The global demand for Autonomous Tractors Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Autonomous tractors refer to the autonomous farm vehicle that delivers a high tractive effort at slow speeds for tillage and other agricultural tasks. The main objective of these tractors is to enhance efficiency and reduce human intervention. These tractors contain GPS systems, sensors and other technologies such as vision systems. They can observe their position, plough fields, decide on speed as well as avoid obstacles like humans, animals or other objects in the field. The sensors of the tractor can collect information regarding the condition of the soil and the maintenance of crops. It can also get all the data regarding the harvest before and after the cultivation.
Market Dynamics
The key factor driving the demand for autonomous tractors market is the growing demand for the agricultural yield. Shortage of farm labour, increase in the cost of labour, and declining arable land are contributing to the growth of this market. The benefits offered by autonomous tractors, such as increased productivity and accuracy, ultimately result in the superior quality of crops, thereby boosting the demand for this market. Continuous advancements in technology and improvement in cropping systems and agronomy are expected to create lucrative growth opportunities for this market in the upcoming years. Increasing government initiatives for the development of advanced technologies and improving the performance of the agricultural sector are fostering the demand for this market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of autonomous tractors. The growth and trends of autonomous tractors industry provide a holistic approach to this study.
Market Segmentation
This section of the autonomous tractors market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Power Output
- Up To 30 Hp
- 31-100 Hp
- 101 Hp & Above
By Component
- Lidar
- Radar
- Gps
- Camera/Vision Systems
- Ultrasonic Sensors
- Hand-Held Devices
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
By Farm Application
- Tillage (Primary & Secondary Tillage)
- Seed Sowing
- Harvesting
- Others (Spraying And Fertilizing)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Autonomous Tractors market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Autonomous Tractors Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the autonomous tractors market include AGCO (US), CNH (UK), Mahindra & Mahindra (India), Deere (US), Kubota Corporation (Japan), Yanmar (Japan), and Autonomous Tractor Corporation (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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