#Driverless Tractors Market Growth

[ama2024]

https://www.advancemarketanalytics.com/reports/7517-global-and-united-states-driverless-tractors-market

2024 Review: Driverless Tractors Market Growth Analysis and Market Sizing

Advance Market Analytics released a new market study on Global Driverless Tractors Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Driverless Tractors Forecast till 2029*.

Rising Demand Due to improved productivity and great accuracy will help to boost global driverless tractor market. The driverless tractor is also known as an autonomous tractor, driverless farming machine. Driverless tractors, which completely replace the driver with several software and hardware components. It is referred to a driverless farming machine which uses advanced technological components such as sensors, machine vision system, and others to execute many agricultural jobs such as tillage, harvesting, seed sowing, irrigation, spraying and fertilizing. Driverless tractors are more precise and accurate, thus decrease the probabilities of collision with obstacles arriving in the path of tractors, which results in a decrease of maintenance cost of tractors, except the regular maintenance price. Furthermore, fully driverless tractors are controlled by handheld devices (remote control systems).

Key Players included in the Research Coverage of Driverless Tractors Market are:

AGCO Corporation (United States), Autonomous Solutions, Inc. (United States), Autonomous Tractor Corporation (United States), CNH Industrial (United Kingdom), Deere & Company (United States), KINZE Manufacturing (United States), Kubota Corporation (Japan), Mahindra & Mahindra (India), Trimble (United States), Yanmar (Japan), ,

What's Trending in Market: High Operational Efficiency Growing Adoption For Enhance Yield with Minimum Loss Independent of External Factors Such As Weather and Light Conditions

Challenges: Lack of Adoption new technology in Agriculture Industry in Developing Countries

Opportunities: The Rise in Adoption of Precision Agriculture in Untapped Market Technological Advancements and Innovations Such As Use of Sensors

Market Growth Drivers: Unavailability of Labor in Develop Country Such As Australia High Labour Cost Rising Adoption Due To Operated Continuously Without Any Time Restriction The Global Driverless Tractors Market segments and Market Data Break Down by Type (Sensors System Autonomous Tractors, Radar System Autonomous Tractors, GPS System Autonomous Tractors), Application (Agriculture (Harvesting, Seed Sowing, Irrigation, Other), Forestry, Other), Power Output (Below 30 HP, 31 HP to 100 HP, 101 HP and Above)

Get inside Scoop of the report, request for free sample @: https://www.advancemarketanalytics.com/sample-report/7517-global-and-united-states-driverless-tractors-market

To comprehend Global Driverless Tractors market dynamics in the world mainly, the worldwide Driverless Tractors market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas.

• North America: United States, Canada, and Mexico.

• South & Central America: Argentina, Chile, Colombia and Brazil.

• Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa.

• Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia.

• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.

[aimarketresearch]

Driverless Tractor Market Size, Share, Trends, Demand, Growth and Competitive Analysis

Global Driverless Tractor Market study by Data Bridge Market Research provides details about the market dynamics affecting the Driverless Tractor market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. Driverless Tractor market analysis report is the high quality report having in-depth market research studies.

For dominating the market or industry and making a mark in the same as a new emergent, market research report is always crucial. The data of Driverless Tractor Market business report is represented with the tables, charts and graphs for better understanding. The major market highlights and the discussion of the same covered in the report is sure to help the client in studying the market on competitive landscape.

Moreover, the Driverless Tractor Market business report also comprises of all the key market information including market definition, classifications, key developments, applications, and engagements. Besides, Driverless Tractor Market survey report is wonderfully characterized using several charts, graphs and tables depending on the extent of data and information involved.

Driverless Tractor Market, By Component (Sensor, GPS, Vision System, Others), Power Output (>30 H.P., 31 to 80 H.P., >80 H.P.), Technology (Fully Autonomous Tractors, Supervised Autonomous Tractors, Operator Assisted Autonomous Tractors), Crop Type (Cereals & Grains, Oilseeds and Pulses, Fruits and Vegetables), Application (Tillage, Harvesting, Irrigation, Seed Sowing, Spraying and Fertilizing), – Industry Trends and Forecast to 2029.

Access Full 350 Pages PDF Report @

Core Objective of Driverless Tractor Market:

Every firm in the Driverless Tractor Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

Size of the Driverless Tractor Market and growth rate factors.

Important changes in the future Driverless Tractor Market.

Top worldwide competitors of the Market.

Scope and product outlook of Driverless Tractor Market.

Developing regions with potential growth in the future.

Tough Challenges and risk faced in Market.

Global Driverless Tractortop manufacturers profile and sales statistics.

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Driverless Tractor Market

Chapter 3: Regional analysis of the Global Driverless Tractor Market industry

Chapter 4: Driverless Tractor Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

How the Report Aids Your Business Discretion?

This section of this Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt

The report unravels details on pronounced share assessments across both country-wise as well as region-based segments

A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans

New player entry analysis and their scope of new business models

The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues

A detailed consultation services based on historical as well as current timelines to ensure feasible forecast predictions

A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments

Details on market estimations, market size, dimensions

A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high end growth in this Market

Some of the major players operating in the driverless tractor market are:

Deere & Company (U.S.)

Tractors and Farm Equipment Limited (India)

Kubota Corporation (Japan)

CLAAS KGaA GmbH (Germany)

AGCO Corporation (U.S.)

CNH Industrial N.V. (U.K.)

Enerpac Tool Group (U.S.)

JCB (U.K.)

Mahindra & Mahindra Ltd. (India)

SDF Group (Italy)

Bucher Industries (Switzerland)

Alamo Group, Inc. (U.S.)

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[industrynewsupdates]

Smart Agriculture Market 2024-2030: Growth Share and Future Trends

The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. 

Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.

Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market

Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.

To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.

Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.

The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.

Smart Agriculture Market Segmentation

Grand View Research has segmented the global smart agriculture market report based on type, offering, application, and region.

Type Outlook (Revenue, USD Million, 2017 - 2030)

• Precision farming

• Livestock monitoring

• Smart greenhouse

• Others

Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Automation & control systems

o Drones

o Application control devices

o Guidance system

o GPS

o GIS

o Remote sensing

o Handheld

o Satellite sensing

o Driverless tractors

o Mobile devices

o VRT

o Map-based

o Sensor-based

o Wireless modules

o Bluetooth technology

o Wi-Fi technology

o Zigbee technology

o RF technology

o Milking robots

o Sensing devices

o Soil sensor

o Nutrient sensor

o Moisture sensor

o Temperature sensor

o Water sensors

o Climate sensors

o Others

o HVAC system

o LED grow light

o RFID tags & readers

• Software

o Web-based

o Cloud-based

• Types

o System integration & consulting

o Maintenance & support

o Managed types

o Data types

o Analytics types

o Farm operation types

o Assisted professional types

o Supply chain management types

o Climate information types

Application Outlook (Revenue, USD Million; 2017 - 2030)

• Precision farming application

o Yield monitoring

o On-farm

o Off-farm

o Field mapping

o Crop scouting

o Weather tracking & forecasting

o Irrigation management

o Inventory management

o Farm labor management

• Livestock monitoring application

o Milk harvesting

o Breeding management

o Feeding management

o Animal comfort management

o Others

• Smart greenhouse application

o Water & fertilizer management

o HVAC management

o Yield monitoring

o Others

• Others

Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o U.K.

o Germany

o France

o Russia

o Netherland

• Asia Pacific

o China

o Japan

o India

o Australia

o Singapore

• South America

o Brazil

• Middle East and Africa (MEA)

o Turkey

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030. 

