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Autonomous Tractors Market by Component, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030- Product Image
Autonomous Tractors Market by Component, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030- Product Image
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Autonomous Tractors Market by Component, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 235 Pages
  • February 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578275
UP TO OFF until Nov 15th 2024
Description Jump to:
The global autonomous tractor market size was valued at $1,560.1 million in 2020, and is projected to reach $11,588.8 million by 2030, registering a CAGR of 20.9% from 2021 to 2030. Autonomous tractors are capable of carrying out a wide range of agricultural activities, with minimal human intervention. Autonomous tractors are also more precise, as they eliminate the factor of human error, thereby increasing the productivity of the farm.



Autonomous tractors enable farmers to manage large farms with minimal labor and high accuracy. The integration of various advanced technologies, makes the tractor more precise, thereby reducing the amount of wastage.

The increase in demand for food products fueled by continuous growth of population, has created a need for enhancing the output of farms. Advanced machineries such as autonomous tractors, play a key role in increasing agricultural yield. Furthermore, increased investments by private companies in developing more capable autonomous tractors, is anticipated to boost the market. However, factors such as high initial cost and lack of awareness among farmers in developing countries can restrain the growth of the market. Furthermore, various government initiatives to boost agriculture positively influences the market.

The global autonomous tractors market is segmented on the basis of component, application, and region. By component, the market is classified into sensor, GPS, vision system, and others. By application, it is categorized into tillage, harvesting, seed sowing, and others. Based on power output the market is classified into Less than 30 HP, 30-50 HP, 51-100 HP and More than 100HP. By Region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market

COMPETITION ANALYSIS

The major market participants profiled in this report include AGCO Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, CNH Industrial, Deere & Company, KINZE Manufacturing, Kubota Corporation, Mahindra & Mahindra, Trimble, and Yanmar.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current and emerging autonomous tractors market trends and dynamics
  • In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030
  • Extensive analysis of the autonomous tractors market is conducted by following key product positioning and monitoring of the top competitors within the market framework
  • A comprehensive analysis of all regions is provided to determine the prevailing opportunities
  • The global autonomous tractors market forecast analysis from 2021 to 2030 is included in the report
  • The key market players within autonomous tractors market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the autonomous tractors industry

KEY SEGMENTS


By COMPONENT

  • Sensors
  • GPS
  • Vision Systems
  • Others

By Application

  • Tillage
  • Harvesting
  • Seed Sowing
  • Others

By POWER OUTPUT

  • Less than 30 HP
  • 30-50 HP
  • 51-100 HP
  • More than 100HP

By Region


By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY PLAYERS

  • AGCO Corporation
  • Autonomous Solutions, Inc
  • Autonomous Tractor Corporation
  • CNH Industrial
  • Deere & Company
  • KINZE Manufacturing
  • Kubota Corporation
  • Mahindra & Mahindra
  • Trimble
  • Yanmar

 

