Autonomous Farm Equipment Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region CLAAS KGaA mbH, DEUTZ-FAHR S.p.A., AGCO Corporation, Deere & Company, CNH Industrial N.V., Agrobot S.L.

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Autonomous Farm Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The autonomous farm equipment market size has grown strongly in recent years. It will grow from $75 billion in 2023 to $80.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to labor shortages, precision agriculture, environmental concerns.

The autonomous farm equipment market size is expected to see strong growth in the next few years. It will grow to $102.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to improved connectivity, data-driven farming, cost reduction, climate change mitigation, global food security, data-driven agriculture. Major trends in the forecast period include technological advancements, emerging startups and innovation, farm-as-a-service models, customization and adaptability, collaborative and autonomous swarming.

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Market Segmentation:
The main product types of autonomous farm equipment are tractors, harvesters, unmanned aerial vehicles (UAVs), and other product types. Harvesters refer to a machine for harvesting crops. The technologies used in autonomous farm equipment are partially autonomous and fully autonomous. The various applications involved are agriculture, horticulture, animal husbandry, forestry, and other applications.

Major Driver - Autonomous Tractors Transforming The Autonomous Farm Equipment Market
The increasing use of autonomous tractors is a key factor driving the growth of the autonomous farm equipment market. Autonomous tractors use several sophisticated systems and sensors which would possess an effective self-driving vehicle, and by incorporating these advanced systems into run-of-the-mill farming, farmers will experience positive technological effects in the workplace. Alternatively, autonomous tractors can be set up to function as mobile hotspots to collect data from sensors in the field. Also, about 34.5% of the global demand for autonomous farm machinery will retain the 31-100 HP output Asia-Pacific of farm tractors in 2026. Therefore, the demand for autonomous tractors is expected to drive the growth of the autonomous farm equipment market.

Competitive Landscape:
Major companies operating in the autonomous farm equipment market include CLAAS KGaA mbH, DEUTZ-FAHR S.p.A., AGCO Corporation, Deere & Company, CNH Industrial N.V., Agrobot S.L., Autonomous Tractor Corporation, Yanmar Co. Ltd., Iseki & Co. Ltd., Kubota Corporation, Bobcat Company, Agribotix LLC, Agricultural Solutions Ltd., Harvest Automation Inc., Mahindra & Mahindra Limited, Energid Technologies Corporation, Autonomous Solutions Inc., Agritronics Corporation, Kinze Manufacturing Inc., SDF S.p.A., Rowbot Systems LLC, Robotic Harvesting LLC, Jaybridge Robotics LLC, Agrobotics AutoProbe Inc., Naio Technologies, CNH Industrial America LLC, Ted Corporation, Dino Autonomous Robot Inc., Swift Navigation Inc.

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Top Trend - Ai Advancements In The Autonomous Farm Equipment Market
Companies in the autonomous farm equipment market are focusing on the use of artificial intelligence (AI) for the development of farm equipment. AI enables machines to do a variety of tasks without the assistance of humans. Machines are programmed to accomplish activities independently after being developed with high-level computing capability. For example, in February 2022, Verdant Robotics, a US based company that manufactures robotics systems, has expanded its robot-as-a-service (RaaS) model with autonomous farm robot including computer vision, artificial intelligence, robotics, GPS (global positioning system)-denied navigation, chemistry, and soil and plant sciences to achieve the next generation of crop production.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Autonomous Farm Equipment Market Characteristics
3. Autonomous Farm Equipment Market Trends And Strategies
4. Autonomous Farm Equipment Market - Macro Economic Scenario
5. Autonomous Farm Equipment Market Size And Growth
…..
27. Autonomous Farm Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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