ISOBUS Component Market Size Worth $1,241.64 Million By 2032 | CAGR: 7.08%

The global ISOBUS component market size is expected to reach USD 1,241.64 Million by 2032, according to a new study by Polaris Market Research. The report “ISOBUS Component Market Share, Size, Trends, Industry Analysis Report, By Product (Hardware, and Software); By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising adoption of advanced technology-based farming robots in the agriculture fields is driving the growth of the market over the forecast period. For example, in February 2022, Verdant Robotics introduced "1^st autonomous robot for crops" to enable "superhuman farming," to be available as robot-as-a-service (RaaS) model to the crop growers to satisfy farmers' desires for more profitable and sustainable growing techniques. The requirement to address equipment manufactured by different firms' inter-implement incompatibility problems is anticipated to fuel rapid industry expansion. Additionally, ISOBUS permits the addition of a virtual terminal (VT), which gives the user the ability to simultaneously control many devices made by various firms.

Additionally, robots have many benefits for the agriculture, to replace human labor. Again in February 2022, Naio Technologies announces Orio which is a brand-new multi-crop / multi-task robot. At the renowned World Ag Expo 2022, the product was chosen as one of the TOP 10 New Products. Herbicides enhances working condition & information for the smart farming.

Smart robots can complete tasks quicker, more precisely, and more quickly than people, which increases output and productivity. Additionally, they can automate operations that are monotonous, hazardous, or challenging for people, freeing up human resources for more demanding and useful jobs. Thus, the adoption of robots in farming is increasing the demand for ISOBUS which is boosting the market growth.

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Further, governmental organizations from many nations are currently launching campaigns to encourage sustainable agricultural practices as a result of the deteriorating environmental conditions. One of the key factors influencing the need for ISOBUS components globally is this, along with the increasing adoption of precision agricultural techniques to enhance plant health, crop yield, and soil characteristics. In addition, the market is benefiting from the increased use of farming robots, which assist farmers in handling equipment and improve farming precision.

ISOBUS Component Market Report Highlights

• Mobile application segment is anticipated to grow at a highest CAGR during the forecast period due to the user being the ability to perform additional configuration or diagnostic tasks using a mobile app or the tractor's ISOBUS UT display.
• Harvester accounted for major global revenue share. The main benefit of mechanized harvesting with a combined harvester is that it increases labor productivity while simultaneously lowering production costs.
• North America is expected to grow at a highest CAGR during the projected period account due to the presence of top producers of ISOBUS-capable agricultural implements and ongoing regional government activities to encourage the use of ISOBUS equipment in the fields
• The global players include AGCO Corporation, Anedo GmbH, CLAAS, Deere & Company, Fendt Corp., Kverneland Group, LEMKEN GmbH, Pottinger Landtechnik, Small Robot Company & SDF Group.

Polaris Market Research has segmented the ISOBUS Component market report based on product, application, and region:

ISOBUS Component, Product Outlook (Revenue - USD Million, 2019 - 2032)

• Hardware
  • Electronic Control Unit (ECU)
  • Universal Terminal
  • Cables and Connectors
  • Others
• Software
  • Virtual Terminal
  • Task Controller
  • Mobile Application
  • Others

ISOBUS Component, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Tractor
• Planter and Seeder
• Harvester
• Others

ISOBUS Component, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

ISOBUS Component Market Report Scope