The global market for autonomous farm equipment is driven by the efforts of the agricultural industry to increase total production. The emergence of new types of farm equipment had helped the farmers and agriculturists in achieving sustained productivity. Moreover, the government has also been supportive of the farmers and have made provisions for state of the art farm equipment. The utility served by autonomous farm equipment during sowing, reaping, irrigation, ploughing, and irrigation has also led to the growth of the global market. A report factored out by TMR research elucidates several factors that have played an instrumental role in the growth of the global market for autonomous farm equipment. The title of the report is ‘Autonomous Farm Equipment Market – Global Industry Analysis, Size, Share, Category, Growth, Trends, and Forecast 2017- 2025’.
It has become imperative for the agricultural industry to increase the total annual productivity in order to meet the demand of an ever-increasing population. Hence, the demand for agricultural farm equipment has escalated because the use of these equipments can speed up processes. Moreover, the cultivable land available across the world has substantially reduced over the past decade. Owing to this factor, the use of autonomous farm equipment has become more popular across the agricultural sector.
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Amongst the various regional segments, the demand for autonomous farm equipment has been increasing across North America and Europe. The support granted to the agricultural sector by the government has aided the growth of the regional markets.
Some of the key players in the global market for autonomous farm equipment are John Deere, Case IH, and AGCO.