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Global Autonomous Farm Equipment Market Size To Worth USD 192.1 Billion By 2032 | CAGR 10.2%

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New York, United States , May 15, 2023 (GLOBE NEWSWIRE) — The Global Autonomous Farm Equipment Market Size is to grow from USD 72.3 Billion in 2022 to USD 192.1 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 10.2% during the projected period. The market is primarily driven by rising food demand as the world’s population grows, the need to increase agricultural productivity, and a shortage of skilled labor in the farming sector. Autonomous farm equipment has several advantages, including lower labor costs, increased efficiency, and higher crop yields, making it an appealing investment for farmers.

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The autonomous farm equipment offers agricultural, horticultural, animal husbandry, and forestry equipment. Autonomous farming is the modelling and regulation of agricultural machinery within a unified framework. These agricultural technologies use the on-farm sensing and control power of automated farming equipment to achieve agronomy-based goals. One of the market’s major driving factors is the use of autonomous equipment in cultivating land processes such as harvesting, seed sowing, fertilization, and scarifying. Autonomous equipment, in part, reduces human effort by assisting the driver in specific actions. While autonomous equipment does not require a driver, a variety of software and hardware components completely replace the driver. These are the key factors that are anticipated to propel the Global Autonomous Farm Equipment Market over the period of forecasting.

To meet the changing needs of farmers, key players are investing heavily in research and development to improve the capabilities of autonomous farm equipment and expand their product portfolio. Verdant Robotics, a robotics system manufacturer based in the United States, developed its robot-as-a-service (RaaS) model in February 2022 with autonomous farm robots that include artificial intelligence, computer vision, GPS (global positioning system)-denied navigation, robotics, chemistry, and soil, as well as plant sciences to achieve the next phase of crop production.

Government support is a key driver of the autonomous farm equipment market, as it can help to accelerate adoption and reduce the financial risk for farmers who invest in new technology. Autonomous farm equipment typically has a higher initial investment cost than traditional farm equipment. This high cost can be a deterrent for farmers.   

Browse key industry insights spread across 200 pages with 105 market data tables and figures & charts from the report onGlobal Autonomous Farm Equipment Market Size, Share, and COVID-19 Impact Analysis, By Technology (Partially Autonomous, Fully Autonomous), By Product Type (Harvesters, Tractors, Unmanned Aerial Vehicles (UAVs), and Others), By Application (Horticulture, Agriculture, Animal Husbandry, Forestry, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032.” Get Detailed Report Description Here

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The partially autonomous segment is anticipated to hold the largest share of the global autonomous farm equipment market during the forecast period.

The global autonomous farm equipment market is divided into two categories based on technology: partially autonomous and fully autonomous. The partially autonomous segment is expected to account for the majority of the global autonomous farm equipment market during the period of forecasting. The farm equipment that is partially autonomous is designed to operate with some human intervention, which accounts for the expansion. These machines may be outfitted with sensors and software to perform specific tasks autonomously, such as planting or spraying crops, but they still require human supervision and control.

The tractors segment is expected to hold the largest share of the global autonomous farm equipment market over the study period.

The global autonomous farm equipment market is divided into harvesters, tractors, unmanned aerial vehicles (UAVs), and others based on product type. Among these, tractors are expected to account for the largest share of the global autonomous farm equipment market during the study period. Tractors are essential equipment for most farming operations, and the adoption of autonomous technology in tractors can significantly improve efficiency and productivity. Autonomous tractors are intended to perform tasks like plowing, planting, and spraying crops without the assistance of human operators.

The agriculture segment is anticipated to hold the largest share of the global autonomous farm equipment market over the projected period.

The global autonomous farm equipment market is divided into several applications, including horticulture, agriculture, animal husbandry, forestry, and others. Among these, agriculture is expected to account for the largest share of the global autonomous farm equipment market over the forecast period. Agriculture is the largest sector of the global economy, and demand for food and agricultural products continues to rise. The use of autonomous technology in agriculture can assist farmers in optimizing crop yields, lowering labor costs, and improving resource efficiency.

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North America is estimated to hold the largest share of the global autonomous farm equipment market during the predicted timeframe.

North America is anticipated to hold the largest share of the global autonomous farm equipment market during the study period. Some of the key factors driving the market growth are the high adoption rate of advanced technologies in the agricultural sector and the presence of major autonomous equipment manufacturers in the region. The United States and Canada are the primary markets for autonomous farm equipment in North America, with a focus on crop cultivation equipment such as autonomous tractors and crop monitoring drones. The Asia Pacific market for autonomous farm equipment is projected to expand at the highest pace throughout the period of projection, fueled by the region’s rising demand for food and agricultural products and the increasing adoption of precision agriculture practices. The country has a large agricultural industry, and the implementation of autonomous farm equipment is anticipated to help farmers enhance crop yields while lowering labor costs.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Autonomous Farm Equipment Market include Bobcat, Autonomous Solutions, Clearpath Robotics, Agrobot, New Holland, Case IH, John Deere, AGCO Corporation, Yanmar, ClaasKGaA GmbH, Iseki & Co., Kubota, Kinze Manufacturing, Energid, Deutz-Fahr, and Others.   

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Recent Developments

In March 2023, Ouster & Fieldin Announces the Largest Retrofit Autonomy Kit Deployment for Autonomous Tractors.

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Browse Related Reports

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Autonomous Farm Equipment Market based on the below-mentioned segments:

Global Autonomous Farm Equipment Market, By Technology

  • Partially Autonomous
  • Fully Autonomous

Global Autonomous Farm Equipment Market, By Product Type

  • Harvesters
  • Tractors
  • Unmanned Aerial Vehicles (UAVs)
  • Others

Global Autonomous Farm Equipment Market, By Application

  • Horticulture
  • Agriculture
  • Animal Husbandry
  • Forestry
  • Others

Global Autonomous Farm Equipment Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa.

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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