Autonomous Farm Equipment - Global Strategic Business Report

Report
275 Pages
March 2024
Region: Global
Global Industry Analysts, Inc
ID: 4845745

The global market for Autonomous Farm Equipment is estimated at US$89.4 Billion in 2023 and is projected to reach US$231.8 Billion by 2030, growing at a CAGR of 12.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Partially Autonomous Farm Equipment segment, which is expected to reach US$142.1 Billion by 2030 with a CAGR of 11.4%. The Fully Autonomous Farm Equipment segment is also set to grow at 15% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $26.4 Billion in 2023, and China, forecasted to grow at an impressive 15.6% CAGR to reach $45.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Autonomous Farm Equipment Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Autonomous Farm Equipment Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Autonomous Farm Equipment Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as AGCO Corporation, CNH Industrial NV, CLAAS KGaA mbH, and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 66 Featured):

AGCO Corporation
CNH Industrial NV
CLAAS KGaA mbH
AGCO GmbH (Fendt)
Amazone-Werke H. Dreyer GmbH & Co. KG
AgEagle Aerial Systems, Inc.
Autonomous Solutions, Inc.
Autonomous Tractor Corporation
Bobcat Company
AgJunction, Inc.
AG Leader Technology
Agmechtronix
AutoNxt Automation Pvt. Ltd.
Agritronics
Bear Flag Robotics

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Autonomous Farm Equipment - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
An Introduction to Autonomous Farm Equipment
Types of Autonomous Farm Equipment
Benefits of Autonomous Machinery to Farmers
Global Market Prospects & Outlook
Autonomous Tractors to Experience High Growth
Developed Regions Lead, Developing Economies Poised for High Growth
Competition
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Growing Population & Rising Food Security Concerns Drive Demand for Autonomous Tractors
Long-term Focus on Feeding the World’s Expanding Population to Sustain the Growth of Mechanized Farm Equipment: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
Food Demand Growth Worldwide: Demand Growth in Million Tonnes for Select Foods for the Period 2008-2017 and 2018-2027
Climate Change Adds Fuel to the Already Burning Issue of Food Security
Increasing Mechanization of Agricultural Operations Boosts Autonomous Farm Equipment Market
Percentage of Mechanization in Agriculture in Select Countries
Declining Agricultural Land Productivity Sets the Stage for Transformation in Farming
Growing Investments in Smart Farming & Increased Use of IoT in Agriculture Preps the Market for Robust Growth
Rise of Smart Agriculture Sets the Stage for Adoption of Automated Farming Techniques: Global Smart Agriculture Market Worldwide (In US$ Billion) by Region/Country for the Years 2020 & 2027
Increased Deployment of IoT in Agriculture Strengthens the Business Case for Autonomous Farm Equipment: Global Agricultural IoT Market (In US$ Billion) for the Years 2020, 2023 & 2026
Innovation in Advanced Robotics Plays a Key Role in the Commercialization of Autonomous Farm Equipment
Continuous R&D in Robotics & the Ensuing Expansion of the Robotics Market Fuels Market for Agricultural Robotic Solutions: Global Market for Agricultural Robotics (In US$ Million) for the Years 2020, 2022 & 2024
Autonomous Robotics Find Growing Use in Farms
GPS Systems & Navigation Emerge to Be Indispensable in Autonomous Farm Equipment
ISOBUS ISO11783 Standard Streamlines Development of Smart Farming Equipment
Developments in Artificial Intelligence (AI), Machine Vision & Machine Learning Remain Critical to Commercialization & Growth
Emerging Opportunities for AI in Agriculture to Push Up the Innovation Index in the Market: Artificial Intelligence (AI) in Agriculture Worldwide (In US$ Million) for the Years 2019, 2022 and 2025
Rising Significance of Precision Agriculture: Potential Opportunities for Autonomous Farm Equipment
Global Precision Farming Market (in US$ Million) for the Years 2020, 2022, 2024 and 2026
Government Budgets for Autonomous Agricultural Technology in Support of Food Security Goals to Benefit Market Growth
Worsening Labor Shortages & Rising Labor Costs Drives Interest in Autonomous Equipment
Shrinking Labor for Agriculture Raises the Need for Automation: Percentage (%) of Agricultural Workers in the Global Workforce for the Years 1992, 2019 & 2022
Growing Farm Sizes and Increase in Corporate Farming Raises Importance of Autonomous Farm Equipment
Farm Consolidation & Increase in Average Size of Farm Pave the Way for the Deployment of Autonomous Farm Equipment: Percentage Breakdown of Farm Land by Size and Region
As a Bridge to Fully Autonomous Vehicles, Partially Autonomous Vehicles Enjoy Significant Market Dominance
Driverless Tractors: The Future of Farming on Large Farmlands
Efficiency and Productivity Benefits of Autonomous Tractors Translate into Better Crop Yields, Driving Market
Autonomous Vineyard Tractors to Provide Assistance to Growers
Increasing Need to Minimize Greenhouse Gas Emissions Fuel Demand for Sustainable Autonomous Tractors
Advances in Autonomous Tractor Technologies to Fuel Market Prospects
Agricultural Drones & Robots Emerge to Revolutionize Farming in the 21st Century
Expanding Applications of Commercial Drones Supported by Progressive Improvements in Functionality to Help Autonomous Farm Equipment Cross the Chasm Between Early Adoption to Mass Adoption: Global Commercial Drone Market (In US$ Billion) for the Years 2019, 2022 and 2024
Myriad Benefits Drive the Popularity of Automated Harvesters
Grain Loss During Harvesting Caused by Current Generation Machines Drives Demand for Smart Autonomous Harvesting Machines: Corn Head Kernel Loss While Harvesting With a Combine Harvester
Technological Advancements in Autonomous Technologies to Boost Market Prospects
Tractor Autopilot for Enhancing Farmer Productivity & Efficiency
Key Challenges Facing Autonomous Farm Equipment Market

