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Autonomous Tractors Market By Crop Type (Fruits & Vegetables, Oilseeds & Pulses, and Cereals & Grains), by Power Output (Up to 30 HP, 31–100 HP, 101 HP and Above), Component (LiDAR, RADAR, GPS, Camera/Vision System, Ultrasonic Sensors, and Wearable Devices), Application (Primary and Secondary, and Planting and Harvesting), and Region, Market Share, In-Depth Analysis, Detailed Overview, and Forecast, 2022 to 2027.

Published: January, 2022
ID: 11106
Pages: 175

Autonomous Tractors Market Size & Growth 2022 - 2027:

Autonomous Tractors Market was at USD 0.45 billion in 2021 and is predicted to reach USD 4.38 billion, progressing at a CAGR of 23.04% throughout the outlook period (2022 - 2027).

Advances in autonomous and smart technologies in the automotive industry have made it possible to increase the precision of crop handling and harness the potential of precision agriculture. The introduction of these technologies is also expected to provide opportunities to take advantage of previous developments and improvements in cropping systems and agronomy. Although there is much interest in the development of new automation and robotics technologies, multinational machine manufacturers have already developed several incubated independent agricultural technologies with near-commercial potential. Australia offers significant opportunities for further development and commercialization of these technologies and is relatively ahead of North America and Europe in the practical application of precision agriculture technologies.

Impact of COVID-19 on Autonomous Tractors Market:

Coronavirus is disrupting certain activities in agriculture and supply chains. The transportation and logistics restrictions are creating disruption in the supply chain. The temporary closure production units also affected the revenue of the global autonomous tractors industry. Media reports show that closing hotels, restaurants, candy stores and tea rooms during the shutdown is already reducing milk sales. The economic impact will likely be much more severe for two reasons. First, before COVID-19, the economy was already slowing down, exacerbating existing problems of unemployment, low income, rural distress, malnutrition, and widespread inequality. Second, the large informal sector is particularly vulnerable.

Recent Developments:

  • In September 2018, Escorts Limited launched an automated tractor in India as part of the automated farming solutions. This driverless tractor targets precision farming that will help farmers save time and maximize yield.
  • In September 2017, Mahindra & Mahindra introduced its first driverless tractor in India. This innovation will help change the future of agriculture aimed at increasing productivity, leading to an increase in food production to meet the world's growing needs by offering many unique features, including Autopilot, a GPS-based technology, and automatic swing implementing the elevator, among others.

Drivers and Restraints of Autonomous Tractors Market:

The worldwide market for autonomous tractors is expected to register significant growth during the forecast period due to the rising trend of process automation. Additionally, increased government initiatives for the adoption of advanced technologies to improve productivity, efficiency and quality of crop yields are expected to drive growth in the global autonomous tractor market during the outlook period. The increasing rate of adoption of mechanization in the agricultural industry of developed countries is supposed to further stimulate the growth of the world market. Therefore, the decrease in the availability of labor combined with an increase in the cost of labor is one of the main drivers of the growth of the world market for autonomous tractors. Autonomous tractors can also be used as mobile access points for data collection from sensors placed throughout the field. This is very useful for applications used in precision agriculture and can provide the required information on the site. These factors are likely to boost the global market over the estimated period. However, the lack of technical knowledge among farmers, especially in underdeveloped and developing economies, together with the high initial investment cost, are the main factors that are expected to affect to some extent the growth of the world market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

23.04% 

Segments Covered

Power Output, Component, Crop Type, Farm Application

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Yanmar, AGCO Corporation, Trimble, Mahindra & Mahindra, Kubota Corporation, KINZE Manufacturing, Deere & Company, CNH Industrial, Autonomous Tractor Corporation, and Autonomous Solutions, Incorporated

Autonomous Tractors Market Segmentation:

The Autonomous Tractors market can be divided based on Power Output, Component, Crop Type, and Farm Application.

Based on power output, 101 HP and above will account for the largest share, followed by the 31-100 HP power segment, in 2019. Demand for medium power tractors is expected to increase at a higher rate compared to tractors Powerful autonomous, due to the advantages of four-wheel tractors, such as better maintenance and control of soil quality, and cultivation capabilities with high fuel savings. Due to these factors, most farmers prefer tractors in this range.

In terms of components, the market has been segmented into LiDAR, radar, GPS, camera/vision system, ultrasonic sensors, and wearable devices. The radar segment in the autonomous market is expected to be the largest by 2025. Radar sensors can determine the speed, range, and angle of moving objects and can operate in almost any weather condition. They are more cost-effective than LiDAR systems, but more expensive than cameras, making them a preferable option over other components that manufacturers consider can be incorporated into autonomous tractors.

Depending on the type of crop, the market is divided into grains and cereals (corn, wheat, rice, and others), oilseeds and legumes (soybeans, canola and others), and fruits and vegetables (orange trees, vineyards, and others). With the increase in the world population, the demand for fruits and vegetables is also increasing at a rapid rate. One trend shows that weeding and harvesting fruits and vegetables is highly dependent on manual labor, since fragile fruits and vegetables are delicate, and machines could damage the crops or trees that produce them. As a result, new technologies, such as autonomous tractors, are being developed for growing fruits and vegetables.

