Autonomous Tractors Market Size, Share, Growth Report 2030

Autonomous Tractors Market

Autonomous Tractors Market - By Component (GPS, Sensor, Vision System, and Others), By Application (Harvesting, Tillage, Irrigation, Seed Sowing, Fertilizing, and Spraying), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-3332 Published Date: Jun-2020 Status : Published

Global autonomous tractors market garnered earnings worth approximately 1,948.2 (USD Million) in 2019 and is set to record a CAGR of about 23.8% over the period from 2020 to 2026.

The global autonomous tractors market garnered earnings worth approximately 1,948.2 (USD Million) in 2019 and is set to record a CAGR of about 23.8% over the period from 2020 to 2026. The report offers assessment and analysis of the autonomous tractors market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Global Autonomous Tractors Market SizeRequest Free Sample

Introduction

Autonomous tractor is a driverless farm vehicle that provides a massive tractive effort at reduced velocities for tillage purpose along with other farming activities. It is considered to be autonomous as it functions without the aid of human and is automated or self-driven.

Furthermore, these tractors are light-weighted and have the ability to perform tasks for twenty-four hours. These vehicles are also termed as robotic tractors and are utilized in farming lands. Additionally, these tractors provide unique and outstanding farming experience to farmers.

Details of the Report:

Report Metric

Details

Base Year

2019

Historical Data

2017 and 2018

Forecast period

2020-2026

Market Representation

Earnings provided in terms of USD Million and CAGR estimated from 2020 to 2026

Segments Analyzed

By Component, By Application, and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Market Growth Dynamics

Need for operational efficiency as well as high crop yield has resulted in massive demand for autonomous tractors in the recent years. In addition to this, growing government aid to accept new technologies are likely to boost the popularity of autonomous tractors over the years to come. Apart from this, these products assist the farmers in gaining vital information pertaining to soil conditions, crop output, rate of fuel usage, and others. All these aforementioned factors are likely to drag the growth curve of the industry in the upward direction over the forthcoming years.

Furthermore, surge in the earnings from agricultural activities, rise in the labor charges, and technological breakthroughs witnessed in the autonomous technologies are predicted to favorably leverage the automated tractors industry expansion over the next decade. Additionally, reduction in the sensor costs will further accelerate the market growth trends in the foreseeable future.

North American Market To Acquire Numero Uno Position Over 2020-2026

The regional market growth during the forecast timespan is attributed to high acceptance of new technologies along with presence of giant tractor manufacturers in the countries like Canada and the U.S. Furthermore, behemoth tractor manufacturers in the region are investing huge amount of capital for both developing autonomous tractors as well as research & development activities pertaining to autonomous tractor technologies. This will further boost the market earnings in the region over the forecast timeframe.

Apparently, huge disposable income of farmers, lack of expertise witnessed in manual farming, and access to new technologies in farming will elevate the business sphere in the region over the years ahead.  

Key players profiled in the report include Autonomous Solutions, Inc., AGCO Corporation, CNH Industrial, Autonomous Tractor Corporation, KINZE Manufacturing, Deere & Company, Mahindra & Mahindra, Kubota Corporation, Yanmar, and Trimble.

The global autonomous tractors market is segmented as follows:

By Component

  • GPS
  • Sensor
  • Vision system
  • Others

By Application

  • Seed Sowing
  • Tillage
  • Harvesting
  • Irrigation
  • Spraying
  • Fertilizing

 By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The key growth drivers that will steer the market growth include need for operational efficiency as well as high crop yield

The CAGR of the industry is expected to be nearly 23.8% during the forecast timespan.

North American region will contribute remarkably towards the global market revenue over the estimated timeline.

The key market participants include Autonomous Solutions, Inc., AGCO Corporation, CNH Industrial, Autonomous Tractor Corporation, KINZE Manufacturing, Deere & Company, Mahindra & Mahindra, Kubota Corporation, Yanmar, and Trimble.

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