The stand-alone farm equipment market will reach $ 95 billion by 2027, according to Global Market Insights Inc.

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The demand for fully self-contained agricultural equipment has increased as it helps solve the growing problems of labor shortage while simultaneously improving productivity and efficiency, resulting in higher yields. Technology enables stable operations and farmers can regulate their activities remotely. Innovative path generation techniques determine the most effective area coverage design for a field based on the type of job, the vehicle, the size and volume of the implement in the field, and the turning radius of the field. ‘tool. It is equipped with a vehicle control unit which manages functions and transmits real-time status and health information to the remote user.

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The increasing availability of self-contained harvesters for picking fresh produce is contributing to the growth of the market. It features a decentralized weapon architecture that allows it to establish and maintain an optimal level of accuracy. To collect all the information, harvesters use real-time AI and built-in short-range infrared and color depth sensors. This advanced visual processing system helps determine the ripeness of fruits and vegetables. The device is equipped with LiDAR sensors to protect the safety of workers in the field. Market players forge strategic partnerships to design innovative products.

The increasing attention paid to R&D activities in Latin America will fuel demand for the stand-alone farm equipment market. The players in the sector forge strategic partnerships to boost the development of new independent products and develop agricultural practices in the region. For example, in july 2020, Small Robot Company has partnered with Space Time Labs to jointly develop autonomous aerial and ground robots to deliver advanced crop farming solutions in Latin America. The technology will support farmers in nutrition management and disease management activities. Companies are considering working with Argentina & Brazil for prototype testing and scaling procedures.

Some of the key findings of the Self-Contained Farm Equipment Market report are:

The use of artificial intelligence in agriculture will increase the demand for autonomous agricultural equipment. The various benefits of artificial intelligence include precision farming capabilities, improved solutions for rapid harvesting, efficient cultivation, soil management, and the use of advanced analytics to improve agricultural production.

The demand for stand-alone equipment is increasing due to the limited availability of labor which impacts heavy agricultural applications. In addition, fewer people are joining this industry, which creates a challenge in acquiring a skilled workforce. Autonomous technology allows farmers to perform various tasks efficiently with a limited number of workers required to operate the machines.

The market for autonomous agricultural equipment is witnessing the emergence of UGVs with high scalability and varied operating modes for crop protection and precise field surveys. It also helps in optimizing spray efficiency by combining robotic technology with weather data and spray parameters to increase autonomous productivity.

The growing need for drones capable of performing various tasks including crop monitoring, spraying, and crop health and irrigation assessment will drive the market growth. Users can easily obtain the necessary plant-specific metrics and characteristics based on the acquired multispectral data. They can assess plant health in real time, instantly identify insects and weeds, and use crop protection measures to ensure precision farm management.

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Due to technical advancements in manufacturing units in the region, leading market players around the world are planning to expand into MEA. The increase in government investments and development strategies aimed at stimulating the agricultural sector will promote the income of the autonomous regional market for agricultural equipment. Digitization in the agricultural sector has dramatically increased the profitability of autonomous agricultural facilities in the region.

Partial chapters of the report table of contents (TOC):

Chapter 2 Executive Summary

2.1 360º synopsis of autonomous agricultural equipment, 2016 – 2027

2.1.1 Trade trends

2.1.2 Regional trends

2.1.3 Type trends

2.1.4 Application trends

2.1.5 End-use trends

Chapter 3 Self-Contained Farm Equipment Market Overview

3.1 Industry segmentation

3.2 Impact of the coronavirus pandemic (COVID-19)

3.2.1 Global Outlook

3.2.2 Regional perspectives

3.2.3 Industry value chain

3.2.4 Competitive landscape

3.3 Industry Ecosystem Analysis

3.4 Technology and innovation landscape

3.5 Regulatory landscape

3.6 Industry impact forces

3.6.1 Growth drivers

3.6.2 Pitfalls and challenges of the industry

3.7 Analysis of growth potential

3.8 Porter’s analysis

3.9 PESTEL analysis

About Global Market Insights

Global Market Insights Inc., headquartered at Delaware, United States, is a global provider of market research and consulting services; offering syndicated and personalized research reports as well as growth consulting services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid in strategic decision making. These comprehensive reports are designed using a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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SOURCE Global Market Insights Inc.

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