• The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.

• AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.

• Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.

Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.

• Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.

• Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives

Key Smart Agriculture Companies:

• Ag Leader Technology

• AGCO Corporation

• AgJunction, Inc.

• AgEagle Aerial Systems Inc.

• Autonomous Solutions, Inc.

• Argus Control Systems Ltd

• BouMatic Robotic B.V.

• CropMetrics

• CLAAS KGaA mbH

• CropZilla

• Deere & Company

• DICKEY-john

• DroneDeploy

• DeLaval Inc

• Farmers Edge Inc

• Grownetics, Inc.

• Granular, Inc.

• Gamaya

• GEA Group Aktiengesellschaft

• Raven Industries

• Trimble Inc.

• Topcon Positioning System

Recent Developments

• In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.

• In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.

• In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.

• In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.

• In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.

• In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.

• In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.

• In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[bizworldinsights]

Farm Tires

The Farm Tires market is estimated to be valued at over US$ 4,167 million in 2019, with a projected CAGR of 5.3% from 2018 to 2028. Unit sales are expected to reach over 18,676 units in 2019. The global revenue surge in the farm tires market is fueled by the rapid mechanization in the agriculture sector and the increased sales of tractors, a trend expected to persist throughout the forecast period. These tires, known for their large amounts of natural rubber, are designed to handle heavy-duty fieldwork. Additionally, the rising demand for very high flexion tractor tires is anticipated to further drive global sales.

A significant factor boosting global farm tire sales is the potential shift from bias-ply to radial-ply tires, driven by the growing demand for tractors worldwide. The sales of these tires are directly influenced by the increasing market demand for tractors, with over 3.8 million tractors sold between 2017 and 2018. Moreover, technological advancements play a pivotal role in agriculture tire sales, with a surge in demand for very high flexion (VF) and increased flexion (IF) tires due to the growing weight of machinery.

Product development and pricing strategies have a substantial impact on overall sales, with farmers and end-users leaning towards cost-effective tire options. This heightened competition in the sector.

Global Farm Tires Market Size and Forecast: Regional Analysis

Asia Pacific Dominates: Asia Pacific dominated global sales in 2018, driven by substantial sales in China and India, which accounted for over half of the total tractor sales in 2018. The region still holds untapped market potential for farm tire manufacturers and vendors. The aftermarket segment holds a significant market share in Asia Pacific. While OEM presents a substantial revenue opportunity, the limited number of tractor and heavy machinery manufacturers has resulted in fewer farm tire vendors. The region's demand is led by tractors and harvesters, followed by trailers and suits. New entrants and small-scale players often focus on the aftermarket to maintain agility.

North America - A Key Destination: North America is a crucial market for manufacturers, registering a slowdown in net agriculture output in 2017. However, this had a negligible impact on overall farm tire sales, indicating the relatively higher spending capacity in the region. While the industry is experiencing optimistic growth, declining commodity costs could impact farmers' spending capacity, leading to sluggish demand for agriculture tires. Unlike Asia Pacific, North America is expected to witness moderate growth in sales, with market consolidation and leading players holding a major share.

Global Farm Tires Market Size and Forecast: Competition Landscape

The industry is highly competitive, with a significant number of midsize and large-scale enterprises. The majority of manufacturers focus on supplying tires for tractors below 40 HP worldwide. Key players in the Farm Tires market include:

Bridgestone Corp.

Titan Corporation

Balkrishna Industries Limited

Sumitomo Rubber Industries Ltd.

Continental AG

Goodyear Tire & Rubber Company

TBC Corporation

Yokohama Rubber Company

Industry Segmentation

By Vehicle Type:

Tractors

Conventional Tractors

Driverless Tractors

Harvesters

Implements

Others

By Tire Type:

Bias

Radial

By Distribution Channel:

OEM

Aftermarket

[ashimbisresearch]

Updated Global and Regional Agriculture Autonomous Retrofit Market Analysis (2023-2033) | BIS Research

The Agriculture Autonomous Retrofit Industry is at the forefront of transforming traditional farming methods, ushering in a new era of efficiency and sustainability.

The Global Agriculture Autonomous Retrofit Market was valued at $1,931.1 million in 2023 and is expected to reach $10,760.3 million by 2033, increasing at a compound annual growth rate (CAGR) of 18.74% during the forecast period 2023-2033.

Let’s take a deep dive into the comprehensive analysis of the global and regional landscapes, exploring key trends, innovations, and the profound impact of autonomous retrofit technologies on the agriculture sector.

Global Landscape

Technological Advancements: The global market of Agriculture Autonomous Retrofit is experiencing rapid technological advancements, with innovations ranging from sensor-based systems to AI-driven autonomous machinery. These technologies retrofit existing agricultural equipment, turning traditional tractors and implements into intelligent, self-driving workhorses.

Market Drivers: The increasing demand for precision agriculture, coupled with the need for operational efficiency, is a key driver of the global market. Farmers are seeking solutions that enable them to optimize resource utilization, reduce labor costs, and enhance overall productivity.

Sustainability Focus: Sustainability is a dominant theme in the global Agriculture Autonomous Retrofit Market. Retrofitting existing machinery reduces the need for new, resource-intensive equipment, contributing to a more sustainable and eco-friendly farming ecosystem.

Request a Free Detailed Sample on Agriculture Autonomous Retrofit Industry!

Regional Perspectives

North America: In North America, the adoption of autonomous retrofit technologies is on the rise, driven by the region's large-scale farming operations. The implementation of precision agriculture practices and government support for agricultural innovation further propels market growth.

Europe: European countries are embracing autonomous retrofit solutions as part of their commitment to sustainable agriculture. The Common Agricultural Policy (CAP) encourages the adoption of advanced technologies, fostering a thriving market for autonomous retrofit solutions.

Asia-Pacific: The Asia-Pacific region, with its diverse agricultural landscape, is witnessing a gradual but steady uptake of autonomous retrofit technologies. As the need for food security intensifies, farmers in countries like India and China are exploring these innovations to optimize yields.