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Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Key Market Players
1.5. Research Methodology
1.5.1. Secondary Research
1.5.2. Primary Research
1.5.3. Analyst Tools & Models
Chapter 2: Executive Summary
2.1. Key Findings of the Autonomous Tractors Market:
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.2.3. Top Winning Strategies, by Company, 2016-2018*
3.3. Porter's Five Forces Analysis
3.4. Key Player Positioning, 2017
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Provides Wide Farming Information
3.5.1.2. Encouraging Government Initiatives
3.5.1.3. Enhanced Productivity and Rise in Income
3.5.1.4. Need for More Food
3.5.2. Restraints
3.5.2.1. High Initial Investment and Maintenance Costs
3.5.2.2. Lack of Awareness and Technology Integration Among Farmers
3.5.3. Opportunities
3.5.3.1. Newer Technological Advancements
3.5.3.2. Introduction of Drones in Agriculture
Chapter 4: Autonomous Tractors Market, by Components
4.1. Market Overview
4.1.1. Market Size and Forecast, by Components
4.2. Sensor
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Size and Forecast, by Country
4.3. Global Positioning System (Gps)
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Size and Forecast, by Country
4.4. Vision System
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Size and Forecast, by Country
4.5. Others
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Size and Forecast, by Country
Chapter 5: Autonomous Tractors Market, by Application
5.1. Market Overview
5.1.1. Market Size and Forecast, by Application
5.2. Tillage
5.2.1. Key Market Trends, Growth and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Size and Forecast, by Country
5.3. Harvesting
5.3.1. Key Market Trends, Growth and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Size and Forecast, by Country
5.4. Seed Sowing
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Size and Forecast, by Country
5.5. Irrigation
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Size and Forecast, by Country
5.6. Spraying
5.6.1. Key Market Trends, Growth and Opportunities
5.6.2. Market Size and Forecast, by Region
5.6.3. Market Size and Forecast, by Country
5.7. Fertilizing
5.7.1. Key Market Trends, Growth and Opportunities
5.7.2. Market Size and Forecast, by Region
5.7.3. Market Size and Forecast, by Country
Chapter 6: Autonomous Tractors Market, by Region
6.1. Market Overview
6.1.1. Market Size and Forecast by Region
6.2. North America
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, by Components
6.2.3. Market Size and Forecast, by Application
6.2.4. Market Size and Forecast, by Country
6.2.4.1. U. S.
6.2.4.1.1. U. S. Market Size and Forecast by Components
6.2.4.1.2. U. S. Market Size and Forecast, by Application
6.2.4.2. Canada
6.2.4.2.1. Canada Market Size and Forecast, by Components
6.2.4.2.2. Canada Market Size and Forecast, by Application
6.2.4.3. Mexico
6.2.4.3.1. Mexico Market Size and Forecast, by Components
6.2.4.3.2. Mexico Market Size and Forecast, by Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Europe Market Size and Forecast, by Components
6.3.3. Europe Market Size and Forecast, by Application
6.3.4. Europe Market Size and Forecast, by Country
6.3.4.1. Germany
6.3.4.1.1. Germany Market Size and Forecast, by Components
6.3.4.1.2. Germany Market Size and Forecast, by Application
6.3.4.2. France
6.3.4.2.1. France Market Size and Forecast, by Components
6.3.4.2.2. France Market Size and Forecast, by Application
6.3.4.3. Uk
6.3.4.3.1. Uk Market Size and Forecast, by Components
6.3.4.3.2. Uk Market Size and Forecast, by Application
6.3.4.4. Russia
6.3.4.4.1. Russia Market Size and Forecast, by Components
6.3.4.4.2. Russia Market Size and Forecast, by Application
6.3.4.5. Rest of Europe
6.3.4.5.1. Rest of Europe Market Size and Forecast, by Components
6.3.4.5.2. Rest of Europe Market Size and Forecast, by Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Asia-Pacific Market Size and Forecast, by Components
6.4.3. Asia-Pacific Market Size and Forecast, by Application
6.4.4. Asia-Pacific Market Size and Forecast, by Country
6.4.4.1. Japan
6.4.4.1.1. Japan Market Size and Forecast, by Components
6.4.4.1.2. Japan Market Size and Forecast, by Application
6.4.4.2. China
6.4.4.2.1. China Market Size and Forecast, by Components
6.4.4.2.2. China Market Size and Forecast, by Application
6.4.4.3. Australia
6.4.4.3.1. Australia Market Size and Forecast, by Components
6.4.4.3.2. Australia Market Size and Forecast, by Application
6.4.4.4. India
6.4.4.4.1. India Market Size and Forecast, by Components
6.4.4.4.2. India Market Size and Forecast, by Application
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Rest of Asia-Pacific Market Size and Forecast, by Components
6.4.4.5.2. Rest of Asia-Pacific Market Size and Forecast, by Application
6.5. Lamea
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Lamea Market Size and Forecast, by Components
