USD 1.73 billion
Autonomous Outdoor Vehicles Market Size, Share, Growth Analysis, By Type(Unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and unmanned marine vehicles (UMVs)), By Application(Agriculture, mining, construction, logistics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25C2039 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
65
|Figures:
78
Autonomous Outdoor Vehicles Market Insights
Global Autonomous Outdoor Vehicles Market size was valued at USD 1.73 billion in 2022 and is poised to grow from USD 2.33 billion in 2023 to USD 24.75 billion by 2031, at a CAGR of 34.4% during the forecast period (2024-2031).
The autonomous outdoor vehicles market is a growing sector in the robotics and automation industry. These vehicles are designed to operate in outdoor environments and can perform tasks such as lawn mowing, snow removal, and agriculture. The market is expected to grow significantly in the coming years, driven by increasing demand for automation and efficiency in outdoor tasks. One of the major factors driving the growth of the autonomous outdoor vehicles market is the increasing adoption of robotics and automation in various industries. The use of autonomous outdoor vehicles can reduce labor costs and increase efficiency in tasks such as farming and lawn maintenance. Additionally, the increasing focus on sustainability and reducing carbon emissions is driving the adoption of electric and hybrid autonomous outdoor vehicles. The agriculture sector is expected to be a major driver of the autonomous outdoor vehicles market. Autonomous tractors and other farming equipment can reduce the need for manual labor and increase the efficiency of farming operations. The lawn and garden care segment is also expected to grow, with increasing demand for autonomous lawnmowers and other outdoor maintenance equipment.
US Autonomous Outdoor Vehicles Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hardware
Fastest Growth
Hardware
Growth Rate
34.4% CAGR
Global Autonomous Outdoor Vehicles Market ($ Bn)
Country Share for North America Region (%)
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Autonomous Outdoor Vehicles Market Segmental Analysis
Global Autonomous Outdoor Vehicles Market is segmented on the basis of type, application, and region. By type, the market is segmented into unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and unmanned marine vehicles (UMVs). By application, market is segmented into agriculture, mining, construction, logistics, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Autonomous Outdoor Vehicles Market Analysis by Type
The largest segment of the global autonomous outdoor vehicles market is the unmanned ground vehicles (UGVs) segment. This is because UGVs are widely used in various applications, including agriculture, mining, and construction. UGVs are preferred in these industries due to their ability to operate on uneven terrain and their durability. They are also used for tasks such as land surveying, mapping, and material transportation. Furthermore, the increasing adoption of autonomous tractors in precision agriculture is expected to drive the growth of the UGV segment in the coming years.
The fastest-growing segment of the global autonomous outdoor vehicles market is the unmanned aerial vehicles (UAVs) segment. The increasing use of drones in agriculture for crop monitoring, spraying, and yield mapping is driving the growth of this segment. UAVs are also being used in mining for exploration and mapping and in construction for surveying and monitoring of construction sites. Additionally, advancements in drone technology, including increased payload capacity and longer battery life, are further driving the growth of this segment. The use of UAVs is expected to increase significantly in the coming years due to their ability to cover large areas quickly and efficiently, and their increasing affordability.
Autonomous Outdoor Vehicles Market Analysis by Application
The largest segment of the global autonomous outdoor vehicles market is the agriculture segment. The increasing demand for food due to a growing global population has resulted in the need for precision agriculture practices. Autonomous outdoor vehicles are being used in precision agriculture to optimize crop yields, reduce labor costs, and minimize environmental impact. These vehicles are used for crop monitoring, spraying, and harvesting, among other tasks. Additionally, the adoption of autonomous tractors is increasing, particularly in developed countries, which is further driving the growth of the agriculture segment.
The fastest-growing segment of the global autonomous outdoor vehicles market is the logistics segment. Autonomous vehicles, particularly unmanned aerial vehicles (UAVs), are being used in logistics for the delivery of goods and packages. The increasing demand for faster delivery of goods due to e-commerce is driving the growth of this segment. The use of UAVs for delivery is particularly attractive in remote and hard-to-reach areas, where traditional delivery methods may not be feasible. Additionally, autonomous vehicles are being used for material handling and transportation in warehouses and manufacturing facilities, which is further driving the growth of the logistics segment. The adoption of autonomous outdoor vehicles in logistics is expected to increase significantly in the coming years due to their ability to increase efficiency and reduce labor costs.
