Global Autonomous and Semi Autonomous Tractors Market : Global Industry Analysis and Forecast (2018-2026)
Global Autonomous and Semi-Autonomous Tractors Market is expected to reach US$9.2 Bn by 2026, at a CAGR of 25 % during a forecast period.
The reported segment of autonomous and semi-autonomous tractors market based on technology, driverless power output, driver-assisted power output, component, application, and region. In terms of technology, the autonomous and semi-autonomous tractors market is classified into driverless tractors and driver-assisted tractors. Based on driverless power output, the autonomous and semi-autonomous tractors market is categorized into below 30 HP, 31 HP to 100 HP, 101 HP and above. On the basis of driver-assisted power output, the autonomous and semi-autonomous tractors market is segregated into below 30 HP, 31 HP to 100 HP, 101 HP and above. In terms of component, the autonomous and semi-autonomous tractors market is categorized into GPS, radar, LiDAR, camera/vision systems, ultrasonic sensors, handheld devices. Based on application, the autonomous and semi-autonomous tractors market is classified into agriculture, harvesting, seed sowing, and irrigation. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
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Autonomous and semi-autonomous tractors minimize the human effort required in farm processes such as harvesting, seed sowing, fertilization, and scarifying. Semi-autonomous tractors slower human effort by assisting the driver in certain actions, while autonomous tractors are full, driverless tractors, which completely replace the driver with numerous software and hardware components. Autonomous tractors are more precise and help in planting, sowing, harvesting, and performing other functions more precisely, which helps enhance yield with minimum loss. The high cost of autonomous and semi-autonomous tractors is expected to be a key factor that is likely to hamper the market; moreover, they are anticipated to be profitable in the long-term, as they are anticipated to repay their cost by saving on labor charges.
Global Autonomous and Semi autonomous Tractors Market
On the basis of power output, 101 HP & above segment will account for the largest share, followed by the 31-100 HP power output segment. The demand for medium-powered tractors is anticipated to grow at a higher rate as compared to high-powered autonomous tractors, owing to the benefits of four-wheeled tractors such as better soil quality maintenance & control, and cultivating capacities with high fuel economy.
Based on a component, the radar segment will be the largest market share. Radar sensors can determine the velocity, range, and angle of moving objects and can work in nearly all weather conditions. They are more cost-effective than LiDAR systems but most expensive compared to cameras.
In terms of region, Asia Pacific is anticipated to expand at a significant growth rate during the forecast period, as the market for semi-autonomous tractors is anticipated to expand at a rapid pace in countries such as China and India, owing to their lower cost as compared to the fully driverless tractors.
Some of the key players in the autonomous and semi-autonomous tractors market are AGCO Corporation, CNH Industrial N.V., Deere & Company, Escorts Limited, Komatsu America Corp., Mahindra & Mahindra Ltd., SAME DEUTZ-FAHR Italia S.p.A., Ag Leader Technology, Agjunction, Inc., Autonomous Solutions Inc., Raven Industries, Inc., Trimble, Inc., and YANMAR CO., LTD.
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The scope of the Global Autonomous and Semi-Autonomous Tractors Market
Global Autonomous and Semi-Autonomous Tractors Market by Technology
• Driverless Tractors
• Driver-assisted Tractors
Global Autonomous and Semi Autonomous Tractors Market by Driverless Power Output
• Below 30 HP
• 31 HP to 100 HP
• 101 HP and above
Global Autonomous and Semi Autonomous Tractors Market by Driver-assisted Power Output
• Below 30 HP
• 31 HP to 100 HP
• 101 HP and above
Global Autonomous and Semi Autonomous Tractors Market by Component
• GPS
• Radar
• LiDAR
• Camera/vision Systems
• Ultrasonic Sensors
• Handheld Devices
Global Autonomous and Semi Autonomous Tractors Market by Application
• Agriculture
• Harvesting
• Seed Sowing
• Irrigation
Global Autonomous and Semi-Autonomous Tractors Market by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global Autonomous and Semi Autonomous Tractors Market
• AGCO Corporation
• CNH Industrial N.V.
• Deere & Company
• Escorts Limited
• Komatsu America Corp.
• Mahindra & Mahindra Ltd.
• SAME DEUTZ-FAHR Italia S.p.A.
• Ag Leader Technology
• Agjunction, Inc.
• Autonomous Solutions Inc.
• Raven Industries, Inc.
• Trimble, Inc.
• YANMAR CO., LTD.
MAJOR TOC OF THE REPORT
Chapter One: Autonomous and Semi-Autonomous Tractors Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Autonomous and Semi-Autonomous Tractors Market Competition, by Players
Chapter Four: Global Autonomous and Semi-Autonomous Tractors Market Size by Regions
Chapter Five: North America Autonomous and Semi-Autonomous Tractors Revenue by Countries
Chapter Six: Europe Autonomous and Semi-Autonomous Tractors Revenue by Countries
Chapter Seven: Asia-Pacific Autonomous and Semi-Autonomous Tractors Revenue by Countries
Chapter Eight: South America Autonomous and Semi-Autonomous Tractors Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Autonomous and Semi-Autonomous Tractors by Countries
Chapter Ten: Global Autonomous and Semi-Autonomous Tractors Market Segment by Type
Chapter Eleven: Global Autonomous and Semi-Autonomous Tractors Market Segment by Application
Chapter Twelve: Global Autonomous and Semi-Autonomous Tractors Market Size Forecast (2019-2026)
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