Autonomous and Semi-autonomous Tractors Market
According to the report, the global autonomous & semi-autonomous
tractors market is anticipated to surpass US$ 9 Bn by 2026,
expanding at a CAGR of more than 25% during the forecast period.
Market for autonomous and semi-autonomous tractor is likely
to expand significantly during the forecast period, owing to the high rate of
adoption of technology among farmers in order to boost the production of their
farms. Specifically, the driverless tractors market is expected to expand in
developed regions such as North America and Europe; however, the rate of
adoption of driver-assisted tractors, which comprise steering-assist and land
monitoring systems, is expected to rise remarkably in developing countries such
as India, China, and Brazil.
Major Key Players of the Autonomous and
Semi-autonomous Tractors Market are:
AGCO Corporation, CLAAS KGaA GmbH, CNH Industrial N.V., Deere &
Company, Escorts Limited, Mahindra & Mahindra Ltd., SAME DEUTZ-FAHR Italia
S.p.A., Ag Leader Technology, Agjunction, Inc., Autonomous Solutions Inc.,
Raven Industries, Inc., Trimble, Inc., and YANMAR CO., LTD.
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Rising population is boosting the demand for agricultural
products; however, contraction in availability of agriculture land is prompting
people to adopt highly advanced technologies, which can contribute to enhanced
production. In the first decade of the 21st century, precision
agriculture enhanced the production of farms remarkably in the U.S., which
encouraged other countries in other regions to adopt advanced technologies in
order to increase production of their farms and follow better land management
techniques. Manufacturers are likely to focus on semi-autonomous tractors in
developing countries, while the market for fully driverless tractors is likely
to expand rapidly in developed countries, such as the U.S., Canada, France, and
the U.K. The rate of adoption of driver-assisted autonomous tractors in
developing regions is anticipated to be higher than fully autonomous tractors
owing to the high cost of fully autonomous tractors.
The agriculture sector is a major contributor to the global
GDP (gross domestic product), and in 2014, it accounted for one-third of the
global GDP. According to the World Bank, agricultural development is a highly
powerful tool, which can be utilized to beat extreme poverty. Therefore, in
most regions, governments are taking required steps to boost their respective
agriculture sectors and manufacturers involved in the manufacturing of
agricultural equipment are continuously developing equipment that can boost the
production of the sector. Therefore, such development is likely to boost the
autonomous & semi-autonomous tractors market.
The global autonomous
& semi-autonomous tractors market has been segmented as follows:
- Global Autonomous &
Semi-autonomous Tractors Market, by Technology
- Driverless
Tractors
- Driver-assisted
tractors
- Global Driverless Tractors Market, by
Power Output
- Below
30 HP
- 31
HP to 100 HP
- 101
HP and above
- Global Driver-assisted Tractors
Market, by Power Output
- Below
30 HP
- 31
HP to 100 HP
- 101
HP and above
- Global Autonomous &
Semi-autonomous Tractors Market, by Component
- GPS
- Radar
- LiDAR
- Camera/vision
systems
- Ultrasonic
Sensors
- Handheld
Devices
- Global Autonomous &
Semi-autonomous Tractors Market, by Application
- Agriculture
- Harvesting
- Seed
Sowing
- Irrigation
- Others
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In the end,
Autonomous and Semi-autonomous Tractors industry report specifics the major
regions, market scenarios with the product price, volume, supply, revenue,
production, and market growth rate, demand, forecast and so on. This report
also presents SWOT analysis, investment feasibility analysis, and investment
return analysis.
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