Global Agriculture Autonomous Retrofit Market Segmentation by Product

Driverless Tractor Kit

In-Cab Display

Spot Spraying Kit

Planting Automation Kit

Swarm Robotics

Multi-Sensor Integration

AI-Based Decision Support

In a significant strategic move in September 2022, AGCO Corporation, a key industry player, acquired an 85% stake in Trimble's agriculture technology business. This notable partnership is designed to seamlessly integrate Trimble's precision agriculture technologies into AGCO Corporation's retrofit solutions, with a specific emphasis on improving precision within planting seed planter products.

Some of the Key Market Organizations of the Industry

ONE SMART SPRAY 

ARAG

Braun Maschinenbau GmbH

GPX Solutions

GOtrack 

Sabanto Inc.

Fieldin

AGCO Corporation

WEED-IT

Hexagon AB

Challenges and Future Outlook

Cost Considerations: One of the challenges facing the Agriculture Autonomous Retrofit Industry is the initial cost of retrofitting existing equipment. However, as technology advances and adoption increases, economies of scale are expected to drive down costs.

Regulatory Framework: The regulatory landscape surrounding autonomous farming technologies varies globally. Establishing standardized regulations and ensuring compatibility across regions will be essential for the widespread adoption of autonomous retrofit solutions.

Future Integration with Smart Farming: The future of the Agriculture Autonomous Retrofit Market lies in seamless integration with broader smart farming systems. This includes connectivity with farm management software, data analytics platforms, and the Internet of Things (IoT) for comprehensive farm optimization.

Conclusion

The Agriculture Autonomous Retrofit Industry is a dynamic and transformative force in modern agriculture. As the global and regional landscapes evolve, the integration of autonomous retrofit technologies promises to revolutionize farming practices, fostering a more efficient, sustainable, and technologically advanced future.

[sjsuraj]

Future Market Insights (FMI), an ESOMAR-certified consulting firm, projects that the global agricultural equipment market will grow at a CAGR of 4.2% between 2023 and 2033, reaching a market volume of about US$ 171.4 Million by the end of that year.

Approximately 58% of India’s population relies mostly on agriculture for their livelihood. The Indian government has introduced a number of programmes to handle the growing food demand and encourage the use of modern farm equipment. Rastriya Krishi Vikas Yojana (RKVY), for instance, was established to offer 100% subsidy. The programme was designed to aid in the development of the agricultural industry.

ESOMAR-certified consulting firm Future Market Insights (FMI) in its latest report forecasts that the global agricultural equipment market will register a CAGR of 4.2% between 2023 and 2033, reaching a market volume of around US$ 171.4 Million by 2033 end.

Request Sample Report: Empower Your Industry Understanding with Invaluable Insights https://www.futuremarketinsights.com/reports/sample/rep-gb-523

Agriculture is the primary source of livelihood for about 58% of India’s population. In order to address the rising food demand and promote use of advanced farm machinery, government of India has introduced various schemes. For instance, Rastriya Krishi Vikas Yojana (RKVY) was introduced to provide 100% subsidy. The scheme was aimed to assist the advancement of the farming sector.

The agriculture industry is under constant pressure to address the food security issue. Farmers across the world are employing various equipment to increase food production. These machines minimize the manual labor and reduce turnaround time.

Growing popularity of precision farming is augmenting the demand for modern agricultural equipment. With the integration of artificial intelligence (AI) and internet of things (IoT), the sales of agriculture equipment are soaring. Smart farming is gaining traction. Introduction of electric agricultural equipment has completely changed the market scenario. These equipment does not only minimize the emissions but also reduce costs and improve efficiency.

New trends of agricultural robotics and driverless machines are attracting large number of farmers to upgrade their equipment systems. As per FMI, the agricultural equipment market will surpass a valuation of US 65 Billion by 2021 end.

Key Takeaways from FMI’s Agricultural Equipment Market Study

Europe dominates the ground support equipment market as a result of increasing agricultural mechanization and presence of leading manufacturers. The market in the region is set to register steady growth at 4.8% CAGR between 2022 and 2032.

The U.S. is expected to register a strong CAGR during the forecast period as a result of rapid technological advancements and availability of equipment leasing.

With implementation of favorable governmental policies, China is anticipated to emerge as the leading market for agricultural equipment.

Top 5 players operating in agricultural equipment market collectively account for 44% market share.

By product type, tractors dominate the agricultural equipment market with their multipurpose nature.

Competitive Landscape

Key players operating in agricultural equipment market are investing heavily on research and development activities. They are adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market. For instance.

In August 2021, Precision Planting, LLC a subsidiary of AGCO Corporation announced an agreement to acquire the business and assets of Headsight, Inc., a leading precision agriculture harvesting solution company. The acquisition will help the company to offer farmers a range of industry-leading precision ag technologies across the crop cycle that will help them to maximize their value and output while minimizing inputs and impact.

In 2021, XAG Co., Ltd. Launched XAG R150, a jet sprayer system to pollinate fruit trees. A specially mixed solution of pollen is poured into the R150’s liquid tank before it is sent on a predetermined route around an orchard to spray pollen.

Key Segments Covered in the Agricultural Equipment Industry Analysis

Agricultural Equipment Market by Product Type:

Tractors

Rotavators

Wheel Type

Crawler Type

Threshers & Dehuskers

Wheel Type

Crawler Type

Power Tillers

Wheel Type

Crawler Type

Power Weeder

Wheel Type

Crawler Type

Plough

Baler

Seed Drill

Agricultural Equipment Market by Category:

Tractor Pulled / Attachment

Self-Propelled

Agricultural Equipment Market by Ownership:

Individual

Rental

Agricultural Equipment Market by Region:

North America

Latin America

Europe

East Asia

South Asia & Pacific

Middle East & Africa

[rupalic]

Robotic Farming Equipment Industry Will Hit Big Revenues In Future

According to a research report "Robotic Farming Equipment Market by Type (Unmanned Aerial Vehicles/Drones, Milking Robots, Driverless Tractors, Automated Harvesting Systems), Farming Environment (Indoor and Outdoor), End-use Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the Agriculture Robots market is estimated at USD 13.5 billion in 2023 and is projected to reach USD 40.1 billion by 2028, at a CAGR of 24.3% from 2023 to 2028. The Precision farming robots market is experiencing robust growth and is poised to revolutionize the farming industry worldwide. With a growing need to address challenges like labor shortages, increasing demand for food, and the necessity for sustainable agricultural practices, the adoption of agriculture robots has gained significant momentum.

The market scenario for farm automation technology is witnessing a steady increase in investments from both established companies and startups. Major players in the robotics industry are actively developing advanced robotic solutions tailored for various agricultural tasks. Additionally, governments and agricultural organizations are also encouraging the adoption of these technologies by providing subsidies and incentives to farmers. The market growth can be attributed to several factors. Firstly, the increasing trend of precision agriculture, driven by data-driven farming practices, is fueling the demand for robots equipped with advanced sensors and AI capabilities.

