The global autonomous farm equipment market is anticipated to grow at a significant CAGR of around 10.2% during the forecast period. The primary factor driving the growth of autonomous farm equipment market is increase in demand for autonomous equipment such as tractors for agriculture applications. The autonomous tractor plant the crops with no human interaction. Technology such as the Trimble BX992 and similar equipment allow for remote control use and monitoring of farm equipment. Major companies in the market are focused towards bringing innovative solutions in autonomous agriculturefield. For instance, in January 2022, John Deere revealed a fully autonomous tractor, which combines Deere’s 8R tractor, GPS guidance system and other advanced technologies. It is expected to be available to farmers by the end of 2022.
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The COVID-19 pandemic has spread to almost every country on the globe. It has adversely affected the autonomous farm equipment market. Due to COVID-19 government across the globe was forced to impose strict lockdown and travel restrictions. It has slowed down the logistics and production abilities of various companies. Owing to strict travel regulations there was shortage of labor which created a challenge for farmers for completing their field work. Covid-19 had negative impact on the farming in first half of 2020, owing to which farmers are inclined towards autonomous farming equipment and this has given rise in the demand for such equipment. Hence, during the period of COVID-19 the production was restricted but it has given the opportunity for growth of autonomous farm equipment market post COVID-19.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , 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.
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