<p class="ql-align-justify"><a href="https://www.emergenresearch.com/industry-report/powered-agriculture-market">https://www.emergenresearch.com/industry-report/powered-agriculture-market</a></p><p class="ql-align-justify">Increasing need for cost-effective farming and demand for better quality farming products and equipment are some key factors expected to support market revenue growth between 2022 and 2030.</p>

The Powered Agriculture Revolution: Understanding the Market and Its Impact

<div>Market Synopsis</div><p>The global powered agriculture market size reached USD 52.87 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period. Increasing need for more cost-effective farming techniques and solutions and rising demand for better quality farming products are some of the key factors expected to drive global powered agriculture market revenue growth during the forecast period.</p><p>Increasing need to reduce pollution by reducing use of chemicals is also expected to drive revenue growth of the global powered agriculture market to a significant extent going ahead. Powered agriculture is the process of using agricultural machinery and advanced technologies to mechanize processes in the field of agriculture, which results in increasing farm productivity. Powered agriculture is crucial in agriculture for performing timely farm operations, reducing operating costs, and maximizing utilization efficiency of costly inputs such as seeds, fertilizer, plant protection chemicals, water, and agricultural machinery. Reducing tracts of arable land, water resources, and labor force have increased the need for powered agriculture in most developing countries, which is expected to drive market revenue growth over the forecast period. In addition, increased use of pesticides leads to increased pollution. Reducing water tables and rains and soil degradation are major problems associated with traditional farming. Powered agriculture is the best solution as the process of farming with powered equipment significantly reduces wastage of natural resources, reduced ecological footprint, and climate impact as compared to traditional farming techniques.</p><p dir="ltr">Negative environmental impact and unsustainable farming practices are major problems caused by traditional farming techniques and approaches. These practices lead to food insecurity, financial losses, crop failure, and climate change, including cycles of drought. In addition, malnutrition is also a result of environmental degradation through the loss of topsoil, water scarcity, and forests. The best possible way to reduce environmental degradation is by using powered farming techniques. Powered agriculture benefits the environment by maintaining soil quality, reducing soil degradation and erosion, and saving water. Powered agriculture saves time and money spent on farming while also improving product quality by optimizing and maintaining the use of pesticides and <a href="https://www.emergenresearch.com/industry-report/liquid-fertilizers-market" dir="ltr">fertilizers</a> used depending on the land. This results in enabling farmers to maximize yield by using minimum resources such as water, fertilizers, and <a href="https://www.emergenresearch.com/industry-report/organic-seeds-market" dir="ltr">seeds</a>, among others, which results in high-quality crop yield with low risk of crop damage, which is expected to propel market revenue growth during the forecast period.</p><p dir="ltr">However, high initial costs, lack of technical expertise, and low of awareness of modern farming techniques are among some of the key factors expected to hamper global powered agriculture market revenue growth to some extent over the forecast period. Powered agriculture entails use of different types of powered agricultural equipment such as tractors, agricultural UAVs, combine harvesters, and planters, among others. Deployment of these types of equipment is expensive. Operation and maintenance of powered equipment requires high level of technology, high level of technical expertise in ML, <a href="https://www.emergenresearch.com/industry-report/wireless-power-transmission-market" dir="ltr">power transmission</a>, Computer-aided Design (CAD), and Deep Learning (DL) among others, and the lack of expertise of such applications among users and service providers is hampering market growth.