Autonomous Tractors - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Autonomous Tractors Market is expected to grow at a CAGR of 26.9% during the forecast period. Rising in average age regarding farmers in emerging nations, increase effectiveness and productivity by improved crop yields and favourable government schemes for implementation of current agricultural techniques are some of the factors fuelling the market growth. However, huge initial capital investments and lack of technical knowledge among farmers are hampering the growth of the market. Integration of smart phones through agricultural hardware and software applications for autonomous tractors provides ample of opportunities for the market.
Autonomous tractors acts as a slightly managed driverless tractors used during agricultural sector. These tractors be light in weight and be able to work for 24 hours with no downtime. These tractors are also identified as robotic tractors. They are used on fields and maintained remotely throughout controllers. Handling of these tractors gives precision and outstanding farming occurrence to farmers.
Based on component, Radar segment can resolve the velocity, range and angle of moving objects and be able to work in almost every weather conditions. They are more lucrative than LiDAR systems although more costly compared towards cameras, which makes them a desirable choice to other components considered via manufacturers for incorporation in autonomous tractors. By farm application, Tillage specify towards the formation of land for increasing different types of crops. Through the advancements in technology and varieties of research & development activities via agronomists, tillage activities are increasingly being finished autonomous for large acre and row crop farming.
Based on geography, Europe is expected to observe the fastest growing during the forecast period due to huge proficient innovations, joined through continuous development in agricultural technologies might boost up the demand for the market in the region. North America captured the largest market share owing to the occurrence of large-scale manufacturers, such as AGCO (US) and Deere (US) invest into the growth of autonomous tractors.
Some of the key players in Autonomous Tractors Market include CNH Industrial N.V., Deere & Company, Yanmar Co., Ltd., Trimble Inc., AGCO Corporation, Kubota Corporation, Agjunction, Inc., Ag Leader Technology, Inc., Raven Industries, Mahindra and Mahindra Limited, Dutch Power Company, Autonomous Tractor Corporation, Kinze Manufacturing, Inc., New Holland Agriculture and Case IH.
Power Outputs Covered:
• 31–100 HP
• Up to 30 HP
• 101 HP & Above
• Camera/Vision Segments
• Hand-Held Devices
• Ultrasonic Sensors
Crop Types Covered:
• Oilseeds & Pulses
• Cereals & Grains
• Fruits & Vegetables
Farm Applications Covered:
• Seed Sowing
• Other Farm Applications
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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