Stratview Research announces the launch of a new research report on the Autonomous Farm Equipment Market is Segmented by Operation Type (Fully Autonomous and Partially Autonomous), by Product Type (Tractors, Harvesters, and UAV Drone), by Technology Type (Software and Hardware), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Autonomous Farm Equipment Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on global Autonomous Farm Equipment Market size, market growth, and opportunities. The report also analyses market key aspects such as-
Highlights from the Report
Autonomous Farm Equipment Market is likely to witness a CAGR of 10.6% during the forecast period. Increase in shortage of labor coupled with shifting trends towards usage of autonomous equipment and high implementation of drones in agricultural applications are some of the major factors fueling the growth of the market during the forecast period.
In terms of regions, North America is estimated to be the dominating region in the market during the forecast period owing to the presence of various major industry players and growing utilization of tractors and combined harvesters in the region. On the other hand, Europe and Asia-Pacific are also estimated to witness significant growth in the market on account of events leading to increased productivity across both of the regions during the forecast period.
According to the report, the key players of the market are –
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3D Robotics, ADAMA Ltd., AGCO Corporation, Agribotix, Agri-Tronix Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, Case IH, Clearpath Robotics, Inc., and Deutz-Fahr are among the key players in the autonomous farm equipment market.
North America is expected to be the dominating autonomous farm equipment market during the forecast period of 2021-26.