Autonomous Farm Equipment Market: Industry Growth & Business Statistics Report 2027
The autonomous farm equipment market value is expected to surpass USD 95 billion by 2027. The regulator aimed at introducing an array of measures for boosting the bioeconomy, enhancing farming efficiencies, and the improvement of land management. Additionally, the NFU also underscored the significance of working ‘smarter’ for cutting direct pollution from agriculture, by delivering the same value with fewer emissions.
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The globally increasing endeavor for balancing the food demand with the reduction of global emissions has resulted in the formulation and adoption of several ambitious initiatives, favoring autonomous farm equipment market expansion. One such instance is the UK’s National Farmers’ Union (NFU), which has outlined its goal of achieving carbon neutrality for the British agriculture sector through 2040.
The agriculture industry has recorded an increasing adoption of drones as part of an effective approach to the sustainable management. This is because UAVs help farmers, agricultural engineers, and agronomists in streamlining their operations by deploying robust data analytics for securing effective insights into their crops.
Furthermore, these autonomous equipment facilitate crop monitoring by using drone data for accurate planning and making respective improvements. Additionally, the use of GPS locations enables the accurate tracing of agricultural products from farm to fork, rather than the more conventional labor and time-intensive process of data collection.
Numerous investors are taking a keen interest in funding autonomous tractor startups that devise models, equipped for adding real value to farming operations at affordable prices. For instance, in May 2021, the Munich-based Amathaon Capital announced an investment in AgXeed, a Dutch autonomous tractor startup.
Likewise, a number of market players are focusing on the development of new products and their exhibition at various trade fairs. Citing an instance, in January 2022, John Deere unveiled its first automated tractor, equipped for tilling a field in the absence of a driver, at CES 2022. The heavy-duty machine can be activated with the help of a smartphone and uses sensors and cameras for navigating the farmland.
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Some Point from Table of Contents:
Chapter 5 Autonomous Farm Equipment Market, By Operation (Revenue & Shipments)
5.1 Autonomous farm equipment market share, by operation, 2020 & 2027
5.2 Fully autonomous
5.2.1 Market estimates and forecast, 2016 - 2027
5.3 Partially autonomous
5.3.1 Market estimates and forecast,2016 – 2027
Chapter 6 Autonomous Farm Equipment Market, By Product (Revenue & Shipments)
6.1 Autonomous farm equipment market share, by product, 2020 & 2027
6.2 Tractors
6.2.1 Market estimates and forecast, 2016 - 2027
6.3 Harvesters
6.4 Market estimates and forecast, 2016 - 2027
6.5 UAVs
6.5.1 Market estimates and forecast, 2016 - 2027
6.6 UGVs
6.6.1 Market estimates and forecast, 2016 - 2027
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