Artificial Intelligence in Autonomous Farm Equipment an Exciting Prospect: Fact.MR
With the rising demand of autonomous tractors equipped with auto-steering and auto data collecting systems from the customers, manufacturers are riveted to invest more in R&D activities to incorporate AI. Hence fostering the sales.
"Heightened investments by manufacturers in research and development for advanced technology such as drones and fully automated tractors is stimulating growth of autonomous farm equipment," says a Fact.MR analyst.
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Key Takeaways
Competitive Landscape
Some of the key players profiled by Fact.MR supplying autonomous farm equipment include Bobcat, AGCO Corporation, John Deere, Case IH, Yanmar, D Robotix, Agribotix, ADAMA Agricultural Solution Ltd., Mahindra, Rowbot, and Clearpath Robotics among others. According to the study, the market is highly competitive and quality product innovation is the key strategy adopted by prominent players.
For instance, in December 2020, Raven Industries announced the launch of its first commercially-available Driverless Ag Technology: AutoCart. This autonomous grain cart solution is available in the market since the 2021 harvest season. The new product launch showcased the company's position as the technology leader in the agriculture by bridging the gap from human-operated to fully-autonomous platform.
In similar fashion, Yanmar Agribusiness Co. Ltd., in February 2021, upgraded its autonomous tractor with multi-frequency antenna to improve its performance capabilities. This upgraded autonomous tractors series will be available in the market from 1stApril 2021, capable of full or partial autonomous operation, providing customer with the improved results for their farming needs.
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More Valuable Insights on Autonomous farm equipment Market
Fact.MR, in its latest report, offers a detailed segmentation of the global autonomous farm equipment market. The study divulges essential insights on the autonomous farm equipment market on the basis of product (tractors, harvesters, UAVs, and others), and region (North America, Latin America, Europe, East Asia, South East Asia & Oceania, and MEA)
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