Autonomous Farm Equipment Market is projected to expand at a CAGR of close to 10% over the 2021 to 2031

Precision farming improves yield by enabling farmers to use the correct amount of inputs such asfertilizers, water and seeds. This is supported by autonomous farm equipment that incorporates real-time positioning and crop data to improve productivity. Increased farm mechanization in regions such as North America, rising labor costs due to shortage of skilled labor, increasing pressure on global food supply due to rising population, and government initiatives to implement modern agricultural techniques are some of the major factors driving the growth of the global precision agriculture industry. Rising demand for implementation of precision farming is driving the sales of autonomous farm equipment.

The market witnessed a marginal dip in 2020 owing to the COVID-19 pandemic, as lockdowns and restrictions in movement resulted in shortage of equipment and led to disruptions in the supply chain. However, the market is getting back on its feet gradually, and is expected to offer lucrative growth over the coming years.

As per Fact.MR’s analysis, the global autonomous farm equipment market is expected to expand at a healthy CAGR of around 19% from 2021 to 2031.

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Autonomous Farm Equipment – Scope of Report:

A latest publication by Fact.MR on the global Autonomous Farm Equipment evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2022-2032.

Important indicators for the successful growth of the Autonomous Farm Equipment are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

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The research is beneficial for shareholders in Autonomous Farm Equipment, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Competitive Landscape

Key players such as Trimble Inc. and CNH Industrial N.V are hinging their growth strategieson enhancing connectivity with a wide market out reach through targeted acquisitions, so as to enjoy substantial market presence.

• In May 2017, Trimble Inc. announced an agreement to acquire privately-held Müller-Elektronik, a German company specializing in implement control and precision farming solutions.
• In March 2021, CNH Industrial N.V. completed its acquisition of a minority stake in Augmenta, an agricultural technology company focused on automating farming operations using computer vision and artificial intelligence ‘on the edge’, whereby data is processed in real time, directly by the system. This acquisition will see CNH Industrial become Augmenta’s strategic partner in crop sensing and machinery automation, and also foresees future joint research and development collaboration.

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Report benefits & key questions answered

• Post covid consumer spending on Autonomous Farm Equipment: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Autonomous Farm Equipment demand outlook: the market intelligence study reports highlights the factor propelling the demand for Autonomous Farm Equipment. As per the study, the demand for Autonomous Farm Equipment will grow through 2032.
• Autonomous Farm Equipment historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2022-2032.
• Autonomous Farm Equipment consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Autonomous Farm Equipment Segmentations:

• Mode of Operation

  • Fully Autonomous Farm Equipment

  • Partially Autonomous Farm Equipment

• By Equipment

  • Autonomous Farm Tractors
  • Autonomous Farm Harvesters
  • Others

• Technology Provider

  • Autonomous Farm Equipment Manufacturers (OEMs)
  • 3rd-party Technology Providers

• Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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