</p><img width="720" height="405" src="https://www.emergenresearch.com/images/reportImages/powered-agriculture-market.webp" alt="Powered Agriculture Market"><div>Component Insights:</div><div>Software segment revenue is expected to expand at a rapid CAGR in the global powered agriculture market during the forecast period</div><p dir="ltr">On the basis of component, the global powered agriculture market is segmented into hardware, software, and services. Software segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to rising adoption of smart equipment in agriculture. Powered agriculture entails use of software to optimize and manage farm operations and agricultural activities. Deployment of software and automation decreases labor costs and improves productivity, as well as enables maintenance of records, data storage, monitoring, analyzing, and streamlining schedules and production. Farmers gain the ability of monitoring the performance and determining what changes need to be made to improve production. In addition, software used in powered agriculture processes also offers better understanding of powered equipment and lab<a href="https://www.emergenresearch.com/industry-report/operating-room-management-solutions-market" dir="ltr">or management</a>. Furthermore, the use of software can help farmers make data-driven decisions and reduce the possibility of making incorrect decisions, which is expected to drive revenue growth of this segment during the forecast period.</p><img width="720" height="360" src="https://www.emergenresearch.com/images/reportImages/powered-agriculture-market-share.webp" alt="Powered Agriculture Market share"><div>Technology Insights:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </div><div>Remote sensing segment accounted for largest revenue share in the global powered agriculture market in 2020</div><p>On the basis of technology, the global powered agriculture market is segmented into guidance technology, remote sensing, and variable rate. Remote sensing segment is expected to account for largest revenue share during the forecast period due to increasing need for monitoring soil data and weather patterns to ascertain probable drought patterns and floods. Remote sensing techniques use different types of sensors and cameras that help in acquiring information about the land from satellites or aircraft. Most widely used remote sensing techniques in powered agriculture processes are Light Detection and Ranging (LiDAR), and Radio Detection and Ranging (RADAR). Remote sensing provides repetitive coverage, thereby allowing real-time monitoring of natural resources in agricultural land. Remote sensing in powered agriculture processes is also used for assessment of vegetation dynamics in determining crop health status and crop disease identification. Besides, remote sensing also helps in minimizing crop damage by reducing flood impacts by preparing flood risk maps, which is expected to augment revenue growth of this segment.</p><div>Equipment Insights:</div><div>Tractors segment revenue is expected to expand at a rapid CAGR in the global powered agriculture market during the forecast period</div><p dir="ltr">On the basis of equipment, the global powered agriculture market is segmented into agricultural <a href="https://www.emergenresearch.com/industry-report/unmanned-aerial-vehicle-market" dir="ltr">unmanned aerial vehicles</a>, tractors, combine harvesters, planters, sprayers, and others. Tractors segment is expected to register significantly rapid revenue growth rate during the forecast period due to increasing need to save time and manual effort in agriculture. Tractors such as driverless and electric tractors, among others, are used in powered agriculture as it has the potential to optimize on-farm operations while providing safer and less stressful agricultural environment for farmers. Tractors are currently equipped with advanced Global Positioning Systems (GPS) technology, Internet of Things (IoT), and <a href="https://www.emergenresearch.com/industry-report/artificial-intelligence-market" dir="ltr">Artificial Intelligence</a> (AI) in order to operate independently without farmer intervention. Increasing government incentives and subsidies to encourage agricultural automation is expected to boost demand for driverless tractors. In addition, increasing need to improve yield, operational efficiency, cost-effectiveness, soil fertility, and profitability are key factors expected to drive revenue growth of this segment.