The autonomous tractor market is expected to register a CAGR of 18.5% during 2023–2031. The rising advancement of remote control-based tractors is the key future trend in the global market in the coming years.
Autonomous Tractor Market Analysis
- Automation in the agriculture sector is transforming the industry owing to increasing investment in research and development by the key players in the market. Automation in agriculture is providing efficiency and accuracy in farm operations. The market for autonomous tractors is growing significantly as they operate continuously and confirm task completion on time. Autonomous tractors are efficient in reducing operating costs. Demand for autonomous is increasing owing to its multifunctionality, efficient, and productive results.
- The key players are adopting several strategies, including new product launches, mergers, acquisitions, and partnerships, to diversify their offerings and grow their presence in the agriculture industry. For instance,
- August 2023: Mahindra Tractors launched revolutionary lightweight four-wheel drive tractors for the Indian market. The company launched 7 models with advanced technologies, such as MYOJA Intelligence Packs, PROJA with Productivity Pack, and ROBOJA with Automation Pack.
Autonomous Tractor Market Overview
- An autonomous tractor is an agricultural vehicle that can perform its tasks without direct human intervention. The adoption of autonomous tractors has resulted in better farming productivity as they can complete chores more effectively and efficiently. With the help of these tractors, operating costs can be reduced. The autonomous tractor market is expected to grow significantly with the adoption of technological innovations such as IoT, artificial intelligence (AI), and others.
- Leading brands, such as John Deere, are planning to introduce autonomous tractors in collaboration with Bear Flag Robotics and Monarch Tractor.
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Autonomous Tractor Market: Strategic Insights
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Autonomous Tractor Market: Strategic Insights
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Autonomous Tractor Market Drivers and Opportunities
An increase in government investment in the agriculture sector across the globe drives market growth.
- The growth of the autonomous tractor market is attributed to the rapid agriculture sector and increasing government programs to fund agriculture developments in India. The Indian government launched several schemes and programs such as Pradhan Mantri Kisan Samman Nidhi, Pradhan Mantri Fasal Bima Yojana (PMFBY), Modified Interest Subvention Scheme, Agriculture Infrastructure Fund, Rashtriya Krishi Vikas Yojana and many others for the rural development. Such government schemes help to promote agriculture development in India. With increasing government funding, the farmers in India are investing in adopting advanced farm equipment and vehicles such as tractors and other farming equipment which ultimately drives the India autonomous tractor market growth during the forecast period.
Development of advanced technology-based tractors across the globe drives market growth.
- An autonomous tractor is to be used as fertilizers, pesticides, and irrigation. It helps in reducing waste and minimizes the environmental impact of agriculture. With integration of AI in the system will provide significant data, which would help in increasing precision and enable further land use optimization. IoT enables tractors equipped with advanced sensors, GPS, and internet connectivity, creating an opportunity for the autonomous tractor market.
Autonomous Tractor Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Autonomous Tractor market analysis are product type and vehicle type.
- Based on technology, the global market is divided into GPS guidance, sensor-based, and remote control.
- Depending upon the automation, the market is segmented into fully autonomous and semi-autonomous.
- Based on application, the market is segmented into harvesting, tillage, planting & seeding, and others.
Autonomous Tractor Market Share Analysis by Geography
- The Autonomous Tractor market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering autonomous tractor market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Autonomous Tractor market in these regions.
Autonomous Tractor Market Regional Insights
The regional trends and factors influencing the Autonomous Tractor Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Autonomous Tractor Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Autonomous Tractor Market
Autonomous Tractor Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2024 - 2031) | 18.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Autonomous Tractor Market Players Density: Understanding Its Impact on Business Dynamics
The Autonomous Tractor Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Autonomous Tractor Market are:
- AGCO Corporation
- CNH Industrial N.V.
- Mahindra & Mahindra Ltd.
- Deere & Company
- Kubota Corporation
- Yanmar Holdings Co., Ltd.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Autonomous Tractor Market top key players overview
Autonomous Tractor Market News and Recent Developments
The Autonomous Tractor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Autonomous Tractor market are listed below:
- During a press conference at CES 2022, John Deere revealed a fully autonomous tractor that's ready for large-scale production. The machine combines Deere's 8R tractor, TruSet-enabled chisel plow, GPS guidance system, and new advanced technologies. The autonomous tractor will be available to farmers later this year. The autonomous tractor serves a specific purpose: feeding the world. (Source: John Deere, Company Website, January 2022)
- John Deere, Kinze Manufacturing, and Ag Leader Technology announced a collaboration agreement that will make it easier for farmers to integrate each company’s equipment and technology solutions into their farming operations. (Source: Kinze Manufacturing, News and PR, March 2024)
- Trimble to Provide Advanced Positioning Systems to Sabanto for Enhanced Autonomous Tractor Performance. Trimble and Sabanto have announced the integration of Trimble BX992 Dual Antenna GNSS receivers with Trimble CenterPointⓇ RTX into Sabanto’s autonomy solutions. Trimble will act as Sabanto’s key autonomous technology provider, delivering high-accuracy positioning to its fleet. (Source: Trimble, News Release, December 2023)
Autonomous Tractor Market Report Coverage and Deliverables
The “Autonomous Tractor Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Autonomous tractor market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Autonomous tractor market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Autonomous tractor market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Autonomous Tractor market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global autonomous tractor market is expected to grow at a CAGR of 18.5% during the forecast period 2023 - 2031.
The increasing government investment in the agriculture sector with increasing production of tractors are the major factors driving the autonomous tractor market.
`The rising advancement of remote control-based tractors is the key future trend in the global market in the coming years.
The leading players operating in the Autonomous Tractor market include AGCO Corporation, CNH Industrial N.V., Mahindra & Mahindra Ltd., Deere & Company, Kubota Corporation, Yanmar Holdings Co., Ltd., AB Volvo, PACCAR Inc., Navistar, Inc., Embark Carss, Inc., PlusAI, Inc., Kodiak Robotics, and others.
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Some of the customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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The List of Companies
1. AGCO Corporation.
2. Autonomous Solutions Inc.
3. Autonomous Tractor Corporation.
4. Deere Company.
5. Kinze Manufacturing
6. Kubota Agricultural Machinery India.
7. Mahindra Mahindra Ltd.
8. Raven Industries, Inc.
9. Trimble Inc.
10. YANMAR CO. , LTD.
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