Autonomous And Semi-autonomous Tractors Market - Forecast(2024 - 2030)
Autonomous and Semi-autonomous Tractors Market Overview
Autonomous and Semi-autonomous Tractors market
is estimated to witness $4.5 billion by 2026 with a CAGR of 26.2% during the forecast
period 2021-2026. Autonomous and semi-autonomous tractors include crop yield
monitoring systems that monitor the crop and field and assist the owner in
managing the field based on soil properties. Semi-autonomous tractors reduce
human effort by assisting the driver in certain actions, whereas autonomous
tractors are completely driverless tractors that replace the driver with a
variety of software and hardware components. Moreover, the rising population in
developing countries such as China, India and others are increasing the demand
for agricultural products thereby raising the demand for driverless farming
machine to harvest the agriculture produce, irrigate and perform many other functions
by using GPS systems. In 2021, CNH Industrial has
announced an investment in Monarch Tractor, a U.S.-based agriculture technology
company, with the goal of developing an electric tractor platform that combines
a fully electric powertrain with autonomous technologies to aid in the
advancement of farming operations. This kind of development set to propel the
market growth. Driverless farming machines are estimated to witness substantial growth with a CAGR of 27.10% over the forecasted period 2021-2026 owing to its advanced technologies such as machine vision systems, GPS, auto-steering and others.
Report Coverage
The report: “Autonomous and Semi-autonomous Tractors market Forecast (2021-2026)”, by
IndustryARC covers an in-depth analysis of the following segments of the Autonomous and Semi-autonomous Tractors market.
By Type– Semi autonomous
tractors, autonomous tractors.
By Application- Seed sowing, harvesting, irrigation, Tillage and
others.
By Geography - North America (U.S, Canada, Mexico), South America(Brazil,
Argentina, Colombia and others), Europe (Germany, UK, France, Spain, Italy and
Others), APAC(China, Japan, South Korea, India, Australia and Others), and RoW (Middle East and Africa)
Key Takeaways
- Increased demand for power steering in passenger vehicles as well as in commercial vehicle is driving the Automotive Electric Oil Pump industry demand
- Driverless farming machine are estimated to witness substantial growth with a CAGR of 27.10% over the forecasted period 20201-2026 owing to its advanced technologies such as machine vision systems, GPS and others
- Asia-Pacific regions are witnessing the fastest-growing rate in the markets Autonomous and Semi-autonomous Tractors owing to high demand of agricultural produced.
Autonomous and Semi-autonomous Tractors market Value Share, By Type, 2020 (%)
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Autonomous and Semi-autonomous Tractors market Segment Analysis- By Type
The driverless farming machine are
estimated to witness substantial growth with a CAGR of 27.10% over the
forecasted period 20201-2026 owing to its advanced technologies such as machine
vision systems, GPS to perform agriculture tasks such as tillage and others. Moreover,
it determines the speed and avoids obstacles such as animals, people, or
objects in the field, and as a result of these factors, the demand for
Autonomous and Semi-autonomous Tractors is surging in the market. Due to rising
urbanisation there has been a decrease in agricultural labour in the field and
thus due to such factor, farmers are increasingly adopting agricultural
mechanization (i.e., Tractors) as a substitute for manual labour with more
cost-effective, easily available, and more efficient means of agricultural
operation. As tractors are the primary source of power for driving agricultural
machinery and hence autonomous and semi-autonomous tractors are estimated to
propel in the market.
Autonomous and Semi-autonomous Tractors market Segment Analysis - By Application
Harvesting
segment is estimated to witness substantial growth with a CAGR of 27.1% over
the forecasted period owing to rise in demand to cover more acres of land in
less time which was not possible without these customised tractors which enable
the user to attain faster and more cost efficient harvesting. Kubota, Escorts, CNH Industrial, John Deere are the major market
players providing advanced autonomous tractors and boosting the demand. For
instance John Deere in 2021 has introduced its new 9R Series tractor range and
offers a full activation package for maximum automation which includes Turn
Automation, Section Control, Variable Rate Control, Passive Implement Guidance,
In-Field Data Sharing, Machine Sync and also new Auto Path row guidance. Autonomous and Semi-autonomous Tractors increase the productivity in the
field through effective harvesting process, and also improve safety, and reduce
costs for many agricultural operations, due to such factors there has been an
increase in adoption of these tractors for harvesting.
Autonomous and Semi-autonomous Tractors market Segment Analysis – By Geography
North America held largest share 32.1% in 2020 owing to its high rate of adoption of advanced technology and the presence of large tractor manufacturers that are investing in the development of autonomous tractors. Availability of large fields, limited labour availability, and massive grasslands in North America regions and high per capita income are major factors driving the autonomous and semi-autonomous tractors market. The companies such as Kubota, John Deere, Escorts located in these regions are increasingly launching new autonomous tractors, dominating the market with faster innovations and product launches. In 2021 John Deere has acquired U.S. autonomous tractor start up Bear Flag Robotics for $250m to make its agricultural equipment autonomous. Asia-Pacific regions are witnessing the fastest-growing rate in the markets Autonomous and Semi-autonomous Tractors owing to high demand of agricultural produced. Asia Pacific, is expected to expand its adoption for semi-autonomous tractors at a rapid pace in countries such as China and India, owing to their lower cost as compared to the fully driverless tractors.
