Autonomous Tractors Market - By Solution (Hardware & Software) By Level of Automation (Partially Automated, Fully Automated) By Application (Planting & Seeding, Harvesting, Tillage, Spraying, Fertilizing, Others) & Global Region - Market Size, Share, Tren
An autonomous tractor or driverless tractor is an autonomous farm vehicle that delivers high torque at slow speeds and is used for the purposes of tillage and other agricultural tasks. These autonomous tractors operate without any human intervention. The world autonomous tractors market was totaled at a value of USD XXXX Million in 2020 and is projected to surpass a valuation of USD XXX Million by 2025. The market is expected to maintain a compound annual growth rate (CAGR) of xx% through the forecast period.
Market Drivers & Restraints
Autonomous technologies have been the biggest dream of humans. In the modern world, autonomous technologies can be easily found in almost every sector and agriculture sector is an emerging adopter of autonomous tractors. Autonomation is an emerging trend in the agriculture sector and farmers are increasingly adopting such technologies to boost their farm yields. Since the early introduction, autonomous tractors have gain attention across industry leaders, even leading agriculture technology manufacturers are entering autonomous tractor manufacturing.
Rapid commercialization of agriculture is a key factor which is encouraging the adoption of advanced technologies in agriculture. The output levels and time management offered by driverless tractors are way better than conventional tractor models. Commercial farms are adopting advanced farming technologies to boost their production capabilities at a minimum operation cost. Rising labor cost and other expenses have encouraged farmers to opt for autonomous tractors. Although driverless tractor offers great output results, their initial cost is very high, which restricts small and medium farmers to adopt such advanced technology.
However, there is a rise in the number of rental providers of autonomous tractors. These consumers are purchasing autonomous tractors to rent them to farmers. Also, the government supports to encourage the farming sector is likely to help the autonomous tractors market to grow in the future. It is also expected that the government may offer tax relaxations on autonomous tractors to help farmers in the future. However, lack of awareness, high initial cost and high dominance of conventional tractors are expected to hamper the growth of autonomous tractors in upcoming years.
The research offers a comprehensive analysis of autonomous tractors market with respect to following sub-markets:
- - - Sensor
- - - GPS
- - - Vision System
- - - Others
- - - Services
By Level of Automation
- Partially Automated
- Fully Automated
- Planting & Seeding
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as:
- John Deere
- Autonomous Tractor Corporation
- AGCO corporation
- CNH Industrial
- Kinze Manufacturing
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development expansion and other market activities).
The study also provides company’s positioning and market share in autonomous tractors market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
- Overview & Executive Summary
- Market Drivers, Trends, Challenges and Opportunities
- Market Size and Forecast Projections
- Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
- Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
- Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global autonomous tractors market by the following segments:
- Level of Automation
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Autonomous Tractors Industry Report;
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?