Global Autonomous Farm Equipment Market Analysis 2022
The Global Autonomous Farm Equipment Market is expected to reach $99.27 billion by 2028 growing at a CAGR of 7.9% from 2021 to 2028. Automation of farming equipment offers numerous benefits in the form of faster and more precise operations regardless of weather conditions and time, along with the ability to take up heavy and highly complex operations. Autonomous farm equipment help in saving the cost and time involved in the yielding, thereby making this advanced equipment a preferable choice for farming procedures.
Factors such as the rising adoption of advanced technical solutions in farming and government support with farm loan waivers/ credit finance are driving the growth of the market. However, the growth of the rental market and High equipment costs are restraining the growth of the market.
Based on application, the agriculture segment is going to have a lucrative growth during the forecast period owing to the growing population demand for food safety is boosting the usage of innovative agricultural technologies to efficiently increase farm productivity.
The key vendors mentioned are Agribotix (AgEagle), Robert Bosch GmbH, Naio Technologies, Deutz-Fahr, Kinze Manufacturing, John Deere, Farmdroid ApS, AgXeed, Ecorobotix, DJI, Autonomous Solutions Inc., CNH Industrial NV, American Robotics (ONDAS), Bobcat Company, Agritronics, Mahindra and Mahindra, AGCO, 3D Robotics, Energid and Clearpath Robotics.
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