Autonomous and Semi-autonomous Tractors market Drivers
Rising technological advancement
The increased technological
advancement in self-driving technology for vehicles with object detection capabilities
using radar, multi-camera systems, and LiDAR technology, among other things, is
projected to increase the adoption of automated tractors. Farmers are adopting technologies
such as autonomous tractors that can be productive in light of the current
challenge, as technologically assisted agriculture requires skilled labourers
who are in short supply. This scenario is one of the primary factors driving
the market forward. Moreover, automation in tractor has become a strong trend,
hastening the expansion of precision farming operations. Farmers now have
access to cutting-edge technologies in autonomous as well as semi-autonomous
tractors as GPS, sensors, laser diodes, and other for automating their work,
which is propelling the market for autonomous and semi-autonomous tractors. In
2021 John Deere has redesigned its most popular 2430C Nutrient Applicator to provide greater precision and control of nutrient
placement at high operating speeds. This new 2430C Nutrient Applicator is a rugged,
highly productive tool for service providers and farmers to accurately apply
anhydrous ammonia across more acres more quickly while minimizing outgassing,
thus these advancements is estimated to propel the market demand.
High Productivity and accuracy
Autonomous tractors make use of
cutting-edge technology, such as overlapping and redundant sensor arrays. These
can aid in the detection of any irregularities in the field during operation
and are critical to overall farm productivity. Lidar enables the user to determine
ranges by targeting an object with a laser and measuring the time for the
reflected light to return to the receiver through this the user can attain to
it productivity by targeting the area. Moreover, Labour shortages, safety
issues, and climate change are one of the major obstacles for obtaining
productivity thus farmers are increasing the adoption of driverless tractors to
future-proof the agricultural business. Thus, such factors are driving the Autonomous
and Semi-autonomous Tractors industry.
Autonomous and Semi-autonomous Tractors market Challenges
High cost and lack of awareness
Lack of knowledge and technology integration in the
developing countries is likely to hinder the development of the Autonomous and
Semi-autonomous Tractors market. As the end users of these automated tractors
are mostly farmers and sometimes, they find it difficult to keep up with the
latest trends and technologies that directly affect the adoption of such
advanced tractors. Moreover, high cost of investments in such advanced
autonomous tractors is also hindering the Autonomous and Semi-autonomous
Tractors market size.
Autonomous and Semi-autonomous Tractors Market Landscape
Technology launches, acquisitions and R&D activities are
key strategies adopted by players in the Solar Cell Fabric market. Automotive Electric Oil Pump industry top 10 companies – Mahindra and Mahindra, Kubota, Dutch Power Company, John
Deere, Escorts, CNH Industrial, Komatsu, Raven Industries, Sonalika
International, Massey Ferguson.
Acquisitions/Technology Launches
- In 2020, Kubota announced a collaboration with the US chipmaker Nvidia to develop highly sophisticated self-driving farm tractors capable of making complete autonomous tractors. The collaboration aims to boost the autonomous tractor in the market
- In 2019, Massey Ferguson introduced its stunning new concept tractor, the MF NEXT. It is a concept that embodies Massey Ferguson's DNA and vision of making tractor technology accessible, easy-to-use, and affordable.
Relevant Report Titles:
Semi-autonomous & Autonomous Truck Market – Forecast (2021
- 2026)
Report Code: AM 92926
Global Semi-Autonomous Vehicles Market – Forecast (2021 -
2026)
Report Code: AM 40175
For more Automotive Market reports, please click here
LIST OF TABLES
LIST OF FIGURES
1.US Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)2.Canada Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
3.Mexico Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
4.Brazil Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
5.Argentina Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
6.Peru Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
7.Colombia Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
8.Chile Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
9.Rest of South America Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
10.UK Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
11.Germany Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
12.France Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
13.Italy Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
14.Spain Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
15.Rest of Europe Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
16.China Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
17.India Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
18.Japan Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
19.South Korea Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
20.South Africa Autonomous And Semi-autonomous Tractors Market Revenue, 2023-2030 ($M)
21.North America Autonomous And Semi-autonomous Tractors By Application
22.South America Autonomous And Semi-autonomous Tractors By Application
23.Europe Autonomous And Semi-autonomous Tractors By Application
24.APAC Autonomous And Semi-autonomous Tractors By Application
25.MENA Autonomous And Semi-autonomous Tractors By Application
26.Ag Leader Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.AGCO Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Agjunction, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Autonomous Solutions Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.CLAAS KGaA mbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.CNH Industrial N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Deere Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Escorts Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Raven Industries, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.KUBOTA Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Dutch Power Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Trimble, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Mahindra Mahindra Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.YANMAR CO., LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.SAME DEUTZ-FAHR Italia S.p.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)