Industry Outlook and Trend Analysis
The Autonomous Farm Equipment Market has witnessed significant development in the recent years and is foreseen to grow tremendously over the forecast period. Expanding shortage of labour alongside switching patterns towards the usage of autonomous equipment is among the key variables driving the autonomous farm equipment market. Improvement of autosteering systems in tractors offering higher profitability will additionally help the business development. Development in new businesses concentrating significantly on the usage of robotics in agriculture due to expanding efficiency and diminishment in operation cost. Rising adoption of farm machinery guidance systems in UAV, tractors and harvesters will essentially drive the business development. Industry players are constantly focussed on expanding the penetration of tractors with autosteering applications.
Operation Outlook and Trend Analysis
Fully autonomous will reflect a solid development in the following years. Usage of precision farming system offering the vehicle to drive individually on its own averting obstacles and different vehicles without supervision of the driver will support the autonomous farm equipment market demand. Partially autonomous contribute the main volume share of the business inferable from execution of the frameworks at competitive costs and commercialization of the products.
Product Outlook and Trend Analysis
Tractors catch the main income share and are foreseen to proceed with its strength over the estimate course of events attributable to its wide utilization in agricultural segment. Consistent working capacity of these vehicles with higher ROI variables will emphatically impact the autonomous farm equipment market penetration.
Technology Outlook and Trend Analysis
Consistent improvement in the software boosting the accuracy of the product will additionally bolster the autonomous farm equipment industry growth. Hardware rules the general autonomous farm equipment market income share, representing around 95% due to expanding advancement of the product. Likewise, simple activity of the device for different agricultural process requiring higher limit will emphatically impact the product penetration.
Regional Outlook and Trend Analysis
North America commands the autonomous farm equipment market representing over USD 26 billion in 2016. The high revenue generation can be ascribed to existence of different industry players over the locale. High use of the tractors and consolidate harvesters with autosteering abilities in the region will additionally upgrade the business development.
The leading players in the market are Agricultural Solutions Ltd, Agribotix LLC, Yantra Harvest Automation School, John Deere, Deutz-Fahr, Claas, Autonomous Tractor Corporation, Case IH and Mahindra & Mahindra. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Autonomous Farm Equipment Market is segmented as follows-
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?