Autonomous Farm Equipment Market | Global Industry Research on Growth, Trends, Opportunity and Top Companies Analysis in 2021-2027
Autonomous Farm Equipment Market is valued at USD 62.89 Billion in 2020 and is expected to reach USD 155.31 Billion by 2027 With a CAGR of 13.7% Over the Forecast Period.
Brandessence Market Research has published a new report title “Autonomous Farm Equipment Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027” Increasing deployment of technology in farming & growing shortage of labor are anticipated to drive the growth of Global Autonomous Farm Equipment Market
Scope of Global Autonomous Farm Equipment Market Report:
Autonomous farm equipment is the use of technology such as sensors & controller to automate the farming equipments to achieved the desired results. The equipment will help the farmer in complex operations plow, harvest, irrigate, etc. with low human resource at lower cost with reliable & fast operation. The increasing urbanization has led to shortage of farm labor which results in irregular irrigation, pesticide spraying plowing, etc. The technology employed will capture the data related to crop such the moisture of soil, duration between two activities so that necessary action could be taken without any human requirement.
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The autonomous tractor is one of the farm equipment which can operate automatically with the sensors & cameras mounted on it along with safety feature against collision & roll over. The increased technology helps to use eco-friendly renewable fuel to support environment issue & reduces the cost of operation. The robots will work for seeding & weeding, drone for applying pesticide and surveillance through drone & camera. The agriculture is depending on climate cycle & need special climate to grow like cold for mustard, water for rice get affected by unavailable of labor on certain days.
The automatic machinery can work any work and in any climate so achieve better productivity. The risk has been greatly reduced with employment of technology, automation and AI will help in meeting the need of growing population globally.
During Covid-19 pandemic, the agriculture sector has saved a lot of economies from getting in bad shape. During lockdown, food was the basic thing for everyone while following social distancing. The developed economies have seen rise in digitalization along with demand of autonomous farm equipment due to a hard hit from covid-19 such as USA, Italy, Spain, etc. The autonomous farm equipment demand is going to rise in the wake of pandemic, growing digitalization & increasing labor shortage in few years.
Global Autonomous Farm Equipment Market Segmentation:
Global autonomous farm equipment market report is segmented on the basis of operation, product, capacity, technology, and region & country level. Based upon operation, global autonomous farm equipment market is classified into fully autonomous and partially autonomous. Based upon product, the market is divided into tractor, harvester, tiller, UAV, seed drill and others. Based upon capacity, the market is divided into less than 30 hp, 31to 100 hp and above 100 hp. Based upon technology, global autonomous farm equipment market is divided into software and hardware.
By Operation:
Fully autonomous
Partially autonomous
By Products:
Tractors
Harvesters
UAV
Tiller
Seed Drill
Others
By Capacity:
Less than 30 HP
31 to 100 HP
Above 100 HP
By Technology:
Software
Hardware
The regions covered in Global Autonomous Farm Equipment Market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global autonomous farm equipment is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Key Players for Global Autonomous Farm Equipment Market Report-
Some of the key players for Global Autonomous Farm Equipment Market are D Robotics, Agrobot, AGCO, Case IH, Agribotix, ADAMA Agricultural Solution Ltd, Agri-Tronix Corporation, Clearpath Robotics, Agrobotics, Amazonen-Werke H. Dreyer Gmbh & Co. Kg, Autonomous Solutions, Energid, Jaybridge Robotics, Autonomous Tractor Corporation, Deutz-Fahr, Naio Technologies, John Deere, Kinze Manufacturing, Kubota, Mahindra, Harvest Automation, Rowbot, Yanmar and others.
News: Monarch Tractor Introduced World’s Smartest, Autonomous, Fully Electric Tractor
December 8th 2020; World’s first fully electric, smart tractor is launched by Monarch Tractors. The challenges faced by farmers like labor shortage, safety concern, government regulations, etc. are addressed by Monarch Tractor by combining electrification, automation, data analysis and machine learning which will reduce the cost & emission with increase in productivity & safety. It provide driver optional feature, deep learning with 240 GB crop data analysis per day & have power output of 40-70 HP, integrated with 360 degree camera with roll collision prevention.
Increasing Use of Technology in Agriculture along with the Rising Shortage of Labor is the Major Factor Driving the Market Growth.
North America is Expected to Dominate the Global Autonomous Farm Equipment Market
The global autonomous farm equipment market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America is expected to dominate the global autonomous farm equipment market within the forecast period due to the early adoption of advanced technology, high disposable income and technological advancements in the region. According to World Bank, 82% of population of this region resides in urban centers/cities which lead to reducing farm labor. In addition, the region is technologically developed with technically able individuals helps in fast adoption of autonomous farm equipments. Furthermore, the farm size in this region is huge which makes it difficult to manage manually or with less working labor. According to USDA, the average United States farm size in 2019 was 444 acres.
Europe is expected to capture the second largest share for global autonomous farm equipment market due to its 74% of population resides in cities and individuals are technologically able. In addition, the area has large farms such as per Eurostat, UK with 68 hectare per farm, Luxembourg with 62 hectare per farm. Asia pacific is developing region & expected to witness a significant market growth due to growing urbanization & increasing working population.
Key Benefits for Global Autonomous Farm Equipment Market Report–
Global Autonomous Farm Equipment Market report covers in-depth historical and forecast analysis.
Global Autonomous Farm Equipment Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global Autonomous Farm Equipment Market report helps to identify opportunities in marketplace.
Global Autonomous Farm Equipment Market report covers extensive analysis of emerging trends and competitive landscape.
Farm Equipment Market By Regional & Country Level:
North America
U.S.
Canada
Europe
U.K.
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
Latin America
Brazil
Mexico
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa