Autonomous And Semi-autonomous Tractors Market - Forecast(2023 - 2028)

Report Code: AM 22216 Report Format: PDF + Excel

Autonomous and Semi-autonomous Tractors Market Overview

Autonomous and Semi-autonomous Tractors market is estimated to witness $4.5 billion by 2026 with a CAGR of 26.2% during the forecast period 2021-2026. Autonomous and semi-autonomous tractors include crop yield monitoring systems that monitor the crop and field and assist the owner in managing the field based on soil properties. Semi-autonomous tractors reduce human effort by assisting the driver in certain actions, whereas autonomous tractors are completely driverless tractors that replace the driver with a variety of software and hardware components. Moreover, the rising population in developing countries such as China, India and others are increasing the demand for agricultural products thereby raising the demand for driverless farming machine to harvest the agriculture produce, irrigate and perform many other functions by using GPS systems. In 2021, CNH Industrial has announced an investment in Monarch Tractor, a U.S.-based agriculture technology company, with the goal of developing an electric tractor platform that combines a fully electric powertrain with autonomous technologies to aid in the advancement of farming operations. This kind of development set to propel the market growth. Driverless farming machines are estimated to witness substantial growth with a CAGR of 27.10% over the forecasted period 2021-2026 owing to its advanced technologies such as machine vision systems, GPS, auto-steering and others.

Report Coverage

The report: “Autonomous and Semi-autonomous Tractors market Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Autonomous and Semi-autonomous Tractors market.

By Type– Semi autonomous tractors, autonomous tractors.
By Application- Seed sowing, harvesting, irrigation, Tillage and others.
By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina, Colombia and others), Europe (Germany, UK, France, Spain, Italy and Others), APAC(China, Japan, South Korea, India, Australia and Others), and RoW (Middle East and Africa)

Key Takeaways

  • Increased demand for power steering in passenger vehicles as well as in commercial vehicle is driving the Automotive Electric Oil Pump industry demand
  • Driverless farming machine are estimated to witness substantial growth with a CAGR of 27.10% over the forecasted period 20201-2026 owing to its advanced technologies such as machine vision systems, GPS and others
  • Asia-Pacific regions are witnessing the fastest-growing rate in the markets Autonomous and Semi-autonomous Tractors owing to high demand of agricultural produced.

Autonomous and Semi-autonomous Tractors market Value Share, By Type, 2020 (%)

 

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Autonomous and Semi-autonomous Tractors market Segment Analysis- By Type

The driverless farming machine are estimated to witness substantial growth with a CAGR of 27.10% over the forecasted period 20201-2026 owing to its advanced technologies such as machine vision systems, GPS to perform agriculture tasks such as tillage and others. Moreover, it determines the speed and avoids obstacles such as animals, people, or objects in the field, and as a result of these factors, the demand for Autonomous and Semi-autonomous Tractors is surging in the market. Due to rising urbanisation there has been a decrease in agricultural labour in the field and thus due to such factor, farmers are increasingly adopting agricultural mechanization (i.e., Tractors) as a substitute for manual labour with more cost-effective, easily available, and more efficient means of agricultural operation. As tractors are the primary source of power for driving agricultural machinery and hence autonomous and semi-autonomous tractors are estimated to propel in the market.

Autonomous and Semi-autonomous Tractors market Segment Analysis - By Application

Harvesting segment is estimated to witness substantial growth with a CAGR of 27.1% over the forecasted period owing to rise in demand to cover more acres of land in less time which was not possible without these customised tractors which enable the user to attain faster and more cost efficient harvesting. Kubota, Escorts, CNH Industrial, John Deere are the major market players providing advanced autonomous tractors and boosting the demand. For instance John Deere in 2021 has introduced its new 9R Series tractor range and offers a full activation package for maximum automation which includes Turn Automation, Section Control, Variable Rate Control, Passive Implement Guidance, In-Field Data Sharing, Machine Sync and also new Auto Path row guidance. Autonomous and Semi-autonomous Tractors increase the productivity in the field through effective harvesting process, and also improve safety, and reduce costs for many agricultural operations, due to such factors there has been an increase in adoption of these tractors for harvesting.

Autonomous and Semi-autonomous Tractors market Segment Analysis – By Geography

North America held largest share 32.1% in 2020 owing to its high rate of adoption of advanced technology and the presence of large tractor manufacturers that are investing in the development of autonomous tractors. Availability of large fields, limited labour availability, and massive grasslands in North America regions and high per capita income are major factors driving the autonomous and semi-autonomous tractors market. The companies such as Kubota, John Deere, Escorts located in these regions are increasingly launching new autonomous tractors, dominating the market with faster innovations and product launches. In 2021 John Deere has acquired U.S. autonomous tractor start up Bear Flag Robotics for $250m to make its agricultural equipment autonomous. Asia-Pacific regions are witnessing the fastest-growing rate in the markets Autonomous and Semi-autonomous Tractors owing to high demand of agricultural produced. Asia Pacific, is expected to expand its adoption for semi-autonomous tractors at a rapid pace in countries such as China and India, owing to their lower cost as compared to the fully driverless tractors.

Autonomous and Semi-autonomous Tractors market Drivers

Rising technological advancement

The increased technological advancement in self-driving technology for vehicles with object detection capabilities using radar, multi-camera systems, and LiDAR technology, among other things, is projected to increase the adoption of automated tractors. Farmers are adopting technologies such as autonomous tractors that can be productive in light of the current challenge, as technologically assisted agriculture requires skilled labourers who are in short supply. This scenario is one of the primary factors driving the market forward. Moreover, automation in tractor has become a strong trend, hastening the expansion of precision farming operations. Farmers now have access to cutting-edge technologies in autonomous as well as semi-autonomous tractors as GPS, sensors, laser diodes, and other for automating their work, which is propelling the market for autonomous and semi-autonomous tractors. In 2021 John Deere has redesigned its most popular 2430C Nutrient Applicator to provide greater precision and control of nutrient placement at high operating speeds. This new 2430C Nutrient Applicator is a rugged, highly productive tool for service providers and farmers to accurately apply anhydrous ammonia across more acres more quickly while minimizing outgassing, thus these advancements is estimated to propel the market demand.

High Productivity and accuracy

Autonomous tractors make use of cutting-edge technology, such as overlapping and redundant sensor arrays. These can aid in the detection of any irregularities in the field during operation and are critical to overall farm productivity. Lidar enables the user to determine ranges by targeting an object with a laser and measuring the time for the reflected light to return to the receiver through this the user can attain to it productivity by targeting the area. Moreover, Labour shortages, safety issues, and climate change are one of the major obstacles for obtaining productivity thus farmers are increasing the adoption of driverless tractors to future-proof the agricultural business. Thus, such factors are driving the Autonomous and Semi-autonomous Tractors industry.

Autonomous and Semi-autonomous Tractors market Challenges

High cost and lack of awareness

Lack of knowledge and technology integration in the developing countries is likely to hinder the development of the Autonomous and Semi-autonomous Tractors market. As the end users of these automated tractors are mostly farmers and sometimes, they find it difficult to keep up with the latest trends and technologies that directly affect the adoption of such advanced tractors. Moreover, high cost of investments in such advanced autonomous tractors is also hindering the Autonomous and Semi-autonomous Tractors market size.

Autonomous and Semi-autonomous Tractors Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Solar Cell Fabric market. Automotive Electric Oil Pump industry top 10 companies Mahindra and Mahindra, Kubota, Dutch Power Company, John Deere, Escorts, CNH Industrial, Komatsu, Raven Industries, Sonalika International, Massey Ferguson.

