Autonomous Farm Equipment Market to Witness Robust Expansion by 2028

The global autonomous farm equipment market is anticipated to grow at a considerable CAGR of 10.2% during the forecast period 2022-2028). The primary factor driving the autonomous farm equipment market is use of AI in farming equipment and technological advancements. Significant technological advancements, such as the use of AI in fully automated tractors and harvesters, are inspiring suppliers to spend more in similar technologies to enhance productivity. For instance, Deere & Company acquired Bear Flag Robotics for $250 million in august 2021. It is a startup which develops the automated driving machines compatible with existing machines. The acquisition aids John Deere’s long-term aim of developing machines with advanced technology to serve customers by speeding up the development and delivery of automation and autonomy on the firm. The availability of competent workers to perform various procedures that affect farming outcome is one of the main challenge farmers face today. Autonomy provides a secure and productive solution to overcome this challenge. The acquisition of Bear Flag Robotics is focused towards providing advanced technology and services to customers, who work for the revolution of agriculture, and cultivate, harvest and transform the land to meet the need for food, fuel, shelter and infrastructure.

Get Free Sample link @ https://www.omrglobal.com/request-sample/autonomous-farm-equipment-market

Additionally, Trimble launched Farmer Core in April 2019. It is an ag software which enable farmers to connect with all aspects of their farm operations. Farmer Core is an affordable software which integrates machine generated data from precision ag display to simplify farm structure and streamline the operations.

A full report of Global Autonomous Farm Equipment Market available @ https://www.omrglobal.com/industry-reports/autonomous-farm-equipment-market

  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Global Autonomous Farm Equipment Market Report by Segment

By Types

  • Tractors
  • Harvesters
  • Tiller
  • Seed Drill

By Applications

  • Agriculture
  • Horticulture
  • Animal husbandry
  • Others (spraying and fertilizing)

Global Autonomous Farm Equipment Market Report by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East & Africa

The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global autonomous farm equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/autonomous-farm-equipment-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 780-304-0404