Autonomous Farm Equipment Market

Global Autonomous Farm Equipment Market is valued at USD 62.89 Billion in 2021 and is expected to reach USD 155.31 Billion by 2028 With a CAGR of 13.7% Over the Forecast Period.

Scope of Global Autonomous Farm Equipment Market:

Autonomous farm equipment means the use of advanced technology systems and sensors in agriculture industries. Autonomous farm equipment is used in planting, spraying, and harvesting. Numbers of automated equipment are used in farming like agriculture sprayer, trolley pump, combine harvester, cultivator, roto seed drill, rotary tiller, etc. For example; with the help of automated sprayers, farmers easily spray insecticides on crops. Also, autonomous farm equipment provides several advantages as compared to manual equipment like fast and precise operation, time-saving, safety to the operator, reducing cost in yielding, crop monitoring and field & soil analysis. Through the use of automated equipment, farmer can improve productivity with less investment of time.

This equipment provide high-quality standard and reliability. Modern automated equipment use the internet of things and it doesn’t required the presence of a human to control the various agriculture processes. With the help of IoT farm, equipment Manufacture Company can develop drones, autonomous tractors, robotic harvesters, automatic watering and seeding robots. The well-known reason for the use of autonomous equipment is accuracy, stability, configurability, long-term supply and support. Agriculture robot is the first automated machine use in agriculture and this invented in 1974 byEli Whitney. Ability of an agriculture robot is to isolate the cotton seed from the cotton fiber and it has store up to 50 pounds of cotton per day.

The Covid-19 pandemic has increased the demand for autonomous farm equipment. In the Covid-19 pandemic, agriculture is one of the growing sectors across the world, and demand for farm equipment is increasing. Also, in the lockdown period, there was a shortage of labor. Hence, due to the shortage of labor, farmers shifted towards automated farm equipment especially in the developed and developing economies of the world. Therefore, there was a positive impact of Covid-19 and lockdown on the autonomous farm equipment market. However, the pandemic situation impacted the manufacturing process of autonomous farm equipment at some level due to a shortage of raw materials, workers, and other accessories.

Global autonomous farm equipment market is segmented on the basis of operation, product type, capacity, operation, and region & country level. Based on product type, the autonomous farm market is classified as tractor, harvester, tiller, seed drill, and others. Based on capacity, the market is categorized as up to 30 HP, 30-100 HP, and 101 HP and above. Based on operation, the autonomous farm market is categorized as fully autonomous and partially autonomous.

The regions covered in global autonomous farm equipment market report are North America, Europe, Asia-Pacific, and the Rest of the World. Based on a country level, the market of global autonomous farm equipment is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Global Autonomous Farm Equipment Keyplayers:

• Bobcat (a Doosan company)
• Kubota
• ClaasKGaA GmbH
• Deutz-Fahr
• Yanmar
• Iseki & Co.
• AGCO Corporation
• John Deere
• Mahindra
• Case IH
• Rowbot
• clearpath robotic
• New Holland

Global Autonomous Farm Equipment Segmentations:

By Product:

• Tractor
• Harvester
• Tiller
• Seed drill
• other

By Capacity:

• Up to 30 HP
• 31-100 HP
• Above 101 HP

By Application:

• Fully autonomous
• Partially autonomous

 

Increasing Investment in Agriculture Sector, and Recent Developments Regarding Autonomous Farm Equipment are the Factors Driving the Market Growth

One of the major factors driving the growth of global autonomous farm equipment market is increasing investment in agriculture sector. The agriculture sector is one of the most important industries in the world economy. Use of autonomous farm equipment is widely increasing across the agriculture industries owing to the various factors such as time saving, safety and labor costing. For instance; according to the India brand equity foundation; about 58% of population is based on agriculture and according USDA report, 19% farmer use automated farm equipment. And this helps to drive the autonomous farm equipment market. In addition, rising use of autonomous tractors is also supplementing the market growth. Autonomous tractors utilize various refined frameworks and sensors which would have a successful self-driving vehicle, and by fusing these advanced systems in all around ordinary cultivating, farmers will experience positive innovative impact in the working environment. On the other hand, autonomous tractors can be set up to work as mobile hotspots to gather information from sensors in the field. Hence, the interest for autonomous tractors is relied upon to drive the development of the autonomous farm equipment market.