These robots enable farmers to optimize resource usage, leading to improved productivity and reduced costs. Secondly, the rising awareness of sustainability and environmental concerns is driving the need for more efficient and eco-friendly farming methods. Agriculture robots offer precise application of inputs like fertilizers and pesticides, minimizing wastage and environmental impact. As the industry matures and technology becomes more accessible, the cost of agriculture robots is likely to decrease, further encouraging adoption among farmers of all scales. The agriculture robots market is expected to continue its growth trajectory, transforming the global farming landscape and contributing to a more sustainable and productive future for agriculture.

Schedule a call with our Analysts to discuss your business needs: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=173601759

North America is expected to account for the largest market share in 2023.

The Automated agricultural machinery industry in North America is witnessing rapid growth, driven by various factors that are shaping the industry and encouraging the widespread adoption of robotic technologies in farming practices. North America is experiencing a decline in the availability of agricultural labor due to factors like urbanization and changing demographics. As labor costs rise, farmers are turning to agriculture robots to automate repetitive and labor-intensive tasks, reducing their dependency on human workers and mitigating the impact of labor shortages. The region is at the forefront of technological innovation, and the integration of advanced technologies like artificial intelligence, machine learning, and IoT (Internet of Things) has significantly enhanced the capabilities of agriculture robots. These cutting-edge technologies enable robots to make data-driven decisions, perform precise operations, and optimize farming practices, leading to increased efficiency and productivity. The presence of leading research institutions and companies dedicated to robotics and agriculture in North America has contributed to the accelerated growth of the agriculture robots market. Ongoing research and development efforts continue to push the boundaries of what agriculture robots can achieve, opening up new possibilities and applications.

The type segment, by Unmanned Aerial Vehicles, is expected to account for the largest share in 2023.

Agriculture drones are revolutionizing the farming industry and promoting the transition toward digital agriculture. These unmanned aerial vehicles equipped with various sensors and imaging technologies have the potential to significantly change agriculture in several ways. Firstly, they enable precision farming practices by providing high-resolution imagery of crops and fields, helping farmers identify variations in soil health, moisture levels, and crop health. This allows for precise application of resources like water, fertilizers, and pesticides, optimizing their usage and minimizing waste. Additionally, drones equipped with thermal and multispectral cameras can monitor crops throughout their growth cycles, detecting pest infestations, diseases, or nutrient deficiencies early on, enabling farmers to take timely corrective actions and increasing overall crop productivity. The efficiency in data collection and analysis saves time and effort, allowing farmers to focus on strategic decision-making and better farm management practices, leading to increased efficiency and productivity. Moreover, the data-driven insights gathered by agriculture drones can be integrated with other digital technologies like farm management software and AI algorithms, helping farmers make data-driven decisions, predict crop yields, and optimize overall farm performance.

The application segment, by Field Farming, is expected to dominate the market with the largest share in 2023.

Agriculture robots offer significant benefits in field farming by automating various tasks and providing valuable insights to farmers. These robots can perform tasks such as planting, seeding, weeding, spraying pesticides, and harvesting, reducing the reliance on manual labor and increasing efficiency.

The precision and accuracy of agriculture robots lead to optimized resource usage, including water, fertilizers, and pesticides, resulting in reduced costs and minimal environmental impact. Additionally, the data collected by these robots through advanced sensors and cameras allow farmers to monitor crop health, detect diseases, and assess soil conditions in real-time. This data-driven approach enables farmers to make informed decisions, implement targeted interventions, and maximize crop yields.

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Top players analyzed:

Deere & Company (US), CNH Industrial NV (UK), AGCO Corporation (US), Lely (the Netherlands), AgJunction (US), DeLaval (Sweden), Deepfield Robotics (Germany), Naïo Technologies (France), KUBOTA Corporation (Japan), Monarch Tractor (US), and Clearpath Robotics (Canada)

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Exploring the Driving Forces Behind the Booming USA Agri Equipment Market : Ken Research

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The USA Agri equipment market has been experiencing steady growth over the years, driven by factors such as increasing agricultural mechanization, technological advancements, and the need for higher productivity.

STORY OUTLINE

Technological breakthroughs, including GPS-guided machinery and AI-driven automation, optimize farming practices, leading to increased efficiency and reduced resource wastage.

Government support through subsidies and tax benefits empowers farmers, regardless of scale, to embrace modern equipment, enhancing competitiveness and leveling the playing field.

The shift towards eco-friendly machinery and sustainable practices not only aligns with environmental goals but also promotes efficient resource management, bolstering both economic viability and environmental stewardship.

The convergence of technology, government incentives, and sustainability imperatives is shaping the future of the agricultural equipment market, fostering innovation, equitable growth, and a more sustainable industry outlook.

Ken Research envisions, a promising future for USA’s Agri-equipment market, driven by cutting-edge technologies, government initiatives promoting sustainability, and intensified industry competition. This convergence is poised to reshape the landscape, ushering in an era of precision agriculture and innovative solutions for sustainable farming practices.

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The United States agricultural equipment market stands as a dynamic and pivotal sector within the nation's economy, driven by a convergence of factors that are propelling its growth and innovation. From technological advancements to changing agricultural practices, several driving forces are shaping the landscape of this booming industry.

1. The Power of Tech Advancements

Technological advancements like GPS-guided tractors and drones enable precise planting, irrigation, and harvesting. This level of precision maximizes yields while minimizing resource wastage, thereby boosting overall efficiency.

Automation solutions, such as driverless tractors and robotic harvesters, are becoming more prevalent. Artificial intelligence algorithms analyze data to make real-time decisions, improving operational accuracy and reducing labor demands.

IoT-enabled sensors monitor soil conditions, moisture levels, and crop health. Data analytics tools process this information to offer insights, helping farmers make informed decisions for better crop management and higher yields.

2. The Impact of Government Support

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Government policies provide financial incentives like subsidies and grants to encourage farmers to invest in modern equipment. These incentives ease the financial burden on farmers, making it more feasible for them to adopt advanced machinery.

Tax breaks on equipment purchases and maintenance costs lower the overall expenses associated with acquiring and maintaining agricultural machinery. This makes it financially attractive for farmers to upgrade their equipment and stay competitive.

Government support ensures that even small-scale farmers can access modern machinery, leveling the playing field and promoting equitable growth within the agricultural sector.

3. The Sustainable Drive Reshaping the Landscape

The market is witnessing a surge in demand for environmentally friendly agricultural machinery. Equipment designed with energy-efficient technologies and reduced emissions aligns with sustainability goals while maintaining productivity levels.

Sustainable practices such as precision irrigation and minimal tillage reduce water and fuel consumption. Machinery integrated with these practices addresses resource challenges, meeting the dual goals of economic viability and environmental responsibility.