6.5.3. Lamea Market Size and Forecast, by Application
6.5.4. Lamea Market Size and Forecast, by Country
6.5.4.1. Latin America
6.5.4.1.1. Latin America Market Size and Forecast, by Components
6.5.4.1.2. Latin America Market Size and Forecast, by Application
6.5.4.2. Middle East
6.5.4.2.1. Middle East Market Size and Forecast, by Components
6.5.4.2.2. Middle East Market Size and Forecast, by Application
6.5.4.3. Africa
6.5.4.3.1. Africa Market Size and Forecast, by Components
6.5.4.3.2. Africa Market Size and Forecast, by Application
Chapter 7: Company Profile
7.1. Agco Corporation
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Product Portfolio
7.1.4. Business Performance
7.1.5. Key Strategic Moves and Developments
7.2. Autonomous Solutions Inc.
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Key Strategic Moves and Developments
7.3. Autonomous Tractor Corporation
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Product Portfolio
7.3.4. Key Strategic Moves and Developments
7.4. Cnh Industrial N. V.
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Product Portfolio
7.4.5. Business Performance
7.4.6. Key Strategic Moves and Developments
7.5. Deere & Company
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Product Portfolio
7.5.5. Business Performance
7.5.6. Key Strategic Moves and Developments
7.6. Kinze Manufacturing
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Product Portfolio
7.6.4. Key Strategic Moves and Developments
7.7. Kubota Corporation
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Product Portfolio
7.7.5. Business Performance
7.7.6. Key Strategic Moves and Developments
7.8. Mahindra & Mahindra Ltd.
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Product Portfolio
7.8.5. Business Performance
7.8.6. Key Strategic Moves and Developments
7.9. Trimble Inc.
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Product Portfolio
7.9.5. Business Performance
7.9.6. Key Strategic Moves and Developments
7.10. Yanmar Co. Ltd.
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Product Portfolio
7.10.5. Business Performance
7.10.6. Key Strategic Moves and Developments
List of Tables
Table 01. Global Autonomous Tractors Market Revenue, by Components, 2020-2030 ($Million)
Table 02. Autonomous Tractors Market, for Sensor, by Region, 2020-2030 ($Million)
Table 03. Autonomous Tractors Market Revenue, for Gps, by Region, 2020-2030 ($Million)
Table 04. Autonomous Tractors Market Revenue, for Vision System, by Region, 2020-2030 ($Million)
Table 05. Autonomous Tractors Market Revenue, for Others, by Region, 2020-2030 ($Million)
Table 06. Global Autonomous Tractors Market Revenue, by Application, 2020-2030 ($Million)
Table 07. Autonomous Tractors Market Revenue, for Tillage, by Region, 2020-2030 ($Million)
Table 08. Autonomous Tractors Market Revenue, for Harvesting, by Region, 2020-2030 ($Million)
Table 09. Autonomous Tractors Market Revenue, for Seed Sowing, by Region, 2020-2030 ($Million)
Table 10. Autonomous Tractors Market Revenue, for Irrigation, by Region, 2020-2030 ($Million)
Table 11. Autonomous Tractors Market Revenue, for Spraying, by Region, 2020-2030 ($Million)
Table 12. Autonomous Tractors Market Revenue, for Fertilizing, by Region, 2020-2030 ($Million)
Table 13. Autonomous Tractors Market, by Region, 2020–2030 ($Million)
Table 14. North America Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 15. North America Autonomous Tractors Market Revenue, by Application, 2020–2030 ($Million)
Table 16. North America Autonomous Tractors Market, by Country, 2020–2030 ($Million)
Table 17. U.S Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 18. U.S Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 19. Canada Autonomous Tractors Market, by Component, 2020–2030 ($Million)
Table 20. Canada Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 21. Mexico Autonomous Tractors Market, by Component, 2020–2030 ($Million)
Table 22. Mexico Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 23. Europe Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 24. Europe Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 25. Europe Autonomous Tractors Market, by Country, 2020–2030 ($Million)
Table 26. Germany Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 27. Germany Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 28. France Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 29. France Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 30. Uk Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 31. Uk Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 32. Russia Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 33. Russia Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 34. Rest of Europe Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 35. Rest of Europe Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 36. Asia-Pacific Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 37. Asia-Pacific Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 38. Asia-Pacific Autonomous Tractors Market, by Country, 2020–2030 ($Million)
