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Market Research Report

Autonomous Farm Equipment

Published by Global Industry Analysts, Inc. Product code 912990
Published Content info 227 Pages
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Autonomous Farm Equipment
Published: October 1, 2019 Content info: 227 Pages
Description

Autonomous Farm Equipment market worldwide is projected to grow by US$75.2 Billion, driven by a compounded growth of 13.3%. Partially Autonomous, one of the segments analyzed and sized in this study, displays the potential to grow at over 12.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$86.4 Billion by the year 2025, Partially Autonomous will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 13.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$3 Billion to the region's size and clout in the next 5 to 6 years. Over US$5.2 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Partially Autonomous will reach a market size of US$4.8 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 16.7% over the next couple of years and add approximately US$14.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others, AGCO Corporation; Bobcat Company; Claas KGaA mbH; CNH Industrial N.V.; Iseki & Co., Ltd.; John Deere; Kubota Corporation; SDF S.p.A.; YANMAR Co., Ltd.

Table of Contents
Product Code: MCP10614

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS 1

II. EXECUTIVE SUMMARY 12

1. MARKET OVERVIEW 12

  • Growing Population & Food Security Concerns, the Foundation for the Growth of Agricultural Equipment 12
  • Long Term Focus on Feeding the World as Population Touches a Projected 9.2 Billion by 2045 to Sustain the Growth of Mechanized Farm Equipment: Global Population
  • (in 000s) by Region for the Years 2018, 2025, 2035 & 2045 13
  • Climate Change Adds Fuel to the Already Burning Issue of Food Security 13
  • The World of Change Characterized by Rising Surface Temperatures on Earth & its Negative Impact on Agriculture Increases the Reliance on Advanced Farming
  • Systems & Technologies to Sustain Crop Production: Average Global Surface Temperature (In Degrees Fahrenheit) for the Years 1940, 2000 and 2020 14
  • What this Means for Autonomous Farm Equipment? 14
  • Global Competitor Market Shares 15
  • Autonomous Farm Equipment Competitor Market Share Scenario Worldwide (in %): 2022E 15