The emphasis on sustainability encourages the development of machinery designed for durability, repairability, and eventual recycling. This contributes to a circular economy where equipment lifespan is extended, minimizing waste generation.

In conclusion, the USA agricultural equipment market stands as a thriving hub of innovation, driven by technological advancements, government support, and a resolute commitment to sustainability. As these driving forces continue to converge, they pave the way for a more efficient, accessible, and environmentally conscious future in agriculture.

For more insights on market intelligence, refer to the link below: –

Agri-equipment Market USA

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Agriculture Robots Market Share, Size - Verified Industry Insights

Our Verified Industry Insights report on the Global Agriculture Robots Market is an invaluable source of information for stakeholders in the market. Our report provides an in-depth analysis of the current market outlook, opportunities, and trends and also offers a comprehensive overview of the market including historical data, market size, and forecast as well. It also provides an overview of the major market players in the market and their competitive landscape.

Global Agriculture Robots Market was valued at USD 4,842.51 Million in 2021 and is projected to reach USD 21,659.60 Million by 2030, growing at a CAGR of 18.11% from 2023 to 2030.

The report also offers an in-depth analysis of the latest industry developments, such as new product launches, mergers & acquisitions, strategic collaborations, and partnerships with other market players. Furthermore, the report also provides an inside look at the competitive landscape and a detailed assessment of the market segments to help stakeholders make informed decisions. Additionally, the report offers insights into the industry dynamics which can help readers to understand the forces acting upon the market and the factors driving its growth. With the help of this report, our readers can gain comprehensive and reliable insights into the Global Agriculture Robots Market.

Get a Sample PDF copy of this Agriculture Robots Market Report: 

Agriculture Robots Market report also includes a pricing analysis for each type, manufacturer, region, and global price from 2018 to 2030. This information will help stakeholders make informed decisions and develop effective strategies for growth. The report's analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth.

This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market's dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.

Major Players Covered in this Report are:

Agrobot, Blue River Technology, Harvest Automation, AGCO Corporation, Lely Industries, Naio Technologies, Precision Hawk, Deere & Company, AG Eagle LLC, Agribotix LLC, Trimble, IBM, and others.

One of the important sections of the research study includes the company profiling of key figures of the Agriculture Robots Market. The authors of the report closely analyze all of the leading companies considered for the research study on the basis of different factors such as their main business, gross margin, and markets served. They also consider their prices, revenue, and production apart from the specification and application of their products. The review period considered here is of nine years.

Global Agriculture Robots Market Segmentation Analysis

The outbreak of COVID-19 has dramatically changed the Agriculture Robots Market. Worldwide, the industry saw signs of recovery in the second quarter, but the industry remains concerned about the prospects of long-term recovery as COVID-19 cases continue to rise, especially in Asian countries such as India.

Global Agriculture Robots Market, By Type

Unmanned Aerial Vehicles (Drones)

Milking Robots, Driverless Tractors

Automated Harvesting Systems

Global Agriculture Robots Market, By Application

Dairy Farm Management

Aerial Data Collection

Weather Tracking and Forecasting

Inventory Management

Global Agriculture Robots Market, By Component

Hardware

Software

Services

Since the start of the pandemic, the industry received a series of blows and surprises. The pandemic has also led to many changes in buyer behavior and attitude. Thus, it is putting additional stress on the industry. This, in turn, is expected to restrain the growth of the market.

Some of the Key Questions Answered in this Report:

What is the Agriculture Robots Market size at the regional and country-level

What are the key drivers, restraints, opportunities, and challenges of the Agriculture Robots Market , and how they are expected to impact the market

What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) sales value, production value, consumption value, import and export of Agriculture Robots Market

Who are the global key manufacturers of the Agriculture Robots Market? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)

What are the Agriculture Robots Market opportunities and threats faced by the vendors in the Agriculture Robots Market?

Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

What focused approach and constraints are holding the Agriculture Robots Market?

What are the different sales, marketing, and distribution channels in the global industry?

What are the key market trends impacting the growth of Agriculture Robots Market ?

Economic Impact on the Agriculture Robots Market and development trend of the Agriculture Robots Market

What are the Agriculture Robots Market opportunities, market risk, and market overview of the Atorvastatin Calcium market

Each chapter of the report provides detailed information for readers to understand the Agriculture Robots Market further:

Chapter 1: Agriculture Robots Market Product Definition, Product Types, Volume, and Revenue Analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa from 2023 to 2030. Chapter 2: Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers' commercial date of Agriculture Robots Market, product type offered by each manufacturer, Mergers & Acquisitions activities, and Expansion activities that occurred in the Agriculture Robots Market. Chapter 3: Agriculture Robots Market Historical (2023-2030) and Forecast (2023-2030) Volume and revenue analysis of Agriculture Robots Market in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Chapter 4: Agriculture Robots Market Product Application, Volume, and Revenue Analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa from 2023 to 2030. Chapter 5 to 9: Agriculture Robots Market Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa, including volume and revenue analysis. Chapter 10: Manufacturers' Outline, covering the company's basic information like headquarter, contact information, major business, Agriculture Robots Market introduction, etc. Agriculture Robots Market Sales, Revenue, Price, and Gross Margin of each company, as well as Recent Developments, are also contained in this part. Chapter 11: Industry chains, like raw materials, and manufacturing costs, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter. Chapter 12: Market Channels, Distributors, and Customers are listed. Chapter 13: Verified Market Reports Conclusions of Agriculture Robots Market based on comprehensive survey. Chapter 14: Methodology and Data Sources.

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Verified Industry Insights is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies.

We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.

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Agricultural Robots Market: Cutting-edge Tech & Top Applications

Agriculture

12, August 2022

The agriculture industry is plagued by real problems. The traditional farming methods struggle to keep up with the efficiencies and demand for the workforce. Hence, the introduction of automated farming attempts to counter these problems by using robotics and advanced sensing.

The Global Agricultural Robots Market was worth $4298.87 million in 2021 and is projected to reach up to $17610.54 million by 2028, growing at a CAGR of 19.98% over the forecast period 2022-2028. The rising human population, keeping track of environmental footprints, and reduction in severe labor shortage are top drivers propelling the growth of the studied market.

Further, the entrance of artificial intelligence in modern agriculture has enabled companies to launch precision techniques, aiding farming practices. For instance, products such as “Apple Packer” launched by Robotics plus allow robotic machines to pick and pack apples. Thus, increased production of technological driven products is likely to generate prospects for the market during the forecast period.

Robotics and its Applications in Agriculture

Robots are machines that work autonomously without human intervention and effectively complete tasks with greater accuracy and in less time. The introduction of automation in the agriculture industry helps the farmers to enhance their efficiency, lessen operating costs and enable round-the-clock work, thereby reducing the need for a skilled workforce. The demand for agricultural robots is primarily determined by the reduced human efforts, which directly results in the labor cost reduction during agricultural functions.