</p><div>Application Insights:</div><div>Yield monitoring segment accounted for largest revenue share in the global powered agriculture market in 2021</div><p>On the basis of application, the global powered agriculture market is segmented into crop scouting, field mapping, variable rate application, yield monitoring, weather tracking &amp; forecasting, irrigation management, inventory management, farm labor management, and others. Yield monitoring segment is expected to lead in terms of revenue contribution to the global market over the forecast period owing to increasing need to address differences and damage to soil. Yield monitoring process entails deployment of sensors such as grain flow sensors, grain moisture sensors, clean grain elevator speed sensors, travel speed sensors, and header position sensors, along with a GPS antenna and receiver, to collect real-time information about the land. This information is then converted into maps or text format. The map or text provides farmers with a variety of benefits, including crop visualization and crop variability, making it possible for farmers to understand the causes of crop variability in different sections of the field. In addition, farmers also use yield monitoring systems to monitor the moisture level of the soil and provide required&nbsp;irrigation to the affected areas in order to maximize productivity. Furthermore, increasing need to collect data regarding the effects of chemicals on the product is expected to support revenue growth of this segment. &nbsp;</p><p dir="ltr">Variable rate application segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing need for application of chemicals in required area and reducing use of unnecessary fertilizer, chemicals, and seeds. The application is based on the data collected by different sensors, maps, and GPS. Variable rate application results in maximizing yield by making informed decisions about seeding and applications of crops nutrition in different areas. Powered agriculture entails use of variable rate application to improve yield quality, crop production traceability, and to make the process environment friendly. As a result, proper application of materials such as seeds, chemicals, and <a href="https://www.emergenresearch.com/industry-report/specialty-fertilizers-market" dir="ltr">fertilizers</a>, among others, reduces soil damage while increasing the lifespan of the cultivated land.</p><div>Regional Insights: </div><div>Asia Pacific accounted for a relatively larger revenue share than other regional markets in the global powered agriculture market in 2021</div><p dir="ltr">Asia Pacific is expected to continue to account for a larger revenue share than other regional markets during the forecast period owing to growing population and availability of good quality soil in countries in the region. Additionally, governments in China and India are investing in improving agriculture practices and adopting smart farming techniques, which is expected to boost overall market revenue growth. The Indian government has collaborated with Microsoft to help small-scale farmers to increase income through higher crop yields and greater price control using AI sensors. Microsoft is enabling precision agriculture capabilities through its cloud and AI technology, and thus, is helping farmers to make informed decisions. Furthermore, increasing government spending on R&amp;D for agricultural UAVs and increasing incentives and subsidies on <a href="https://www.emergenresearch.com/industry-report/powered-agriculture-equipment-market" dir="ltr">powered agriculture equipment</a> are expected to drive market revenue growth during the forecast period.</p><p>North America is expected to register a significantly robust revenue growth rate during the forecast period. Rapid growth rate is&nbsp;attributed to increasing&nbsp;government funding and stringent emission norms for improving environmental conditions, which is leading to increased demand for powered agriculture processes for optimizing the negative effects of excessive use of chemicals, fertilizers, and pesticides. In addition, increasing population and rapid adoption of smart technologies in agriculture in countries such as the U.S. and Canada are key factors expected to open up major growth opportunities for players in the market.</p><img width="720" height="585" src="https://www.emergenresearch.com/images/reportImages/powered-agriculture-market-size.webp" alt="Powered Agriculture Market size"><div>Major Companies and Competitive Landscape </div><p>The global powered agriculture market is moderately fragmented, with a number of small and medium-sized players accounting for majority market revenue. Major companies are deploying various strategies, entering into mergers &amp; acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective powered agriculture equipment. Some major companies included in the global powered agriculture market report are:</p><UL><LI>John Deere &amp; Co.</LI><LI>CNH Industrial N.V.