Autonomous Tractors Market by Power Output, Crop Type, Farm Application, Component, and Region - Global Forecast to 2025

Dublin, April 10, 2018 -- The "Autonomous Tractors Market by Power Output (Up to 30 HP, 31-100 HP, 101 HP and Above), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Farm Application, Component, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The autonomous tractors market is projected to grow at a CAGR of 24.89%.

The autonomous tractors market is projected to witness demand for 12,508 units in 2019 and 60,901 units by 2025, at a CAGR of 24.89%.

The market is primarily driven by factors such as improved efficiency and productivity of crop yield offered by these tractors and growth in initiatives by governments for the adoption of new technologies. The increase in the average age of farmers in developed countries and decline in the availability of labor are also the major factors driving the demand for autonomous tractors in the near future.

Factors such as high initial capital investment and lack of technical knowledge among farmers act as a major restraint for the growth of the autonomous tractors market.

The up to 30 HP segment is projected to grow at the highest CAGR among other power output ranges. The increase in narrow gaps between rows in farming will drive the demand for low HP tractors in the forecast period.

Based on component, the market for GPS is projected to be the fastest-growing during the forecast period. The high accuracy of GPS which allows autonomous tractors to create farm maps with precise acreage for field areas, road locations, and distances between points of interest is the major factor driving the market.

Based on farm applications of autonomous tractors, tillage is projected to form the largest segment. Tillage refers to the preparation of land for growing various types of crops. With the advancements in technology and various research & development activities by agronomists, tillage activities are increasingly being made autonomous for broad acre and row crop farming.

Europe is projected to be the fastest-growing market over the forecast period years. The high-income level of European farmers is an important driver for farmers opting for heavy and expensive machinery such as autonomous tractors. Highly efficient innovations, coupled with continuous improvement in agricultural technologies may boost the demand for autonomous tractors in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Autonomous Tractors Market
4.2 Autonomous Tractors Market, By Region, 2019-2025
4.3 Asia Pacific Autonomous Tractors Market, By Power Output and Country
4.4 Autonomous Tractors Market, By Crop Type & Region
4.5 Autonomous Tractors Market Share: Key Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Improved Efficiency and Productivity Through Improved Crop Yields
5.2.1.2 Growth in Trend of Mechanization in the Agricultural Industry
5.2.1.3 Favorable Government Initiatives for Adoption of Modern Agricultural Techniques
5.2.1.4 Introduction of Autonomous Tractors By Leading Market Players in Developing Countries
5.2.1.5 Increase in Average Age of Farmers in Developed Countries
5.2.1.6 Decline in Availability of Labor and Increase in Labor Wages
5.2.2 Restraints
5.2.2.1 High Initial Capital Investment
5.2.2.2 Lack of Technical Knowledge Among Farmers
5.2.3 Opportunities
5.2.3.1 Integration of Smartphones With Agricultural Hardware and Software Applications for Autonomous Tractors
5.2.4 Challenges
5.2.4.1 Lack of Data Management Practices in Agriculture
5.2.4.2 Smaller Land Holdings in Developing Economies

6 Autonomous Tractors Market, By Component
6.1 Introduction
6.2 LiDAR
6.3 Radar
6.4 GPS
6.5 Camera/Vision Segments
6.6 Ultrasonic Sensors
6.7 Hand-Held Devices

7 Autonomous Tractors Market, By Power Output
7.1 Introduction
7.2 Up to 30 HP
7.3 31-100 HP
7.4 101 HP & Above

8 Autonomous Tractors Market, By Crop Type
8.1 Introduction
8.2 Cereals & Grains
8.2.1 Corn
8.2.2 Wheat
8.2.3 Rice
8.2.4 Others
8.3 Oilseeds & Pulses
8.3.1 Soybean
8.3.2 Canola
8.3.3 Others
8.4 Fruits & Vegetables
8.4.1 Orange
8.4.2 Vineyards
8.4.3 Others

9 Autonomous Tractors Market, By Farm Application
9.1 Introduction
9.2 Tillage (Primary & Secondary Tillage)
9.3 Seed Sowing
9.4 Harvesting
9.5 Other Farm Applications

10 Autonomous Tractors Market, By Region

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 New Product Developments
11.3.2 Collaborations
11.3.3 Acquisitions
11.3.4 Expansions

12 Company Profiles

• Agco
• CNH
• Mahindra & Mahindra Ltd.
• Deere & Company
• Kubota Corporation
• Yanmar Co., Ltd.
• Autonomous Tractor Corporation
• Trimble, Inc.
• Agjunction, Inc.
• Raven Industries
• AG Leader Technology
• Dutch Power Company

For more information about this report visit https://www.researchandmarkets.com/research/4dzf82/autonomous?w=12

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         Related Topics: Tractors