There are several benefits of using robots in farming, namely cloud seeding, fruit picking, harvesting, environmental monitoring, weed control, soil analysis, and planting seeds. This is projected to witness traction with the integration of technological advancements. In 2021, Crop Production dominated the application segment with a revenue of $1037.26 million, owing to the development of independently operating machines for different purposes like sowing, fertilization, irrigation, harvesting, etc.

The segment’s development is also a result of some notable products launched by the key market players. Some of them are mentioned below:

A driverless tractor, launched by Dheere & Company, is used for sowing and plowing, navigated independently with the help of in-built GPS.

Another company, SZ DJI Technology Co., built AGRAS T30, a drone that makes the spraying process more effective.

TartanSense offers autonomous machines like “BladeRunner,” a tractor-pulled mechanical weeder and spot sprayer used for spraying, weeding, sowing and harvesting.

Lely Holding SARL launched “Astronaut A5,” a cow milking robot with multi-application use, such as a cleaning system and steam disinfection.

“See and Spray” robots offered by Dheere & Company can reduce agrochemical use by 90%, reducing crop damage.

Ecorobotix provides lightweight GPS, a completely autonomous drone with the ability to use its solar power to run all day. The robot uses its complex camera system to target and spray weeds.

Some of the popular types of robots contributing revenue to the market are UAVs/drones, milking robots, automated harvesting systems, and driverless tractors. The segment uses methods that enable robot-assisted precision agriculture techniques, providing farmers with several advantages.

Further, the United States recorded the highest use of drones in agriculture for seeding, chemical spraying, crop monitoring, irrigation control and livestock management. As a result, North America held the largest regional market in 2021 with a CAGR of 19.43% and is expected to maintain its stronghold throughout the forecasting period.

To Conclude

The embark of technology in agriculture has solved farmers’ age-old problems and enabled them to earn higher outputs from existing lands and animals. However, huge investments and a dearth of knowledge in handling are projected to hinder the agricultural robots market’s growth.

To overcome these challenges, market players are continuously updating technology and investing in research and development activities to introduce an innovative range of agricultural robots to boost their product offerings, thereby resulting in a higher competitive rivalry.

The players continuously compete to gain a large market share and expand their operations in other regions by merging with smaller companies to acquire their customer base. For instance:

In December 2021, AGCO Corporation acquired Appareo Systems LLC, which deals in technology applications.

In November 2021, CNH Industrial acquired Raven Industries Inc., a leader in agriculture technology.

In October 2021, BouMatic Robotics B.V. acquired SAC Group, a well-known full-line producer of complete milking systems for cows, sheep & goats.

In November 2020, Deere & Company acquired Harvest Profit, a leading provider of farm profitability software.

FAQ

Q1) What are the challenges faced by the studied market?

Huge investments in the procurement of agricultural robots and a lack of knowledge in handling them are projected to hamper the market’s growth.

Q2) Which region is expected to grow the fastest in the studied market? The Asia-Pacific region is expected to grow the fastest in the global agricultural robots market, with a CAGR of 20.62% during the forecast period.

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Autonomous Farm Equipment Market Prospects and Growth Assessment 2026

The autonomous farm equipment market is witnessing significant growth due to the increasing adoption of automation technology in the agriculture industry. Autonomous farm equipment, also known as self-driving or driverless farm equipment, is designed to perform tasks such as planting, harvesting, and tillage without human intervention. The market is driven by the need for improved efficiency and productivity, reduced labor costs, and increased profitability in the agriculture industry.

Drivers and Restraints:

The increasing demand for food and the need to meet the growing global population's food requirements are the primary drivers of the autonomous farm equipment market. The increasing adoption of automation technology in the agriculture industry to improve efficiency and reduce labor costs is also driving the market. In addition, the increasing demand for precision agriculture and the need to reduce soil compaction and conserve resources are also contributing to the growth of the market.

However, the high cost of autonomous farm equipment, the lack of technical expertise, and the lack of standardized protocols for communication and data exchange are some of the major restraints for the growth of the market. In addition, the lack of infrastructure in developing countries and the limited availability of advanced technologies are also hindering the growth of the market.

Market Segmentation:

The autonomous farm equipment market can be segmented based on product type, application, and region. Based on product type, the market can be segmented into tractors, harvesters, and others. Based on application, the market can be segmented into field crops, orchards, and others.

Regional Analysis:

Geographically, the autonomous farm equipment market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America and Europe are expected to hold a significant share of the market due to the presence of developed economies and the increasing adoption of automation technology in the agriculture industry. Asia-Pacific is expected to grow at a rapid pace due to the increasing demand for food and the growing agriculture industry in the region.

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Key Players:

Some of the key players operating in the autonomous farm equipment market include John Deere, AGCO Corporation, CNH Industrial N.V., Kubota Corporation, and Mahindra & Mahindra.

Conclusion:

The autonomous farm equipment market is expected to grow at a significant pace over the next few years due to the increasing adoption of automation technology in the agriculture industry. The increasing demand for food and the need to meet the growing global population's food requirements are the primary drivers of the market. However, the high cost of autonomous farm equipment, the lack of technical expertise, and the lack of standardized protocols for communication and data exchange are some of the major restraints for the growth of the market.

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Global Agriculture Robots Market Size, Share and Demand Forecast to 2028

The GlobalAgriculture Robots Marketresearch report 2022-28 has been released with several updates and analysis of market trends, share, size, demand, growth, challenges, opportunities and pre and post COVID-19 impacts.

Key Highlights of the Global Agriculture Robots Market report

The projection period for this global market to grow is 2022-2028

The Global Agriculture Robots Market size is estimated to reach USD 13.5 billion by 2028.

The market is projected to grow at a 5% CAGR

Covid-19 analysis and its impact on the market

Industry ecosystem to competitive landscape’s curial role in growth role

Challenges and opportunities to get boost from recent developments and technology advancement

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Market segment analysis

The Global Agriculture Robots Market is segmented into these categories for this analysis: Type, Application, Offering and Geography. This segmentation allows executives to plan their products and spending based on the expected growth rates of each area: -

By Type (Driverless Tractors, Unmanned Aerial Vehicles (UAVs), Milking Robots, Automated Harvest Robots, Material Management, and Others)

By Application (Dairy Management, Harvest Management, Soil & Irrigation Management, Field Farming, and Others)

By Offering (Hardware, Software, and Services)

By Region (North America, Europe, Asia-Pacific (APAC), Rest of the World (RoW))

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The Global Agriculture Robots Market’s competitive viewpoint

This research is an invaluable resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach in the current Market scenario. While focusing on top companies and their corporate strategies, market presence, operating segmentation, aggressive outlook, geographical expansion, pricing and value structures, the study painstakingly takes into account the market analysis. The major market players are: -

AGCO

Autonomous Solutions Inc.