2. FOCUS ON SELECT PLAYERS 16

3. MARKET TRENDS & DRIVERS 19

  • Declining Agricultural Land Productivity Sets the Stage for Transformation in Farming 19
  • Loss of Arable Land Exerts Immense Pressure on Yields Per Acre: Global Availability of Arable Land as a % of Total Land Area & Hectares Per Person for the Years 1990, 2000, 2018 and 2020 20
  • Growing Investments in Smart Farming & Increased Use of IoT in Agriculture Preps the Market for Robust Growth 20
  • Rise of Smart Agriculture Sets the Stage for Adoption of Automated Farming Technologies: Global Smart Agriculture Market Worldwide (In US$ Billion) for the Years 2019 & 2024 22
  • Increased Deployment of IoT in Agriculture Strengthens the Business Case for Autonomous Farm Equipment: Global Agricultural IoT Market (In US$ Billion) for the Years 2019 & 2024 23
  • Innovation in Advanced Robotics Plays a Key Role in the Commercialization of Autonomous Farm Equipment 23
  • Continuous R&D in Robotics & the Ensuing Expansion of the Robotics Market Bodes Keeps the Innovation Wheel Well Oiled for Agricultural Robotic Solutions: Global Market for Robotics (In US$ Billion) for the Years 2019 & 2024 25
  • GPS Systems & Navigation Emerge to Be Indispensable in Autonomous Farm Equipment 25
  • Technology Penetration of High-Precision GPS Vital in Making Autonomous Vehicles a Reality: Global Positioning Systems (GPS) Market Worldwide (In US$ Billion) for the Years 2019, 2022 and 2025 26
  • Developments in Artificial Intelligence (AI), Machine Vision & Machine Learning Remain Critical to Commercialization & Growth 27
  • Opening Up of Opportunities for AI in Agriculture to Push Up the Innovation Index in the Market: Artificial Intelligence (AI) in Agriculture Worldwide (In US$ Million) for the Years 2019, 2022 and 2025 28
  • Robust Government Budgets for Autonomous Agricultural Technology in Support of Food Security Goals to Benefit Market Growth 28
  • Backed by Government Funding & Support, Automation in Agriculture Gains Ground: Percentage Share (%) of Government Expenditure on Agriculture in Total Budgets by Region for the Years 2010, 2015, 2019 and 2021 30
  • Worsening Labor Shortages & Rising Labor Costs Drives Interest in Autonomous Equipment 30
  • Shrinking Labor for Agriculture Raises the Red Flag Spurring Agriculture on the Road to Automation: Percentage (%) of Agricultural Workers in the Global Workforce for the Years 1992, 2019 & 2022 31
  • As a Bridge to Fully Autonomous Vehicles, Partially Autonomous Vehicles Enjoy Significant Market Dominance 32
  • Driverless Tractors, the Future of Farming on Large Farmlands 32
  • Farm Consolidation & Increase in Average Size of Farm Pave the Way for the Deployment of Driverless Tractors: Average Size of Farms (In Hectares) by Region/Country for the Year 2019 33
  • Agricultural Drones Emerge to Revolutionize Farming in the 21st Century 34
  • Expanding Applications of Commercial Drones Supported by Progressive Improvements in Functionality to Help Autonomous Farm Equipment Cross the Chasm Between Early Adoption to Mass Adoption: Global Commercial Drone Market (In US$ Billion) for the Years 2019, 2022 and 2024 35
  • Emergence of Flying Robots as the New Face of Robotics Coupled With Effervescent R&D in the Space, Paves the Way for Algorithms, Drones & Robots to Revolutionize Agriculture & Farming: Global % Share Spending on Robotics & Drones for the Year 2019E 36
  • Myriad Benefits Drive the Popularity of Automated Harvesters 36
  • Grain Loss During Harvesting Caused by Current Generation Machines Drives Demand for Smart Autonomous Harvesting Machines: Corn Head Kernel Loss While Harvesting With a Combine Harvester 38

4. GLOBAL MARKET PERSPECTIVE 39

  • TABLE 1: Autonomous Farm Equipment Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 39
  • TABLE 2: Autonomous Farm Equipment Market Share Shift across Key Geographies Worldwide: 2019 VS 2025 40
  • TABLE 3: Partially Autonomous (Type) World Market by Region/Country in US$ Million: 2018 to 2025 41
  • TABLE 4: Partially Autonomous (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025 42
  • TABLE 5: Fully Autonomous (Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025 43
  • TABLE 6: Fully Autonomous (Type) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025 44
  • TABLE 7: Tractors (Product Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025 45
  • TABLE 8: Tractors (Product Type) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025 46
  • TABLE 9: Harvesters (Product Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025 47
  • TABLE 10: Harvesters (Product Type) Market Share Breakdown by Region/Country: 2019 VS 2025 48
  • TABLE 11: Other Product Types (Product Type) World Market by Region/Country in US$ Million: 2018 to 2025 49
  • TABLE 12: Other Product Types (Product Type) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025 50

