Global Autonomous And Semiautonomous Tractors Overview
Autonomous and Semi-autonomous Tractors Market was valued at US$ 2.4 Billion in 2024 and is projected to grow at a CAGR of 26.60% to reach US$ 20.6 Billion by 2034.
Autonomous tractors vehicles is used in agriculture that are driven automatically with intelligent systems, which guide them to the right task. Autonomous vehicles are also used in large fields because there are no buildings to navigate. They are also used to help farmers produce better crops. Semi-autonomous tractors reduce human effort by assisting the driver in certain operations, while autonomous tractors are completely driverless tractors that replace the driver with different type of software and hardware components. Autonomous and semi-autonomous tractors include crop yield monitoring systems that monitor the crop and field and help the owner manage the field based on soil properties. Autonomous and semi-autonomous tractors are an important innovation for the agricultural sector. This innovation is expected to boost agricultural production with minimum labor cost involvement. Autonomous and semi-autonomous tractors reduce the human effort required in farming processes such as harvesting, seed sowing, fertilization and scarifying. Farmers are adopting agricultural mechanization as an alternative to manual labor and providing more economical, readily available and more efficient tools for agricultural work. Tractors are the primary source of energy for driving agricultural machinery, this appears to contribute to long-term market growth.
Global Autonomous And Semiautonomous Tractors Drivers & Restraints
Increasing awareness in farmers and Adopting agricultural mechanization
Increasing urbanization has reduced the amount of agricultural labor in the fields and as such, farmers are increasingly adopting agricultural mechanization as an alternative to manual labor with more economical, readily available and more efficient tools. Agricultural operation. Tractors are the primary source of energy for driving agricultural machinery and hence autonomous and semi-autonomous tractors are predicted to enter the market. Some farmers pose problems in understanding the process of using autonomous tractors, agricultural data handling and its use in decision making, which is predicted to hinder the growth of the global autonomous tractors market. The market is mainly driven by raising awareness among farmers about the importance of increasing crop production and increased investment in the agribusiness globally. However, high initial investment requirement is a major restraint in the growth of the market. In September 2022, Australian farmers invest in robots, autonomous vehicles to combat worker shortage. Robots are used in farm more than 405,000 hectares of Australian farmland commercially, Growers there are investing in autonomous vehicles that can be programmed to cut and spray herbicides more efficiently.
Technological advancement
Autonomous tractors are equipped with other technologies such as GPS systems, sensors and vision systems, which enable them to operate without constant human intervention. The main objective of autonomous tractor development is to increase efficiency and reduce human intervention. Autonomous tractors enable farmers to manage large fields with minimal labor and high precision. The integration of various advanced technologies makes the tractor more precise, thereby reducing wastage. In September 2022, Democratizing precision agriculture with GNSS and other tech, Autonomous and guided tractors use technology to drive vehicles along precise paths to increase pass-to-pass efficiency and reduce overlapping rows. Crop surveillance drones use GNSS technology to patrol predetermined flight paths, and fully autonomous guided vehicles such as robotic lawnmowers use it to avoid restricted no-go zones.
Global Autonomous And Semiautonomous Tractors Segmentations & Regional Insights
The Autonomous and Semi-autonomous Tractors Market is segmented based on type, application, and region.
On the basis of type, the Autonomous and Semi-autonomous Tractors Market is segmented into Driverless Tractors and Driver-Assisted Tractors. On the basis of application, the target market is classified into Harvesting, Seed Sowing, and Irrigation. Autonomous tractors are more precise and help in carrying out planting, sowing, harvesting and other tasks more precisely, which helps in increasing yield with minimum losses. Autonomous tractors are predicted to grow in the harvesting segment due to the increase in demand to cover more acres of land in less time which was not possible without these customized tractors that enable the user to harvest faster and more cost-effectively. Autonomous and semi-autonomous tractors increase farm productivity through efficient harvesting processes, as well as improve safety and reduce costs for many agricultural operations, leading to increased adoption of these tractors for harvesting.
