About Autonomous Tractors
An autonomous tractor is a modern technology, combining concept of artificial intelligence, robotics, 360-degree vision cameras, and global positioning system (GPS) guidance for farming operations. Autonomous tractors are vehicles used in farms that are automatically operated by an intelligent system that guides their proper functioning. They can perform tasks with a high degree of accuracy and consistency, reducing the risk of errors and improving the overall quality of the work. They are also used to help farmers improve the production of crops. There are various advantages, including accurate and efficient farming, avoiding human errors, better data gathering, combating labor deficiencies, and many more. Advances in sensor technologies, GPS systems, artificial intelligence, and machine learning have significantly enhanced the capabilities of autonomous tractors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive with the active presence of dominant players, The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Deere & Company (United States), KUBOTA Corporation (Japan), The Dutch group (Netherland), Raven Industries, Inc. (United States), Trimble Inc. (United States), CNH Industrial N.V. (United Kingdom), Mahindra & Mahindra Limited (India), AGCO Corporation (United States), Autonomous Tractor Corporation (United States), Yanmar Co., Ltd (Japan), Ag Leader Technology (United States), Escorts (India) and AGCO Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Autonomous Tractors market by , Application (Harvesting, Seed Sowing, Irrigation, Tillage and Other) and Region.
On the basis of geography, the market of Autonomous Tractors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Fully Autonomous will boost the Autonomous Tractors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. OEM will boost the Autonomous Tractors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power, the sub-segment i.e. Below 30 HP will boost the Autonomous Tractors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The shift towards sustainability and environmental consciousness is driving the adoption of electric and hybrid autonomous tractors.
Market Growth Drivers:
Growing demand in agricultural industry and Rising Demand Due to improved productivity and great accuracy will help to boost global autonomous tractor market.
Challenges:
Some farmers may lack the technical expertise and Autonomous tractors need to be able to handle diverse terrains, weather conditions, and unexpected obstacles that can be present in fields
Restraints:
Autonomous tractor relies on complex systems such as GPS, sensors, and artificial intelligence and Autonomous tractors can be more expensive to purchase and maintain
Opportunities:
Focus on innovation of sustainable practices in autonomous tractor
Market Leaders and their expansionary development strategies
In November 2023, AGCO, a global agricultural tractor and machinery manufacture has acquired FarmFacts is a providing innovative and feature-rich developments in the agricultural sector. This acquisition enriches AGCO’s FMIS offering, expanding its precision farming capabilities to meet the evolving data management needs of farmers worldwide. and In August 2021, John Deere the world’s biggest farming equipment manufacturers, has Acquired Bear Flag Robotics an agricultural technology company focused on developing self-driving technology. The acquisition Accelerate Autonomous Technology on the Farm.
In January 2022, John Deere the world’s biggest farming equipment manufacturers, has launched the fully autonomous tractor. The new launch of John Deere’s autonomous tractor, a farmer just has to transport it to the desired field and drive it around the perimeter once to create a map of the area.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.