Autonomous Tractors Market is Estimated to Reach USD 8555.7 Million By 2030: Cognitive Market Research

Global Autonomous Tractors Market Overview:
Autonomous tractors are vehicles used on farms and work automatically with intelligent systems that guide them to work properly. They use a combination of sensors, GPS, and other technologies to navigate and perform various farming tasks such as planting, fertilizing, and harvesting crops. Autonomous tractors can be equipped with a variety of sensors, including cameras, LIDAR, and radar to detect and avoid obstacles in their path. They use GPS technology to navigate and track their location and can be programmed with maps of the fields they are working.

Summary:
• As per the study of CMR, The Global Autonomous Tractors Market Size Was Valued at USD 1766.3 Million In 2022 And is Expected to Grow at a CAGR Of 21.8 % During the Forecast Period, Reaching USD 8555.7 Million By 2030.
• Based on component, the radar segment held a significant share in 2022 owing to the rapid adoption of radar technology, as it plays an important role in enabling the vehicle to detect and avoid obstacles in its path.
• North America is expected to dominate the autonomous tractors market during the forecast period.

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What are the driving factors for the autonomous tractors market?
Increasing agriculture development along with increasing demand for food is the main driving factor contributing to the growth of the autonomous tractors market during the forecast period. Autonomous tractors are becoming an integral part that has the potential to revolutionize the agricultural industry by increasing efficiency, productivity, and sustainability. Additionally, recent advancements in the robotic vehicle have driven market growth over the forecast period. However, autonomous tractors may be more expensive to purchase and maintain than traditional tractors, which can be a barrier for some owners. This is expected to obstruct the growth of the autonomous tractors market in near future. Further, the tractor will be equipped with a diesel engine with a certain horsepower rating, depending on the size and capabilities of the machine. This is expected to create great opportunities for the market during the forecast period.

Market Segmentation:
Global autonomous tractors market application segmentation:
• Tillage
• Seed Sowing
• Harvesting
• Other
The tillage segment is a major revenue contributor in terms of application, with the advent of autonomous tractors, the tillage process can be easily automated making it possible to offer several potential benefits. Autonomous tractors can work precisely, which can result in faster and more efficient tillage operations. Moreover, autonomous tractors can be programmed to work with high precision, resulting in more consistent and uniform tillage across the farm.

Global autonomous tractors market component segmentation:
• LiDAR
• Radar
• Ultrasonic Sensors
• GPS
• Others
Based on components, the radar segment held a significant share in 2022 owing to the rapid adoption of radar technology, as it plays an important role in enabling the vehicle to detect and avoid obstacles in its path. Additionally, radar sensors can be used to create a 3D map of the surrounding environment, which can be used to optimize the tractor's path.

Global autonomous tractors market type industry segmentation:
• Fully Autonomous Tractors
• Semi-autonomous Tractors

Global autonomous tractors market power output segmentation:
• Up to 30 HP
• 31 to 100 HP
• 101 HP & Above

Competitive Analysis of Autonomous Tractors Market: AGCO, Kinze Manufacturing, New Holland, Yanmar, Case IH, John Deere, Kubota, Mahindra & Mahindra

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North America is expected to dominate the autonomous tractors market during the forecast period.
As per CMR analysis, North America is expected to dominate the autonomous tractors market during the forecast period. The growth of market is significantly growing in the region due to the many companies developing autonomous vehicles in the region and the widespread adoption of autonomous technologies. For example, John Deere, a leading agricultural machinery manufacturer, has developed and tested multiple models of autonomous tractors in North America.

News: John Deere introduced a fully autonomous tractor:
In January 2022, John Deere introduced a fully autonomous tractor prepared for large-scale production. The machine incorporates the company's 8R tractor, GPS guidance system, TruSet-enabled chisel plow, and novel technology. The autonomous tractor has 6 pairs of stereo cameras, which enables 360-degree obstacle detection and the estimation of distance.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Autonomous Tractors Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Autonomous Tractors Market Segmentation
1.5.1 Autonomous Tractors Market Regional Fragmentation
1.5.1 Autonomous Tractors Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Autonomous Tractors Market
• 3.1 Global Autonomous Tractors Market Size 2018 - 2030, (USD Million)
• 3.2 Global Autonomous Tractors Value, Absolute & Opportunity Analysis
• 3.3 Global Autonomous Tractors Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Autonomous Tractors Market Statistics 2022: Snapshot
Chapter 4 Global Autonomous Tractors Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Autonomous Tractors Market by Component Segmentation Analysis (2018-2030)
Chapter 10 Global Autonomous Tractors Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Autonomous Tractors Market by Type Segmentation Analysis (2018-2030)
Chapter 12 Global Autonomous Tractors Market by Power Output Segmentation Analysis (2018-2030)
Chapter 13 Global Autonomous Tractors Market Regional Analysis
Chapter 14 North America Autonomous Tractors Market Outlook (2018 - 2030)
Chapter 15 Europe Autonomous Tractors Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Autonomous Tractors Market Outlook (2018 - 2030)
Chapter 17 Latin America Autonomous Tractors Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Autonomous Tractors Market Outlook (2018 - 2030)
Chapter 19 Research Findings
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Related Report:
• Agriculture Tools Market- https://www.cognitivemarketresearch.com/agriculture-tools-market-report
• Farm Equipment Market- https://www.cognitivemarketresearch.com/farm-equipment-market-report
• Autonomous Vehicle Market- https://www.cognitivemarketresearch.com/autonomous-vehicle-market-report
• Autonomous Vehicle Sensor Market- https://www.cognitivemarketresearch.com/autonomous-vehicle-sensor-market-report

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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