Regional Insights:
On region the Autonomous and Semi-autonomous Tractors Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America accounted for the largest share of the market in 2021, and is also witnessing rapid growth in terms of market growth during the forecast period (2022-2027). These are the primary reasons for the future expansion of the North American autonomous tractor market. Since North America is a developed region, farm sizes are usually large and customer loyalty is high. Demand for high-powered tractors continues to grow in the US. The US is the largest market for autonomous tractors in the North American region.
Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
Market Segmentation |
By Type - Driverless Tractors and Driver-Assisted Tractors By Application - Harvesting, Seed Sowing, and Irrigation |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Autonomous and Semi-autonomous Tractors Market report based on type, application, and region:
Autonomous and Semi-autonomous Tractors Market, By Type:
- Driverless Tractors
- Driver-Assisted Tractors
Autonomous and Semi-autonomous Tractors Market, By Application:
- Harvesting
- Seed Sowing
- Irrigation
Autonomous and Semi-autonomous Tractors Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South AfricaRest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Autonomous And Semiautonomous Tractors Competitive Landscape & Key Players
The key players operating the Autonomous and Semi-autonomous Tractors Market includes John Deere, AGCO Corporation, Ag Leader Technology, Agjunction, Inc., Autonomous Solutions Inc., CNH Industrial N.V., Escorts Limited, KUBOTA Corporation, Mahindra & Mahindra Ltd., Raven Industries, Inc., Dutch Power Company, Trimble, Inc., SAME DEUTZ-FAHR Italia S.p.A., and YANMAR CO., LTD.
For instance, In September 2022, AGCO's Hansotia Talks Energy, Strategy for Automation, Work to Train New Technicians. Hansotia discusses AGCO's plans to develop alternative energy systems to power its equipment and a large, dealer-led investment in training technicians to service its growing stable of farm machinery. Hansotia discusses AGCO's automation and autonomy strategy. He said the manufacturer is working through a list of about 150 items it wants to automate as it moves to automated machines.
Global Autonomous And Semiautonomous Tractors Recent News
In February 2023, Kubota Corporation introduced LX20 series which offers you the versatility to accomplish more with its functionality, convenience, and productivity. The first two models to be launched in the LX20 series is the LX3520 and LX4020.
In June 2022, the Mahindra farm equipment division unveiled six new tractor models. They are a part of the Yuvo Tech+ tractor platform, which was formed the previous year. These tractors are powered by ELS 4-cylinder and m-ZIP 3-cylinder engines. With this launch, Mahindra has improved its tractor availability list and is able to improve their serve for the demands of Indian farmers.
Global Autonomous And Semiautonomous Tractors Company Profile
- John Deere
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AGCO Corporation
- Ag Leader Technology
- Agjunction, Inc.
- Autonomous Solutions Inc.
- CNH Industrial N.V.
- Escorts Limited
- KUBOTA Corporation
- Mahindra & Mahindra Ltd.
- Raven Industries, Inc.
- Dutch Power Company
- Trimble, Inc.
- SAME DEUTZ-FAHR Italia S.p.A.
- YANMAR CO., LTD
“*” marked represents similar segmentation in other categories in the respective section
Global Autonomous And Semiautonomous Tractors Highlights
FAQs
The Autonomous and Semi-autonomous Tractors Market is segmented based on type, application, and region.
Autonomous and semi- autonomous market is increase because increasing awareness in farmers and adopting agricultural mechanization.
North America accounted for the largest share of the market in 2021, and is also witnessing rapid growth in terms of market growth during the forecast period (2022-2027). These are the primary reasons for the future expansion of the North American autonomous tractor market. Since North America is a developed region, farm sizes are usually large and customer loyalty is high. Demand for high-powered tractors continues to grow in the US. The US is the largest market for autonomous tractors in the North American region.
Key players operating the Autonomous and Semi-autonomous Tractors Market includes John Deere, AGCO Corporation, Ag Leader Technology, Agjunction, Inc., Autonomous Solutions Inc., CNH Industrial N.V., Escorts Limited, KUBOTA Corporation, Mahindra & Mahindra Ltd., Raven Industries, Inc., Dutch Power Company, Trimble, Inc., SAME DEUTZ-FAHR Italia S.p.A., and YANMAR CO., LTD.