Autonomous Tractor Corporation

Clearpath Robotics

Deepfield Robotics

DeLaval

GEA Group

Harvest Automation

John Deere

Lely

Reason to buy this report

The report is unbiased and it provides the deep insight of global market including competitive and geographical landscape.

The report enlightens the large patterns, causes, and impact factors globally and locally.

Insightful study drills-out the main players of the global market and, their sources of income, share of the market, and the current course of events.

It looks into significant developments such as extensions, agreements, new product launches, and acquisitions on the horizon.

Research the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on a global and regional level.

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Global market research company VynZ Research provides research, analytics, and consulting services for business plans. We offer clients specialized report services that take into account the main variables influencing the development of the worldwide Market. Feel free to call or drop your requirement to get the get customized research report.

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Autonomous And Semi-autonomous Tractors Market - Forecast(2022 - 2027)

Autonomous and Semi-autonomous Tractors Market Overview

Autonomous and Semi-autonomous Tractors market is estimated to witness $4.5 billion by 2026 with a CAGR of 26.2% during the forecast period 2021-2026. Autonomous and semi-autonomous tractors include crop yield monitoring systems that monitor the crop and field and assist the owner in managing the field based on soil properties. Semi-autonomous tractors reduce human effort by assisting the driver in certain actions, whereas autonomous tractors are completely driverless tractors that replace the driver with a variety of software and hardware components. Moreover, the rising population in developing countries such as China, India and others are increasing the demand for agricultural products thereby raising the demand for driverless farming machine to harvest the agriculture produce, irrigate and perform many other functions by using GPS systems. In 2021, CNH Industrial has announced an investment in Monarch Tractor, a U.S.-based agriculture technology company, with the goal of developing an electric tractor platform that combines a fully electric powertrain with autonomous technologies to aid in the advancement of farming operations. This kind of development set to propel the market growth. Driverless farming machines are estimated to witness substantial growth with a CAGR of 27.10% over the forecasted period 2021-2026 owing to its advanced technologies such as machine vision systems, GPS, auto-steering and others.

Report Coverage

The report: “Autonomous and Semi-autonomous Tractors market Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Autonomous and Semi-autonomous Tractors market.

By Type– Semi autonomous tractors, autonomous tractors. By Application- Seed sowing, harvesting, irrigation, Tillage and others. By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina, Colombia and others), Europe (Germany, UK, France, Spain, Italy and Others), APAC(China, Japan, South Korea, India, Australia and Others), and RoW (Middle East and Africa)

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Key Takeaways Increased demand for power steering in passenger vehicles as well as in commercial vehicle is driving the Automotive Electric Oil Pump industry demand Driverless farming machine are estimated to witness substantial growth with a CAGR of 27.10% over the forecasted period 20201-2026 owing to its advanced technologies such as machine vision systems, GPS and others Asia-Pacific regions are witnessing the fastest-growing rate in the markets Autonomous and Semi-autonomous Tractors owing to high demand of agricultural produced.

Autonomous and Semi-autonomous Tractors market Segment Analysis- By Type

The driverless farming machine are estimated to witness substantial growth with a CAGR of 27.10% over the forecasted period 20201-2026 owing to its advanced technologies such as machine vision systems, GPS to perform agriculture tasks such as tillage and others. Moreover, it determines the speed and avoids obstacles such as animals, people, or objects in the field, and as a result of these factors, the demand for Autonomous and Semi-autonomous Tractors is surging in the market. Due to rising urbanisation there has been a decrease in agricultural labour in the field and thus due to such factor, farmers are increasingly adopting agricultural mechanization (i.e., Tractors) as a substitute for manual labour with more cost-effective, easily available, and more efficient means of agricultural operation. As tractors are the primary source of power for driving agricultural machinery and hence autonomous and semi-autonomous tractors are estimated to propel in the market.

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Autonomous and Semi-autonomous Tractors market Segment Analysis - By Application

Harvesting segment is estimated to witness substantial growth with a CAGR of 27.1% over the forecasted period owing to rise in demand to cover more acres of land in less time which was not possible without these customised tractors which enable the user to attain faster and more cost efficient harvesting. Kubota, Escorts, CNH Industrial, John Deere are the major market players providing advanced autonomous tractors and boosting the demand. For instance John Deere in 2021 has introduced its new 9R Series tractor range and offers a full activation package for maximum automation which includes Turn Automation, Section Control, Variable Rate Control, Passive Implement Guidance, In-Field Data Sharing, Machine Sync and also new Auto Path row guidance. Autonomous and Semi-autonomous Tractors increase the productivity in the field through effective harvesting process, and also improve safety, and reduce costs for many agricultural operations, due to such factors there has been an increase in adoption of these tractors for harvesting.

Autonomous and Semi-autonomous Tractors market Segment Analysis – By Geography

North America held largest share 32.1% in 2020 owing to its high rate of adoption of advanced technology and the presence of large tractor manufacturers that are investing in the development of autonomous tractors. Availability of large fields, limited labour availability, and massive grasslands in North America regions and high per capita income are major factors driving the autonomous and semi-autonomous tractors market. The companies such as Kubota, John Deere, Escorts located in these regions are increasingly launching new autonomous tractors, dominating the market with faster innovations and product launches. In 2021 John Deere has acquired U.S. autonomous tractor start up Bear Flag Robotics for $250m to make its agricultural equipment autonomous. Asia-Pacific regions are witnessing the fastest-growing rate in the markets Autonomous and Semi-autonomous Tractors owing to high demand of agricultural produced. Asia Pacific, is expected to expand its adoption for semi-autonomous tractors at a rapid pace in countries such as China and India, owing to their lower cost as compared to the fully driverless tractors.

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Autonomous and Semi-autonomous Tractors market Drivers

Rising technological advancement

The increased technological advancement in self-driving technology for vehicles with object detection capabilities using radar, multi-camera systems, and LiDAR technology, among other things, is projected to increase the adoption of automated tractors. Farmers are adopting technologies such as autonomous tractors that can be productive in light of the current challenge, as technologically assisted agriculture requires skilled labourers who are in short supply. This scenario is one of the primary factors driving the market forward. Moreover, automation in tractor has become a strong trend, hastening the expansion of precision farming operations. Farmers now have access to cutting-edge technologies in autonomous as well as semi-autonomous tractors as GPS, sensors, laser diodes, and other for automating their work, which is propelling the market for autonomous and semi-autonomous tractors. In 2021 John Deere has redesigned its most popular 2430C Nutrient Applicator to provide greater precision and control of nutrient placement at high operating speeds. This new 2430C Nutrient Applicator is a rugged, highly productive tool for service providers and farmers to accurately apply anhydrous ammonia across more acres more quickly while minimizing outgassing, thus these advancements is estimated to propel the market demand.

