What is Driverless Tractors?
Rising Demand Due to improved productivity and great accuracy will help to boost global driverless tractor market. The driverless tractor is also known as an autonomous tractor, driverless farming machine. Driverless tractors, which completely replace the driver with several software and hardware components. It is referred to a driverless farming machine which uses advanced technological components such as sensors, machine vision system, and others to execute many agricultural jobs such as tillage, harvesting, seed sowing, irrigation, spraying and fertilizing. Driverless tractors are more precise and accurate, thus decrease the probabilities of collision with obstacles arriving in the path of tractors, which results in a decrease of maintenance cost of tractors, except the regular maintenance price. Furthermore, fully driverless tractors are controlled by handheld devices (remote control systems).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | AGCO Corporation (United States), Autonomous Solutions, Inc. (United States), Autonomous Tractor Corporation (United States), CNH Industrial (United Kingdom), Deere & Company (United States), KINZE Manufacturing (United States), Kubota Corporation (Japan) and Mahindra & Mahindra (India) |
CAGR | 23.2% |
The Market is currently pegged at USD1430.0 Million. The study covers a detailed analysis segmented by key business segments i.e. by type (Sensors System Autonomous Tractors, Radar System Autonomous Tractors and GPS System Autonomous Tractors) , by application (Agriculture [Harvesting, Seed Sowing, Irrigation, Other], Forestry and Other) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Driverless Tractors market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Driverless Tractors market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are AGCO Corporation (United States), Autonomous Solutions, Inc. (United States), Autonomous Tractor Corporation (United States), CNH Industrial (United Kingdom), Deere & Company (United States), KINZE Manufacturing (United States), Kubota Corporation (Japan) and Mahindra & Mahindra (India).
Market Overview:
In May , 2022Increases engineering and software development capabilities to accelerate the development of highly automated and autonomous machines, AGCO, Your Agriculture Company, a worldwide manufacturer and distributor of agricultural machinery and precision ag technology, announced it has acquired JCA Industries, Inc. and JCA Technologies, a leader in the development of autonomous software for agricultural machines, implement controls and electronic system components.
California OSHA regulation: and All self-propelled equipment shall, when under its own power and in motion, have an operator stationed at the vehicular controls. This shall not prohibit the operator from occupying or being stationed at a location on the vehicle other than the normal driving position or cab if controls for starting, accelerating, decelerating, and stopping are provided adjacent and convenient to the alternate position. If the machine requires steering other than ground or furrow steering or operates at ground speeds in excess of two miles per hour, steering controls shall also be provided at the alternate location. Seedling planters and other similar equipment traveling at a speed of two miles an hour or less where a control that will immediately stop the machine is located at the operator's work station will satisfy this requirement.
The market has seen a massive technological advancement to grow automation which has driven the market growth. Massive investments and disruption of the automobile industry by the EV market have seen a majority of providers enter the Automation and driverless technology market to grab this opportunity and hold a better position. Whereas the big players have tried to develop by mergers and acquisitions and investments in developing better technology to keep up with the competition and hold a higher position in the market.
Influencing Trend:
High Operational Efficiency, Growing Adoption For Enhance Yield with Minimum Loss and Independent of External Factors Such As Weather and Light Conditions
Market Growth Drivers:
Unavailability of Labor in Develop Country Such As Australia, High Labour Cost and Rising Adoption Due To Operated Continuously Without Any Time Restriction
Challenges:
Lack of Adoption new technology in Agriculture Industry in Developing Countries
Restraints:
High Cost of Driverless Tractors and Availability of Adequate Labor in Countries Such as China and India
Opportunities:
The Rise in Adoption of Precision Agriculture in Untapped Market and Technological Advancements and Innovations Such As Use of Sensors
Key highlights of the Global Driverless Tractors market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Driverless Tractors market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Driverless Tractors market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Driverless Tractors Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Driverless Tractors market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Driverless Tractors market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers, Distributors, Associations, Organizations, Forums, and Alliances Associated With Driverless Tractors, Industry Associations, Regulatory Bodies, Government Bodies, Downstream Vendors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.