</LI><LI>Kubota Corporation</LI><LI>AGCO Corporation</LI><LI>Yanmar Power Technology Co., Ltd.</LI><LI>CLAAS Tractor SAS</LI><LI>Iseki &amp; Co., Ltd.</LI><LI>SDF S.P.A.</LI><LI>Alamo Group, Inc.</LI><LI>Zetor UK Ltd.</LI></UL><div>Strategic Development</div><UL><LI>In December 2021, CNH Industrial N.V. acquired NX9, which is a software suite specialized in delivering ISOBUS core technologies and applications for agricultural equipment, and related intellectual property rights. The acquisition will enhance the product, brand, distribution, and supply chain strengths based on digital agriculture expertise within the company. It will openly integrate streamlined ISOBUS capabilities across the electrical vehicle architecture of CNH Industrial’s core agriculture product portfolio, predominantly tractors and implements. This integration will enable seamless connection and command and control, particularly for mixed fleets, as well as the acceleration of in-development projects and the faster delivery of in-machine solutions.</LI><LI>In December 2021, AGCO Corporation announced a 2.9% equity investment in Greeneye Technology, which is an emerging leader in precision spraying technology. This investment is expected to increase productivity by enabling farmers to invest in more efficacious crop protection products. As a result, the collaboration will deliver industry-leading smart farming solutions, which will help in improving customers’ net farm income.</LI></UL><div>Scope of Research</div><table border="1" dir="ltr">
<tbody dir="ltr">
<tr dir="ltr">
<td dir="ltr">PARAMETERS</td>
<td dir="ltr">DETAILS</td>
</tr>
<tr dir="ltr">
<td dir="ltr">The market size value in 2021</td>
<td dir="ltr">USD 52.87 Billion</td>
</tr>
<tr dir="ltr">
<td dir="ltr">CAGR (2022–2030)</td>
<td dir="ltr">5.1%</td>
</tr>
<tr dir="ltr">
<td dir="ltr">The Revenue forecast in 2030</td>
<td dir="ltr">USD 82.54 Billion</td>
</tr>
<tr dir="ltr">
<td dir="ltr">Base year for estimation</td>
<td dir="ltr">2021</td>
</tr>
<tr dir="ltr">
<td dir="ltr">Historical data</td>
<td dir="ltr">2019–2020</td>
</tr>
<tr dir="ltr">
<td dir="ltr">Forecast period</td>
<td dir="ltr">2022–2030</td>
</tr>
<tr dir="ltr">
<td dir="ltr">Quantitative units</td>
<td dir="ltr">Revenue in USD Billion and CAGR in % from 2022 to 2030</td>
</tr>
<tr dir="ltr">
<td dir="ltr">Report coverage</td>
<td dir="ltr">
<p dir="ltr">Revenue forecast, company ranking, competitive landscape, growth factors, and trends</p>
</td>
</tr>
<tr dir="ltr">
<td dir="ltr">Segments covered</td>
<td dir="ltr">
<p dir="ltr">Component, technology, equipment, application, Region</p>
</td>
</tr>
<tr dir="ltr">
<td dir="ltr">Regional scope</td>
<td dir="ltr">
<p dir="ltr">North America, Europe, Asia Pacific, Latin America, Middle East &amp; Africa</p>
</td>
</tr>
<tr dir="ltr">
<td dir="ltr">Country scope</td>
<td dir="ltr">
<p dir="ltr">U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA</p>
</td>
</tr>
<tr dir="ltr">
<td dir="ltr">Key companies profiled</td>
<td dir="ltr">
<p dir="ltr">John Deere &amp; Co., CNH Industrial N.V., Kubota Corporation, AGCO Corporation, Yanmar Power Technology Co., Ltd., CLAAS Tractor SAS, Iseki &amp; Co., Ltd., SDF S.P.A., Alamo Group, Inc., and&nbsp; Zetor UK Ltd</p>
</td>
</tr>
<tr dir="ltr">
<td dir="ltr">Customization scope</td>
<td dir="ltr">
<p dir="ltr">10 hrs of free customization and expert consultation</p>
</td>
</tr>
</tbody>
</table><div>Segments Covered in Report</div><p>For the purpose of this report, Emergen Research has segmented global powered agriculture market on the basis of component, technology, equipment, application, and region:</p><UL><LI><div>Component Outlook (Revenue, USD Billion; 2019–2030)</div><UL><LI>Hardware</LI><LI>Software</LI><LI>Services</LI></UL></LI></UL><UL><LI><div>Technology Outlook (Revenue, USD Billion; 2019–2030)</div><UL><LI>Guidance Technology</LI><LI>Remote Sensing</LI><LI>Variable Rate</LI></UL></LI></UL><UL><LI><div>Equipment Outlook (Revenue, USD Billion; 2019–2030)</div><UL><LI>Agricultural Unmanned Aerial Vehicles</LI><LI>Tractors (Driverless, Electric)</LI><LI>Combine Harvesters</LI><LI>Planters</LI><LI>Sprayers</LI><LI>Others</LI></UL></LI></UL><UL><LI><div>Application Outlook (Revenue, USD Billion; 2019–2030)</div><UL><LI>Crop Scouting</LI><LI>Field Mapping</LI><LI>Variable Rate Application</LI><LI>Yield Monitoring</LI><LI>Weather Tracking &amp; Forecasting</LI><LI>Irrigation Management</LI><LI>Inventory Management</LI><LI>Farm Labor Management</LI><LI>Others</LI></UL></LI></UL><UL><LI><div>Regional Outlook (Revenue, USD Billion; 2019–2030)</div><UL><LI>North America
</LI></UL></LI></UL>

