Global Autonomous Farm Equipment Market Value Expected To Reach $102.12 Billion By 2023

Global Autonomous Farm Equipment Market Value Expected To Reach $102.12 Billion By 2023

“Autonomous Farm Equipment Market Global Report 2020-30: COVID-19 Growth And Change”
Claas KGaA Is One Of The Largest Players In The Autonomous Farm Equipment Market, According To The Business Research Company’s Autonomous Farm Equipment Market Global Report 2020-30: COVID-19 Growth And Change

(Companies Covered: Claas KGaA GmbH, Deutz Fahr, AGCO Corporation, John Deere, Case IH)

The global autonomous farm equipment market is expected to decline from $72.76 billion in 2019 to $66.98 billion in 2020 at a compound annual growth rate  of -7.94%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $102.12 billion in 2023 at a rate of 15.09%.

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The autonomous farm equipment market consists of sales of autonomous farm equipment and related services for agriculture, horticulture, animal husbandry, and forestry. Within a unified framework, autonomous farming is the modeling and regulation of agricultural machinery. These farming technologies use the on-farm sensing and control power of automated farming equipment to reach agronomy-based targets.

Global Autonomous Farm Equipment Market Segmentation –

1) By Product Type: Tractors; Harvesters, Unmanned Aerial Vehicles (UAVs), Others

2) By Technology: Partially Autonomous, Fully Autonomous

3) By Application: Agriculture; Horticulture, Animal husbandry, Forestry, Others

Global Autonomous Farm Equipment Market Driver –

Autonomous tractors can be set up to function as mobile hotspots to collect data from sensors in the field. Also, about 34.5% of the global demand for autonomous farm machinery will retain 31–100 HP output capacity of farm tractors in 2026. Therefore, the demand for autonomous tractors is expected to drive the growth of the autonomous farm equipment market.

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Few Points From The Global Autonomous Farm Equipment Market TOC

1. Executive Summary

2. Autonomous Farm Equipment Market Characteristics

3. Autonomous Farm Equipment Market Size And Growth

3.1. Global Autonomous Farm Equipment Historic Market, 2015 – 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Autonomous Farm Equipment Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Autonomous Farm Equipment Market Segmentation

4.1. Global Autonomous Farm Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

4.2. Global Autonomous Farm Equipment Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

4.3. Global Autonomous Farm Equipment Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5. Autonomous Farm Equipment Market Regional And Country Analysis

5.1. Global Autonomous Farm Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Autonomous Farm Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

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