Press release
Autonomous Farm Equipment Market 2018 by Key Players: John Deere, Case IH, AGCO, Agribotix, Agricultural Solutions, Agrobot, Autonomous Tractor Corporation, Harvest Automation, Mahindra, CLAAS, DEUTZ-FAHR
Autonomous Farm Equipment Market
Global Autonomous Farm Equipment Market share is anticipated to exceed 7.5 million units by 2024. Shifting trends towards usage of advanced systems, precision farming, adaptation of GNSS system and IoT implementation will drive the business growth during the forecast timeframe. Usage of tractors, drones and harvesters offering superior productivity and reducing labor intensive work will further support the industry growth.
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Top Key Players:-
The key players of Autonomous Farm Equipment Market are John Deere, Case IH, AGCO, Agribotix, Agricultural Solutions Ltd, Agrobot, Autonomous Tractor Corporation, Harvest Automation, Mahindra, CLAAS, DEUTZ-FAHR.
Regional Segmentations:-
Europe led by Germany, Italy, France, Russia and UK is estimated to witness significant growth during forecast timeframe. Shifting trends towards products with higher efficiency, reduced emissions and enhanced productivity will drive the autonomous farm equipment market growth.
In 2016, North America holds significant industry share owing to strong presence of major manufacturers. This can be attributed to higher penetration rate of tractors and harvesters installed with autosteering functions. Usage of drones for mapping and spraying operations will further support the regional demand.
Major Points of Table Of Content:-
3 Autonomous Farm Equipment Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Manufacturers
3.3.3 Profit margin trends
3.3.4 Distribution channel analysis
3.3.5 Application
3.3.6 Vendor matrix
3.4 Pricing analysis
3.4.1 Regional Pricing
3.4.1.1 North America
3.4.1.2 EU
3.4.1.3 APAC
3.4.1.4 LATAM
3.4.1.5 MEA
3.5 Cost structure analysis, 2016
3.6 Technology landscape
3.6.1 IoT
3.6.2 Global Navigation Satellite System (GNSS)
3.6.3 Business Management System (BMS)
3.6.4 Self-driving tractors
3.6.4.1 Other technologies installed in tractors
3.7 Regulatory landscape
3.7.1 North America
3.7.1.1 American Farm Bureau Federation
3.7.1.2 Federal Aviation Administration
3.7.2 Europe
3.7.2.1 European Union
3.7.2.2 The General Food Law Regulation (EC) 178/2002
3.7.2.3 The European Aviation Safety Agency (EASA)
3.7.2.4 CEMA (European Agricultural Machinery)
3.7.3 China
3.7.3.1 Food safety law
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 North America
3.8.1.1.1 High implementation of drones in agricultural applications
3.8.1.2 Europe
3.8.1.2.1 Increasing precision farming in Europe:
3.8.1.3 Asia Pacific
3.8.1.3.1 Focusing on improving productivity and increasing labor cost in Asia Pacific
3.8.1.4 Latin America
3.8.1.4.1 Increasing agricultural commodity exports in Latin America
3.8.1.5 MEA
3.8.1.5.1 Positive outlook for agriculture drones
3.8.2 Industry pitfalls & challenges
3.8.2.1 Prohibitive costs
3.8.2.2 Automation pushes unemployment
3.8.2.3 Less efficient technology along with lagging liability
3.9 Innovation & sustainability
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 Competitive landscape, 2016
3.12.1 Market share analysis
3.12.2 Strategy dashboard
3.13 PESTLE analysis
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Fully autonomous equipment will witness robust growth of over 40% up to 2024. Implementation of advanced systems such as GPS and precision farming, avoiding obstacles and offering remote monitoring of the devices will positive influence the product penetration. Partially autonomous equipment dominates the volume share owing to competitive price of products along with commercialization, particularly in developed economies.
UAV segment is projected to witness significant growth at over 35% up to 2024. The product is widely used for agricultural processes such as spraying pesticides and fertilizers. In addition, implementation of thermal imaging, and need to detect scarcity of crop supplements will influence the product landscape. Software compatibility of the devices with user friendly interface offers smooth functioning of product. Proliferating digitalization and superior precision will positively impact the autonomous farm equipment market share from 2017 to 2024.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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