Autonomous Farm Equipment Market by Offering, Product (Tractor, Harvesting Equipment, Irrigation Equipment, Livestock Equipment), Technology (IoT, GPS), Automation Type, Application (Farming, Livestock), & Geography

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Global Autonomous Farm Equipment Market by Offering, Product (Tractor, Harvesting Equipment, Irrigation Equipment, Livestock Equipment), Technology (IoT, GPS), Automation Type, Application (Farming, Livestock), & Geography-Forecast to 2031

The research report titled, 'Global Autonomous Farm Equipment Market by Offering, Product (Tractor, Harvesting Equipment, Irrigation Equipment, Livestock Equipment), Technology (IoT, GPS), Automation Type, Application (Farming, Livestock), & Geography-Forecast to 2031', provides in-depth analysis of autonomous farm equipment market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The autonomous farm equipment market is projected to reach $112.8 billion by 2031, at a CAGR of 9.4% during the forecast period. The growth of the autonomous farm equipment market is attributed to advancements in farm equipment technology, rising population and growing demand for high-quality agriculture products, and increasing government initiatives supporting the agriculture sector. However, the high costs of implementing advanced agricultural equipment restrain the market's growth.

Moreover, the growing adoption of precision farming techniques and increasing integration of AI into agriculture equipment offer significant opportunities for the growth of the autonomous farm equipment market. However, a lack of technical knowledge among farmers and data privacy concerns may hinder the market's growth.

The autonomous farm equipment market is segmented by offering, product, technology, automation type, and application. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on offering, the autonomous farm equipment market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of above 67.0% of the autonomous farm equipment market. The large market share of this segment is attributed to the increasing adoption of livestock management equipment, rapid automation of agricultural processes, growing population, increasing labor cost, and increasing need to improve production yield. Moreover, the segment is also projected to register the highest CAGR during the forecast period.

Based on product, the autonomous farm equipment market is segmented into tractors, harvesting equipment, irrigation equipment, fertilizing equipment, livestock equipment, haying & forage equipment, spraying equipment, and other products. In 2024, the tractor segment is expected to account for the largest share of 44.0% of the autonomous farm equipment market. The large market share of this segment is attributed to the increasing sales of tractors by key players, labor shortage, lower production costs, and increasing automation in the agriculture sector. Moreover, the segment is also projected to register the highest CAGR during the forecast period.

Based on technology, the autonomous farm equipment market is segmented into remote sensing, GPS, IoT, AI/ML, computer vision, and other technologies. In 2024, the remote sensing segment is expected to account for the largest share of above 38.0% of the autonomous farm equipment market. The large market share of this segment is attributed to the reduction in the prices of sensors, rapid automation of agricultural processes, and increasing government spending promoting farm automation systems.

However, the AI / ML segment is projected to register the highest CAGR during the forecast period. The growth of the segment is attributed to the growing acceptance of the adoption of artificial intelligence and machine learning technologies in the agriculture sector and the increasing integration of AI/ML in farm equipment by key players.

Based on automation type, the autonomous farm equipment market is segmented into fully autonomous and partially autonomous. In 2024, the partially autonomous segment is expected to account for the larger share of above 64.0% of the autonomous farm equipment market. The large market share of this segment is attributed to the lower production costs and increasing use of semi-autonomous equipment to increase productivity.

However, the fully autonomous segment is projected to register the highest CAGR during the forecast period. The growth of the segment is attributed to the rapid adoption of technology such as digitalization, automation, and artificial intelligence and increasing pay of labor and shortage of labor.

Based on application, the autonomous farm equipment market is segmented into farming and livestock. In 2024, the farming segment is expected to account for the larger share of above 59.0% of the autonomous farm equipment market. The large market share of this segment is attributed to the increasing population growth, rising labor costs, and increasing need to improve the quality and productivity of yield. Moreover, the segment is also projected to register the highest CAGR during the forecast period.

Based on geography, the autonomous farm equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Europe is expected to account for the largest share of above 38.0% of the autonomous farm equipment market. Factors such as innovation in the European agri-tech industry, rising pressure on the food supply chain, rising adoption of precision farming, and government initiatives in the region to increase the implementation of advanced technology in agriculture are expected to drive the growth of the autonomous farm equipment market in this region.

However, the Asia-Pacific region is projected to register the highest CAGR of 11.3% during the forecast period. The growth of this region is attributed to the increasing adoption of smart devices for agriculture, rising demand for enhanced food quality, growing government initiatives for the adoption of precision farming, and the growing number of start-ups in the region.

The key players operating in the autonomous farm equipment market are Deere & Company (U.S.), Yanmar Holdings Co., Ltd. (Japan), Naio Technologies (France), Clearpath Robotics Inc. (U.S.), Agrobot (Spain), CNH Industrial N.V. (U.K.), KUBOTA Corporation (Japan), GEA Group Aktiengesellschaft (Germany), Lely (Netherlands), Robert Bosch GmbH (Germany), AGCO Corporation (U.S.), American Robotics, Inc. (U.S.), DJI (China), Ecorobotix SA (Switzerland), Mahindra & Mahindra Ltd. (India), and Harvest Automation (U.S.).

Key questions answered in the report:

What are the high-growth market segments in terms of offering, product, technology, automation type, application, and geography?
What is the historical market for autonomous farm equipment?
What are the market forecasts and estimates for the period 2024-2031?
What are the major drivers, restraints, and opportunities in the autonomous farm equipment market?
Who are the major players in the autonomous farm equipment market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the autonomous farm equipment market?
How do major players adopt the different strategies in this market?
What are the geographic trends and high-growth regions in the market?
Who are the emerging players in the autonomous farm equipment market, and how do they compete with the other players?

