Autonomous Tractors Market to Observe Strong Development of 26.9% CAGR by 2026 | Global Key Players (Yanmar, Trimble, AGCO, Kubota, Agjunction, Raven, Dutch Power)

Marketprognosis.com Publish a New Market Research Report On “Autonomous Tractors - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Autonomous Tractors Market:

The Global Autonomous Tractors Market is expected to grow at a CAGR of 26.9% during the forecast period (2017-2026). Rising in average age regarding farmers in emerging nations, increase effectiveness and productivity by improved crop yields and favorable government schemes for implementation of current agricultural techniques are some of the factors fuelling the market growth. However, huge initial capital investments and lack of technical knowledge among farmers are hampering the growth of the market. Integration of smart phones through agricultural hardware and software applications for autonomous tractors provides ample of opportunities for the market.

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Autonomous tractors acts as a slightly managed driverless tractors used during agricultural sector. These tractors be light in weight and be able to work for 24 hours with no downtime. These tractors are also identified as robotic tractors.

Based on Component, Radar segment can resolve the velocity, range and angle of moving objects and be able to work in almost every weather conditions. They are more lucrative than LiDAR systems although more costly compared towards cameras, which makes them a desirable choice to other components considered via manufacturers for incorporation in autonomous tractors.

Geographically, Europe is expected to observe the fastest growing during the forecast period due to huge proficient innovations, joined through continuous development in agricultural technologies might boost up the demand for the market in the region. North America captured the largest market share owing to the occurrence of large-scale manufacturers, such as AGCO (US) and Deere (US) invest into the growth of autonomous tractors.

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Major Key Players:

1 CNH Industrial N.V.

2 Deere & Compan

3 Yanmar Co., Ltd.

4 Trimble Inc.

5 AGCO Corporation

6 Kubota Corporation

7 Agjunction, Inc.

8 Ag Leader Technology, Inc.

9 Raven Industries

10 Mahindra and Mahindra Limited and More…………….

Market segment by Power Outputs:

1 31–100 HP

2 Up to 30 HP

3 101 HP & Above

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Market segment by Components:

1 Radar

2 Camera/Vision Segments

3 Hand-Held Devices

4 LiDAR

5 GPS

6 Ultrasonic Sensors

What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2026?

3 What are the technologies & innovation trends, how will they evolve by 2026?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

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This release was published on openPR.