Acquisitions/Technology Launches

  • In 2020, Kubota announced a collaboration with the US chipmaker Nvidia to develop highly sophisticated self-driving farm tractors capable of making complete autonomous tractors. The collaboration aims to boost the autonomous tractor in the market
  • In 2019, Massey Ferguson introduced its stunning new concept tractor, the MF NEXT. It is a concept that embodies Massey Ferguson's DNA and vision of making tractor technology accessible, easy-to-use, and affordable. 

Relevant Report Titles: 

Semi-autonomous & Autonomous Truck Market – Forecast (2021 - 2026)

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Global Semi-Autonomous Vehicles Market – Forecast (2021 - 2026)

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1. Autonomous and Semi-autonomous Tractors market Overview
    1.1 Definitions and Scope
2. Autonomous and Semi-autonomous Tractors market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Type
    2.3 Key trends segmented by Geography
3. Autonomous and Semi-autonomous Tractors market– Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Autonomous and Semi-autonomous Tractors market– Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Autonomous and Semi-autonomous Tractors market– Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Autonomous and Semi-autonomous Tractors market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Autonomous and Semi-autonomous Tractors market– By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Autonomous and Semi-autonomous Tractors market– By Type (Market Size -$Million/Billion)
    8.1 Semi-autonomous tractors
    8.2 Autonomous tractors.
9. Autonomous and Semi-autonomous Tractors market– By Application (Market Size -$Million/Billion)
    9.1 Seed sowing
    9.2 Harvesting
    9.3 Irrigation Tillage
    9.4 Others
10. Autonomous and Semi-autonomous Tractors market- By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Others
    10.3 Europe
        10.3.1 Germany
        10.3.2 France
        10.3.3 UK
        10.3.4 Italy
        10.3.5 Spain
        10.3.6 Others
    10.4 APAC
        10.4.1 China
        10.4.2 Japan
        10.4.3 South Korea
        10.4.4 India
        10.4.5 Australia
        10.4.6 Others
    10.5 RoW
        10.5.1 Middle East
        10.5.2 Africa
11. Autonomous and Semi-autonomous Tractors market- Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs and partnerships
12. Autonomous and Semi-autonomous Tractors market– Industry Competition Landscape (Premium)
    12.1 Market Share Global
    12.2 Market Share by Region
    12.3 Market Share by System Application
13. Autonomous and Semi-autonomous Tractors market– Key Company List by Country Premium (Premium)
14. Autonomous and Semi-autonomous Tractors market- Company Analysis
    14.1 Mahindra and Mahindra
    14.2 Kubota
    14.3 Dutch Power Company
    14.4 John Deere
    14.5 Escorts
    14.6 CNH Industrial
    14.7 Komatsu
    14.8 Raven Industries
    14.9 Sonalika International
    14.10 Massey Ferguson.

LIST OF TABLES

LIST OF FIGURES

1.US Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
2.Canada Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
3.Mexico Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
4.Brazil Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
5.Argentina Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
6.Peru Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
7.Colombia Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
8.Chile Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
9.Rest of South America Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
10.UK Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
11.Germany Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
12.France Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
13.Italy Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
14.Spain Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
15.Rest of Europe Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
16.China Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
17.India Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
18.Japan Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
19.South Korea Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
20.South Africa Autonomous And Semi-autonomous Tractors Market Revenue, 2019-2024 ($M)
21.North America Autonomous And Semi-autonomous Tractors By Application
22.South America Autonomous And Semi-autonomous Tractors By Application
23.Europe Autonomous And Semi-autonomous Tractors By Application
24.APAC Autonomous And Semi-autonomous Tractors By Application
25.MENA Autonomous And Semi-autonomous Tractors By Application
26.Ag Leader Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.AGCO Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Agjunction, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Autonomous Solutions Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.CLAAS KGaA mbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.CNH Industrial N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Deere Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Escorts Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Raven Industries, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.KUBOTA Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Dutch Power Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Trimble, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Mahindra Mahindra Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.YANMAR CO., LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.SAME DEUTZ-FAHR Italia S.p.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)