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Autonomous Farm Equipment Market generating high growth demands by 2023 - Agricultural Solutions Ltd, Agribotix LLC, Yantra Harvest Automation School, John Deere, Deutz-Fahr, Claas, Autonomous Tractor Corporation, Case IH and Mahindra & Mahindra
Autonomous Farm Equipment Market
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Regional Outlook and Trend Analysis:
North America commands the autonomous farm equipment market representing over USD 26 billion in 2016. The high revenue generation can be ascribed to existence of different industry players over the locale. High use of the tractors and consolidate harvesters with autosteering abilities in the region will additionally upgrade the business development.
Competitive Insights
The leading players in the market are Agricultural Solutions Ltd, Agribotix LLC, Yantra Harvest Automation School, John Deere, Deutz-Fahr, Claas, Autonomous Tractor Corporation, Case IH and Mahindra & Mahindra. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Market Status:
The Autonomous Farm Equipment Market has witnessed significant development in the recent years and is foreseen to grow tremendously over the forecast period. Expanding shortage of labour alongside switching patterns towards the usage of autonomous equipment is among the key variables driving the autonomous farm equipment market. Improvement of autosteering systems in tractors offering higher profitability will additionally help the business development. Development in new businesses concentrating significantly on the usage of robotics in agriculture due to expanding efficiency and diminishment in operation cost. Rising adoption of farm machinery guidance systems in UAV, tractors and harvesters will essentially drive the business development. Industry players are constantly focussed on expanding the penetration of tractors with autosteering applications.
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Operation Outlook and Trend Analysis
Fully autonomous will reflect a solid development in the following years. Usage of precision farming system offering the vehicle to drive individually on its own averting obstacles and different vehicles without supervision of the driver will support the autonomous farm equipment market demand. Partially autonomous contribute the main volume share of the business inferable from execution of the frameworks at competitive costs and commercialization of the products.
Product Outlook and Trend Analysis
Tractors catch the main income share and are foreseen to proceed with its strength over the estimate course of events attributable to its wide utilization in agricultural segment. Consistent working capacity of these vehicles with higher ROI variables will emphatically impact the autonomous farm equipment market penetration.
Market Segmentation
By Operation:
Fully autonomous
Partially autonomous
By Product:
Tractor
UAV
Harvesters
By Technology:
Software
Hardware
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Technology Outlook and Trend Analysis
Consistent improvement in the software boosting the accuracy of the product will additionally bolster the autonomous farm equipment industry growth. Hardware rules the general autonomous farm equipment market income share, representing around 95% due to expanding advancement of the product. Likewise, simple activity of the device for different agricultural process requiring higher limit will emphatically impact the product penetration.
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
6. Autonomous Farm Equipment Market, By Product
6.1. Introduction
6.2. Global Autonomous Farm Equipment Sales, Revenue and Market Share by Product (2014-2017)
6.2.1. Global Autonomous Farm Equipment Sales and Sales Share by Product (2014-2017)
6.2.2. Global Autonomous Farm Equipment Revenue and Revenue Share by Product (2014-2017)
6.3. Autonomous Farm Equipment Market Assessment and Forecast, By Product, 2014-2023
6.4. Tractors
6.4.1. Global Tractors Sales and Growth Rate (2014-2018)
6.5. Harvesters
6.5.1. Global Harvesters Sales and Growth Rate (2014-2018)
6.6. UAV
6.6.1. Global UAV Sales and Growth Rate (2014-2018)
7. Autonomous Farm Equipment Market, By Technology
7.1. Introduction
7.2. Global Autonomous Farm Equipment Sales, Revenue and Market Share by Technology (2014-2017)
7.2.1. Global Autonomous Farm Equipment Sales and Sales Share by Technology (2014-2017)
7.2.2. Global Autonomous Farm Equipment Revenue and Revenue Share by Technology (2014-2017)
7.3. Autonomous Farm Equipment Market Assessment and Forecast, By Technology, 2014-2023($Billion)
7.4. Software
7.4.1. Global Software Sales and Growth Rate (2014-2018)
7.5. Hardware
7.5.1. Global Hardware Sales and Growth Rate (2014-2018)
....CONTINUED FOR TOC
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
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