Autonomous Tractors Market Size by Component (Sensor, GPS, Vision system and Others), By Application (Tillage, Harvesting, Seed Sowing, Irrigation, Spraying and Fertilizing), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2027
The Autonomous Tractors Market is expected to be around US$ 6.38 Billion by 2027 at a CAGR of 24% in the given forecast period.
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Major Players
Study period:
Fastest Growing Market:
2021-2027
APAC
Base Year:
Largest Market:
2020
North America
CAGR:
24
REPORT DESCRIPTION
The Autonomous Tractors Market is expected to be around US$ 6.38 Billion by 2027 at a CAGR of 24% in the given forecast period.
Increase in income from farming, rise in labor costs along with the advancements in self-driving technology for vehicles such as object detection capabilities utilizing multi-camera systems, radar, and LiDAR technology is anticipated to increase the adoption of automated tractors and eventually, accelerate the autonomous tractors market across the world. Autonomous tractors provide various advantages to farmers such as enhanced productivity and great precision, which further result in conservation of crops and provide higher return-on-investment. In addition to this, autonomous tractors assist farmers undertake farming operations at any time of the day, therefore assisting them to work for longer periods. Moreover, auto-steering assists farmers to do farming with greater reliability, which in turn is anticipated to fuel the autonomous tractor market growth during the estimated period.
The global Autonomous Tractors market is segregated on the basis of Component as Sensor, GPS, Vision system and Others. Based on Application the global Autonomous Tractors market is segmented in Tillage, Harvesting, Seed Sowing, Irrigation, Spraying and Fertilizing.
The global Autonomous Tractors market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Autonomous Tractors market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
AG Leader Technology, Inc., AGCO Corporation, AgJunction Inc., Autonomous Solutions, Inc., Autonomous Tractor Corporation, CNH Industrial N.V., Deere & Company, Dutch Power Company, Kinze Manufacturing, Inc., Kubota Corporation, Mahindra & Mahindra Limited, Raven Industries, Inc., Trimble Inc., Yanmar Co., Ltd., and others are among the major players in the global Autonomous Tractors market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Autonomous Tractors Market has been segmented as below:
Autonomous Tractors Market, By Component
Autonomous Tractors Market, By Application
Autonomous Tractors Market, By Region
Autonomous Tractors Market, By Company
The report covers:
Report Scope:
The global Autonomous Tractors market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Autonomous Tractors market share. Major industry players with significant revenue share include AG Leader Technology, Inc., AGCO Corporation, AgJunction Inc., Autonomous Solutions, Inc., Autonomous Tractor Corporation, CNH Industrial N.V., Deere & Company, Dutch Power Company, Kinze Manufacturing, Inc., Kubota Corporation, Mahindra & Mahindra Limited, Raven Industries, Inc., Trimble Inc., Yanmar Co., Ltd., and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1.1. Secondary Research
2.3.1.2. Primary Research
2.3.1.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach- Segmental Market Analysis
2.4.2. Top-Down Approach- Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1. Introduction
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Porter's Five Force Analysis
5. Autonomous Tractors Market, By Component
5.1. Introduction
5.2. Sensor
5.2.1. Market Overview
5.2.2. Market Size and Forecast
5.3. GPS
5.3.1. Market Overview
5.3.2. Market Size and Forecast
5.4. Vision system
5.4.1. Market Overview
5.4.2. Market Size and Forecast
5.5. Others
5.5.1. Market Overview
5.5.2. Market Size and Forecast
6. Autonomous Tractors Market, By Application
6.1. Introduction
6.2. Tillage
6.2.1. Market Overview
6.2.2. Market Size and Forecast
6.3. Harvesting
6.3.1. Market Overview
6.3.2. Market Size and Forecast
6.4. Seed Sowing
6.4.1. Market Overview
6.4.2. Market Size and Forecast
6.5. Irrigation
6.5.1. Market Overview
6.5.2. Market Size and Forecast
6.6. Spraying
6.6.1. Market Overview
6.6.2. Market Size and Forecast
6.7. Fertilizing
6.7.1. Market Overview
6.7.2. Market Size and Forecast
7. Autonomous Tractors Market, By Geography
7.1. Introduction
7.2. North America
7.2.1. North America Autonomous Tractors, By Component
7.2.2. North America Autonomous Tractors, By Application
7.3. Europe
7.3.1. Europe Autonomous Tractors, By Component
7.3.2. Europe Autonomous Tractors, By Application
7.4. Asia-Pacific
7.4.1. Asia-Pacific Autonomous Tractors, By Component
7.4.2. Asia-Pacific Autonomous Tractors, By Application
7.5. Rest of the World
7.5.1. Rest of the World Autonomous Tractors, By Component
7.5.2. Rest of the World Autonomous Tractors, By Application
8. Competitive Insights
8.1. Key Insights
8.2. Company Market Share Analysis
8.3. Strategic Outlook
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profiles
9.1. AG Leader Technology, Inc.
9.1.1. Company Overview
9.1.2. Product/Service Landscape
9.1.3. Financial Overview
9.1.4. Recent Developments
9.2. AGCO Corporation
9.2.1. Company Overview
9.2.2. Product/Service Landscape
9.2.3. Financial Overview
9.2.4. Recent Developments
9.3. AgJunction Inc.
9.3.1. Company Overview
9.3.2. Product/Service Landscape
9.3.3. Financial Overview
9.3.4. Recent Developments
9.4. Autonomous Solutions, Inc.
9.4.1. Company Overview
9.4.2. Product/Service Landscape
9.4.3. Financial Overview
9.4.4. Recent Developments
9.5. Autonomous Tractor Corporation
9.5.1. Company Overview
9.5.2. Product/Service Landscape
9.5.3. Financial Overview
9.5.4. Recent Developments
9.6. CNH Industrial N.V.
9.6.1. Company Overview
9.6.2. Product/Service Landscape
9.6.3. Financial Overview
9.6.4. Recent Developments
9.7. Deere & Company
9.7.1. Company Overview
9.7.2. Product/Service Landscape
9.7.3. Financial Overview
9.7.4. Recent Developments
9.8. Dutch Power Company
9.8.1. Company Overview
9.8.2. Product/Service Landscape
9.8.3. Financial Overview
9.8.4. Recent Developments
9.9. Kinze Manufacturing, Inc.
9.9.1. Company Overview
9.9.2. Product/Service Landscape
9.9.3. Financial Overview
9.9.4. Recent Developments
9.10. Kubota Corporation
9.10.1. Company Overview
9.10.2. Product/Service Landscape
9.10.3. Financial Overview
9.10.4. Recent Developments
9.11. Mahindra & Mahindra Limited
9.11.1. Company Overview
9.11.2. Product/Service Landscape
9.11.3. Financial Overview
9.11.4. Recent Developments
9.12. Raven Industries, Inc.
9.12.1. Company Overview
9.12.2. Product/Service Landscape
9.12.3. Financial Overview
9.12.4. Recent Developments
9.13. Trimble Inc.
9.13.1. Company Overview
9.13.2. Product/Service Landscape
9.13.3. Financial Overview
9.13.4. Recent Developments
9.14. Yanmar Co., Ltd.
9.14.1. Company Overview
9.14.2. Product/Service Landscape
9.14.3. Financial Overview
9.14.4. Recent Developments
The Autonomous Tractors Market has been segmented as below:
Autonomous Tractors Market, By Component
Autonomous Tractors Market, By Application
Autonomous Tractors Market, By Region
Autonomous Tractors Market, By Company
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