. Thus, these features are forecasted to result in a rising preference for GPS-enabled devices, including autonomous farm machinery.

Why is Autonomous Farm Equipment Market Growth Being Hampered to Some Extent?

“Unavailability of Advanced Farming Tools for Collecting Data Points”

Autonomous farm equipment gathers required data with the assistance of various sensors and similar technologies from agricultural fields. For the effective management of the corps, thorough information is required for decision making. However, ignorance is estimated to lead to detrimental effects on the quality and production of crops. The challenge arises with the use of new technologies for data extraction from crops to produce coherent data. It takes time and effort to gather and analyze data. These elements are forecasted to limit market growth.

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How are Startups Expected to Establish a Strong Foothold in This Dynamic Business?

“Integration of Smartphones with Autonomous Farm Equipment Hardware and Software”

There are some smartphone applications, which are less expensive and offer crucial information about farming, including climate conditions, weather, etc. These applications efficiently assist farmers in decision making. Smartphones are integrated with various autonomous farm equipment for multiple activities, including aerial imaging, record-keeping, sample collection, etc. Startups are anticipated to invest more in the integration of autonomous farm equipment in smartphone applications, which help them in planning, planting, and harvesting.

Country-wise Insights

This recently updated report by Fact.MR, a market research and competitive intelligence provider, asserts that East Asia is calculated to hold a 33.7% share of the global market by 2034. The increasing use of these advanced tools in various regional countries, including China, Japan, etc., is owing to their superior control even in conditions with low visibility.

Which Key Autonomous Farm Equipment Market Trends are Benefiting in the United States?

“Rising Investments in More Efficient Autonomous Farm Equipment”

Attribute United States
Market Value (2024E) US$ 138.7 Million
Growth Rate (2024 to 2034) 14.9% CAGR
Projected Value (2034F) US$ 554.5 Million

The United States is anticipated to account for a share of 68.5% of the market in North America by the end of 2034. The rising demand for autonomous farm equipment in the country is attributed to the growing implementation of cutting-edge technology by more farmers. In addition, an increase in the investment by more farmers in effective farm machinery is estimated to widen opportunities for market players. More Americans are becoming aware of food safety, which is resulting in the rising use of harvesters and tractors with autosteering capabilities.

What Makes China a Lucrative Market for Autonomous Farm Equipment?

“Growing Preference for Sustainable and Cutting-edge Technologies in Farming”

Attribute China
Market Value (2024E) US$ 236.7 Million
Growth Rate (2024 to 2034) 16% CAGR
Projected Value (2034F) US$ 1.05 Billion

China is expected to capture 67.8% share of the East Asian market by 2034. The rising popularity of cutting-edge technologies in farming practices is estimated to have a positive impact on the demand for autonomous farm equipment. This machinery assists in completing tasks with minimal intervention from human beings and saves their effort and time.

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Category-wise Insights

Fact.MR, in its updated report, opined that increased demand for partially autonomous farm equipment is attributed to their extensive use and ability of remote and manual operation.

Which Type of Autonomous Farm Equipment is Most Widely Preferred?

“High Utilization of Tractors in Several Farming Practices”

Attribute Tractors
Segment Value (2024E) US$ 643.6 Million
Growth Rate (2024 to 2034) 15% CAGR
Projected Value (2034F) US$ 2.6 Billion

Tractors are approximated to occupy 56.7% of the autonomous farm equipment market share by the end of 2034. Autonomous tractors are becoming more popular owing to their advantages, including GPS, high-precision automated drilling, and various other wireless technologies for the management of control stations. In addition, they are also used for the collection of reliable and accurate data on crop and soil conditions with their advanced features.

Why is There Surging Popularity of Partially Autonomous Farm Equipment?

“Flexibility of Manual or Remote Operation Leading to Increased Preference for Partially Autonomous Farm Equipment”

Attribute Partially Autonomous Farm Equipment
Segment Value (2024E) US$ 1.05 Billion
Growth Rate (2024 to 2034) 12.8% CAGR
Projected Value (2034F) US$ 3.49 Billion

Partially autonomous farm equipment is expected to hold 76.1% share of the global market by 2034-end. Partially autonomous agricultural machinery offers multiple features, including ease of use by providing the features of switching to manual control. Moreover, users have the flexibility of remote or manual operation, which is also adding to their rising preference.

Competitive Landscape

Leading market players are focusing on the development of advanced equipment to expand their reach among more end users. They are concentrating on new product launches at competitive pricing to generate leads. Further, management of respective supply chain systems, offering more quality products, etc., are some strategies helping market players increase their profit share.

For instance :

  • AGCO entered into a partnership with NEVONEX in January 2021 as a part of its strategies for the seamless functioning of farmers across their farms. This collaboration led to AGCO joining various other prominent crop care organizations, FMIS (Farm Management Information System), as well as precision agriculture companies, such as MyEasyFarm, Xarvio, Corteva, Syngenta, etc., for offering enhanced digital services for equipment. With more effective input applications, the company is planning to offer sustainable solutions for farming activities.

Key players in the autonomous farm equipment market are Autonomous Tractor Corporation, Trimble Inc., Bear Flag Robotics, AGCO Corporation, Raven Industries (Applied Technology), CNH Industrial N.V., AG Leader Technology, Inc., Yanmar Holdings Co., Ltd., Agjunction, Inc., Kubota Corporation, NovAtel Inc. (Hexagon), Iseki & Co., Ltd., Zimeno Inc. (Monarch Tractor), Deere & Company, Mahindra & Mahindra, Autonomous Solutions, Inc., and Escorts Limited.

Fact.MR provides detailed information about the price points of key manufacturers of autonomous farm equipment positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of Autonomous Farm Equipment Market Research

  • By Equipment Type :

    • Tractors
    • Harvesters
    • Sprinklers & Fertilizer Sprayers
    • Seeders
    • Planters
    • Agriculture Drones
  • By Technology :

    • Fully Autonomous
    • Partially Autonomous
  • By Service Provider :

    • Autonomous Farm Equipment Manufacturers (OEMs)
    • 3rd-party Technology Providers
  • By Application :

    • Cultivation
    • Harvesting
    • Planting
    • Spraying
    • Monitoring
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • MEA

- FAQs -

How big is the autonomous farm equipment market in 2024?

The global autonomous farm equipment market has been valued at US$ 1.1 billion in 2024.

What is the demand outlook for autonomous farm equipment by 2034?

Worldwide demand for autonomous farm equipment is evaluated to reach a market value of US$ 4.59 billion by 2034.

At what rate are the sales of autonomous farm equipment projected to rise?

Global sales of autonomous farm equipment are forecasted to climb at 15.3% CAGR from 2024 to 2034.

How much share of the global market is East Asia expected to account for?

East Asia is approximated to hold 33.7% share of the global market by 2034.

At what rate is the demand for autonomous farm equipment anticipated to increase in Japan?

The market in Japan is forecasted to accelerate at a CAGR of 17.3% from 2024 to 2034.

What is the contribution of partially autonomous farm equipment to global market revenue?

Partially autonomous farm equipment is calculated to capture 76.1% share of global market revenue by 2034.

Who are the leading manufacturers of autonomous farm equipment?

Mahindra & Mahindra, Deere & Company, Escorts Limited, Trimble Inc., CNH Industrial N.V., and Yanmar Holdings Co., Ltd. are some of the leading autonomous farm equipment manufacturers.

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