The global autonomous farm equipment market is projected to
expand at over 10% CAGR through 2031, and top a market valuation of US$ 150 Bn
by 2031. Incorporation of Artificial Intelligence (AI) has brought about drastic
changes in autonomous farm
Autonomous farm equipment manufacturers are thriving on the
adoption of cutting-edge technologies, while recovery of manufacturing units
from various constraints due to the COVID-19 pandemic remains key to demand
growth. With the adoption of advanced equipment such as unmanned aerial
vehicles (UAVs), drones, and autonomous tractors equipped with highly efficient
sensors and systems, stakeholders are projected to be highly benefitted in the
post-pandemic years.
The latest report on the autonomous
farm equipment market by Fact.MR thoroughly analysis the global
industry potential and growth scope with special emphasis on the demand-supply
trajectories in the United States, Germany, China, Japan, and a few others
lucrative countries for the forecast period of 2021 to 2031. As stated in the
report, recovery of the agriculture sector will be key for leading players,
while a flurry of inventions by manufacturers will play an important role in
raising industry value over the coming years.
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your competitors, request for a sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=5674
Key Takeaways from
Market Study
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“Inclination towards
highly advanced technical equipment such as fully autonomous tractors,
harvesters, and UAVs is bringing major changes to the outlook of the autonomous
farm equipment industry, fuelling sales further,” says a Fact.MR analyst.
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on this market, request for Methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=5674
How are Advancements
in the Agriculture Sector Boosting Sales of Autonomous Farm Equipment?
As the agriculture industry is gaining back its potential
after overcoming the restraining factors due to the COVID-19 pandemic,
requirement for advanced farm monitoring and management solutions is rising
again. As a result, autonomous farm equipment suppliers are witnessing high
demand owing to various exclusive features of such equipment, such as-
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According to a report titled “Performance of the
Agricultural Sector- Statistics Explained”, published by the European
Commission (EC), the European Union (EU)-27’s agricultural industry created
gross value added of EUR 176.4 billion in 2019, while agriculture contributed
1.3% to the EU-27’s Gross Domestic Product (GDP) in 2019. These figures capture
a glimpse of the growing opportunities for autonomous farm equipment
manufacturers, not only in Europe, but across the world.
Contact Information
Fact.MR
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20852
United States
Phone: +1 (628) 251-1583
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