High Productivity and accuracy

Autonomous tractors make use of cutting-edge technology, such as overlapping and redundant sensor arrays. These can aid in the detection of any irregularities in the field during operation and are critical to overall farm productivity. Lidar enables the user to determine ranges by targeting an object with a laser and measuring the time for the reflected light to return to the receiver through this the user can attain to it productivity by targeting the area. Moreover, Labour shortages, safety issues, and climate change are one of the major obstacles for obtaining productivity thus farmers are increasing the adoption of driverless tractors to future-proof the agricultural business. Thus, such factors are driving the Autonomous and Semi-autonomous Tractors industry.

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Autonomous and Semi-autonomous Tractors market Challenges

High cost and lack of awareness

Lack of knowledge and technology integration in the developing countries is likely to hinder the development of the Autonomous and Semi-autonomous Tractors market. As the end users of these automated tractors are mostly farmers and sometimes, they find it difficult to keep up with the latest trends and technologies that directly affect the adoption of such advanced tractors. Moreover, high cost of investments in such advanced autonomous tractors is also hindering the Autonomous and Semi-autonomous Tractors market size.

Autonomous and Semi-autonomous Tractors Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Solar Cell Fabric market. Automotive Electric Oil Pump industry top 10 companies – Mahindra and Mahindra, Kubota, Dutch Power Company, John Deere, Escorts, CNH Industrial, Komatsu, Raven Industries, Sonalika International, Massey Ferguson.

Acquisitions/Technology Launches

In 2020, Kubota announced a collaboration with the US chipmaker Nvidia to develop highly sophisticated self-driving farm tractors capable of making complete autonomous tractors. The collaboration aims to boost the autonomous tractor in the market In 2019, Massey Ferguson introduced its stunning new concept tractor, the MF NEXT. It is a concept that embodies Massey Ferguson's DNA and vision of making tractor technology accessible, easy-to-use, and affordable.

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Robotic Farming Equipment Industry to Showcase Continued Growth in the Coming Years

According to a research report "Robotic Farming Equipment Market by Type (Unmanned Aerial Vehicles/Drones, Milking Robots, Driverless Tractors, Automated Harvesting Systems), Farming Environment (Indoor and Outdoor), End-use Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the Agriculture Robots market is estimated at USD 13.5 billion in 2023 and is projected to reach USD 40.1 billion by 2028, at a CAGR of 24.3% from 2023 to 2028. The Precision farming robots market is experiencing robust growth and is poised to revolutionize the farming industry worldwide. With a growing need to address challenges like labor shortages, increasing demand for food, and the necessity for sustainable agricultural practices, the adoption of agriculture robots has gained significant momentum.

The market scenario for farm automation technology is witnessing a steady increase in investments from both established companies and startups. Major players in the robotics industry are actively developing advanced robotic solutions tailored for various agricultural tasks. Additionally, governments and agricultural organizations are also encouraging the adoption of these technologies by providing subsidies and incentives to farmers. The market growth can be attributed to several factors. Firstly, the increasing trend of precision agriculture, driven by data-driven farming practices, is fueling the demand for robots equipped with advanced sensors and AI capabilities.

These robots enable farmers to optimize resource usage, leading to improved productivity and reduced costs. Secondly, the rising awareness of sustainability and environmental concerns is driving the need for more efficient and eco-friendly farming methods. Agriculture robots offer precise application of inputs like fertilizers and pesticides, minimizing wastage and environmental impact. As the industry matures and technology becomes more accessible, the cost of agriculture robots is likely to decrease, further encouraging adoption among farmers of all scales. The agriculture robots market is expected to continue its growth trajectory, transforming the global farming landscape and contributing to a more sustainable and productive future for agriculture.

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North America is expected to account for the largest market share in 2023.

The Automated agricultural machinery industry in North America is witnessing rapid growth, driven by various factors that are shaping the industry and encouraging the widespread adoption of robotic technologies in farming practices. North America is experiencing a decline in the availability of agricultural labor due to factors like urbanization and changing demographics. As labor costs rise, farmers are turning to agriculture robots to automate repetitive and labor-intensive tasks, reducing their dependency on human workers and mitigating the impact of labor shortages. The region is at the forefront of technological innovation, and the integration of advanced technologies like artificial intelligence, machine learning, and IoT (Internet of Things) has significantly enhanced the capabilities of agriculture robots. These cutting-edge technologies enable robots to make data-driven decisions, perform precise operations, and optimize farming practices, leading to increased efficiency and productivity. The presence of leading research institutions and companies dedicated to robotics and agriculture in North America has contributed to the accelerated growth of the agriculture robots market. Ongoing research and development efforts continue to push the boundaries of what agriculture robots can achieve, opening up new possibilities and applications.

The type segment, by Unmanned Aerial Vehicles, is expected to account for the largest share in 2023.

Agriculture drones are revolutionizing the farming industry and promoting the transition toward digital agriculture. These unmanned aerial vehicles equipped with various sensors and imaging technologies have the potential to significantly change agriculture in several ways. Firstly, they enable precision farming practices by providing high-resolution imagery of crops and fields, helping farmers identify variations in soil health, moisture levels, and crop health. This allows for precise application of resources like water, fertilizers, and pesticides, optimizing their usage and minimizing waste. Additionally, drones equipped with thermal and multispectral cameras can monitor crops throughout their growth cycles, detecting pest infestations, diseases, or nutrient deficiencies early on, enabling farmers to take timely corrective actions and increasing overall crop productivity. The efficiency in data collection and analysis saves time and effort, allowing farmers to focus on strategic decision-making and better farm management practices, leading to increased efficiency and productivity. Moreover, the data-driven insights gathered by agriculture drones can be integrated with other digital technologies like farm management software and AI algorithms, helping farmers make data-driven decisions, predict crop yields, and optimize overall farm performance.

The application segment, by Field Farming, is expected to dominate the market with the largest share in 2023.

Agriculture robots offer significant benefits in field farming by automating various tasks and providing valuable insights to farmers. These robots can perform tasks such as planting, seeding, weeding, spraying pesticides, and harvesting, reducing the reliance on manual labor and increasing efficiency.

The precision and accuracy of agriculture robots lead to optimized resource usage, including water, fertilizers, and pesticides, resulting in reduced costs and minimal environmental impact. Additionally, the data collected by these robots through advanced sensors and cameras allow farmers to monitor crop health, detect diseases, and assess soil conditions in real-time. This data-driven approach enables farmers to make informed decisions, implement targeted interventions, and maximize crop yields.

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Top players analyzed:

Deere & Company (US), CNH Industrial NV (UK), AGCO Corporation (US), Lely (the Netherlands), AgJunction (US), DeLaval (Sweden), Deepfield Robotics (Germany), Naïo Technologies (France), KUBOTA Corporation (Japan), Monarch Tractor (US), and Clearpath Robotics (Canada)