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Autonomous Farm Equipment - Market Analysis, Trends, and Forecasts

  • ID: 4845745
  • Report
  • October 2019
  • Region: Global
  • 227 pages
  • Global Industry Analysts, Inc
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The Autonomous Farm Equipment market worldwide is projected to grow by US$75.2 Billion, driven by a compounded growth of 13.3%. Partially Autonomous, one of the segments analyzed and sized in this study, displays the potential to grow at over 12.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$86.4 Billion by the year 2025, Partially Autonomous will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 13.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$3 Billion to the region's size and clout in the next 5 to 6 years. Over US$5.2 Billion worth of projected demand in the region will come from the rest of the European markets. In Japan, Partially Autonomous will reach a market size of US$4.8 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 16.7% over the next couple of years and add approximately US$14.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:
  • AGCO Corporation
  • Bobcat Company
  • Claas KGaA mbH
  • CNH Industrial N.V.
  • Iseki & Co., Ltd.
  • John Deere
  • Kubota Corporation
  • SDF S.p.A.
  • YANMAR Co., Ltd.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Growing Population & Food Security Concerns, the Foundation for the Growth of Agricultural Equipment

Long Term Focus on Feeding the World as Population Touches a Projected 9.2 Billion by 2045 to Sustain the Growth of Mechanized Farm Equipment: Global Population(in 000s) by Region for the Years 2018, 2025, 2035 & 2045

Climate Change Adds Fuel to the Already Burning Issue of Food Security

The World of Change Characterized by Rising Surface Temperatures on Earth & its Negative Impact on Agriculture Increases the Reliance on Advanced FarmingSystems & Technologies to Sustain Crop Production: Average Global Surface Temperature (In Degrees Fahrenheit) for the Years 1940, 2000 and 2020

What this Means for Autonomous Farm Equipment?

Global Competitor Market Shares

Autonomous Farm Equipment Competitor Market Share Scenario Worldwide (in %): 2022E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Declining Agricultural Land Productivity Sets the Stage for Transformation in Farming

Loss of Arable Land Exerts Immense Pressure on Yields Per Acre: Global Availability of Arable Land as a % of Total Land Area & Hectares Per Person for the Years 1990, 2000, 2018 and 2020

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 Technologies: Global Smart Agriculture Market Worldwide (In US$ Billion) for the Years 2019 & 2024

Increased Deployment of IoT in Agriculture Strengthens the Business Case for Autonomous Farm Equipment: Global Agricultural IoT Market (In US$ Billion) for the Years 2019 & 2024

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 Bodes Keeps the Innovation Wheel Well Oiled for Agricultural Robotic Solutions: Global Market for Robotics (In US$ Billion) for the Years 2019 & 2024

GPS Systems & Navigation Emerge to Be Indispensable in Autonomous Farm Equipment

Technology Penetration of High-Precision GPS Vital in Making Autonomous Vehicles a Reality: Global Positioning Systems (GPS) Market Worldwide (In US$ Billion) for the Years 2019, 2022 and 2025

Developments in Artificial Intelligence (AI), Machine Vision & Machine Learning Remain Critical to Commercialization & Growth

Opening Up of 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

Robust Government Budgets for Autonomous Agricultural Technology in Support of Food Security Goals to Benefit Market Growth

Backed by Government Funding & Support, Automation in Agriculture Gains Ground: Percentage Share (%) of Government Expenditure on Agriculture in Total Budgets by Region for the Years 2010, 2015, 2019 and 2021

Worsening Labor Shortages & Rising Labor Costs Drives Interest in Autonomous Equipment

Shrinking Labor for Agriculture Raises the Red Flag Spurring Agriculture on the Road to Automation: Percentage (%) of Agricultural Workers in the Global Workforce for the Years 1992, 2019 & 2022

As a Bridge to Fully Autonomous Vehicles, Partially Autonomous Vehicles Enjoy Significant Market Dominance

Driverless Tractors, the Future of Farming on Large Farmlands

Farm Consolidation & Increase in Average Size of Farm Pave the Way for the Deployment of Driverless Tractors: Average Size of Farms (In Hectares) by Region/Country for the Year 2019

