This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Autonomous Farm Equipment Market

Autonomous Farm Equipment Market

Autonomous Farm Equipment Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Autonomous Farm Equipment Market
FACT5674MR
  • May-2021
  • List of Tables : 35
  • List of Figures : 114
  • 170 Pages
  • Automotive

About the Report

The global autonomous farm equipment market is projected to expand at a CAGR of close to 10% over the 2021 to 2031 assessment period. Though tractors are the most widely used, emergence of partially autonomous harvesters, fully autonomous harvesters, autonomous UAVs, and other autonomous farm equipment is lending impetus to market growth.

With increasing mechanization and incorporation of autonomy in agricultural practices, demand for fully autonomous farm equipment has received a boost. Growing potential of partial autonomous farm equipment has compelled manufacturers to launch new products in the market.

Rise in demand for sustainable agriculture coupled with efficient resource management is expected to boost market growth over the coming years.

In its latest revised study, Fact.MR offers insights about key factors fueling the demand for both, fully and partially autonomous farm equipment. The report tracks global sales in 20+ high-growth markets.

The report also analyzes the impact of COVID-19 has had on the agriculture industry in general, and on autonomous farm equipment in particular. This edition (2021-2031) brings readers up-to-date with key market developments, providing analysis on how manufacturers and other stakeholders are reacting to change. The study also expands on the previous competitive landscape section, and readers will get to know the key strategies of established players as well as new entrants.

Historical Trends Vs. Future Market Outlook

Traditional farming, although reliable, requires a lot of time and effort. High labor costs associated with traditional farming methods and farm equipment has encouraged farmers to adopt modern methods of farming. Demand for effective and reliable farm management solutions is constantly rising. Suppliers are gaining immense profits from technological advances and implementation of artificial intelligence in farm equipment.

Autonomous farm equipment is gaining momentum across the globe due to its high efficiency in saving time and money in yielding, crop tracking, and field and soil analysis. As demand for driverless tractors, fully autonomous tractors, and well as partially autonomous tractors fitted with auto-steering and auto data collection systems grows, industry players can expect a surge in demand over the coming years.

Owing to the ongoing crisis caused by COVID-19, production and supply chain activities have seen a slump. Despite a temporary drop in demand from the agriculture sector due to the onset of COVID-19 in 2020, the industry has retained a positive outlook over the last five years from 2016 to 2020. Fact.MR expects growth of the market to be close to 10% CAGR through 2031.

Autonomous Farm Equipment Market by FactMR

Know More Details About the Report

What is the Commercial Potential of Autonomous Farm Equipment?

Automation of farm equipment offers several benefits, including precise and reliable operations, incessant operation regardless of weather or time, and long-term solutions for heavy and complex operations, including harvesting and ploughing.

When compared to traditional farm equipment, autonomous farm equipment saves time and cost in the yielding process, making this advanced equipment a preferable choice for farming procedures. Manufacturers are focused on introducing new and advanced models of autonomous equipment as technology continues to advance.

Which Recent Trends are Shaping Autonomous Farm Equipment Sales?

Demand growth for autonomous farm equipment is being aided by increasing emphasis on sustainable solutions, advanced technology, and operation-efficient farm equipment in many countries. Agriculture industry has witnessed several technological changes over the years, and manufacturers are still investing in research & development to enhance technologies.

Incorporation of artificial intelligence and IOT in agriculture is expected to shape the future of autonomous farm equipment. Usage of artificial intelligence has numerous benefits, including precision farming capabilities, advanced solutions for timely harvesting, optimal planting, soil management, and the use of predictive analysis to enhance quality crop production.

Autonomous farm equipment, especially fully and partial autonomous tractors, are undergoing drastic technological developments. These trends are expected to drive demand for autonomous farm equipment, globally.

Autonomous Farm Equipment Market Region by FactMR

Avail customized purchase options for your needs

Country-wise Insights

What’s Driving Autonomous Farm Equipment Sales in the U.S?

In North America, the United States has been leading the demand for autonomous farm equipment since the past decade. One of the major reasons why the U.S. is leading this market is due to increase in the adoption of advanced technological solutions in farming, across the country.

What are the Market Projections for Germany?

Germany stands at the forefront of Europe’s autonomous farming equipment industry. Potential industry players from all over the world are looking to invest in Germany owing to technological advances in manufacturing units across the country. Increased government investments and new initiatives aimed at strengthening the agriculture sector are anticipated to boost the sales of autonomous farm equipment in the country.

The market in Germany is expected to expand at a CAGR of 10%, with the estimated absolute opportunity in the market value of US$ 65 million during the forecast period. Thus, Germany is expected to witness substantial market growth in future.

What is the Scope of Growth for Autonomous Farm Equipment in China?

The market in China is forecasted to register impressive growth in the foreseeable future. Autonomous farm equipment sales in China are increasing, owing to advancements in the agriculture sector and increase in demand for autonomous farming solutions.

What Makes Japan a Lucrative Market for Autonomous Farm Equipment Suppliers?

