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Global $28.9 Billion Autonomous & Semi Autonomous Agriculture Equipment Markets to 2026

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Dublin, Sept. 24, 2021 (GLOBE NEWSWIRE) — The “Global Autonomous Agriculture Equipment Market: Focus on Application, Equipment Type, Type, and Country-Wise Analysis and Forecast, 2020-2026” report has been added to ResearchAndMarkets.com’s providing.

The world autonomous agriculture gear market is predicted to attain $28.90 billion by 2026, with a CAGR of 10% in the course of the forecast interval 2021-2026.

High progress out there is predicted to be pushed by vital developments in expertise and the incorporation of synthetic intelligence within the agriculture sector.

Apart from this, the market can also be pushed by elements such because the adoption of autonomous gear in industrial farms, excessive productiveness, and profitability in contrast to standard farming. Thus, the rising demand for autonomous gear within the agriculture sector can also be accountable for such a better progress within the autonomous agriculture gear market.

The section offers a quick overview of the product portfolio of various firms and the market presence of various merchandise present out there. For occasion, in December 2020, Monarch Tractor launched a totally electrical sensible tractor.

To overcome points reminiscent of labor shortages, sustainability, and environmental considerations, the corporate launched a driverless tractor. This signifies a larger emphasis on autonomous applied sciences is predicted to lead to their highest progress fee amongst all of the applied sciences out there out there.

Market by Application, Analysis, and Forecast: The section offers a quick overview of the market standing of various functions of the product and key gamers providing merchandise in these functions. The harvesting is predicted to lead the market when it comes to utility.

Autonomous gear is witnessing rising demand in harvesting functions, majorly due to varied nations going through growing older populations and labor shortages. Various nations are attempting to make additional enhancements within the agriculture sector in order that younger individuals are attracted to farms. For occasion, in January 2021, Japan created harvesting robots to assist growing older farmers and the scarcity of labor.

An autonomous machine has been developed by National Research Institute Agricultural Research Organization, Ritsumeikan University, and Denso for harvesting apples in Japan’s orchards, therefore, rising the demand for the market in the course of the forecast interval.

Impact of COVID-19 on Global Autonomous Agriculture Equipment Market

The provide chain of nearly all of the industries throughout the globe acquired impacted due to COVID-19, together with the autonomous agriculture gear trade. A big affect was witnessed on the worldwide autonomous agriculture gear market as gear producers had been unable to present the required gear due to lockdown and different restrictions imposed by the federal government to forestall the unfold of the COVID-19.

Market Segmentation

Global Autonomous Agriculture Equipment Market by Application

The autonomous agriculture gear market by utility is led by harvesting. Harvesting is especially carried out for amassing ripe crops from the sphere. Harvesting actions embrace stacking, dealing with, threshing, reaping, cleansing, and hauling. These actions may be carried out by way of harvesters alone or a mixed harvester can be utilized to carry out the operations concurrently.

Field and row crops reminiscent of potatoes, wheat, corn may be simply gathered by absolutely autonomous gear reminiscent of tractors and planters. Thus, the demand for autonomous agriculture gear for harvesting is highest amongst different functions.

Global Autonomous Agriculture Equipment Market by Equipment

The world autonomous agriculture gear market by gear kind is dominated by tractors. The autonomous tractor is witnessing a rise in demand, majorly owing to the rising concern of labor shortages and providing elevated productiveness and efficiencies, bringing larger yields.

The expertise used within the autonomous tractor permits working for 24-hour, round the clock operations and distant administration of operations by the customers.

Global Autonomous Agriculture Equipment Market by Region

North America generated the very best income of $7.4 billion in 2020, which is attributed to the technological developments within the North America area. With excessive meals security, labor scarcity, and safety considerations within the area, autonomous gear within the area has provided a giant resolution to the meals security, labor scarcity, and safety considerations.

The area is predicted to witness excessive progress of CAGR 11.2% in the course of the forecast interval.

Key questions answered within the Report

  • What is the estimated world autonomous agriculture gear market dimension when it comes to income for the forecast interval 2021-2026, and what’s the anticipated compound annual progress fee (CAGR) in the course of the forecast interval 2021-2026?

  • What are the important thing traits, market drivers, and alternatives out there pertaining to autonomous agriculture gear?

  • What are the foremost restraints inhibiting the expansion of the worldwide autonomous agriculture gear market?

  • What sorts of latest methods are being adopted by the prevailing market gamers to broaden their market place within the trade?

  • What is the aggressive power of the important thing gamers within the autonomous agriculture gear market primarily based on evaluation of their current developments, product choices, and regional presence?

  • How is the aggressive benchmarking of the important thing autonomous agriculture gear firms within the agriculture market primarily based on the evaluation of their market protection and market potential?

  • How a lot income every of the segments is predicted to report in the course of the forecast interval and what’s the estimated progress share?

  • Which are the main consortiums and associations within the world autonomous agriculture gear market, and what are their roles out there?

  • How does the regulatory panorama differ in several areas for autonomous agriculture gear?

Market Report Coverage

Market Segmentation

  • Application: Harvesting, Spraying, Planting, and Others

  • Equipment Type: Tractors, Planters, Unmanned Aerial Vehicles (UAV), and Others

  • Type: Semi-Autonomous and Autonomous

Market Growth Drivers

  • Significant Development in Technology and Incorporation of Artificial Intelligence in Agriculture Sector

  • Adoption of Autonomous Equipment in Commercial Farms

  • High Productivity and Profitability Compared to Conventional Farming

Market Challenges

Market Opportunities

  • Increasing Awareness about Sustainability

  • Consolidation within the Agriculture Industry and Change of Food Production System

  • Shortage of Labor within the Agriculture Sector

Key Market Players

For extra details about this report go to https://www.researchandmarkets.com/r/jbi416

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