The Autonomous Farming Equipment Market is valued at USD 62.89 Billion in 2020 and is projected to reach USD 155.31 Billion by 2027 growing at a CAGR of 13.7% over the forecast period. Rising investments in the agricultural sector, growing use of autonomous tractors, and recent developments in autonomous farming equipment are the major driver for the growth of the global autonomous farming equipment market.
Top Autonomous Farming Equipment Companies:
Bobcat (a Doosan company)
Iseki & Co.
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Autonomous agricultural equipment means the use of advanced technology systems and sensors in agricultural industries. Autonomous agricultural equipment is used for planting, spraying and harvesting. Many automated equipments are used in agriculture, such as agricultural sprayer, trolley pump, combine harvester, cultivator, rotary seeder, rotary tiller, etc. For instance ; Using automated sprayers, farmers easily spray crops with insecticides. In addition, autonomous agricultural equipment offers several advantages over manual equipment, such as fast and precise operation, time saving, operator safety, reduction of yield costs, crop monitoring and maintenance. field and soil analysis. Through the use of automated equipment, farmers can improve their productivity by investing less time.
Autonomous Farming Equipment Market Segmentation:
Up to 30 HP
Above 101 HP
The Covid-19 pandemic has increased the demand for autonomous agricultural equipment. In the Covid-19 pandemic, agriculture is one of the growing sectors across the world and the demand for agricultural equipment is increasing. In addition, during the confinement period, there was a shortage of manpower. Therefore, due to shortage of labor, farmers have turned to automated agricultural equipment, especially in developed and developing economies of the world. There has therefore been a positive impact of Covid-19 and containment on the market for autonomous agricultural equipment. However, the pandemic situation has impacted the manufacturing process of autonomous agricultural equipment to a certain level due to a shortage of raw materials, workers and other accessories.
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Regions covered in the global Autonomous Farming Equipment market report are North America, Europe, Asia-Pacific and Rest of the World. Country-wise, the global autonomous farming equipment market is sub-divided into United States, Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia ( UAE, Saudi Arabia, Egypt ) GCC, Africa, etc.
News: Kubota launched an autonomous rice planter
October 19, 2020; Kubota Corp. launched a self-contained rice planter. Kubota is one of the key players in the autonomous agricultural equipment market. Kubota provides automated agricultural solutions to the farmer. The rice planter creates a map of the paddy field using GPS, then driven by a human around the perimeter of the field. Then the machine calculates its rice planting direction according to the map and robotically plants the rice seedlings. The advantage of the planter is that the driver is not required to operate this machine. Automated rice planting machine reduces labor cost. One of the people supervising the machine can also fill it with semen.
Increasing investments in the agricultural sector and recent developments in autonomous agricultural equipment are the factors driving the growth of the market
Rising investment in the agricultural sector is one of the major drivers for the growth of the global autonomous agricultural equipment market. The agricultural sector is one of the most important industries in the global economy. The use of autonomous agricultural equipment is increasing dramatically in agricultural industries due to various factors such as time saving, safety, and labor costs. For instance; according to the India Brand Equity Foundation; about 58% of the population lives from agriculture and according to the USDA report, 19% of farmers use automated agricultural equipment. And this is helping to boost the market for self-driving farm equipment. Furthermore, the growing use of autonomous tractors also complements the growth of the market. Autonomous tractors use various refined frameworks and sensors that would have a successful autonomous vehicle, and by fusing these advanced systems into all mainstream crops, farmers will experience a positive innovative impact in the working environment. On the other hand, autonomous tractors can be configured to function as mobile access points to gather information from sensors in the field.
Hence, the interest in autonomous tractors is invoked to drive the development of the autonomous agricultural equipment market.
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