Furthermore, recent developments in the field of autonomous farm equipments is another factor propelling the growth of autonomous farm equipment market. Most of the companies are shifting their focus on research and development for new autonomous farm equipment. Digitization, internet of things and sustainability are three megatrends responsible for the development of autonomous farm equipment. For instance; OMNiDRIV transforms the existing manual tractor to the driverless tractor. Driverless tractor operates via an intuitive or tablet base user interface. Also, in December 2020, monarch launched first fully electric automated tractor. The cost of electric tractor is around 50,000 USD. Thus, the high development of automated farm equipment across the world is likely to propel the growth of the autonomous farm equipment market during the forecast period.

However, high cost of fully autonomous and partially autonomous farm equipment as compare to traditional may hamper the global autonomous farm equipment market growth. In spite of that, highly increasing digital technology and innovation in autonomous equipment will create more opportunities in autonomous farm equipment market.

North America is Expected to Dominate the Global Autonomous Farm Equipment Market

North America is expected to dominate the global autonomous farm equipment market due to the high adoption rate of technology, and labor shortage in this region. Owing to the fast adoption of farm equipment among many people, this region is considered as technologically develop. For example; in May 2017, Trimble Inc. reported consent to acquire secretly held Miller-Elektronik, a German organization work in implementing control and accuracy farming solutions. With the increasing urbanization, more people are migrating to an urban area to get employment. However, the labor shortage in agriculture has created a problem of skilled personnel such as drivers in farms. In the North American region, the disposable income of people and standard of living is extremely high. Hence the focus on the agriculture sector are relatively low. In North America, fruits & vegetables, Corn peas, and beans are lying unharvested across states due to lack of farm labor. For instance; according to the food and agriculture organization of the United Nations, in 2019, approximately 52 % of labor of the total rural population is migrated to the urban area. For this reason, farmers use automated farm equipment such as tractors, harvesters, and others. High usage of the harvesters and tractors will also enhance the industry's growth.

Europe is projected to become the fastest-growing market for global autonomous farm equipment owing to the government investment and new initiative aim to develop the agriculture sector in this region. For instance; according to the European Agricultural Machinery Association; 7000 companies spread all over the Europe and company produce approximately 450 type of variety of automated machinery that cover any field activity seeding to harvesting. Many new industries are established for getting economic benefit such as increased production at lower cost, large supply of raw material and use of advanced technology. Specifically, Germany is holding high market share in Europe for the autonomous farm equipment industry.

News

Kubota Launched Self-Driving Rice Planting Machine

On October 19^th, 2020; Kubota Corp. launched self-driving rice planting machine. Kubota is the one of the key players of the autonomous farm equipment market. Kubota provides automated agricultural solutions to the farmer. The rice planting machine creates a map of the rice field using GPS then driven by a human around the perimeter of the field. After, machine calculates its rice-planting direction based on the map and robotically plant rice seedlings. The advantage of the planting machine is the driver is not required for operating this machine. The automated rice-planting machine reduces the labor cost. One of the persons monitoring the machine can also refill it with seeding. 

On Special Requirement Autonomous Farm Equipment Market Report is also available for below Regions and Country

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2028
Market Size in 2021:	USD 210.7 Million
Base year considered	2020
Forecast Period CAGR %:	3.8%
Market Size Expected in 2028:	USD 250.6 Million
Tables, Charts & Figures:	175
Pages	300
Autonomous Farming Companies	Bobcat (a Doosan company), Kubota, ClaasKGaA GmbH, Deutz-Fahr, Yanmar, Iseki & Co., AGCO Corporation, John Deere, Mahindra, Case IH, Rowboat, clear path robotic, New Holland
Segments Covered	By Product, By Application, By Capacity
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa