Global Autonomous Farm Equipment Market to Reach $231.8 Billion by 2030
The global market for Autonomous Farm Equipment estimated at US$79.5 Billion in the year 2022, is projected to reach a revised size of US$231.8 Billion by 2030, growing at a CAGR of 14.3% over the period 2022-2030. Partially Autonomous, one of the segments analyzed in the report, is projected to record 12.8% CAGR and reach US$142.1 Billion by the end of the analysis period. Growth in the Fully Autonomous segment is estimated at 17.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $23.8 Billion, While China is Forecast to Grow at 17.8% CAGR
The Autonomous Farm Equipment market in the U.S. is estimated at US$23.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$45.4 Billion by the year 2030 trailing a CAGR of 17.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 11.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.
Select Competitors (Total 66 Featured)
- AGCO Corporation
- CNH Industrial NV
- CLAAS KGaA mbH
- AGCO GmbH (Fendt)
- Amazone-Werke H. Dreyer GmbH & Co. KG
- AgEagle Aerial Systems, Inc.
- Autonomous Solutions, Inc.
- Autonomous Tractor Corporation
- Bobcat Company
- AgJunction, Inc.
- AG Leader Technology
- AutoNxt Automation Pvt. Ltd.
- Bear Flag Robotics