The Autonomous and Semi-autonomous Tractors Market is projected to register stable growth during the forecast period owing to increasing demand from the automotive manufacturers and growing after market. This market has witnessed number of developments by companies to strengthen their market share in the region. Some of the major developments witnessed in this market includes new product development, expansions, partnerships and collaborations in the recent years. Also, government policies to boost the automotive sector and related markets is also expected to drive the demand during the forecast period. The automotive sector has witnessed transition towards use of alternative energy sources with lightweight operations and high efficiency in the recent years. This has impacted the established market in regions including North America, Western Europe, Asia Pacific, and so on. Also concerns over automotive emissions and related norms is also expected to have a significant share of impact on automotive sector as well as autonomous and semi-autonomous tractors market during the forecast period.
A driverless tractor is an autonomous tractor that provides a strong tractive effort (or torque) for tillage and other agricultural activities such as planting, sowing, harvesting performing at slow speeds. Autonomous tractors replace the driver with the help of software and hardware. Autonomous and semi-autonomous tractors help minimize the human effort required in farm processes. Autonomous tractors give farmers many benefits such as enhanced productivity and high precision resulting in crop conservation and greater return on investment (ROI).
Segment Analysis
The global autonomous and semi-autonomous tractors market is segmented based on technology, power output, component, and application. Based on power output, the global autonomous and semi-autonomous tractors market is segmented into below 30 HP, 31 HP to 100 HP, 101 HP and above. 31 HP to 100 HP segment is anticipated to grow because of it has less maintenance and gives high fuel economy. By a component, this market is divided into GPS, radar, camera systems, ultrasonic sensors, and handheld devices. The radar segment is expected to high demand due to radar sensors that can determine the speed, range, and angle of moving objects and can operate under almost all weather conditions.
The global autonomous and semi-autonomous tractors market is anticipated to boom in the Asia-Pacific region because of the increased demand for more food owing to rapid population growth. Along with this increase in the geriatric population in Japan, which cannot manage consistently conventional mechanical tractors. This market is expected to rapid growth in North America and Europe due to the large areas available, limited availability of labor and big grasslands in these areas and high per capita revenue.
Key Factors Impacting Market Growth:
• High labor cost and limited availability of labor for farming
• High intial cost of autonomous and semi-autonomous tractors
Regional Outlook
The regional outlook section for autonomous and semi-autonomous tractors market provides the region-wise market estimations and forecasts along with related market dynamics. In addition, this section provides information about scenario in major segments including country, type, applications, and others in autonomous and semi-autonomous tractors market for a particular region. Major regions considered in the study include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. The automotive sector has witnessed steady growth in the recent years owing to market recovery from recent slowdowns as well as technological transitions with regards to vehicle technology. North America and Western Europe have been established markets for automotive sector with presence of major companies operating in the market along with comparatively short product life cycles. Also, being early adopters of latest technologies, these regions have been witnessing major technology transitions towards green fuels and related infrastructure. Major countries in these regions includes US, Germany, France, UK, Italy, Canada, Spain, and others. Asia Pacific region is expected to register fastest growth during the forecast period owing the presence of key emerging economies with a substantial market demand. Some of the major economies in the region include China, India, South Korea, Japan, and so on. Major companies operating in the market have made strategic developments to cater the market demand in the region as well as increase the market presence. Middle East and Eastern Europe are estimated to be potential markets for autonomous and semi-autonomous tractors with growing demand from countries including UAE. Saudi Arabia, Qatar, Russia, and Turkey. Rest of World consisting of South America and Africa is estimated to be emerging region for autonomous and semi-autonomous tractors market with high demand from countries including Brazil, South Africa, Argentina, and so on.
Companies Covered: AGCO Corporation, CNH Industrial N.V., Deere & Company, Escorts Limited, Komatsu America Corp., 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.
Market Segmentation:
By Technology:
• Driverless Tractors
• Driver-assisted Tractors
By Power Output:
• Below 30 HP
• 31 HP to 100 HP
• 101 HP and Above
By Component:
• GPS
• Radar
• Camera Systems
• Ultrasonic Sensors
• Handheld Devices
By Application:
• Agriculture
◦ Harvesting
◦ Seed Sowing
◦ Irrigation
◦ Other
• Construction
By Region:
• North America
◦ By Country (US, Canada, Mexico)
◦ By Technology
◦ By Power Output
◦ By Component
◦ By Application
• Western Europe
◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
◦ By Technology
◦ By Power Output
◦ By Component
◦ By Application
• Eastern Europe
◦ By Country (Russia, Turkey, Rest of Eastern Europe)
◦ By Technology
◦ By Power Output
◦ By Component
◦ By Application
• Asia Pacific
◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
◦ By Technology
◦ By Power Output
◦ By Component
◦ By Application
• Middle East
◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
◦ By Technology
◦ By Power Output
◦ By Component
◦ By Application
• Rest of the World
◦ By Region (South America, Africa)
◦ By Technology
◦ By Power Output
◦ By Component
◦ By Application
Reasons To Buy This Report:
• Market size estimation of the global autonomous and semi-autonomous tractors market on a regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country
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