Report Feature
The future of the global autonomous tractor market looks promising with opportunities in tillage, seed sowing, and harvesting segments. The global autonomous tractor market is expected to grow with a CAGR of 23%-25% from 2021 to 2026. The major drivers for this market are increased efficiency and better return on investment.
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The study includes a forecast for the global autonomous tractors market by power output, component, farm application, and region, as follows:
By Power Output [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
- Up to 30 HP
- 31-100 HP
- 101 HP & above
By Component [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
- LiDAR
- Radar
- GPS
- Camera/vision systems
- Ultrasonic sensors
- Hand-held devices
By Farm Application [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
- Tillage (primary & secondary tillage)
- Seed sowing
- Harvesting
- Others (spraying and fertilizing)
By Region [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- APAC
- China
- India
- Japan
- ROW
- Middle East
- Brazil
Some of the autonomous tractors companies profiled in this report include AGCO, CNH, Mahindra & Mahindra, Deere, Kubota Corporation, Yanmar, and Autonomous Tractor Corporation.
Lucintel forecasts that 101 HP & above power output will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because of increasing four-wheeled tractors.
Within the global autonomous tractor market, the radar segment is expected to witness the highest growth over the forecast period due to cost effectiveness.
North America is expected to remain the largest market and witness the highest growth rate over the forecast period due to higher income of farmers, lack of trained farm labors, and well-developed technology.
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Features of the Global Autonomous Tractors Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising growth opportunities for the global autonomous tractors market by power output (Up to 30 HP, 31-100 HP, and 101 HP & above), component type (LiDAR, radar, GPS, camera/vision systems, ultrasonic sensors, hand-held devices), farm application (tillage (primary & secondary tillage), seed sowing, harvesting, others (spraying and fertilizing)), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which region will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market? Q.5 What are the business risks and competitive threats in this market? Q.6 What are the emerging trends in this market and the reasons behind them? Q.7 What are some of the changing demands of customers in the market? Q.8 What are the new developments in the market and which companies are leading these developments? Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth? Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution? Q.11 What M & A activity has occurred in the last 5 years? |
| Key Features | Description |
| Base Year for Estimation | 2020 |
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Trend Period (Actual Estimates) |
2015-2020 |
| Forecast Period | 2021-2026 |
| Pages | More Than 150 |
| Market Representation / Units | Revenue in US $ Million |
| Regional Scope | North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil) |
| Report Coverage | Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
| Market Segments | Power Output (Up to 30 HP, 31-100 HP, and 101 HP & above), Component Type (LiDAR, Radar, GPS, Camera/Vision Systems, Ultrasonic Sensors, Hand-Held Devices), Farm Application (Tillage (Primary & Secondary Tillage), Seed Sowing, Harvesting, Others (Spraying and Fertilizing)) |
| Customization | 10% Customization without Any Additional Cost |
Table of Contents
1. Executive Summary
7.2 Emerging Trends in the Global Autonomous Tractors Market
4.1 Global Autonomous Tractors Market by Region
4.2.1 Market by Power Output (Up to 30 HP, 31-100 HP, and 101 HP & above)
4.2.2 Market by Component Type (LiDAR, Radar, GPS, Camera/Vision Systems, Ultrasonic Sensors, Hand-Held Devices)
4.2.3 Market by Farm Application (Tillage (Primary & Secondary Tillage), Seed Sowing, Harvesting, Others (Spraying and Fertilizing))
4.2.4 The US Autonomous Tractors Market
4.2.5 Canadian Autonomous Tractors Market
4.2.6 Mexican Autonomous Tractors Market
4.3.1 Market by Power Output (Up to 30 HP, 31-100 HP, and 101 HP & above)
4.3.2 Market by Component Type (LiDAR, Radar, GPS, Camera/Vision Systems, Ultrasonic Sensors, Hand-Held Devices)
4.3.3 Market by Farm Application (Tillage (Primary & Secondary Tillage), Seed Sowing, Harvesting, Others (Spraying and Fertilizing))
4.3.4 Market by Pressure Rating: Low Pressure Pipes, Medium Pressure Pipes, and High Pressure Pipes
4.3.5 Autonomous Tractors Market of the United Kingdom
4.3.6 German Autonomous Tractors Market
4.4.1 Market by Power Output (Up to 30 HP, 31-100 HP, and 101 HP & above)
4.4.2 Market by Component Type (LiDAR, Radar, GPS, Camera/Vision Systems, Ultrasonic Sensors, Hand-Held Devices)
4.4.3 Market by Farm Application (Tillage (Primary & Secondary Tillage), Seed Sowing, Harvesting, Others (Spraying and Fertilizing))
4.4.4 Chinese Autonomous Tractors Market
4.4.5 Japanese Autonomous Tractors Market
4.4.6 Indian Autonomous Tractors Market
4.5.1 Market by Power Output (Up to 30 HP, 31-100 HP, and 101 HP & above)
4.5.2 Market by Component Type (LiDAR, Radar, GPS, Camera/Vision Systems, Ultrasonic Sensors, Hand-Held Devices)4.5.3 Market by Diameter: Small Diameter Pipes and Large Diameter Pipes
4.5.4 Market by Farm Application (Tillage (Primary & Secondary Tillage), Seed Sowing, Harvesting, Others (Spraying and Fertilizing))
4.5.5 Middle Eastern Autonomous Tractors Market
4.5.6 Brazilian Autonomous Tractors Market
7.1.1 Growth Opportunities for the Global Autonomous Tractors Market by Power Output
7.1.2 Growth Opportunities for the Global Autonomous Tractors Market by Component Type
7.1.3 Growth Opportunities for the Global Autonomous Tractors Market by Farm Application
7.1.4 Growth Opportunities for the Global Autonomous Tractors Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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