Global Autonomous Outdoor Vehicles Market By Component
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Autonomous Outdoor Vehicles Market Regional Insights
North America is the largest market for autonomous outdoor vehicles, primarily driven by technological advancements, a supportive regulatory environment, and a high level of R&D investment. The market is dominated by the United States, which is home to some of the world's leading autonomous vehicle manufacturers. The United States is the largest market for autonomous outdoor vehicles in North America, driven by the presence of major players. The country has a well-developed infrastructure for testing and deploying autonomous vehicles, a supportive regulatory environment, and a high level of technological innovation. The market is expected to grow rapidly, with increasing demand for autonomous vehicles in applications such as logistics, mining, and agriculture. Canada is a relatively smaller market for autonomous outdoor vehicles but is expected to grow in the coming years. The market is driven by increasing R&D investment and a supportive regulatory environment. Mexico is a growing market for autonomous outdoor vehicles, driven by increasing investment in the automotive industry and a supportive regulatory environment. The market is expected to grow in the coming years, with increasing demand for autonomous vehicles in logistics and transportation.
The Asia Pacific region is expected to be the fastest-growing market for autonomous outdoor vehicles, primarily driven by the increasing adoption of autonomous vehicles in countries such as China, Japan, and South Korea. The region has a large market for unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs), which are widely used in applications such as agriculture, mining, and construction. China is the largest market for autonomous outdoor vehicles in the Asia Pacific region, driven by the increasing demand for autonomous vehicles in logistics, transportation, and agriculture. The country has a large market for UAVs and UGVs, which are widely used in these applications. Japan is a significant market for autonomous outdoor vehicles, driven by the increasing demand for autonomous vehicles in logistics and transportation. The country has a well-developed infrastructure for testing and deploying autonomous vehicles, a supportive regulatory environment, and a high level of technological innovation. South Korea is a growing market for autonomous outdoor vehicles, driven by the increasing demand for autonomous vehicles in logistics and transportation. The country has a well-developed infrastructure for testing and deploying autonomous vehicles, a supportive regulatory environment, and a high level of technological innovation.
Global Autonomous Outdoor Vehicles Market By Region
- Largest
- Fastest
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Autonomous Outdoor Vehicles Market Dynamics
Autonomous Outdoor Vehicles Market Drivers
Increasing demand for precision agriculture
- The demand for precision agriculture is increasing worldwide due to the need for more efficient and sustainable agricultural practices. Autonomous outdoor vehicles, such as tractors and drones, equipped with sensors and GPS systems, can provide real-time data on crop health, soil conditions, and weather patterns, allowing farmers to make informed decisions and take appropriate actions. This technology not only increases crop yield but also reduces waste, making it an attractive proposition for farmers.
Autonomous Outdoor Vehicles Market Restraints
Concerns over safety and regulations
- There are concerns over the safety of autonomous outdoor vehicles, particularly in industries such as mining and construction, where they are used in hazardous environments. Safety regulations for autonomous outdoor vehicles are still evolving, and there is a lack of clarity over who is liable in the event of accidents or malfunctions. This uncertainty can be a significant restraint for companies considering the adoption of autonomous outdoor vehicles, as they need to be confident that they can operate safely and comply with regulations.
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Autonomous Outdoor Vehicles Market Competitive Landscape
Global Autonomous Outdoor Vehicles Market was highly competitive, with several established players and new entrants vying for market share. Some of the key players in the market are investing heavily in research and development to develop innovative products and gain a competitive edge in the market. In addition, there are several emerging players in the market that are focused on developing autonomous outdoor vehicles for niche applications. These companies are leveraging technologies such as artificial intelligence, machine learning, and computer vision to develop autonomous vehicles that can operate in challenging environments and perform complex tasks. The market is also characterized by partnerships and collaborations between companies to expand their product portfolio and reach new markets.
Autonomous Outdoor Vehicles Market Top Player’s Company Profiles
- Deere & Company
- Trimble Inc.
