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Autonomous Harvester Market Trends

Report ID: GMI10476
Published Date: Jul 2024
Report Format: PDF

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Autonomous Harvester Market Trends

The growing trend towards precision agriculture, which focuses on optimizing field-level management in crop farming, is driving the growth of the market. Furthermore, the increasing government and private sector initiatives to encourage smarter agriculture practices are major trends contributing to the growth of the market during the forecast period. For instance, in April 2024, FMC India, an agricultural sciences company partnered with FMC Corporation to launch the precision agriculture platform, arc farm intelligence in India to encourage smarter agricultural practices for farmers, advisers, and channel partners. The platform combines real-time data and predictive modeling to help farmers in monitoring field conditions and pest pressure. Autonomous harvesters, equipped with advanced sensors and data analytics capabilities, contribute to precision agriculture by enabling accurate and enhanced harvesting.

Furthermore, autonomous harvesters are being integrated with advanced data analytics and IoT technologies which allows farmers to make data-driven decisions to improve crop yields and resource usage, further enhancing the ability to meet rising food demand. The continuous improvement in autonomous technologies, majorly driven by increased demand and investment, ensures that these machines become more efficient and accessible over a period of time.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The industry size for autonomous harvester size was valued at USD 1.5 billion in 2023 and is anticipated to witness 12% CAGR between 2024 and 2032 attributed to the significant shortage of skilled labor in the agricultural sector.

The semi-autonomous level of automation segment accounted for over 50% of the autonomous harvester industry share in 2023 and is expected to reach USD 1.8 billion by 2032 due to their accessibility to a wider range of farmers including small and medium-sized farms

The grains & cereals crop type segment held 44% of the autonomous harvester market share in 2023 owing to higher adoption to collect valuable data on yield, moisture content, and field conditions.

North America held over 35% of the global industry share in 2023 led by hefty investments in R&D to develop cutting-edge autonomous farming equipment.