III. MARKET ANALYSIS 51

  • GEOGRAPHIC MARKET ANALYSIS 51
  • UNITED STATES 51
  • TABLE 13: United States Autonomous Farm Equipment Market Estimates and Projections in US$ Million by Type: 2018 to 2025 51
  • TABLE 14: United States Autonomous Farm Equipment Market Share Breakdown by Type: 2019 VS 2025 52
  • TABLE 15: United States Autonomous Farm Equipment Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025 53
  • TABLE 16: United States Autonomous Farm Equipment Market Share Breakdown by Product Type: 2019 VS 2025 54
  • CANADA 55
  • TABLE 17: Canadian Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Type: 2018 to 2025 55
  • TABLE 18: Autonomous Farm Equipment Market in Canada: Percentage Share Breakdown of Sales by Type for 2019 and 2025 56
  • TABLE 19: Canadian Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025 57
  • TABLE 20: Autonomous Farm Equipment Market in Canada: Percentage Share Breakdown of Sales by Product Type for 2019 and 2025 58
  • JAPAN 59
  • TABLE 21: Japanese Market for Autonomous Farm Equipment: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2018-2025 59
  • TABLE 22: Japanese Autonomous Farm Equipment Market Share Analysis by Type: 2019 VS 2025 60
  • TABLE 23: Japanese Market for Autonomous Farm Equipment: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025 61
  • TABLE 24: Japanese Autonomous Farm Equipment Market Share Analysis by Product Type: 2019 VS 2025 62
  • CHINA 63
  • TABLE 25: Chinese Autonomous Farm Equipment Market Growth Prospects in US$ Million by Type for the Period 2018-2025 63
  • TABLE 26: Chinese Autonomous Farm Equipment Market by Type: Percentage Breakdown of Sales for 2019 and 2025 64
  • TABLE 27: Chinese Autonomous Farm Equipment Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025 65
  • TABLE 28: Chinese Autonomous Farm Equipment Market by Product Type: Percentage Breakdown of Sales for 2019 and 2025 66
  • EUROPE 67
  • TABLE 29: European Autonomous Farm Equipment Market Demand Scenario in US$ Million by Region/Country: 2018-2025 67
  • TABLE 30: European Autonomous Farm Equipment Market Share Shift by Region/Country: 2019 VS 2025 68
  • TABLE 31: European Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Type: 2018-2025 69
  • TABLE 32: European Autonomous Farm Equipment Market Share Breakdown by Type: 2019 VS 2025 70
  • TABLE 33: European Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025 71
  • TABLE 34: European Autonomous Farm Equipment Market Share Breakdown by Product Type: 2019 VS 2025 72
  • FRANCE 73
  • TABLE 35: Autonomous Farm Equipment Market in France by Type: Estimates and Projections in US$ Million for the Period 2018-2025 73
  • TABLE 36: French Autonomous Farm Equipment Market Share Analysis by Type: 2019 VS 2025 74
  • TABLE 37: Autonomous Farm Equipment Market in France by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025 75
  • TABLE 38: French Autonomous Farm Equipment Market Share Analysis by Product Type: 2019 VS 2025 76
  • GERMANY 77
  • TABLE 39: Autonomous Farm Equipment Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2018-2025 77
  • TABLE 40: German Autonomous Farm Equipment Market Share Breakdown by Type: 2019 VS 2025 78
  • TABLE 41: Autonomous Farm Equipment Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025 79
  • TABLE 42: German Autonomous Farm Equipment Market Share Breakdown by Product Type: 2019 VS 2025 80
  • ITALY 81
  • TABLE 43: Italian Autonomous Farm Equipment Market Growth Prospects in US$ Million by Type for the Period 2018-2025 81
  • TABLE 44: Italian Autonomous Farm Equipment Market by Type: Percentage Breakdown of Sales for 2019 and 2025 82
  • TABLE 45: Italian Autonomous Farm Equipment Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025 83
  • TABLE 46: Italian Autonomous Farm Equipment Market by Product Type: Percentage Breakdown of Sales for 2019 and 2025 84
  • UNITED KINGDOM 85
  • TABLE 47: United Kingdom Market for Autonomous Farm Equipment: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2018-2025 85
  • TABLE 48: United Kingdom Autonomous Farm Equipment Market Share Analysis by Type: 2019 VS 2025 86
  • TABLE 49: United Kingdom Market for Autonomous Farm Equipment: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025 87
  • TABLE 50: United Kingdom Autonomous Farm Equipment Market Share Analysis by Product Type: 2019 VS 2025 88
  • REST OF EUROPE 89
  • TABLE 51: Rest of Europe Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Type: 2018-2025 89
  • TABLE 52: Rest of Europe Autonomous Farm Equipment Market Share Breakdown by Type: 2019 VS 2025 90
  • TABLE 53: Rest of Europe Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025 91
  • TABLE 54: Rest of Europe Autonomous Farm Equipment Market Share Breakdown by Product Type: 2019 VS 2025 92
  • ASIA-PACIFIC 93
  • TABLE 55: Autonomous Farm Equipment Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2018-2025 93
  • TABLE 56: Asia-Pacific Autonomous Farm Equipment Market Share Analysis by Type: 2019 VS 2025 94
  • TABLE 57: Autonomous Farm Equipment Market in Asia-Pacific by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025 95
  • TABLE 58: Asia-Pacific Autonomous Farm Equipment Market Share Analysis by Product Type: 2019 VS 2025 96
  • REST OF WORLD 97
  • TABLE 59: Rest of World Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Type: 2018 to 2025 97
  • TABLE 60: Autonomous Farm Equipment Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2019 and 2025 98
  • TABLE 61: Rest of World Autonomous Farm Equipment Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025 99
  • TABLE 62: Autonomous Farm Equipment Market in Rest of World: Percentage Share Breakdown of Sales by Product Type for 2019 and 2025 100