- AGCO Corporation
- Mahindra & Mahindra Ltd.
- CNH Industrial N.V.
- Yanmar Co., Ltd.
- Kubota Corporation
- Topcon Corporation
- Groupe Exel Industries
- Raven Industries, Inc.
- Ag Leader Technology
- Precision Planting LLC
- AGJunction Inc.
- Autocopter Corp.
- Autonomous Solutions, Inc.
- Blue River Technology
- Clearpath Robotics Inc.
- Energid Technologies Corporation
- Hexagon AB
- Lely Holding S.A.
Autonomous Outdoor Vehicles Market Recent Developments
- In April 2024, Hong Kong Air Cargo Terminals Limited (Hactl) signed a MOU with Westwell Holdings (Hong Kong) Ltd. to collaborate on the introduction of Autonomous Electric Tractors (AETs). Hactl aims to develop autonomous vehicles which – in addition to the relatively simple task of towing cargo dollies – automatically couple and uncouple the dollies, and adjust to their differing specifications.
- In February 2024, Changi Airport Group and Aurrigo International collaborated to test the latest version of its electric-powered autonomous vehicle, Auto-DollyTug, at Changi Airport, Singapore.
- In July 2023, Kudan Inc., a leading provider of real-time simultaneous localization and mapping (SLAM) software, and Vecow Co., Ltd, a team of global embedded experts announced the expansion of their strategic partnership. This partnership expansion brings together Kudan’s expertise in commercial-grade SLAM software technology and Vecow’s innovation in time synchronization technology and strength in AI computing systems, enabling full-scale accuracy, reliability, and robustness for outdoor autonomous mobility and mobile mapping applications.
Autonomous Outdoor Vehicles Key Market Trends
- The increasing adoption of autonomous robots in agriculture is a significant market trend in the global autonomous outdoor vehicles market. Autonomous robots and drones equipped with sensors and cameras can monitor crops, collect data on soil conditions and weather patterns, and perform tasks such as spraying pesticides and fertilizers. These robots are designed to operate autonomously and can be programmed to follow predetermined routes and perform specific tasks. The use of autonomous robots in agriculture has several advantages. Firstly, they can perform tasks with a high level of precision, resulting in increased yield and reduced costs. For example, autonomous sprayers can apply pesticides and fertilizers with greater accuracy, reducing waste and minimizing the risk of environmental damage. Secondly, autonomous robots can work around the clock, improving the efficiency of agricultural operations. They can also operate in challenging weather conditions, reducing the risk of crop damage. The adoption of autonomous robots in agriculture is expected to increase in the coming years due to the growing demand for sustainable and efficient agricultural practices. Farmers are increasingly looking for ways to reduce costs and increase yield, and autonomous robots offer a solution to these challenges. Furthermore, the use of autonomous robots can help to address labor shortages in the agricultural sector, particularly in regions where labor costs are high.
Autonomous Outdoor Vehicles Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Autonomous Outdoor Vehicles Market analysis, the market is expected to witness significant growth due to increasing adoption of autonomous robots in various applications such as agriculture, mining, and construction is expected to drive growth of the market. One of the key drivers of the market is the increasing demand for precision agriculture practices. The use of autonomous outdoor vehicles such as drones and autonomous tractors in agriculture is increasing due to their ability to optimize crop yields and reduce labor costs. Additionally, the use of these vehicles for tasks such as crop monitoring, spraying, and harvesting is resulting in increased efficiency and reduced environmental impact. However, the high initial cost of autonomous vehicles and the lack of skilled operators are some of the factors that may restrain the growth of the market. Additionally, the regulatory and legal frameworks surrounding autonomous vehicles are still evolving, which may pose a challenge to the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.73 billion |
| Market size value in 2031 | USD 24.75 billion |
| Growth Rate | 34.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Autonomous Outdoor Vehicles Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Autonomous Outdoor Vehicles Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Autonomous Outdoor Vehicles Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Autonomous Outdoor Vehicles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Autonomous Outdoor Vehicles Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Autonomous Outdoor Vehicles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Autonomous Outdoor Vehicles Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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