Autonomous Tractors Market 2023 | Top Companies Overview, Industry Growth Report 2028

IMARC Group has recently released a new research study titled "Autonomous Tractors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global autonomous tractors market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21.5% during 2023-2028.

Autonomous tractors are self-driving tractors that are automatically operated with modern technology to offer better efficiency while reducing human intervention. They include various components such as radar, light, detection, and ranging (LiDAR), ultrasonic range sensors, a global positioning system (GPS), camera/vision sensors, and hand-held devices. They help transform farming and make agriculture more automated, provide real-time soil analysis, and aid in seed selection, planting, and field mapping using data science, deep learning, and computer vision. As a result, autonomous tractors are gaining immense traction in the agricultural sector across the globe.

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Autonomous Tractors Market Trends and Drivers:

The market is primarily driven by the rising demand for autonomous tractors for improving the yield of farms and the enhanced efficiency of agricultural procedures. They also provide labor productivity by allowing farmers to manage numerous farming operations simultaneously. In addition, the growing population and rapid urbanization are contributing to market growth.

Moreover, various technological advancements such as the introduction artificial intelligence (AI), machine learning (ML), precision farming, and the incorporation of the Internet of Things (IoT) represent another major growth-inducing factor. Besides this, governments of numerous countries are investing in the agriculture industry to promote sustainable production techniques, which is providing a positive thrust to market growth.

Furthermore, the widespread adoption of autonomous tractors for seed sowing, tillage, and harvesting, product innovations, and mergers and acquisitions among key players, are also creating a favorable market outlook.

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Global Autonomous Tractors Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Autonomous Tractors Companies:

AutoNext Automation Pvt. Ltd., Autonomous Solutions Inc., Deere & Company, Kubota Corporation, Raven Industries Inc., Trimble Inc., Yanmar Holdong Co.Ltd. and Zimeno Inc.

The report has segmented the market on the basis of component, power output, crop type and application.

Breakup by Component:
LiDAR
Radar
GPS
Camera/Vision Systems
Ultrasonic Sensors
Hand-held Devices

Breakup by Power Output:
Less than 30 HP
30-50 HP
51-100 HP
More than 100HP

Breakup by Crop Type:
Fruits and Vegetables
Cereals and Grains
Oilseeds and Pulses

Breakup by Application:
Tillage
Seed Sowing
Harvesting
Others

Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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