Table 39. Japan Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 40. Japan Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 41. The China Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 42. China Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 43. Australia Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 44. Australia Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 45. India Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 46. India Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 47. Rest of Asia-Pacific Autonomous Tractors Market, by Country, 2020–2030 ($Million)
Table 48. Rest of Asia-Pacific Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 49. Lamea Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 50. Lamea Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 51. Lamea Autonomous Tractors Market, by Country, 2020–2030 ($Million)
Table 52. Latin America Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 53. Latin America Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 54. Middle East Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 55. Middle East Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 56. Africa Autonomous Tractors Market, by Components, 2020–2030 ($Million)
Table 57. Africa Autonomous Tractors Market, by Application, 2020–2030 ($Million)
Table 58. Agco: Company Snapshot
Table 59. Agco: Product Portfolio
Table 60. Asi: Company Snapshot
Table 61. Atc: Company Snapshot
Table 62. Atc: Product Portfolio
Table 63. Cnh: Company Snapshot
Table 64. Cnh: Operating Segments
Table 65. Cnh: Product Portfolio
Table 66. John Deere: Company Snapshot
Table 67. John Deere: Operating Segments
Table 68. John Deere: Product Portfolio
Table 69. Kinze: Company Snapshot
Table 70. Kinze: Product Portfolio
Table 71. Kubota: Company Snapshot
Table 72. Kubota: Operating Segments
Table 73. Kubota: Product Portfolio
Table 74. Mahindra: Company Snapshot
Table 75. Mahindra: Operating Segments
Table 76. Mahindra: Product Portfolio
Table 77. Trimble: Company Snapshot
Table 78. Trimble: Operating Segments
Table 79. Trimble: Product Portfolio
Table 80. Yanmar: Company Snapshot
Table 81. Yanmar: Operating Segments
Table 82. Yanmar: Product Portfolio
List of Figures
Figure 01. Global Autonomous Tractors Market, 2020-2030
Figure 02. Global Autonomous Tractors Market, by Country, 2020-2030
Figure 03. Global Autonomous Tractors Market: Key Players
Figure 04. Top Investment Pockets
Figure 05. Top Winning Strategies, by Year, 2020-2030*
Figure 06. Top Winning Strategies, by Development, 2020-2030*
Figure 07. Moderate-To-High Bargaining Power of Suppliers
Figure 08. Low-To-Moderate Bargaining Power of Buyers
Figure 09. Moderate-To-High Threat of Substitutes
Figure 10. Moderate-To-High Threat of New Entrants
Figure 11. Moderate-To-High Competitive Rivalry
Figure 12. Key Player Positioning
Figure 13. Drivers, Restraints: Global Autonomous Tractors Market
Figure 14. Global Sensor Autonomous Tractors Market Revenue, by Country, 2020–2030 ($ Million)
Figure 15. Global Gps Autonomous Tractors Market Revenue, by Country, 2020–2030 ($ Million)
Figure 16. Global Vision System Autonomous Tractors Market Revenue, by Country, 2020–2030 ($ Million)
Figure 17. Global Others Autonomous Tractors Market Revenue, by Country, 2020–2030 ($ Million)
Figure 18. Global Tillage Autonomous Tractors Market Revenue, by Country, 2020–2030 ($ Million)
Figure 19. Global Harvesting Autonomous Tractors Market Revenue, by Country, 2020–2030 ($ Million)
Figure 20. Global Seed Sowing Autonomous Tractors Market Revenue, by Country, 2020–2030 ($ Million)
Figure 21. Global Irrigation Autonomous Tractors Market Revenue, by Country, 2020–2030 ($ Million)
Figure 22. Global Spraying Autonomous Tractors Market Revenue, by Country, 2020–2030 ($ Million)
Figure 23. Global Fertilizing Autonomous Tractors Market Revenue, by Country, 2020–2030 ($ Million)
Figure 24. Agco: Net Sales, 2018–2020 ($ Million)
Figure 25. Agco: Revenue Share by Geography, 2020 (%)
Figure 26. Cnh: Net Sales, 2018–2020 ($ Million)
Figure 27. Cnh: Revenue Share by Segment, 2020 (%)
Figure 28. Cnh: Revenue Share by Geography, 2020 (%)
Figure 29. John Deere: Net Sales, 2018–2020 ($ Million)
Figure 30. John Deere: Revenue Share by Segment, 2020 (%)
Figure 31. John Deere: Revenue Share by Geography, 2020 (%)
Figure 32. Kubota: Net Sales, 2018–2020 ($ Million)
Figure 33. Kubota: Revenue Share by Segment, 2020 (%)
Figure 34. Kubota: Revenue Share by Geography, 2020 (%)
Figure 35. Mahindra: Net Sales, 2018–2020 ($ Million)
Figure 36. Mahindra: Revenue Share by Segment, 2020 (%)
Figure 37. Mahindra: Revenue Share by Geography, 2020 (%)
Figure 38. Trimble: Net Sales, 2018–2020 ($ Million)
Figure 39. Trimble: Revenue Share by Segment, 2020 (%)
Figure 40. Trimble: Revenue Share by Geography, 2020 (%)
Figure 41. Yanmar: Net Sales, 2018–2020 ($ Million)

