Autonomous Farm Equipment Market Trends, Comprehensive Research Study, Status, and Future 2022 to 2028 | Bobcat (a Doosan company), Kubota, ClaasKGaA GmbH, Deutz-Fahr

Autonomous Farm Equipment Market is valued at USD 62.89 Billion in 2020 and is expected to reach USD 155.31 Billion by 2027 With a CAGR of 13.7% Over the Forecast Period. Increasing investment in the agriculture sector, rising use of autonomous tractors, and recent developments regarding autonomous farm equipment is the major factor driving the growth of Global Autonomous Farm Equipment Market

Autonomous Farm Equipment Top Companies:

Bobcat (a Doosan company)
Kubota
ClaasKGaA GmbH
Deutz-Fahr
Yanmar
Iseki & Co.
AGCO Corporation
John Deere
Mahindra
Case IH
Rowbot
clearpath robotic
New Holland

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Autonomous farm equipment means the use of advanced technology systems and sensors in agriculture industries. Autonomous farm equipment is used in planting, spraying, and harvesting. Numbers of automated equipment are used in farming like agriculture sprayer, trolley pump, combine harvester, cultivator, roto seed drill, rotary tiller, etc. For example; with the help of automated sprayers, farmers easily spray insecticides on crops. Also, autonomous farm equipment provides several advantages as compared to manual equipment like fast and precise operation, time-saving, safety to the operator, reducing cost in yielding, crop monitoring and field & soil analysis. Through the use of automated equipment, farmers can improve productivity with less investment of time.

Autonomous Farm Equipment Market Segmentation:

By Product:

Tractor
Harvester
Tiller
Seed drill
other

By Capacity:

Up to 30 HP
31-100 HP
Above 101 HP

By Application:

Fully autonomous
Partially autonomous

The Covid-19 pandemic has increased the demand for autonomous farm equipment. In the Covid-19 pandemic, agriculture is one of the growing sectors across the world, and demand for farm equipment is increasing. Also, in the lockdown period, there was a shortage of labor. Hence, due to the shortage of labor, farmers shifted towards automated farm equipment especially in the developed and developing economies of the world. Therefore, there was a positive impact of Covid-19 and lockdown on the autonomous farm equipment market. However, the pandemic situation impacted the manufacturing process of autonomous farm equipment at some level due to a shortage of raw materials, workers, and other accessories.

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The regions covered in global autonomous farm equipment market report are North America, Europe, Asia-Pacific, and the Rest of the World. Based on a country level, the market of global autonomous farm equipment is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

News: Kubota Launched Self-Driving Rice Planting Machine

On October 19th, 2020; Kubota Corp. launched a self-driving rice planting machine. Kubota is the one of the key players of the autonomous farm equipment market. Kubota provides automated agricultural solutions to the farmer. The rice planting machine creates a map of the rice field using GPS then driven by a human around the perimeter of the field. After, machine calculates its rice-planting direction based on the map and robotically plant rice seedlings. The advantage of the planting machine is the driver is not required for operating this machine. The automated rice-planting machine reduces the labor cost. One of the persons monitoring the machine can also refill it with seeding.

Increasing Investment in Agriculture Sector, and Recent Developments Regarding Autonomous Farm Equipment are the Factors Driving the Market Growth

One of the major factors driving the growth of global autonomous farm equipment market is increasing investment in agriculture sector. The agriculture sector is one of the most important industries in the world economy. Use of autonomous farm equipment is widely increasing across the agriculture industries owing to the various factors such as time saving, safety and labor costing. For instance; according to the India brand equity foundation; about 58% of population is based on agriculture and according USDA report, 19% farmer use automated farm equipment. And this helps to drive the autonomous farm equipment market. In addition, rising use of autonomous tractors is also supplementing the market growth. Autonomous tractors utilize various refined frameworks and sensors which would have a successful self-driving vehicle, and by fusing these advanced systems in all around ordinary cultivating, farmers will experience positive innovative impact in the working environment. On the other hand, autonomous tractors can be set up to work as mobile hotspots to gather information from sensors in the field.

Hence, the interest for autonomous tractors is relied upon to drive the development of the autonomous farm equipment market.

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