Autonomous Farm Equipment Market Share

North American Market Statistics

North America in autonomous farm equipment market is set to account for more than 36% revenue share by the end of 2037. By 2037 the industry of autonomous farm equipment in North America will reach around USD 62.1 billion.

This rapid expansion will be noticed mainly due to the adoption of accurate automation in agriculture in this region. As shared in the journal of the U.S. Department of Agriculture (USDA) in February 2023, yield maps, soil maps, VRT, and guidance systems are used by at least half of moderately large row crop farms (those at or above the third quintile of acreage, that is, with at least 60% of fields on farms with lower acreage) in North America.

The autonomous farm equipment market has amplified in the U.S. as a result of a rising application of GPS application in farms in the U.S. Moreover, taking the estimates of USDA into account that were released in February 2023, for on-farm productivity, GPS apps were utilized on 40% of total U.S. farm and ranchland acreage in 2019.

The Canadian autonomous farm equipment sector will notice enormous growth mainly due to the country’s commitment to agricultural progress. As per the Organization for Economic Cooperation and Development (OECD) Library evaluation done in 2023, in recent years, around 40% of GSSE was made up of expenditures on agricultural innovation and expertise, as well as inspection and control systems. Between 2020 and 2022, the Total Support Estimate (TSE) accounted for 0.4% of GDP.

APAC Market Analysis

The Asia Pacific region will encounter massive growth in the sector of the autonomous farm equipment sector market during the anticipated period.

The increased demand for good grain quality due to the rising population will drive the market expansion of autonomous farm equipment. In line with the Food and Agricultural Organization’s journal published in 2023, by 2025, Asia's rice consumption will have increased by more than 51% from 1995, the base year. It is anticipated that the 524 million tonnes of demand currently in place will rise to above 700 million tonnes.

Autonomous farm equipment is especially going to increase massively in China, driven by the rising adoption of autonomous technologies by farmers in this country. According to the World Bank Group published in 2019, farmers in Guangdong applied 770 kg of fertilizer per acre, which was twice as much as in Japan, five times as much as in Thailand, and six times more than in the US.

In Japan, autonomous farm equipment market will encounter massive growth because of the government initiatives for sustainable farming and the use of sustainable crop protection chemicals in this region. As stated in the Multidisciplinary Digital Publishing Institute in 2024, the Japanese government hopes to see 63,000 hectares of organic farming under cultivation by 2030, and by 2050, that amount of land should make up 25% of all agricultural land.

The autonomous farm equipment sector will also be huge in India due to the huge expansion of the farmland in this country and the huge opportunity to perform sustainable farming. Based on a thorough study of yearly land use and land cover issued in April 2024 by the National Remote Sensing Centre (NRSC), ISRO, Hyderabad, built-up land showed a modest increase with an overall gain of almost 31% between 2005-06 and 2022-23.