The global autonomous farm equipment market size is expected to grow from $62.79 billion in 2021 to $68.51 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The global autonomous farming equipment market is expected to grow to $97.28 billion in 2026 at a CAGR of 9.2%.
What is the Global Autonomous Farm Equipment Market?
The autonomous farm equipment market consists of sales of autonomous farm equipment and related services for agriculture, horticulture, animal husbandry, and forestry. Within a unified framework, autonomous farming is the modeling and regulation of agricultural machinery. These farming technologies use the on-farm sensing and control power of automated farming equipment to reach agronomy-based targets.
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What drives the Global Autonomous Farm Equipment Market?
The increasing use of autonomous tractors is a key factor driving the growth of the autonomous farm equipment market. Autonomous tractors use several sophisticated systems and sensors which would possess an effective self-driving vehicle, and by incorporating these advanced systems in run-of-the-mill farming, farmers will experience positive technological effects in the workplace. Alternatively, autonomous tractors can be set up to function as mobile hotspots to collect data from sensors in the field. Also, about 34.5% of the global demand for autonomous farm machinery will retain the 31–100 HP output capacity of farm tractors in 2026. Therefore, the demand for autonomous tractors is expected to drive the growth of the autonomous farm equipment market.
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Global Autonomous Farm Equipment Market Segments
The global autonomous farm equipment market is segmented:
By Product Type: Tractors, Harvesters, Unmanned Aerial Vehicles (UAVs), Others
By Technology: Partially Autonomous, Fully Autonomous
By Application: Agriculture, Horticulture, Animal Husbandry, Forestry, Others
By Geography: The regions covered in the autonomous farm equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest share in the global autonomous farm equipment market.
Autonomous Farm Equipment Global Market Report 2022provides market size and growth forecasts for the global autonomous farm equipment market, global autonomous farm equipment market share, autonomous farm equipment market segments and geographies, autonomous farm equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The autonomous farm equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Autonomous Farm Equipment Industry Playersinclude Claas KGaA GmbH, Deutz Fahr, AGCO Corporation, John Deere, Case IH, Agrobot, Autonomous Tractor Corporation, Yanmar, Iseki & Co, and Kubota. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
