Autonomous Farm Equipment Market By Type (Partially Autonomous, Fully Autonomous), By Product (Tractors, Harvesters) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

08 Oct 2017 Format PDF icon PPT icon XLS icon Request Sample

Autonomous farm equipment can be defined as the equipment which do not require any human operator to be onboard the machine to operate it. The farm equipment can be partial autonomous or fully autonomous which offer much more features than the conventional auto-steer systems. Autonomous farm equipment aid the cultivators to perform better job and increase their productivity. The autonomous equipment offers a complete solution to issues such as limited working hours, manual labor, detection of mechanical or operational failure and optimum handling of operations with very limited supervision from a human operator. All the aforementioned factors help in reducing a lot of time and cost involved with the conventional farm equipment thus, making autonomous farm equipment a better choice for farming operations.

Autonomous farm equipment is one of the most anticipated technology in the field of mechanized farming. The technology has been evolving continuously and manufacturers are engaged in introducing new and improved versions of the autonomous equipment. The use of advanced electronics, robotics and satellite location systems for guidance and navigation has enhanced the capabilities of modern day farm equipment. This allows the operator to perform tasks related to the field without actually boarding the equipment or even stay present at the farm. Factors such as high cost of autonomous systems, lack of awareness accompanied with higher availability of cheap labor in the developing regions of Asia Pacific and Latin America pose hindrances in the blooming of the overall autonomous farm equipment. However, with declining costs of electronic systems and efforts taken by the manufacturers to spread awareness among consumers are expected to aid in overcoming the aforementioned issues during the forecast period of 2017 to 2025.

The report titled “Autonomous Farm Equipment Market- Growth, Future Prospects and Competitive Landscape, 2017-2025” offers strategic insights into the global autonomous farm equipment market with a focus on the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on type, product and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016-2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading autonomous farm equipment companies, their strategies, market positioning and key developments. Some of the major players profiled in the report include Agrobot, Energid, Clearpath Robotics, Autonomous Solutions, Wageningen UR, Agritronics, Kinze Manufacturing, Amazone-Bosch, AGCO Fendt, Rowbot, Robotic Harvesting, Jaybridge Robotics, Autonomous Tractor, Agrobotics AutoProbe and Naio Technologies.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the autonomous farm equipment.
  • Market fuelers, market impediments, and their impact on the market growth
  • Market inclination insights and key trend analysis for autonomous farm equipment market
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)

Overall, the research study provides a holistic view of the global autonomous farm equipment market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

Autonomous tractors are one of the first introduced autonomous farm equipment and attributed to the largest share in the overall market segmented by product in 2016. Leading autonomous companies such as Agrobot, Agritronics and Autonomous Solutions, among others offers a range of autonomous tractors equipped with ultramodern robotics and state of the art GPS navigation systems. The manufacturers are involved in the continuous process of improvement in the autonomous tractors. Consequently, due to the features and utility offered by autonomous tractors, their demand is expected to rise consistently in the following years.

Autonomous harvesters trailed the autonomous tractors in the overall autonomous farm equipment market, as of 2016. Autonomous harvesters are very useful for the tedious work of harvesting with minimum human supervision. They also cover a larger area in less time compared to conventional harvesters. With consistent development and rising demand, the autonomous harvesters segment is poised to witness positive growth throughout the forecast period of 2017 to 2025.

At present, partially autonomous farm equipment dominated the overall autonomous farm equipment market with a significant market share of more than 75%. With rise in the need of autonomous equipment and to speed up farming activities with minimum human intervention, the demand of partially autonomous farm equipment is growing at a consistent rate. Big farm owners and cultivators have been adopting partially autonomous farm equipment to reduce their human labor and working hours. Owing to the features offered by partially autonomous farm equipment, the segment is expected to maintain its dominance throughout the forecast period from 2017-2025.

Fully autonomous farm equipment are still in their nascent stages and contributed minimally in the overall autonomous farm equipment market in 2016. With rise in the need for fully autonomous farm equipment, there has been a rise in investments towards deployment of completely independent equipment in the near future. Farm equipment companies, autonomous equipment manufacturers and robotics experts are all contributing their combined efforts to develop the most sophisticated and efficient autonomous farm equipment. Despite the research, investments and efforts taken to develop the technology, fully autonomous farm equipment is not expected to surpass partial autonomous farm equipment through the forecast period.As of 2016, North America dominated the overall autonomous farm equipment market in terms of revenue. Numerous companies, especially in the U.S., are committed to developing the autonomous farm equipment. In addition, government agencies are involved in encouraging the use of advanced technology for agriculture in order to increase the productivity. Technological awareness and need for better cultivation are few of the many drivers promoting the autonomous farm equipment in this region.

Europe trailed North America, in terms of revenue, in the overall autonomous farm equipment market in 2016. Vast cultivation and agricultural fields and limited human labor have compelled the nations in this region to adopt autonomous farm equipment for agricultural activities. Factors such as lack of technological awareness and availability of cheap labor in the Asia Pacific and Latin America regions have resulted in the lower adoption of autonomous farm equipment in these regions.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Autonomous Farm Equipment market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Autonomous Farm Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Research Period  2021-2031
Base Year 2022
Forecast Period  2023-2031
Historical Year  2021
Unit  USD Million
  • Partially Autonomous
  • Fully Autonomous

  • Tractors
  • Harvesters
  • Others

 Region Segment (2021–2031; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Autonomous Farm Equipment market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2031.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Autonomous Farm Equipment market?
  • Which is the largest regional market for Autonomous Farm Equipment market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Autonomous Farm Equipment market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Autonomous Farm Equipment market worldwide?
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