Autonomous Tractors Market Introduction
When it comes to agriculture sector there is a number of activities or applications especially farming to improve upon. With the introduction of advanced analytics, artificial intelligence, connected technology, and fully automated equipment, machinery, and vehicle, the entire farmland can completely remove the human element from the equation. The autonomous tractor is one of the game changer innovations in the agriculture sector that has numerous benefits for end users operating in the agriculture industry. Low fuel consumption, the accomplishment of task efficiently while consuming lesser time, and longer service life are few of the benefits offered by autonomous tractors. Further, fully automated tractor act as an unmanned vehicle that can decide its speed, observe position, and avoid obstacles in the field during tillage. Such various factors are projected to boost the growth of the global autonomous tractor market size & growth during the forecast period.
Growing focus of farmers to enhance productivity and reduce the overall time involved in agriculture process is increasing the adoption of autonomous tractors, especially in developed regions. This, in turn, is projected to drive the global autonomous tractors market growth during the forecast period. Further, the introduction of favorable government initiatives and extended support to implement connected technology in the agriculture sector is fuelling the market growth. Other factors such as growing average age of farmers specifically in developed countries such as US, UK, Germany, and China is boosting the autonomous tractors market growth. However, high initial cost and lack of technical knowledge among farmers are hampering the growth of the market in developing regions. Also, the integration of smartphones and other mobile devices with mechanized equipment and automated vehicles has opened an opportunity window for key vendors operating in the global autonomous tractor industry.
Key segments included in the global autonomous tractors market are component, power output, farm application, crop type, and region. Based on component, the market has been segmented into LiDAR, GPS, radar, hand-held devices, camera or vision segments, and ultrasonic sensors. The global autonomous tractors market has been bifurcated based on power output into up to 101 HP & Above, 31-100 HP, and 30 HP. The farm application segment is further sub-segmented into tillage (primary & secondary tillage), harvesting, seed sowing, and other application. By crop type, the global autonomous tractors market is classified into oilseeds & pulses, cereals & grains, and fruits & vegetables. Key regions covered in the global autonomous tractors industry report are North America, Eastern Europe, Western Europe, Latin America, Asia Pacific, and Middle East & Africa.
Autonomous Tractors Market Competitive Landscape
The global autonomous tractors market is characterized by the presence of large companies offering a variety of autonomous tractors. Key players identified in the market are Kubota Corporation, Deere & Company, Agjunction, Inc., Agco, Mahindra & Mahindra Ltd., Trimble, Inc., CNH, Dutch Power Company, Raven Industries, Autonomous Tractor Corporation, AG Leader Technology, and Yanmar Co., Ltd. Major players operating in the global autonomous tractors industry are focused towards introducing advanced and cost-effective autonomous tractors for end users to enhance customer base. Further, partnerships and joint ventures are other major strategies followed by prominent companies present in the global autonomous tractors market.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on autonomous tractors market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.