The global autonomous farm equipment market is anticipated to grow at a considerable CAGR of 10.2% during the forecast period (2024-2031). The primary factor driving the autonomous farm equipment market is use of AI in farming equipment and technological advancements. Significant technological advancements, such as the use of AI in fully automated tractors and harvesters, are inspiring suppliers to spend more in similar technologies to enhance productivity. For instance, Deere & Company acquired Bear Flag Robotics for $250 million in august 2021. It is a startup which develops the automated driving machines compatible with existing machines. The acquisition aids John Deere’s long-term aim of developing machines with advanced technology to serve customers by speeding up the development and delivery of automation and autonomy on the firm. The availability of competent workers to perform various procedures that affect farming outcome is one of the main challenge farmers face today. Autonomy provides a secure and productive solution to overcome this challenge. The acquisition of Bear Flag Robotics is focused towards providing advanced technology and services to customers, who work for the revolution of agriculture, and cultivate, harvest and transform the land to meet the need for food, fuel, shelter and infrastructure.
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Additionally, Trimble launched Farmer Core in April 2019. It is an ag software which enable farmers to connect with all aspects of their farm operations. Farmer Core is an affordable software which integrates machine generated data from precision ag display to simplify farm structure and streamline the operations.
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Market Coverage
- Segment Covered-
o By Types
o By Applications
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- including AGCO Corp., AgJunction Inc., Agrobot, CLAAS Group, Clearpath Robotics Inc., Deere & Co., Ecorobotix SA, ISEKI & CO., LTD., KUBOTA Corp., Mahindra & Mahindra Ltd. and others.
- Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Autonomous Farm Equipment Market Report by Segment
By Types
- Tractors
- Harvesters
- Tiller
- Seed Drill
By Applications
- Agriculture
- Horticulture
- Animal husbandry
- Others (spraying and fertilizing)
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