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Autonomous Agricultural Vehicle Market Trends

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

Autonomous Agricultural Vehicle Market Trends

Autonomous agricultural vehicles are witnessing significant technological advancements. GPS, light detection and ranging (LiDAR), and real-time kinematic positioning (RTK) advancements are enabling autonomous agricultural vehicles to navigate and detect obstacles with greater precision. This enables them to function safely and efficiently in difficult field contexts, despite variances in topography or lighting conditions. The development of advanced sensors, such as multispectral cameras and hyperspectral imaging systems, enables autonomous vehicles to gather extensive information on crop and soil health. This information may be utilized to optimize resource utilization, detect issues early, and make educated decisions regarding irrigation, fertilization, and pest management. Increased processing power and developments in AI algorithms allow autonomous vehicles to examine sensor data in real-time. This allows them to make autonomous decisions, adjust operations based on field conditions, and continuously learn & improve their performance over time.
 

For instance, in January 2024, Yanmar unveiled a new driverless concept for zero-emission agriculture the e-X1, an electric drive compact agricultural machine designed to achieve zero emissions in the agricultural sector. This innovative machine is equipped with various features that enhance its functionality and sustainability such as accommodating implements such as rotary tillers and grass cutters for tasks such as weeding, snow removal, and cultivating. The e-X1 prioritizes operator safety through remote control operation, ensuring a safe working environment during agricultural tasks. Additionally, it is designed with crawlers instead of wheels for stable operation on slopes and uneven terrains.

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.

Autonomous Agricultural Vehicle Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 250
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