Global Autonomous Farm Equipment Market 2019-2023

Below are some of the key findings from the autonomous farm equipment market research report

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Global autonomous farm equipment industry overview

Lack of labor and low yields have driven the need for autonomous farm technology as it requires minimal human intervention. As a result, there is an increased government expenditure towards the development of autonomous agricultural technology. Governments of several countries are increasingly funding and providing grants for autonomous farm technology projects. With the increasing government support for developing autonomous farm technology, the autonomous farm equipment market will witness considerable growth during the forecast period.

The use of artificial intelligence (AI) in autonomous equipment will be one of key autonomous farm equipment market trends that will gain traction in the coming years. AI is being used in autonomous farm equipment to assist in the machine vision of the equipment that helps in detecting objects during operation. Images or videos captured by cameras on vehicles are processed using AI algorithms for better decisions. The adoption of AI will play a significant role in the growth of the autonomous farm equipment market.

Top autonomous farm equipment companies covered in this market research report

The autonomous farm equipment market is fairly concentrated and competitive. To survive in this competitive market and increase their revenue share, companies are focusing on introducing innovative autonomous farm equipment. By offering a detailed analysis of the market’s competitive landscape and with information on the products offered by the companies, this autonomous farm equipment industry analysis report will help clients identify new growth opportunities and design effective growth strategies.

The report offers a complete analysis of various companies including:

• AGCO
• CLAAS
• CNH industrial
• Deere & Company
• Kubota

Autonomous farm equipment market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for autonomous farm equipment manufacturers, it has been estimated that the Americas will account for the highest autonomous farm equipment market share throughout the forecast period. The shortage of labor in countries such as the US and Canada is one of the key factors driving the demand for autonomous farm equipment in the region.

Autonomous farm equipment market segmentation based on product

• Tractors
• Harvesters
• UAVs
• Others

The autonomous tractors market segment will account for the largest autonomous farm equipment market share. The report provides an accurate prediction of the contribution of the various product segments to the growth of the autonomous farm equipment market size.

Key highlights of the global autonomous farm equipment market for the forecast years 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the autonomous farm equipment market during the next five years
• Precise estimation of the global autonomous farm equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the autonomous farm equipment industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of autonomous farm equipment companies