Agricultural Drones 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

Emergence of Flying Robots as the New Face of Robotics Coupled With Effervescent R&D in the Space, Paves the Way for Algorithms, Drones & Robots to Revolutionize Agriculture & Farming: Global % Share Spending on Robotics & Drones for the Year 2019E

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

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Autonomous Farm Equipment Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Autonomous Farm Equipment Market Share Shift across Key Geographies Worldwide: 2019 VS 2025

TABLE 3: Partially Autonomous (Type) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 4: Partially Autonomous (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025

TABLE 5: Fully Autonomous (Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 6: Fully Autonomous (Type) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025

TABLE 7: Tractors (Product Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 8: Tractors (Product Type) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 9: Harvesters (Product Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025

TABLE 10: Harvesters (Product Type) Market Share Breakdown by Region/Country: 2019 VS 2025

TABLE 11: Other Product Types (Product Type) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 12: Other Product Types (Product Type) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

TABLE 13: United States Autonomous Farm Equipment Market Estimates and Projections in US$ Million by Type: 2018 to 2025

TABLE 14: United States Autonomous Farm Equipment Market Share Breakdown by Type: 2019 VS 2025

TABLE 15: United States Autonomous Farm Equipment Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025

TABLE 16: United States Autonomous Farm Equipment Market Share Breakdown by Product Type: 2019 VS 2025

CANADA

TABLE 17: Canadian Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Type: 2018 to 2025

TABLE 18: Autonomous Farm Equipment Market in Canada: Percentage Share Breakdown of Sales by Type for 2019 and 2025

TABLE 19: Canadian Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025

TABLE 20: Autonomous Farm Equipment Market in Canada: Percentage Share Breakdown of Sales by Product Type for 2019 and 2025

JAPAN

TABLE 21: Japanese Market for Autonomous Farm Equipment: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2018-2025

TABLE 22: Japanese Autonomous Farm Equipment Market Share Analysis by Type: 2019 VS 2025

TABLE 23: Japanese Market for Autonomous Farm Equipment: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025

TABLE 24: Japanese Autonomous Farm Equipment Market Share Analysis by Product Type: 2019 VS 2025

CHINA

TABLE 25: Chinese Autonomous Farm Equipment Market Growth Prospects in US$ Million by Type for the Period 2018-2025

TABLE 26: Chinese Autonomous Farm Equipment Market by Type: Percentage Breakdown of Sales for 2019 and 2025

TABLE 27: Chinese Autonomous Farm Equipment Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025

TABLE 28: Chinese Autonomous Farm Equipment Market by Product Type: Percentage Breakdown of Sales for 2019 and 2025

EUROPE

TABLE 29: European Autonomous Farm Equipment Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 30: European Autonomous Farm Equipment Market Share Shift by Region/Country: 2019 VS 2025

TABLE 31: European Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Type: 2018-2025

TABLE 32: European Autonomous Farm Equipment Market Share Breakdown by Type: 2019 VS 2025

TABLE 33: European Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025

TABLE 34: European Autonomous Farm Equipment Market Share Breakdown by Product Type: 2019 VS 2025

FRANCE

TABLE 35: Autonomous Farm Equipment Market in France by Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 36: French Autonomous Farm Equipment Market Share Analysis by Type: 2019 VS 2025

TABLE 37: Autonomous Farm Equipment Market in France by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 38: French Autonomous Farm Equipment Market Share Analysis by Product Type: 2019 VS 2025

GERMANY

TABLE 39: Autonomous Farm Equipment Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2018-2025

TABLE 40: German Autonomous Farm Equipment Market Share Breakdown by Type: 2019 VS 2025

TABLE 41: Autonomous Farm Equipment Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025

TABLE 42: German Autonomous Farm Equipment Market Share Breakdown by Product Type: 2019 VS 2025

ITALY

TABLE 43: Italian Autonomous Farm Equipment Market Growth Prospects in US$ Million by Type for the Period 2018-2025