Executive Summary

According to a new report titled, “Autonomous Tractors Market by Component, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global autonomous tractors market size was valued at $1.6 billion in 2020, and is projected to reach $11.6 billion by 2030, registering a CAGR of 20.9% from 2021 to 2030.

By component, the market is segmented into sensor, GPS, vision system, and others. Among these, the GPS segment accounted for the highest market share in 2020 and the other components segment is expected to witness significant growth during the forecast period, owing to increase in demand for autonomous tractors owing to need for improving efficiency in farming activities. The market is analyzed with respect to different applications in tillage, harvesting, irrigation, seed sowing, spraying, and fertilizing.

The market is mainly driven by increasing awareness among farmers regarding the importance of enhancing yield of the farm and increased investments in the agriculture industry globally. However, requirement of high initial investment is a major restraint in the growth of the market.

In 2020, North America dominated the global market, in terms of revenue. Moreover, the market in LAMEA region is growing with high CAGR, owing to increase in agricultural activities.

The rise in global population has significantly increased the demand for food products, thereby creating a need for enhancing the efficiency of farming activities. Furthermore, increase in number of government initiatives to boost the agricultural industry has fueled investments in the agriculture industry, thereby positively influencing the autonomous tractors market growth. In addition, rise in urbanization has reduced manpower in rural regions for agricultural activities, thereby highlighting the importance of autonomous machineries that make optimum use of available labor.

Furthermore, on the basis of application, the tillage segment is anticipated to witness rapid growth during the forecast period, owing to increase in government initiatives for implementation of new technologies in agriculture.

For instance, according to India Brand Equity Foundation, in September 2021, the Union Ministry of Agriculture & Farmers Welfare, initiated the Digital Agriculture Mission 2021–2025. The ministry signed five memorandums of understandings (MoUs) with companies such as CISCO, Ninjacart, Jio Platforms Limited, ITC Limited and NCDEX e-Markets Limited (NeML), to boost digital agriculture with the help of pilot projects. The Digital Agriculture Mission aims to accelerate projects that are based on new and advanced technologies such as AI, block chain, remote sensing and GIS technology as well as use of drones and robots.

During the pandemic lockdown, various manufacturers in the autonomous tractors market had to stop their business in countries such as China, the U.S., and India. However, scarcity of labor for agricultural activities created by initial lockdowns, fueled the demand for autonomous tractors. Furthermore, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of autonomous tractors companies.

The key players profiled in the autonomous tractors market report include AGCO Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, CNH Industrial, Deere & Company, KINZE Manufacturing, Kubota Corporation, Mahindra & Mahindra, Trimble, and Yanmar.

Key Findings Of The Study


  • The report provides an extensive analysis of the current and emerging autonomous tractors market trends and dynamics
  • Depending on component, the GPS segment dominated the autonomous tractors market share, in terms of revenue in 2020 and the other component segment is projected to grow at a significant CAGR during the forecast period
  • By application, the others segment registered highest revenue in 2020
  • Depending on power output, 30-50 HP segment dominated the market in 2020
  • Asia-Pacific is projected to register highest growth rate in the coming years
  • The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the autonomous tractors industry
  • The report provides an extensive analysis of the current trends and emerging opportunities of the market
In-depth autonomous tractors market analysis is conducted by constructing estimations for the key segments between 2021 and 2030

Companies Mentioned

  • AGCO Corporation
  • Autonomous Solutions, Inc.
  • Autonomous Tractor Corporation
  • CNH Industrial
  • Deere & Company
  • KINZE Manufacturing
  • Kubota Corporation
  • Mahindra & Mahindra
  • Trimble
  • Yanmar.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages235
PublishedFebruary 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 1736.9 million
Forecasted Market Value ( USD ) by 2030 $ 11588.8 million
Regions CoveredGlobal
No. of Companies Mentioned10

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