Increasing need for cost-effective farming and rising demand for better quality and advanced farming equipment and products are key factors driving market revenue growth

The global Powered Agriculture market size reached 52.87 Billion in 2021 and is expected to reach USD 82.54 Billion in 2030 registering a CAGR of 5.1%. Powered Agriculture industry report classifies global market by share, trend, growth and based on component, technology, equipment, application, and region | Mechanised agriculture

<p>The global powered agriculture market size reached USD 52.87 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period. Increasing need for more cost-effective farming techniques and solutions and rising demand for better quality farming products are some of the key factors expected to drive global powered agriculture market revenue growth during the forecast period. </p>

<p>Increasing need to reduce pollution by reducing use of chemicals is also expected to drive revenue growth of the global powered agriculture market to a significant extent going ahead. Powered agriculture is the process of using agricultural machinery and advanced technologies to mechanize processes in the field of agriculture, which results in increasing farm productivity. Powered agriculture is crucial in agriculture for performing timely farm operations, reducing operating costs, and maximizing utilization efficiency of costly inputs such as seeds, fertilizer, plant protection chemicals, water, and agricultural machinery. Reducing tracts of arable land, water resources, and labor force have increased the need for powered agriculture in most developing countries, which is expected to drive market revenue growth over the forecast period. In addition, increased use of pesticides leads to increased pollution. Reducing water tables and rains and soil degradation are major problems associated with traditional farming. Powered agriculture is the best solution as the process of farming with powered equipment significantly reduces wastage of natural resources, reduced ecological footprint, and climate impact as compared to traditional farming techniques. </p>

<p>Negative environmental impact and unsustainable farming practices are major problems caused by traditional farming techniques and approaches. These practices lead to food insecurity, financial losses, crop failure, and climate change, including cycles of drought. In addition, malnutrition is also a result of environmental degradation through the loss of topsoil, water scarcity, and forests. The best possible way to reduce environmental degradation is by using powered farming techniques. Powered agriculture benefits the environment by maintaining soil quality, reducing soil degradation and erosion, and saving water. Powered agriculture saves time and money spent on farming while also improving product quality by optimizing and maintaining the use of pesticides and <a href="https://www.emergenresearch.com/industry-report/liquid-fertilizers-market">fertilizers </a>used depending on the land. This results in enabling farmers to maximize yield by using minimum resources such as water, fertilizers, and <a href="https://www.emergenresearch.com/industry-report/organic-seeds-market">seeds </a>, among others, which results in high-quality crop yield with low risk of crop damage, which is expected to propel market revenue growth during the forecast period. </p>

<p>However, high initial costs, lack of technical expertise, and low of awareness of modern farming techniques are among some of the key factors expected to hamper global powered agriculture market revenue growth to some extent over the forecast period. Powered agriculture entails use of different types of powered agricultural equipment such as tractors, agricultural UAVs, combine harvesters, and planters, among others. Deployment of these types of equipment is expensive. Operation and maintenance of powered equipment requires high level of technology, high level of technical expertise in ML, <a href="https://www.emergenresearch.com/industry-report/wireless-power-transmission-market">power transmission </a>, Computer-aided Design (CAD), and Deep Learning (DL) among others, and the lack of expertise of such applications among users and service providers is hampering market growth. </p>

<p>On the basis of component, the global powered agriculture market is segmented into hardware, software, and services. Software segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to rising adoption of smart equipment in agriculture. Powered agriculture entails use of software to optimize and manage farm operations and agricultural activities. Deployment of software and automation decreases labor costs and improves productivity, as well as enables maintenance of records, data storage, monitoring, analyzing, and streamlining schedules and production. Farmers gain the ability of monitoring the performance and determining what changes need to be made to improve production. In addition, software used in powered agriculture processes also offers better understanding of powered equipment and lab<a href="https://www.emergenresearch.com/industry-report/operating-room-management-solutions-market">or management </a>. Furthermore, the use of software can help farmers make data-driven decisions and reduce the possibility of making incorrect decisions, which is expected to drive revenue growth of this segment during the forecast period. </p>

