Autonomous tractor market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2024-2031). The market growth is attributed to the increased agricultural productivity with advanced technology globally. Advanced technology, such as GPS, sensors, cameras, and artificial intelligence algorithms, equip autonomous tractors to carry out a variety of activities without the need for human interaction. Plowing, sowing, spraying, and harvesting are a few examples of these tasks. The main benefit of autonomous tractors is their capacity to operate continuously, improving total agricultural productivity and efficiency.
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Autonomous tractors are innovative agricultural equipment outfitted with innovative technologies. These devices are made to work on farms without the assistance of a human, doing everything from planting and harvesting to plowing and planting. For smooth operation, they rely on a mix of sensors, GPS technology, artificial intelligence, and complex algorithms. Numerous sensors, including LiDAR, radar, and cameras, are installed in autonomous tractors to give them real-time information about their environment. As a result of this, they can move around and perform well in even the most complicated settings. With sophisticated software, farmers may remotely monitor and operate autonomous tractors. This capability is convenient and flexible, especially for large-scale agricultural operations management.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Autonomous Tractor Market by Component
- Lidar
- Radar
- GPS systems
- Camera Vision Systems
- Ultrasonic sensors
- Hand-Held Devices
Global Autonomous Tractor Market by Power Output
- Up to 30 HP
- 30 HP to 100 HP
- Above 100 HP
Global Autonomous Tractor Market by Farm Application
- Tillage (Primary & Secondary Tillage)
- Seed Sowing
- Harvesting
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- AGCO Corp.
- Agro Intelligence A/S
- Agro Tractors S.P.A
- Autonomous Solutions, Inc. (ASI)
- Autonomous Tractor Corp.
- Autonxt
- CLAAS KGaA mbH
- CNH Industrial N.V.
- Daedong
- ISEKI & CO.,LTD.
- J C Bamford Excavators Ltd.
- Mahindra & Mahindra Ltd.
- Monarch Tractor
- Raven Industries, Inc.
- SDF Group
- Sonalika
- TYM Corp.
- YANMAR HOLDINGS CO., LTD.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global autonomous tractor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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