Autopilot Agricultural Vehicle Market: Analysis | Leading Players, Industry Updates, Future Growth, Business Prospects 2016 - 2024
Autopilot Agricultural Vehicle: Introduction
- Autopilot agricultural vehicles ride on a predefined path with the help of global positioning system (GPS) or Global Navigation Satellite System (GNSS). They are used to carry out various agricultural activities including plowing, rowing, fertilizing, and tilling. These vehicles are generally employed for row agriculture or row cropping, as they efficiently work on a designated and straight and simple path. Autopilot agricultural vehicles are also used in vineries and orchards and during harvesting in order to harvest and collect grains. Automatic and semi-automatic agriculture vehicles reduce the labor required for work, which in turn reduces the labor cost. This is likely to boost the autopilot agricultural vehicle market across the globe.
Key Drivers of Autopilot Agricultural Vehicle Market
- Rise in rate of adoption of advanced technology in agriculture vehicles, including autonomous tractor and robotic system that assist handling of equipment and increase the accuracy of farming, is anticipated to propel the autopilot agricultural vehicle market across the globe. Demand for automated and semi-automated vehicles has increased, owing to a large number of farmers opting for automated vehicles over manual operated vehicles
- Rise in use of Internet of Things (IoT) in agriculture machinery and vehicles is likely to boost the autopilot agricultural vehicle market. Rise in development in technology including electric driverless tractor and also fleet telematics, which takes data from the equipment that can be utilized to maintain vehicle data, is anticipated to boost the autopilot agricultural vehicle market across the globe
- The pandemic spread to all corners of the world between March and April 2020. Italy, France, the U.K., Spain, and Germany, which are considered to be powerhouses in term of agriculture and related component production, import, and export, have been heavily hit by the pandemic. Various governments in Europe, the Americas, and rest of the world have shut down manufacturing plants, as a result the forceful quarantine, in order to reduce the spread of the infections
Asia Pacific & Europe to Hold Significant Share of Global Autopilot Agricultural Vehicle Market
- Asia Pacific is projected to hold a major share of the global autopilot agricultural vehicle market due to rapid expansion of the economy and a rise in population across the region. Increase in government initiatives and rise in productivity across the region is likely to propel the autopilot agricultural vehicle market across Asia Pacific. Rise in consumer trend toward autonomous tractors is likely to propel the autopilot agricultural vehicle market across the region.
- Followed by Asia Pacific, Europe is projected to account for a significant share of the global autopilot agricultural vehicle market due to an increase in adoption of technology including robotic systems. Europe is home to major agriculture equipment manufacturers who have advanced research and development facilities regarding autonomous vehicles, which is anticipated to boost the autopilot agricultural vehicle market across Europe.
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Key Players Operating in Autopilot Agricultural Vehicle Market
The global autopilot agricultural vehicle market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global autopilot agricultural vehicle market are:
- AGCO Corporation
- Trimble Inc.
- Autonomous Tractor Corporation
- Tersus GNSS Inc.
- ARGO SpA
- Bucher Industries AG
- CNH Industrial NV
- Deere & Company
- Escorts Ltd
- Kubota Corporation
- Mahindra & Mahindra Ltd
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