<p>On the basis of technology, the global powered agriculture market is segmented into guidance technology, remote sensing, and variable rate. Remote sensing segment is expected to account for largest revenue share during the forecast period due to increasing need for monitoring soil data and weather patterns to ascertain probable drought patterns and floods. Remote sensing techniques use different types of sensors and cameras that help in acquiring information about the land from satellites or aircraft. Most widely used remote sensing techniques in powered agriculture processes are Light Detection and Ranging (LiDAR), and Radio Detection and Ranging (RADAR). Remote sensing provides repetitive coverage, thereby allowing real-time monitoring of natural resources in agricultural land. Remote sensing in powered agriculture processes is also used for assessment of vegetation dynamics in determining crop health status and crop disease identification. Besides, remote sensing also helps in minimizing crop damage by reducing flood impacts by preparing flood risk maps, which is expected to augment revenue growth of this segment. </p>

<p>On the basis of equipment, the global powered agriculture market is segmented into agricultural <a href="https://www.emergenresearch.com/industry-report/unmanned-aerial-vehicle-market">unmanned aerial vehicles </a>, tractors, combine harvesters, planters, sprayers, and others. Tractors segment is expected to register significantly rapid revenue growth rate during the forecast period due to increasing need to save time and manual effort in agriculture. Tractors such as driverless and electric tractors, among others, are used in powered agriculture as it has the potential to optimize on-farm operations while providing safer and less stressful agricultural environment for farmers. Tractors are currently equipped with advanced Global Positioning Systems (GPS) technology, Internet of Things (IoT), and <a href="https://www.emergenresearch.com/industry-report/artificial-intelligence-market">Artificial Intelligence </a>(AI) in order to operate independently without farmer intervention. Increasing government incentives and subsidies to encourage agricultural automation is expected to boost demand for driverless tractors. In addition, increasing need to improve yield, operational efficiency, cost-effectiveness, soil fertility, and profitability are key factors expected to drive revenue growth of this segment. </p>

<p>On the basis of application, the global powered agriculture market is segmented into crop scouting, field mapping, variable rate application, yield monitoring, weather tracking & forecasting, irrigation management, inventory management, farm labor management, and others. Yield monitoring segment is expected to lead in terms of revenue contribution to the global market over the forecast period owing to increasing need to address differences and damage to soil. Yield monitoring process entails deployment of sensors such as grain flow sensors, grain moisture sensors, clean grain elevator speed sensors, travel speed sensors, and header position sensors, along with a GPS antenna and receiver, to collect real-time information about the land. This information is then converted into maps or text format. The map or text provides farmers with a variety of benefits, including crop visualization and crop variability, making it possible for farmers to understand the causes of crop variability in different sections of the field. In addition, farmers also use yield monitoring systems to monitor the moisture level of the soil and provide required irrigation to the affected areas in order to maximize productivity. Furthermore, increasing need to collect data regarding the effects of chemicals on the product is expected to support revenue growth of this segment.   </p>

<p>Variable rate application segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing need for application of chemicals in required area and reducing use of unnecessary fertilizer, chemicals, and seeds. The application is based on the data collected by different sensors, maps, and GPS. Variable rate application results in maximizing yield by making informed decisions about seeding and applications of crops nutrition in different areas. Powered agriculture entails use of variable rate application to improve yield quality, crop production traceability, and to make the process environment friendly. As a result, proper application of materials such as seeds, chemicals, and <a href="https://www.emergenresearch.com/industry-report/specialty-fertilizers-market">fertilizers </a>, among others, reduces soil damage while increasing the lifespan of the cultivated land. </p>

<p>Asia Pacific is expected to continue to account for a larger revenue share than other regional markets during the forecast period owing to growing population and availability of good quality soil in countries in the region. Additionally, governments in China and India are investing in improving agriculture practices and adopting smart farming techniques, which is expected to boost overall market revenue growth. The Indian government has collaborated with Microsoft to help small-scale farmers to increase income through higher crop yields and greater price control using AI sensors. Microsoft is enabling precision agriculture capabilities through its cloud and AI technology, and thus, is helping farmers to make informed decisions. Furthermore, increasing government spending on R&D for agricultural UAVs and increasing incentives and subsidies on <a href="https://www.emergenresearch.com/industry-report/powered-agriculture-equipment-market">powered agriculture equipment </a>are expected to drive market revenue growth during the forecast period. </p>

