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Autonomous Farm Equipment Market 2018-2024 | Case IH, Agribotix, Agrobot, AGCO, John Deere, Harvest Automation, Autonomous Tractor Corporation, CLAAS and Mahindra
Autonomous Farm Equipment Market
Autonomous Farm Equipment Market for 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.
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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.
Industry Growth drivers:
1 North America
High implementation of drones in agricultural applications
2 Europe
Increasing precision farming in Europe:
3 Asia Pacific
Focusing on improving productivity and increasing labor cost in Asia Pacific
4 Latin America
Increasing agricultural commodity exports in Latin America
5 MEA
Positive outlook for agriculture drones
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Tractors segment dominated the autonomous farm equipment market share accounting over 60% in 2016. Superior efficiency of the product owing to implementation of self-steering system will drive the business demand. Harvesters is poised to witness significant growth during the forecast timeframe. Avoiding path overlap, optimum path selection along with availability of product at competitive price will further drive the autonomous farm equipment market growth.
Top Key Players:-
The key players of global Autonomous Farm Equipment Market are 3 D Robotics, AGCO, Agribotix, ADAMA Agricultural Solution Ltd, Agri-Tronix Corporation, Agrobot, Agrobotics, Amazonen-Werke H. Dreyer Gmbh & Co. Kg, Autonomous Solutions, Autonomous Tractor Corporation, Case IH, Clearpath Robotics, Deutz-Fahr, Energid, Jaybridge Robotics, John Deere, Kinze Manufacturing, Kubota, Mahindra, Naio Technologies, Harvest Automation, Rowbot, Yanmar Co. Ltd.
Regional Segmentations:-
North America autonomous farm equipment market size is anticipated to dominate in 2016 owing strong presence of well-established industry players in the region. High revenue generation can be attributed to surging demand of products such as tractors, UAV and harvesters installed with autosteering functions.
Europe autonomous farm equipment market is estimated to depict significant growth up to 2024. Product usage offers better fuel efficiency and superior productivity that will propel the business growth. Asia pacific, led by China, South Korea, Australia and Japan is anticipated to witness strong growth over 25% up to 2024. Shifting trend towards smart devices owing to development of agrarian economies such as India in the region, will positively influence the product penetration.
Fully autonomous segment will depict strong growth of over 40% over the forecast timeline. Implementation of systems such as precision farming and GPS, offering remote monitoring of the devices and avoiding obstacles will further support the industry demand.
Partially autonomous contribute majorly in volume share owing to increasing commercialization along with availability of product at competitive prices. Industry players are focusing on sale of the equipment particularly in emerging countries due to the presence of vast untapped market.
Browse key industry insights spread across 256 pages with 352 market data tables & 16 figures & charts from the report in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/autonomous-farm-equipment-market
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