On the basis of applications, the global market has been segmented into primary and secondary, planting and harvesting. With the advancement of technology and the various research and development activities of agronomists, tillage activities have become more and more autonomous for large cultures and row cultures.

Regional Analysis:

The global Autonomous Tractors market has been categorized based on geography into North America, Asia Pacific, Middle East and Africa, Latin America and Europe. The North American market is expected to dominate the worldwide market for autonomous tractors, due to the high rate of adoption of advanced technologies. In addition, the lack of skilled agricultural labor and the ability of farmers in the region to spend on technology are the main reasons for the future growth of the autonomous tractor market in North America. In addition, the presence of the main tractor manufacturers in the area further stimulates the growth of regional markets. The Asia-Pacific region is estimated to register a considerable growth rate during the conjecture period, due to the augmenting need for food production to feed the growing population.

Leading Company:

AGCO Corporation had the largest share of the Autonomous Tractors Market in terms of sales and revenue in 2020.

Key Players:

Some of the prominent players in the Global Autonomous Tractors Market include Yanmar, AGCO Corporation, Trimble, Mahindra & Mahindra, Kubota Corporation, KINZE Manufacturing, Deere & Company, CNH Industrial, Autonomous Tractor Corporation, and Autonomous Solutions, Incorporated.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Autonomous Tractors Market, By Crop Type                

                                6.1.1 Fruits & Vegetables            

                                6.1.2 Oilseeds & Pulses 

                                6.1.3 Cereals & Grains   

                                6.1.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Autonomous Tractors Market, By Application                              

                                6.2.1 Primary and Secondary     

                                6.2.2 Planting and Harvesting    

                                6.2.3 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

                6.3 Autonomous Tractors Market, By Power Output                        

                                6.3.1 Up to 30 HP            

                                6.3.2 31–100 HP              

                                6.3.3 101 HP and Above

                                6.3.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.3.5 Y-o-Y Growth Rate Analysis              

                                6.3.6 Market Attractiveness Index           

                6.4 Autonomous Tractors Market, By Component                            

                                6.4.1 LiDAR        

                                6.4.2 RADAR      

                                6.4.3 GPS            

                                6.4.4 Camera/Vision System      

                                6.4.5 Ultrasonic Sensors

                                6.4.6 Wearable Devices

                                6.4.7 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.4.8 Y-o-Y Growth Rate Analysis              

                                6.4.9 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region 

                7.2 North America - Market Analysis (2021- 2027)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Crop Type         

                                7.2.3 By Application       

                                7.2.4 By Power Output 

                                7.2.5 By Component      

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Crop Type         

                                7.3.3 By Application       

                                7.3.4 By Power Output 

                                7.3.5 By Component      

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Crop Type         

                                7.4.3 By Application       

                                7.4.4 By Power Output 

                                7.4.5 By Component      

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Crop Type         

                                7.5.3 By Application       

                                7.5.4 By Power Output 

                                7.5.5 By Component      

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Crop Type         

                                7.6.3 By Application       

                                7.6.4 By Power Output 

                                7.6.5 By Component      

8. Key Player Analysis                                    

                8.1 AGCO Corporation                  

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Yanmar                        

                8.3 Trimble                        

                8.4 Mahindra & Mahindra                           

                8.5 Kubota Corporation                

                8.6 KINZE Manufacturing                             

                8.7 Deere & Company                   

                8.8 CNH Industrial                           

                8.9 Autonomous Tractor Corporation                     

9. Market Outlook & Investment Opportunities                                 

10. Appendix                                    

                List of Tables                     

                List of Figures                   

  1. Global Autonomous Tractors Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Autonomous Tractors Market By Crop Type, From 2022 - 2027 ( USD Billion )
  3. Global Fruits & Vegetables Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Oilseeds & Pulses Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Cereals & Grains Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Autonomous Tractors Market By Application, From 2022 - 2027 ( USD Billion )
  7. Global Primary and Secondary Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Planting and Harvesting Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Autonomous Tractors Market By Power Output, From 2022 - 2027 ( USD Billion )
  10. Global Up to 30 HP Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global 31–100 HP Market By Region, From 2022 - 2027 ( USD Billion )
  12. Global 101 HP and Above Market By Region, From 2022 - 2027 ( USD Billion )
  13. Global Autonomous Tractors Market By Component, From 2022 - 2027 ( USD Billion )
  14. Global LiDAR Market By Region, From 2022 - 2027 ( USD Billion )
  15. Global RADAR Market By Region, From 2022 - 2027 ( USD Billion )
  16. Global GPS Market By Region, From 2022 - 2027 ( USD Billion )
  17. Global Camera/Vision System Market By Region, From 2022 - 2027 ( USD Billion )
  18. Global Ultrasonic Sensors Market By Region, From 2022 - 2027 ( USD Billion )
  19. Global Wearable Devices Market By Region, From 2022 - 2027 ( USD Billion )

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