Market Dynamics and Growth Factors for Autonomous Agricultural Machinery

The autonomous farm equipment market was estimated at USD 64.24 billion in 2022 and is likely to grow at a CAGR of 5.96% during 2023-2028 to reach USD 92.66 billion in 2028.

Autonomous farm equipment refers to advanced machines and vehicles used in agriculture that can operate and perform tasks without human intervention. Also referred to as autonomous agricultural machinery or farm robots, this equipment uses sensors, artificial intelligence algorithms, GPS technology, etc. to perform specific functions accurately. Autonomous farm equipment is designed to assist farmers in a wide range of tasks, including planting, harvesting, soil preparation, crop monitoring, etc.