Autonomous Farm Equipment Market to exceed US$ 180Bn by 2024| Global Key Players - John Deere, Case IH, AGCO, Agribotix, Agricultural Solutions, Agrobot, Autonomous Tractor Corporation, Harvest Automation, Mahindra, CLAAS, DEUTZ-FAHR

Market Overview:-

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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As automation pervades lucrative verticals, the agriculture domain, not to be obliterated, has also joined the list. Autonomous farm equipment market, in this regard, may be considered as one of the many pivotal sub-spheres of the tech-based agriculture sector, that has been gaining mass momentum in recent times. With the influx of highly advanced tech discoveries and the shifting trends toward the deployment of robotics owing to labor shortage, the utilization of self-operating agro-based components is on a rise, thereby impelling autonomous farm equipment market share.

Top Key Players:-     

The key players of global 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:-

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.

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.

With automated devices garnering momentum in India, it has also been projected that the region would be a major revenue contributor toward APAC autonomous farm equipment industry. Given that the continent in itself is a hub of major agro-based emerging economies, it remains quite unarguable that Asia Pacific would be one of the key regional autonomous farm equipment markets in the years to come. Led by India, Japan, China, Australia, and South Korea, APAC autonomous farm equipment industry share has been projected to register a CAGR of 25% over 2017-2024.

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Major Points of Table Of Content:-

Chapter 1   Methodology & Scope

1.1    Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry Insights and validation

1.1.4    Definitions, assumptions & forecast parameters

1.1.4.1    Definitions:

1.1.4.2    Assumptions & forecast parameters

1.2    Data sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Executive Summary

2.1    Autonomous farm equipment industry 3600 synopsis, 2013 - 2024

2.1.1    Business trends

2.1.2    Operation trends

2.1.3    Product trends

2.1.4    Technology trends

2.1.5    Regional trends

Chapter 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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Having documented a long-standing history of being an agro-based economy, India is touted to emerge as one of the pivotal regional autonomous farm equipment markets. Even as on 2017, more than 50% of the of the Indian populace is inherently dependent on agriculture and related activities for sustenance. However, more than 80% of Indian farmers own farmland lesser than two hectares, and have a rather small, bifurcated sense of ownership in India’s huge agriculture sector. Amidst this massive fragmentation, it goes without saying that the country’s farming activities stay put, owing to the lack of high yielding fertilizers and seeds and the inadequacy of modern production and processing methodologies. This in consequence, has led to India evolving as a rather lucrative ground for the development of autonomous farm equipment market.

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