<p>North America is expected to register a significantly robust revenue growth rate during the forecast period. Rapid growth rate is attributed to increasing government funding and stringent emission norms for improving environmental conditions, which is leading to increased demand for powered agriculture processes for optimizing the negative effects of excessive use of chemicals, fertilizers, and pesticides. In addition, increasing population and rapid adoption of smart technologies in agriculture in countries such as the U.S. and Canada are key factors expected to open up major growth opportunities for players in the market. </p>

<p>The global powered agriculture market is moderately fragmented, with a number of small and medium-sized players accounting for majority market revenue. Major companies are deploying various strategies, entering into mergers & acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective powered agriculture equipment. Some major companies included in the global powered agriculture market report are: </p>

<ul><li>John Deere & Co. </li><li>CNH Industrial N.V. </li><li>Kubota Corporation </li><li>AGCO Corporation </li><li>Yanmar Power Technology Co., Ltd. </li><li>CLAAS Tractor SAS </li><li>Iseki & Co., Ltd. </li><li>SDF S.P.A. </li><li>Alamo Group, Inc. </li><li>Zetor UK Ltd. </li> </ul>

<ul><li>In December 2021, CNH Industrial N.V. acquired NX9, which is a software suite specialized in delivering ISOBUS core technologies and applications for agricultural equipment, and related intellectual property rights. The acquisition will enhance the product, brand, distribution, and supply chain strengths based on digital agriculture expertise within the company. It will openly integrate streamlined ISOBUS capabilities across the electrical vehicle architecture of CNH Industrial’s core agriculture product portfolio, predominantly tractors and implements. This integration will enable seamless connection and command and control, particularly for mixed fleets, as well as the acceleration of in-development projects and the faster delivery of in-machine solutions. </li><li>In December 2021, AGCO Corporation announced a 2.9% equity investment in Greeneye Technology, which is an emerging leader in precision spraying technology. This investment is expected to increase productivity by enabling farmers to invest in more efficacious crop protection products. As a result, the collaboration will deliver industry-leading smart farming solutions, which will help in improving customers’ net farm income. </li> </ul>

<p>Revenue forecast, company ranking, competitive landscape, growth factors, and trends </p>

<p>Component, technology, equipment, application, Region </p>

<p>North America, Europe, Asia Pacific, Latin America, Middle East & Africa </p>

<p>U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA </p>

<p>John Deere & Co., CNH Industrial N.V., Kubota Corporation, AGCO Corporation, Yanmar Power Technology Co., Ltd., CLAAS Tractor SAS, Iseki & Co., Ltd., SDF S.P.A., Alamo Group, Inc., and  Zetor UK Ltd </p>

<p>10 hrs of free customization and expert consultation </p>

<p>For the purpose of this report, Emergen Research has segmented global powered agriculture market on the basis of component, technology, equipment, application, and region: </p>

<ul><li><div>Component Outlook (Revenue, USD Billion; 2019–2030) </div><ul><li>Hardware </li><li>Software </li><li>Services </li> </ul> </li> </ul>

<ul><li><div>Technology Outlook (Revenue, USD Billion; 2019–2030) </div><ul><li>Guidance Technology </li><li>Remote Sensing </li><li>Variable Rate </li> </ul> </li> </ul>

<ul><li><div>Equipment Outlook (Revenue, USD Billion; 2019–2030) </div><ul><li>Agricultural Unmanned Aerial Vehicles </li><li>Tractors (Driverless, Electric) </li><li>Combine Harvesters </li><li>Planters </li><li>Sprayers </li><li>Others </li> </ul> </li> </ul>

<ul><li><div>Application Outlook (Revenue, USD Billion; 2019–2030) </div><ul><li>Crop Scouting </li><li>Field Mapping </li><li>Variable Rate Application </li><li>Yield Monitoring </li><li>Weather Tracking & Forecasting </li><li>Irrigation Management </li><li>Inventory Management </li><li>Farm Labor Management </li><li>Others </li> </ul> </li> </ul>

<ul><li><div>Regional Outlook (Revenue, USD Billion; 2019–2030) </div><ul><li>North America </li> </ul> </li> </ul>

Powered Agriculture Industry Trend | Powered Agriculture Market Forecast Report 2021 to 2030

The Powered Agriculture Revolution: Understanding the Market and Its Impact

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