Global Autonomous Outdoor Vehicles Market Size, Share, Growth Analysis, By Type(Unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs)), By Application(Agriculture, mining) - Industry Forecast 2024-2031

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).

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. '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.', '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.'

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.

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.

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.