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Global Autonomous Farm Equipment Market 2019-2023

  • Published: Nov 2018
  • Pages: 123
  • SKU: IRTNTR30356
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The global autonomous farm equipment market size will grow by USD 62.27 billion during 2019-2023. This report offers an analysis of the market based on product (tractors, harvesters, UAVs and others), technology (partially autonomous and fully autonomous), and geography (the Americas, APAC, and EMEA). The autonomous farm equipment market research report analyzes the market’s competitive landscape and offers information on several companies including AGCO, CLAAS, CNH Industrial, Deere & Company, and Kubota.

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

Autonomous Farm Equipment Market

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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

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Tractors - Market size and forecast 2018-2023
  • Harvesters - Market size and forecast 2018-2023
  • UAVs - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY TECHNOLOGY

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • AGCO
  • CLAAS
  • CNH Industrial
  • Deere & Company
  • Kubota

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations

PART 16: EXPLORE TECHNAVIO 

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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