Scope of the report:

Autonomous Farm Equipment Market Assessment-by Offering

Hardware
Software
Services

Autonomous Farm Equipment Market Assessment-by Product

Tractor
Harvesting Equipment
Irrigation Equipment
Fertilizing Equipment
Livestock Equipment
Haying & Forage Equipment
Spraying Equipment
Other Products

Autonomous Farm Equipment Market Assessment-by Technology

Remote Sensing
GPS
IoT
AI / ML
Computer Vision
Other Technologies

Autonomous Farm Equipment Market Assessment-by Automation Type

Fully Autonomous
Partially Autonomous

Autonomous Farm Equipment Market Assessment-by Application

Farming
- Crop Monitoring
- Harvesting & Picking
- Irrigation Management
- Crop Spraying
- Seed Planting
- Fertilization
- Other Farming Applications
Livestock
- Milking
- Feeding
- Livestock Management
- Other Livestock Applications

Autonomous Farm Equipment Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- Rest of Asia-Pacific
Latin America
Middle East & Africa

Product Code: MRAGR - 1041072

1. Introduction

1.1. Market Definition & Scope
1.2. Currency & Limitations
- 1.2.1. Currency
- 1.2.2. Limitations

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1. Technological Advancement in Farm Equipment
  - 4.2.1.2. Rising Population and Growing Demand for High-quality Agriculture Products
  - 4.2.1.3. Increasing Government Initiatives Supporting The Agriculture Sector
- 4.2.2. Restraints
  - 4.2.2.1. High Costs of Implementing Advanced Agricultural Equipment
- 4.2.3. Opportunities
  - 4.2.3.1. Growing Adoption of Precision Farming Techniques
  - 4.2.3.2. Increasing Integration of AI into Agriculture Equipment
- 4.2.4. Challenges
  - 4.2.4.1. Lack Of Technical Knowledge Among Farmers
  - 4.2.4.2. Data Privacy Concerns
4.3. Market Trends
4.4. Case Studies
4.5. Vendor Selection Criteria/Factors Affecting Buying Decision

5. Global Autonomous Farm Equipment Market Assessment-by Offering

5.1. Overview
5.2. Hardware
5.3. Software
5.4. Services

6. Global Autonomous Farm Equipment Market Assessment-by Product

6.1. Overview
6.2. Tractor
6.3. Harvesting Equipment
6.4. Irrigation Equipment
6.5. Fertilizing Equipment
6.6. Livestock Equipment
6.7. Haying & Forage Equipment
6.8. Spraying Equipment
6.9. Other Products

7. Global Autonomous Farm Equipment Market Assessment-by Technology

7.1. Overview
7.2. Remote Sensing
7.3. GPS
7.4. IoT
7.5. AI/ML
7.6. Computer Vision
7.7. Other Technologies

8. Global Autonomous Farm Equipment Market Assessment-by Automation Type

8.1. Overview
8.2. Fully Autonomous
8.3. Partially Autonomous

9. Global Autonomous Farm Equipment Market Assessment-by Application

9.1. Overview
9.2. Farming
- 9.2.1. Crop Monitoring
- 9.2.2. Harvesting & Picking
- 9.2.3. Irrigation Management
- 9.2.4. Crop Spraying
- 9.2.5. Seed Planting
- 9.2.6. Fertilization
- 9.2.7. Weeding
- 9.2.8. Other Farming Applications
9.3. Livestock
- 9.3.1. Milking
- 9.3.2. Feeding
- 9.3.3. Livestock Management
- 9.3.4. Other Livestock Applications

10. Autonomous Farm Equipment Market Assessment-by Geography

10.1. Overview
10.2. North America
- 10.2.1. U.S.
- 10.2.2. Canada
10.3. Europe
- 10.3.1. Germany
- 10.3.2. U.K.
- 10.3.3. France
- 10.3.4. Italy
- 10.3.5. Spain
- 10.3.6. Rest of Europe
10.4. Asia-Pacific
- 10.4.1. Japan
- 10.4.2. China
- 10.4.3. India
- 10.4.4. Australia & New Zealand
- 10.4.5. Rest of Asia-Pacific
10.5. Latin America
10.6. Middle East & Africa

11. Competition Analysis

11.1. Overview
11.2. Key Growth Strategies
11.3. Competitive Benchmarking
11.4. Competitive Dashboard
- 11.4.1. Industry Leaders
- 11.4.2. Market Differentiators
- 11.4.3. Vanguards
- 11.4.4. Emerging Companies
11.5. Market Share Analysis

12. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

12.1. Deere & Company
12.2. Yanmar Holdings Co., Ltd.
12.3. Naio Technologies
12.4. Clearpath Robotics Inc.
12.5. Agrobot
12.6. CNH Industrial N.V.
12.7. KUBOTA Corporation
12.8. GEA Group Aktiengesellschaft
12.9. Lely
12.10. Robert Bosch GmbH
12.11. AGCO Corporation
12.12. American Robotics, Inc.
12.13. DJI
12.14. Ecorobotix SA
12.15. Mahindra & Mahindra Ltd.
12.16 Harvest Automation

(Note: SWOT Analysis of Top 5 Companies Will Be Provided)

13. Appendix

13.1. Available Customization
13.2. Related Reports