Press release
Autonomous Farm Equipment Market 2020 Share, Size, Growth, Trend, Top Manufacturer and Future Insights
The Business Research Company
The global autonomous farm equipment market is expected to decline from $72.76 billion in 2019 to $66.98 billion in 2020 at a compound annual growth rate (CAGR) of -7.94%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $102.12 billion in 2023 at a CAGR of 15.09%.
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The autonomous farm equipment market consists of sales of autonomous farm equipment and related services for agriculture, horticulture, animal husbandry, and forestry. Within a unified framework, autonomous farming is the modeling and regulation of agricultural machinery. These farming technologies use the on-farm sensing and control power of automated farming equipment to reach agronomy-based targets.
The increasing use of autonomous tractors is a key factor driving the growth of the autonomous farm equipment market. Autonomous tractors use a number of sophisticated systems and sensors which would possess an effective self-driving vehicle, and by incorporating these advanced systems in run-of-the-mill farming, farmers will experience positive technological effect in the workplace.
Autonomous Farm Equipment Market Segmentation:
By Product Type
1. Tractors
2. Harvesters
3. Unmanned Aerial Vehicles (UAVs)
4. Others
By Technology
1. Partially Autonomous
2. Fully Autonomous
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Few Points From Table Of Content
1. Executive Summary
2. Autonomous Farm Equipment Market Characteristics
3. Autonomous Farm Equipment Market Size And Growth
4. Autonomous Farm Equipment Market Segmentation
5. Autonomous Farm Equipment Market Regional And Country Analysis
……
25. Autonomous Farm Equipment Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Autonomous Farm Equipment Market
27. Autonomous Farm Equipment Market Trends And Strategies
28. Autonomous Farm Equipment Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the autonomous farm equipment market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the autonomous farm equipment market are RowBot Systems LLC, Robotic Harvesting LLC, Jaybridge Robotics, Agrobotics AutoProbe, Naio Technologies, New Holland Agriculture, CNH Industrial N.V.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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