The autonomous farm equipment market from UAV segment is estimated to grow at a CAGR over 35% through 2024. The advent of drone technology has brought a revolution in the agriculture sector. Apart from field mapping, they have started showing usability in several agricultural processes. For instance, they are profoundly used for critical agriculture processes such as spraying of fertilizers & pesticides.

These UAVs fitted with numerous sensors and high definition cameras can be utilized for effectively monitoring each and every part of the crop, so that any part of the field facing scarcity of water or other resources can be detected earlier. Growing innovations in UAV technology have been consistently enhancing the drone operations making them smoother and user friendly in terms of functionality.

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Autonomous equipment is designed to give farmers more freedom to manage the farms rather than drive around the farm on a variety of vehicles. Broadly, the operational landscape of autonomous farm equipment market is segmented into partially and fully autonomous farm equipment. Partially autonomous devices already contribute to a large share of the overall autonomous farm equipment industry, subject to their widespread commercialization and competitive pricing.

Farm equipment such as the ones that can separate corn from cob, steer themselves, or pick potatoes while leaving the waste on the field are already widely in use. Fully autonomous farm equipment, such as the ones that can make farming decisions on their own without any human supervision are no more a thing of the future either. Pertaining to rapid technological advancements and farming innovations, fully autonomous farm equipment market size is projected to increase at a growth rate of more than 40% over 2017-2024.

Based on the operation methods, the autonomous equipment market is segmented into fully autonomous and partially autonomous equipment. The partially autonomous segment dominates the market in terms of share by volume, owing to lower price, easy maintenance and high commercialization of these products, especially in the developed nations.

On the other hand, the autonomous equipment segment is propelled by increasing deployment of advanced systems such as GPS and precision farming, and IoT for remote monitoring of the devices. Fully autonomous segment in farm equipment market is projected to substantially grow at a CAGR over 40% during the forecast timeframe.

Tractors segment will lead the autonomous farm equipment market owing to high importance of the device and multirole benefits for carrying out several farm operations. Increasing implementation of self-steering and obstacle avoidance systems in this equipment will drive the business demand. Tractors segment accounted for over 60% of the autonomous farm equipment industry share in 2016 and is further estimated to keep growing at a significant pace through the forecast timeframe.

Key industry players like John Deere, Agrobot, Case IH, CLAAS, AGCO and Mahindra are working towards launching high-grade technological products in autonomous farm equipment industry. It is estimated that a major portion of the farming budget is required not only to buy equipment but also for the upkeep and repair. In this regard, companies partaking in autonomous farm equipment industry share are focusing on bringing forth better hardware technology. As per statistics, hardware technology currently dominates the autonomous farm equipment market, accounting for 95% of the total share.

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Some Point from Table of Contents:

Chapter 4   Autonomous Farm Equipment Market, By Operation

4.1    Autonomous farm equipment industry share by operation, 2016 & 2024

4.2    Fully autonomous

4.3    Partially autonomous

Chapter 5   Autonomous Farm Equipment industry, By Product

5.1    Autonomous farm equipment industry share by product, 2016 & 2024

5.2    Tractors

5.3    Harvesters

5.4    UAV drone

Chapter 6   Autonomous Farm Equipment Market, By Technology

6.1    Autonomous farm equipment industry share by technology, 2016 & 2024

6.2    Software

6.3    Hardware

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