IV. COMPETITION 101

1. AGCO CORPORATION 101

  • AGCO GMBH - FENDT 104

2. AGEAGLE AERIAL SYSTEMS, INC. 106

3. AMAZONEN-WERKE H. DREYER GMBH & CO. KG 109

4. AGMECHTRONIX 114

5. AUTONOMOUS SOLUTIONS, INC. (ASI) 116

6. AUTONOMOUS TRACTOR CORPORATION 120

7. AUTONXT AUTOMATION PVT. LTD. 120

8. BOBCAT CO., 122

9. CLAAS KGAA MBH 126

  • CLAAS OF AMERICA LLC 130

10. CLEARPATH ROBOTICS, INC. 132

11. CNH INDUSTRIAL NV 139

  • CASE IH 146
  • CNH INDUSTRIAL OSTERREICH GMBH - STEYR 147
  • NEW HOLLAND AGRICULTURE UK 149
  • NEW HOLLAND AGRICULTURE 150

12. DEERE & COMPANY 151

13. DOGTOOTH TECHNOLOGIES LTD. 156

14. DOT TECHNOLOGY CORP. 157

15. DRONE AG LTD. 159

16. ECOROBOTIX LTD. 159

17. ESCORTS LIMITED 160

18. FARMWISE LABS, INC. 162

19. GUSS AUTOMATION LLC 164

20. HARRIS AERIAL 164

21. HARVEST AUTOMATION, INC. 167

22. HARVEST CROO 169

23. ISEKI & CO., LTD. 170

24. ISO GROUP AGRI SYSTEMS BV 171

25. KINZE MANUFACTURING 176

26. MAHINDRA & MAHINDRA - FARM EQUIPMENT SECTOR 181

27. KUBOTA CORPORATION 185

  • KUBOTA TRACTOR CORPORATION 189
  • KUBOTA (UK) LTD. 189
  • KUBOTA EUROPE SAS 191

28. NAIO TECHNOLOGIES 191

29. PRECISION MAKERS 193

30. ROWBOT SYSTEMS 195

31. SAGA ROBOTICS 196

32. SDF SPA 198

  • SAME DEUTZ FAHR GROUP SPA 200

33. SEEDMASTER MANUFACTURING, INC. 202

34. SHANDONG JOYANCE INTELLIGENCE TECHNOLOGY CO., LTD. 207

35. SIKKO INDUSTRIES LTD. 208

36. SOLUCIONES ROBOTICAS AGRICOLAS, S.L. (AGROBOT) 210

37. SWARMFARM ROBOTICS 211

38. TTA-AMERICA 212

39. WALL-YE 215

40. YANMAR CO., LTD. 215

  • AUTONOMOUS FARM EQUIPMENT MCP10614
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