Home > Agriculture > Agri Machinery & Tech > Agri Equipment > Autonomous Agricultural Vehicle Market

Autonomous Agricultural Vehicle Market Share

Report ID: GMI9457
Published Date: May 2024
Report Format: PDF

Download Free Sample

Autonomous Agricultural Vehicle Market Share

Deere & Company and CNH Industrial held over 15% market share in 2023. CNH Industrial incorporates autonomous vehicles into precision agriculture solutions, encompassing variable rate technology (VRT), yield monitoring systems, and crop management software. This integration provides farmers with holistic farm management solutions aimed at optimizing inputs, cutting costs, and maximizing yields.

John Deere combines autonomous vehicles with its FarmSight solutions, incorporating JDLink telematics, the MyOperations mobile app, and Operations Center software. This integration offers farmers extensive farm management capabilities, enabling them to plan, monitor, and analyze field activities effectively.

Autonomous Agricultural Vehicle Market Companies

Major players operating in the industry are:

AGCO
John Deere
CNH Industrial
Kubota Corporation
Dutch Power Company
Yanmar Co. Ltd
Zimeno Inc. (DBA Monarch Tractor)
AutoNext Automation
Argo Tractors
Monarch Tractors
Case IH
New Holland

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Autonomous agricultural vehicle industry size was worth USD 5.9 billion in 2023 and is projected to expand at over 17% CAGR from 2024 to 2032, led by the growing trend of mechanization in agriculture and the rising need for efficient machinery.

The semi-autonomous automation segment in the autonomous agricultural vehicle industry recorded 85% revenue share in 2023 owing to their ability to run totally on their own without the need for ongoing human supervision.

The tractors product segment in the autonomous agricultural vehicle industry accounted for over 36% share in 2023 and is estimated to witness substantial gains between 2024 and 2032, as they perform a wide range of duties including plowing, planting, cultivating, harvesting, and carrying commodities.

North America autonomous agricultural vehicle industry recorded 40% share in 2023 and is estimated to expand at noticeable rate through 2032, due to the early adoption of new technology and the presence of large-scale farms.