TABLE 44: Italian Autonomous Farm Equipment Market by Type: Percentage Breakdown of Sales for 2019 and 2025

TABLE 45: Italian Autonomous Farm Equipment Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025

TABLE 46: Italian Autonomous Farm Equipment Market by Product Type: Percentage Breakdown of Sales for 2019 and 2025

UNITED KINGDOM

TABLE 47: United Kingdom Market for Autonomous Farm Equipment: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2018-2025

TABLE 48: United Kingdom Autonomous Farm Equipment Market Share Analysis by Type: 2019 VS 2025

TABLE 49: United Kingdom Market for Autonomous Farm Equipment: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025

TABLE 50: United Kingdom Autonomous Farm Equipment Market Share Analysis by Product Type: 2019 VS 2025

REST OF EUROPE

TABLE 51: Rest of Europe Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Type: 2018-2025

TABLE 52: Rest of Europe Autonomous Farm Equipment Market Share Breakdown by Type: 2019 VS 2025

TABLE 53: Rest of Europe Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025

TABLE 54: Rest of Europe Autonomous Farm Equipment Market Share Breakdown by Product Type: 2019 VS 2025

ASIA-PACIFIC

TABLE 55: Autonomous Farm Equipment Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 56: Asia-Pacific Autonomous Farm Equipment Market Share Analysis by Type: 2019 VS 2025

TABLE 57: Autonomous Farm Equipment Market in Asia-Pacific by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 58: Asia-Pacific Autonomous Farm Equipment Market Share Analysis by Product Type: 2019 VS 2025

REST OF WORLD

TABLE 59: Rest of World Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Type: 2018 to 2025

TABLE 60: Autonomous Farm Equipment Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2019 and 2025

TABLE 61: Rest of World Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025

TABLE 62: Autonomous Farm Equipment Market in Rest of World: Percentage Share Breakdown of Sales by Product Type for 2019 and 2025

IV. COMPETITION

AGCO CORPORATION

AGCO GMBH - FENDT

AGEAGLE AERIAL SYSTEMS, INC.

AMAZONEN-WERKE H. DREYER GMBH & CO. KG

AGMECHTRONIX

AUTONOMOUS SOLUTIONS, INC. (ASI)

AUTONOMOUS TRACTOR CORPORATION

AUTONXT AUTOMATION PVT. LTD.

BOBCAT CO.,

CLAAS KGAA MBH

CLAAS OF AMERICA LLC

CLEARPATH ROBOTICS, INC.

CNH INDUSTRIAL NV

CASE IH

CNH INDUSTRIAL OSTERREICH GMBH - STEYR

NEW HOLLAND AGRICULTURE UK

NEW HOLLAND AGRICULTURE

DEERE & COMPANY

DOGTOOTH TECHNOLOGIES LTD.

DOT TECHNOLOGY CORP.

DRONE AG LTD.

ECOROBOTIX LTD.

ESCORTS LIMITED

FARMWISE LABS, INC.

GUSS AUTOMATION LLC

HARRIS AERIAL

HARVEST AUTOMATION, INC.

HARVEST CROO

ISEKI & CO., LTD.

ISO GROUP AGRI SYSTEMS BV

KINZE MANUFACTURING

MAHINDRA & MAHINDRA - FARM EQUIPMENT SECTOR

KUBOTA CORPORATION

KUBOTA TRACTOR CORPORATION

KUBOTA (UK) LTD.

KUBOTA EUROPE SAS

NAIO TECHNOLOGIES

PRECISION MAKERS

ROWBOT SYSTEMS

SAGA ROBOTICS

SDF SPA

SAME DEUTZ FAHR GROUP SPA

SEEDMASTER MANUFACTURING, INC.

SHANDONG JOYANCE INTELLIGENCE TECHNOLOGY CO., LTD.

SIKKO INDUSTRIES LTD.

SOLUCIONES ROBOTICAS AGRICOLAS, S.L. (AGROBOT)

SWARMFARM ROBOTICS

TTA-AMERICA

WALL-YE

YANMAR CO., LTD.

Note: Product cover images may vary from those shown
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