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 $250 million in august 2021. It is a startup which develops the automated driving machines compatible with existing machines. The acquisition aids John Deere’s long-term aim of developing machines with advanced technology to serve customers by speeding up the development and delivery of automation and autonomy on the firm. The availability of competent workers to perform various procedures that affect farming outcome is one of the main challenge farmers face today. Autonomy provides a secure and productive solution to overcome this challenge. The acquisition of Bear Flag Robotics is focused towards providing advanced technology and services to customers, who work for the revolution of agriculture, and cultivate, harvest and transform the land to meet the need for food, fuel, shelter and infrastructure.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2023
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Autonomous Farm Equipment Market Report by Segment
By Types
- Tractors
- Harvesters
- Tiller
- Seed Drill
By Applications
- Agriculture
- Horticulture
- Animal husbandry
- Others (spraying and fertilizing)
Global Autonomous Farm Equipment Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ 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.
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