The autonomous farm equipment market was valued at US$ 437.0 Mn in 2016 and is predicted to grow at a CAGR of 59 percent from 2017.
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According to a new market research report issued by Credence Research “Autonomous Farm Equipment Market -Growth, Future Prospects and Competitive Landscape, 2017-2025, “the autonomous farm equipment market was valued at US$ 437.0 Mn in 2016 and is predicted to grow at a CAGR of 59 percent from 2017.
Since the begging of human civilization, agriculture has been one of the most important industries. With a steadily increasing population supposed to reach 9 billion by 2025, the need for food, feed and fuel is demanded to triple the current cultivation. In order to meet the market, avenues such as mechanization and the introduction of autonomous farming are adapted to produce more from the limited arable land. The autonomy of farm equipment offers many merits, such as fast and reliable operations, continuous operation despite time and climatic conditions and long-term solutions for complex and heavy operations such as plowing and harvesting.
The complete report is available at https://www.credenceresearch.com/report/autonomous-farm-equipment-market
Autonomous farm equipment includes autonomous tractors, autonomous harvesters and other equipment such as trucks, weeding and thinning, spraying and hauling machines, among others. Leading companies are engaged in producing sophisticated autonomous farm equipment in order to enhance efficiency and reliability while decreasing their costs. Also, the profound generation of advanced electronics and robotics coupled with GPS and navigation systems are making fully autonomous farm equipment more accurate and efficient. Consequently, the development of fully autonomous devices offering independent working with minimum human supervision are expected to result in decreased human labor and expenses related to it. With the consistent technological improvement in the autonomous farm equipment and the merits offered by such equipment, it is assumed that the market for the autonomous farm equipment with bloom significantly in the following years.
The market for autonomous farm equipment is still quite a new and developing market. The market is defined by a number of international players who are committed to producing the best autonomous farm equipment in the class. Sales expansion through awareness of autonomous farm equipment and the perpetual introduction of advanced farm equipment are few of the various policies adopted by companies to remain competitive on the autonomous farm equipment market. The main players on the market include Agrobot, Amazone-Bosch, AGCO Fendt, Rowbot, Robotic Harvesting, Jaybridge Robotics, Autonomous Tractor, etc.
Key Trends:
Large-scale introduction of robotics and automation in the field of farm equipment
Growing awareness and gradual acceptance of autonomous equipment for performing a variety of farm activities
Need for mechanized farming to fulfill the consistently rising need for food and other agricultural products
By Type: Partial Automation and Complete Automation;
By Product: Tractors, Harvesters and Others
Autonomous tractors are one of the first autonomous farm equipment proposed and attributed to the largest share of the overall product segmented market in 2016. Leading autonomous companies such as Agrobot, Agritronics and Autonomous Solutions, among others, provide a range of autonomous tractors equipped with state-of – the-art robotics and GPS navigation systems. The companies are involved in the constant improvement of the autonomous tractors. Consequently, due to the features and utility offered by autonomous tractors, their demand is expected to increase steadily in the following years.
Autonomous harvesters have been trailing autonomous tractors in the overall autonomous farm equipment market since 2016. Autonomous harvesters are very beneficial for tedious harvesting with minimum human supervision. They also cover a wider area in less time than traditional harvesters. With consistent development and rising demand, the autonomous harvesters segment will see positive growth throughout the forecast period from 2017 to 2025.
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ToC:
4. Global Autonomous Farm Product Market Revenue, By Type, 2015 – 2025 (US$ Mn)
4.1. Market Analysis
4.2. Partially Autonomous
4.3. Fully Autonomous
5. Global Autonomous Farm Product Market Revenue, By Product, 2015 – 2025 (US$ Mn)
5.1. Market Analysis
5.2. Tractors
5.3. Harvesters
5.4. Others
6. North America Autonomous Farm Product Market Analysis, 2015 – 2025 (US$ Mn)
6.1. North America Autonomous Farm Product Market Revenue, By Type, 2015 – 2025 (US$ Mn)
6.1.1. Partially Autonomous
6.1.2. Fully Autonomous
6.2. North America Autonomous Farm Product Market Revenue, By Product, 2015 – 2025 (US$ Mn)
6.2.1. Tractors
6.2.2. Harvesters
6.2.3. Others
6.3. North America Autonomous Farm Product Market Revenue, By Country, 2015 – 2025 (US$ Mn)
6.3.1. U.S.
6.3.2. Rest of North America
7. Europe Autonomous Farm Product Market Analysis, 2015 – 2025 (US$ Mn)
7.1. Europe Autonomous Farm Product Market Revenue, By Type, 2015 – 2025 (US$ Mn)
7.1.1. Partially Autonomous
7.1.2. Fully Autonomous
7.2. Europe Autonomous Farm Product Market Revenue, By Product, 2015 – 2025 (US$ Mn)
7.2.1. Tractors
7.2.2. Harvesters
7.2.3. Others
7.3. Europe Autonomous Farm Product Market Revenue, By Country, 2015 – 2025 (US$ Mn)
7.3.1. U.K.
7.3.2. Germany
7.3.3. France
7.3.4. Rest of Europe
8. Asia Pacific Autonomous Farm Product Market Analysis, 2015 – 2025 (US$ Mn)
8.1. Asia Pacific Autonomous Farm Product Market Revenue, By Type, 2015 – 2025 (US$ Mn)
8.1.1. Partially Autonomous
8.1.2. Fully Autonomous
8.2. Asia Pacific Autonomous Farm Product Market Revenue, By Product, 2015 – 2025 (US$ Mn)
8.2.1. Tractors
8.2.2. Harvesters
8.2.3. Others
8.3. Asia Pacific Autonomous Farm Product Market Revenue, By Country, 2015 – 2025 (US$ Mn)
8.3.1. Japan
8.3.2. China
8.3.3. India
8.3.4. Rest of Asia Pacific
9. Rest of World Autonomous Farm Product Market Analysis, 2015 – 2025 (US$ Mn)
9.1. Rest of the World Autonomous Farm Product Market Revenue, By Type, 2015 – 2025 (US$ Mn)
9.1.1. Partially Autonomous
9.1.2. Fully Autonomous
9.2. Rest of the World Autonomous Farm Product Market Revenue, By Product, 2015 – 2025 (US$ Mn)
9.2.1. Tractors
9.2.2. Harvesters
9.2.3. Others
9.3. Rest of the World Autonomous Farm Product Market Revenue, By Country, 2015 – 2025 (US$ Mn)
9.3.1. Latin America
9.3.2. Middle-East and Africa
10. Company Profiles
10.1. Agrobot
10.2. Energid
10.3. Clearpath Robotics
10.4. Autonomous Solutions
10.5. Wageningen UR
10.6. Agritronics
10.7. Kinze Manufacturing
10.8. Amazone-Bosch
10.9. AGCO Fendt
10.10. Rowbot
10.11. Robotic Harvesting
10.12. Jaybridge Robotics
10.13. Autonomous Tractor
10.14. Agrobotics AutoProbe
10.15. Naio Technologies
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The complete report is available at https://www.credenceresearch.com/report/autonomous-farm-equipment-market
Get Sample with more graphs and details for better understanding: https://www.credenceresearch.com/sample-request/58739
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Source URL: https://marketersmedia.com/at-cagr-of-59-autonomous-farm-equipment-market-to-reach-us-2792-bn-by-2025/476391
Source: MarketersMedia
Release ID: 476391
