Global Autonomous Tractors Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Autonomous Tractors Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” report has been recently generated by MarketResearch.biz. The global autonomous tractors market report has been segmented on the basis of power output, component, crop type, farm application, and region.
Global Autonomous Tractors Market: Introduction
Autonomous tractors are driverless farm vehicle which offers high torque at low speed. Autonomous tractors offer farmers tactical approach to harvesting, planting, and maintaining their crops.
Global Autonomous Tractors Market: Dynamics
The global autonomous tractors market is expected to register significant growth over the forecast period, owing to increasing inclination towards automation of processes. In addition, increasing government initiatives for the adoption of advanced technologies in order to improve productivity, efficiency, and crop yield quality is expected to drive growth of the global autonomous tractors market over the forecast period. The increasing adoption rate of mechanization in the agriculture industry in developed countries is further expected to drive growth of the global market. Therefore, decreasing the availability of labor, combined with an increased labor cost is one of the primary factors driving growth of the global autonomous tractors market. Autonomous tractors can also be used as mobile hotspots for data collection from sensors positioned throughout the field. This is of great use for applications used in precision agriculture and can deliver required information on-the-spot. Such factors are expected to augment growth of the global market over the estimated time period.
However, lack of technical knowledge among the farmers, especially in underdeveloped and developing economies, coupled with high initial investment cost are primary factors that are expected to affect growth of the global market to a certain extent.
New technologies in the market such as The Machine Sync system, AutoTrac Vision, The AutoTrac RowSense system are expected to create a huge impact on growth of global market and is expected to create revenue opportunities for the players in the market.
Global Autonomous Tractors Market: Analysis by Region
North America market is expected to dominate in the global autonomous tractors market, owing to the high adoption rate of advanced technology. In addition, lack of skilled farm labor and the capability of farmers in the region to spend on technology are the primary reasons for the future growth of the autonomous tractors market in North America. Moreover, the presence of prominent tractor manufacturers in the region is further driving growth of the regional markets. The market in Asia-Pacific is anticipated to register a considerable growth rate over the forecast period, owing to the growing demand for food production to feed the growing population.
Global Autonomous Tractors Market Segmentation:
Segmentation by Power Output:
- Up to 30 HP
- 31-100 HP
- 101 HP & above
Segmentation by Component:
- Camera/vision systems
- Hand-held devices
- Ultrasonic sensors
Segmentation by Crop Type:
- Cereals & grains
- Fruits & vegetables
- Oilseeds & pulses
Segmentation by Farm Application:
- Seed sowing
- Tillage (primary & secondary tillage)
- Others (spraying and fertilizing)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- AGCO Corporation
- Bobcat (a Doosan company)
- Claas KGaA GmbH
- CNH Global NV
- Deutz Fahr & Same (SDF Group)
- Iseki & Co.
- John Deere
- Kubota Corporation
- Yanmar Co. Ltd.
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