Autonomous Farm Equipment Market Analysis

Operation (Fully Autonomous, Partially Autonomous)

Fully autonomous segment is set to account for around 70% autonomous farm equipment market share by 2037. The rising use of precise farming systems without the assistance of manual effort globally will help this segment to have a massive revenue share by the end of 2037.

Corresponding to the United States Government Accountability Office printed on January 2024, for the fiscal years 2017–2021, the National Science Foundation (NSF) and the USDA will jointly support about USD 200 million in precision agricultural research and development.

Product (Tractors, Harvesters, UAV Drones)

By the end of 2037, tractors segment is expected to capture around 55% autonomous farm equipment market share. The expanding use of tractors and rising versatility will highly drive the market expansion of this segment.

As per our experts' research done in 2024, TAFE tractors are leading the way in the trend of sustainable farming. With the help of these state-of-the-art features, farmers can plant, fertilize, and harvest with pinpoint accuracy, increasing production and minimizing environmental impact.

Technology (Hardware, Software)

In autonomous farm equipment market, hardware segment is expected to dominate over 66% revenue share by 2037. The growth of this segment will be noticed because of the rising development of technologies in farming equipment to increase the efficiency and power of agricultural equipment.

In 2020, data analytics breakthroughs allowed scientists to take enormous steps toward creating a more resilient and productive global food system. The possibilities in crop protection, plant breeding, and other fields are being opened up by the computerized tools; the uses for these technologies are virtually limitless.

Our in-depth analysis of the autonomous farm equipment market includes the following segments: