• Blog
  • Autonomous Farm Equipment Market Report

    Autonomous Farm Equipment Market Report

    Autonomous Farm Equipment Market Report
    Report code - SRCE276 Delivery - 2 Weeks
    Get Free Sample |
    Play Audio
    Listen
    Autonomous Farm Equipment Market Size, Share, Trend, Forecast, & Industry Analysis &nd See more...

    Impact of COVID-19 on Autonomous Farm Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Autonomous Farm Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Autonomous Farm Equipment Market is likely to witness a CAGR of 10.6% during the forecast period. Increase in shortage of labor coupled with shifting trends towards usage of autonomous equipment and high implementation of drones in agricultural applications are some of the major factors fueling the growth of the market during the forecast period.

    Autonomous Farm Equipment Market - Snapshot

    Growth

    10.6% for the next five years

    Major Operation Type

    Fully Autonomous  

    Largest Product Type

    Tractors

    Dominating Technology Type

    Hardware  

    Region with the highest demand

    North America  

    Key Players

    3D Robotics, ADAMA Ltd., AGCO Corporation, Agribotix, Agri-Tronix Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, Case IH, Clearpath Robotics, Inc., and Deutz-Fahr

    Segment Analysis

    Autonomous-Farm-Equipment-Market-Dominant-Segments

    Wish to get a free sample? Register Here

    Autonomous Farm Equipment Market Share: By Operation Type

    Based on the operation type, the market is segmented as fully autonomous and partially autonomous. The fully autonomous segment is estimated to register a higher growth rate in the market on account of increasing implementation of precision farming systems, fueling the segment’s growth during the forecast period.

    Autonomous Farm Equipment Market Share: By Product Type

    Based on the product type, the market is segmented as tractors, harvesters, and UAV drone. Tractors are estimated to account for the largest share of the market during the forecast period on account of their wide utilization in the agricultural sector. Further, the constant ability of these vehicles with higher ROI factors is expected to have a positive influence on the market. Also, harvesters are estimated to witness significant growth in the market owing to continuous development in robotics coupled with the product availability at competitive price, boosting the overall industry growth during the forecast period.

    Autonomous Farm Equipment Market Share: By Technology Type

    Based on the technology type, the market is segmented as software and hardware. Hardware is estimated to be the dominating segment of the market owing to the growing advancements and easy operation of the device, fueling the growth of the segment during the forecast period.

    Autonomous Farm Equipment Market Share: By Region

    In terms of regions, North America is estimated to be the dominating region in the market during the forecast period owing to the presence of various major industry players and growing utilization of tractors and combined harvesters in the region. On the other hand, Europe and Asia-Pacific are also estimated to witness significant growth in the market on account of events leading to increased productivity across both of the regions during the forecast period.

    Autonomous-Farm-Equipment-Market-By-Region

    Know which region offers best growth opportunities. Register Here

    Market Scope & Segmentation

    Autonomous farm equipment is a preferable choice for farming procedures as it saves cost and time involved in the yielding process, as compared to standard farm equipment.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Autonomous Farm Equipment Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The autonomous farm equipment market is segmented into the following categories.

    Autonomous Farm Equipment Market Size, Share, & Forecast, by Operation Type:

    • Fully Autonomous (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Partially Autonomous (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Autonomous Farm Equipment Market Size, Share, & Forecast, by Product Type:

    • Tractors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Harvesters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UAV Drone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Autonomous Farm Equipment Market Size, Share, & Forecast, by Technology Type:

    • Software (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hardware (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Autonomous Farm Equipment Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Autonomous-Farm-Equipment-Market-Segmentation

    Want to know the most attractive market segments? Register Here

    Key Players

    Some of the key players in the autonomous farm equipment market are- 

    • 3D Robotics
    • ADAMA Ltd.
    • AGCO Corporation
    • Agribotix
    • Agri-Tronix Corporation
    • Autonomous Solutions, Inc.
    • Autonomous Tractor Corporation
    • Case IH
    • Clearpath Robotics, Inc.
    • Deutz-Fahr

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by technology type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The autonomous farm equipment market is expected to witness an impressive growth of 10.6% CAGR in the foreseeable future.

    3D Robotics, ADAMA Ltd., AGCO Corporation, Agribotix, Agri-Tronix Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, Case IH, Clearpath Robotics, Inc., and Deutz-Fahr are among the key players in the autonomous farm equipment market.

    North America is expected to be the dominating autonomous farm equipment market during the forecast period of 2021-26.

    Tractors are expected to account for the largest share of the autonomous farm equipment market in the coming five years.

    •