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(Transportation-News.com, July 21, 2018 ) The report includes the study of Autonomous Tractors Market. The global autonomous tractors market size was $648.9 million in 2016, and is projected to reach $4,389.8 million in 2025, growing at a CAGR of 24.0%. Autonomous tractors which are also self-driving tractors use advanced technology to perform numerous farm duties and help farmers.
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Factors such as improved operational proficiency and enhanced productivity of crop yields, and increased support initiatives by governments to adopt newer technologies propel the demand for autonomous tractors globally. Moreover, these tractors help farmers by offering beneficial information related to soil conditions, crop yield, fuel consumption rate, and others, thus driving the market growth. However, high initial investment and maintenance costs required by these tractors are major challenges faced by the players operating in the industry. Growth in demand for innovative & advanced technological tractors offer promising opportunities for players in the autonomous tractors industry. Moreover, increase in use of drones in autonomous tractors provides lucrative business opportunity to the players.
The global autonomous tractors market is analyzed across four geographical regions, i.e., North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America is expected to dominate the market throughout the forecast period. LAMEA is projected to grow at the fastest rate, followed by Europe.
The key players profiled in this report are AGCO Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, CNH Industrial, Deere & Company, KINZE Manufacturing, Kubota Corporation, Mahindra & Mahindra, Trimble, and Yanmar.
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The global autonomous tractors market is segmented based on component, application, and region. Based on components, the market is categorized into sensor, GPS, vision system, and others. The GPS segment is projected to dominate the global market throughout the study period. Based on application, the market is categorized into tillage, harvesting, irrigation, seed sowing, spraying, and fertilizing. The tillage segment accounts for the maximum market share.
Related Report:
Global Autonomous Trains Technology Market Research Report 2018
Autonomous Trains Technology Report by Material, Application, and Geography – Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Autonomous Trains Technology basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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