Amongst the three countries in East Asia - China, Japan, and South Korea, Japan is considered as a highly lucrative market for autonomous farm equipment, expanding at a CAGR of around 10%, with the estimated absolute opportunity in the market value of US$ 42 million during the forecast period. Innovations in the farming sector have significantly increased the value of autonomous farm equipment in the country.

Category-wise Insights

Which Autonomous Farm Equipment will Experience High Demand?

Autonomous farm equipment is dominated by tractors and harvesters. Autonomous tractors and harvesters are in high demand due to their benefits, which include automatic planting with high precision, GPS and other wireless technologies to manage control stations and precise and reliable data collection about the condition of the soil and crops. These segments will continue to drive sales of autonomous farm equipment manufacturers during the forecast period, as estimated by Fact.MR

Which Mode of Operation is Preferred for Autonomous Farm Equipment?

Partial autonomous farm equipment is expected to hold a significant share in the market through the forecast period. Partial autonomous equipment provides ease of operation by offering the ability to switch to manual control. Partial autonomous farm equipment can be operated manually or remotely, which further acts as a benefit. These features are expected to increase their demand over the coming years. 

An Adaptive Approach to Modern-day Research Needs

Competitive Landscape

The market is highly competitive in nature, with the presence of a large number of players operating in the landscape. Major players are taking steps to expand their businesses and their market share. Key market players are introducing more high-quality products in order to stay ahead of the competition by providing smart farming technology in their products.

Targeted acquisitions and improved product offerings with advanced technology are key for sustaining in the market.

  • In May 2017, Trimble Inc. announced an agreement to acquire privately-held Müller-Elektronik, a German company specializing in implement control and precision farming solutions.
  • In January 2021, AGCO joined the NEVONEX partner network as part of AGCO’s continued strategy to make it easier for farmers to work seamlessly across their farms. Through this NEVONEX collaboration, AGCO joins other leading crop care, seed, Farm Management Information System (FMIS), and precision agriculture companies, including Corteva, MyEasyFarm, Syngenta, Topcon, and Xarvio, to offer enhanced digital services on AGCO equipment, while making these activities more sustainable through more efficient application of inputs. 

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • and the Middle East & Africa

Key Countries Covered

  • US
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • BENELUX
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Oceania
  • Turkey
  • GCC
  • and South Africa.

Key Segments Covered

  • Mode Of Operation
  • Equipment
  • Technology Provider
  • and Region

Key Companies Profiled

  • Deere & Company
  • Agco corp.
  • CNH Industrial N.V
  • Zimeno Inc. (Monarch tractors)
  • Autonomous tractor corp.
  • Autonomous solution Inc.
  • Trimble Inc.
  • Agjunction Inc.
  • Ag Leader Technology Inc.
  • Raven industries
  • Bear Flag robotics
  • Yanmar holding co., Ltd.
  • Kubota Corp
  • Iseki & Co., Ltd.
  • Mahindra & Mahindra Ltd.
  • Escorts Ltd.

Customization & Pricing

Available upon Request

Have a report related query? Speak to us directly

Key Market Segments Covered

  • Mode of Operation

    • Fully Autonomous Farm Equipment

    • Partially Autonomous Farm Equipment
  • By Equipment

    • Autonomous Farm Tractors
    • Autonomous Farm Harvesters
    • Others
  • Technology Provider

    • Autonomous Farm Equipment Manufacturers (OEMs)
    • 3rd-party Technology Providers
  • Region

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

Autonomous Farm Equipment Market - Scope of Report

A recent study by Fact.MR on the autonomous farm equipment market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market.

This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with autonomous farm equipment. The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period.

A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies manufacturing autonomous farm equipment, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of autonomous farm equipment during the forecast period.

Analysis on Market Size Evaluation

The market has been analyzed for each market segment in terms of value (US$ Mn).

Market estimates at global and regional levels for autonomous farm equipment are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global autonomous farm equipment market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.

Country-specific valuation on demand for autonomous farm equipment has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on leading providers of autonomous farm equipment, along with their detailed profiles.

Essential and up-to-date data related to market performers who are principally engaged in manufacturing autonomous farm equipment has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take various steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player.

Company presence is mapped and presented through a matrix for all the prominent players, thus providing the readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the autonomous farm equipment market. 

- FAQs -

The United States, Germany, Japan, China, Canada, the United Kingdom, France, and a few others are lucrative markets for autonomous farm equipment, and are expected to dominate throughout the forecast period.

As per Fact.MR’s projections, tractors and harvesters are the most lucrative in terms of equipment, and they are anticipated to continue to dominate through 2021 to 2031.

Some of the leading autonomous farm equipment manufacturers are Trimble Inc., AGCO Corp, Raven Industries (Applied technology), and Ag Leader Technology.

Need an Exclusive Report for your Unique Requirement?

Talk Show:

The Rise of Intelligent Packaging

Personalized, Connected and Sustainable

November 18, 2021 11:00-11:45 AM PST (USA & Canada)
This is a LIVE session
Future Market Insights MarketNgage Spring

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.