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Autonomous Tractors Market Projected to Hit USD 14,624.86 Million at a 20.6% CAGR by 2032 | PMR
Autonomous Tractors Market
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Market Definition:
An autonomous tractor is a standalone agricultural machine used for tillage and other agricultural duties that can deliver a high tractive effort (or torque) at modest speeds. Because it functions without a human inside the tractor, it is referred to as driverless. They are programmed to monitor their position autonomously, determine their speed, and steer clear of people, animals, and objects in the field while carrying out their duty, just like other uncrewed ground vehicles.
Key Players:
Because there are so many companies in the industry, it is expected to be both competitive and fragmented.
Here is the list of the leading companies operating in the autonomous tractors industry:
• AGCO Corporation
• Autonomous Solutions Inc.
• Autonomous Tractor Corporation
• CNH Industrial
• Deere & Company
• KINZE Manufacturing
• Kubota Corporation
• Mahindra & Mahindra
• Trimble
• Yanmar
𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2482/2
Segmentation Overview:
The autonomous tractors market is mainly segmented based on power output, component, application, crop type, and region. Based on the power output research, the market share in 2022 was dominated by the 31-100 HP segment since numerous of the existing models of autonomous tractors fail within this energy output capacity and are primarily utilized in less-scale agriculture processes.
Furthermore, the component analysis indicates that in terms of both volume and value, the radar segment retained the biggest market share in 2022. It is ascribed to the dependability, range, affordability, adaptability, and regulatory submission of radar components.
Growth Drivers and Opportunities:
● Expanding the agriculture industry is a key aspect in increasing the global revenue of the autonomous tractors market. With a growing population, the demand for food is also increasing.
● The popularity of automation in this industry has prompted manufacturers to offer more products in order to reach a large number of farmers and increase productivity. As a result, this component significantly contributes to global market growth.
Click here to Access the Full Report: https://www.polarismarketresearch.com/industry-analysis/autonomous-tractors-market
Geographical Landscape:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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