Advancements in autonomous and intelligent technologies in the automotive sector have provided opportunities to increase the precision of crop management and realize additional potential from precision agriculture. This means that the right management strategy can be implemented in the right place, at the right time. The introduction of these technologies is also expected to provide opportunities to lever and enhance past developments and improvements in cropping systems and agronomy. While there is much interest in the development of new automation and robotic technologies, multi-national machinery manufacturers have already developed several incubated autonomous, agricultural technologies with near commercial potential. Australia provides a significant opportunity in the refinement and commercial release of these technologies and is relatively ahead, in comparison to North America and Europe, in the practical application of precision agriculture technologies.

Rise in income from farming, increase in labor costs coupled with advancements in self-driving technology for vehicles including object detection capabilities using multi-camera systems, radar, and LIDAR technology are expected to positively influence the adoption of automated tractors globally. Moreover, decline in prices of sensors and technology further boost the demand for autonomous tractors among farmers, globally. However, a lack of awareness and technology integration are likely to hamper the market. Introduction of drones in agriculture serve as a new opportunity for the market.

The global autonomous tractor market can be segmented based on power output, crop type, application, component, and region. In terms of power output, the autonomous tractor market can be split into up to 30 HP, 31-100 HP, and 101 HP & above. The 101 HP & above segment is projected to hold a prominent share, followed by the 31-100 HP power output segment, by the end of the forecast period. Demand for medium-powered tractors in the i.e. 31-100 HP power output segment is expected to rise at a higher rate as compared to high-powered autonomous tractors, owing to the benefits of four-wheeled tractors such as better soil quality maintenance & control and cultivating capacities with high fuel economy. These tractors are versatile and can be utilized for multiple applications on and off the field. Consequently, most farmers prefer tractors in this range. In terms of crop type, the autonomous tractor market can be divided into fruits & vegetables and four other segments. The fruits & vegetable segment is projected to expand in the near future due to rising health concerns among people. Based on application, the autonomous tractor market can be split into harvesting and three other segments. Based on component, the autonomous tractor market can be classified into sensor and two other segments. The sensor segment is anticipated to hold a prominent share of the market by the end of the forecast period. Sensors can determine the velocity, range, and angle of moving objects and can work in almost all weather conditions. They are more cost-effective than the other components.

Based on geography, the global autonomous tractor market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America dominated the global autonomous tractor market, due to the high rate of adoption of advanced technology and the presence of large-scale tractor manufacturers, who are investing in the development of autonomous tractors, in the region. Higher disposable incomes of farmers, a lack of trained farm labor, and well-developed technology are primary factors that are expected to boost the autonomous tractors market in North America in the near future.

Key players operating in the global autonomous tractor market include AGCO, CNH, Mahindra & Mahindra, Deere, Kubota Corporation, Yanmar, and Autonomous Tractor Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Autonomous Tractor Market

Pre Book