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 2: World 7-Year Perspective for Autonomous Farm Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
Table 3: World Recent Past, Current & Future Analysis for Partially Autonomous by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 4: World 7-Year Perspective for Partially Autonomous by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
Table 5: World Recent Past, Current & Future Analysis for Fully Autonomous by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 6: World 7-Year Perspective for Fully Autonomous by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
Table 7: World Recent Past, Current & Future Analysis for Tractors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 8: World 7-Year Perspective for Tractors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
Table 9: World Recent Past, Current & Future Analysis for Harvesters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 10: World 7-Year Perspective for Harvesters by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
Table 11: World Recent Past, Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 12: World 7-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
Table 13: World Autonomous Farm Equipment Market Analysis of Annual Sales in US$ Million for Years 2020 through 2030

III. MARKET ANALYSIS

UNITED STATES

Autonomous Farm Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
Autonomous Farm Equipment Market in the US: An Overview
Driverless Tractors Poised for Growth in the Long Run
Table 14: USA Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 15: USA 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 16: USA Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 17: USA 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

CANADA

Table 18: Canada Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 19: Canada 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 20: Canada Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 21: Canada 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

JAPAN

Autonomous Farm Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
Market Overview
Table 22: Japan Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 23: Japan 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 24: Japan Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 25: Japan 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

CHINA

Autonomous Farm Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
Table 26: China Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 27: China 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 28: China Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 29: China 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

EUROPE

Autonomous Farm Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
Autonomous Tractors Market in Europe: Long-term Prospects Remain Positive
Table 30: Europe Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 31: Europe 7-Year Perspective for Autonomous Farm Equipment by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
Table 32: Europe Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 33: Europe 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 34: Europe Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 35: Europe 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

FRANCE

Autonomous Farm Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
Table 36: France Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 37: France 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 38: France Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 39: France 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

GERMANY

Autonomous Farm Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
Table 40: Germany Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 41: Germany 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 42: Germany Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 43: Germany 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

ITALY

Table 44: Italy Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 45: Italy 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 46: Italy Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 47: Italy 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

UNITED KINGDOM

Autonomous Farm Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
Table 48: UK Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 49: UK 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 50: UK Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 51: UK 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

REST OF EUROPE

Table 52: Rest of Europe Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 53: Rest of Europe 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 54: Rest of Europe Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 55: Rest of Europe 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

ASIA-PACIFIC

Autonomous Farm Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
India Jumps on the Autonomous Tractors Bandwagon
Government Initiatives to Benefit Market
Table 56: Asia-Pacific Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 57: Asia-Pacific 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 58: Asia-Pacific Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 59: Asia-Pacific 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

REST OF WORLD

Table 60: Rest of World Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Type - Partially Autonomous and Fully Autonomous - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 61: Rest of World 7-Year Perspective for Autonomous Farm Equipment by Type - Percentage Breakdown of Value Sales for Partially Autonomous and Fully Autonomous for the Years 2024 & 2030
Table 62: Rest of World Recent Past, Current & Future Analysis for Autonomous Farm Equipment by Product Type - Tractors, Harvesters and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
Table 63: Rest of World 7-Year Perspective for Autonomous Farm Equipment by Product Type - Percentage Breakdown of Value Sales for Tractors, Harvesters and Other Product Types for the Years 2024 & 2030

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

AGCO Corporation
CNH Industrial NV
CLAAS KGaA mbH
AGCO GmbH (Fendt)
Amazone-Werke H. Dreyer GmbH & Co. KG
AgEagle Aerial Systems, Inc.
Autonomous Solutions, Inc.
Autonomous Tractor Corporation
Bobcat Company
AgJunction, Inc.
AG Leader Technology
Agmechtronix
AutoNxt Automation Pvt. Ltd.
Agritronics
Bear Flag Robotics

Table Information

Report Attribute	Details
No. of Pages	275
Published	March 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 89.4 Billion
Forecasted Market Value ( USD ) by 2030	$ 231.8 Billion
Compound Annual Growth Rate	12.7%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 66 Featured):

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Table of Contents

Companies Mentioned (Partial List)

Table Information

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