The Business Research Company’s report on the Autonomous Farm Equipment Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the autonomous farm equipment market further?
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 into 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 Asia-Pacific 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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What are the key factors influencing the forecasted market size of the autonomous farm equipment industry?
The autonomous farm equipment market size has grown strongly in recent years. It will grow from $80.52 billion in 2024 to $86.38 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to labor shortages, precision agriculture, environmental concerns.
The autonomous farm equipment market size is expected to see strong growth in the next few years. It will grow to $109.07 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to improved connectivity, data-driven farming, cost reduction, climate change mitigation, global food security, data-driven agriculture. Major trends in the forecast period include technological advancements, emerging startups and innovation, farm-as-a-service models, customization and adaptability, collaborative and autonomous swarming.
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Who are the leading competitors in the autonomous farm equipment market?
Major companies operating in the autonomous farm equipment market include CLAAS KGaA mbH, DEUTZ-FAHR S.p.A., AGCO Corporation, Deere & Company, CNH Industrial N.V., Agrobot S.L., Autonomous Tractor Corporation, Yanmar Co. Ltd., Iseki & Co. Ltd., Kubota Corporation, Bobcat Company, Agribotix LLC, Agricultural Solutions Ltd., Harvest Automation Inc., Mahindra & Mahindra Limited, Energid Technologies Corporation, Autonomous Solutions Inc., Agritronics Corporation, Kinze Manufacturing Inc., SDF S.p.A., Rowbot Systems LLC, Robotic Harvesting LLC, Jaybridge Robotics LLC, Agrobotics AutoProbe Inc., Naio Technologies, CNH Industrial America LLC, Ted Corporation, Dino Autonomous Robot Inc., Swift Navigation Inc.
Which emerging trends are set to transform the autonomous farm equipment market landscape?
Companies in the autonomous farm equipment market are focusing on the use of artificial intelligence (AI) for the development of farm equipment. AI enables machines to do a variety of tasks without the assistance of humans. Machines are programmed to accomplish activities independently after being developed with high-level computing capability. For example, in February 2022, Verdant Robotics, a US based company that manufactures robotics systems, has expanded its robot-as-a-service (RaaS) model with autonomous farm robot including computer vision, artificial intelligence, robotics, GPS (global positioning system)-denied navigation, chemistry, and soil and plant sciences to achieve the next generation of crop production.
How do different geographies compare in terms of market share and growth potential in the autonomous farm equipment market?
Asia-Pacific was the largest region in the autonomous farm equipment market in 2023. North America was the second largest region in the autonomous farm equipment market. The regions covered in the autonomous farm equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Which major segments of the autonomous farm equipment market are experiencing the fastest growth?
The autonomous farm equipment market covered in this report is segmented –
1) By Product Type: Tractors, Harvesters, Unmanned Aerial Vehicles (UAVs), Other Product Types
2) By Technology: Partially Autonomous, Fully Autonomous
3) By Application: Agriculture, Horticulture, Animal husbandry, Forestry, Other Applications
Subsegments:
1) By Tractors: Autonomous Tractors For Tilling, Autonomous Tractors For Planting, Autonomous Tractors For Spraying
2) By Harvesters: Autonomous Combine Harvesters, Autonomous Forage Harvesters
3) By Unmanned Aerial Vehicles (UAVs): Crop Surveillance UAVs, UAVs For Precision Agriculture, UAVs For Crop Spraying
4) By Other Product Types: Autonomous Seed Planters, Autonomous Irrigation Systems, Autonomous Soil Monitoring Equipment
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How is the autonomous farm equipment market defined?
The autonomous farm equipment refers to the equipment used for agriculture, horticulture, animal husbandry, and forestry. Within a unified framework, autonomous farming is the modelling 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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