Autonomous Tractor Market, By Component, By Application, By Power Output, By Geography

Description

The autonomous tractor market is estimated to be valued at US$ 2.17 billion in 2024 and is expected to reach US$ 9.91 billion by 2031, growing at a compound annual growth rate (CAGR) of 24.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 2.17 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	24.20%	2031 Value Projection:	US$ 9.91 Bn

Figure. Autonomous Tractor Market Share (%), By Region, 2024

With advancements in technology, farm equipment manufacturers are increasing focus on developing autonomous and driverless tractors that can perform agricultural tasks without human intervention. The autonomous tractors are equipped with technologies such as GPS, ultrasonic sensors, radars, and cameras for navigation and obstacle detection. They offer advantages such as increased operational efficiency, reduced labor costs, and improved safety. The growing demand for food and changing demographics is propelling the need for farm automation and autonomous equipment. This is expected to further fuel the adoption of autonomous tractors in the coming years.

Market Dynamics:

The autonomous tractor market is driven by the growing focus on farm automation and labor shortage in the agricultural sector. Farmers around the world are facing issues with the availability of labor for farming activities. This has increased the need for autonomous equipment that can perform tasks independently. Autonomous tractors integrated with latest technologies help overcome labor challenges and allow efficient farm management. Moreover, changing demographics in rural areas is another factor pushing the adoption of smart farming solutions. However, high initial costs of these autonomous tractors and technology challenges related to navigation and data connectivity in remote areas could hinder the market growth. Ongoing technological advancements in precision farming, IoT, and AI provide opportunities for the increased development of smart farming solutions including autonomous tractors.

Key Features of the Study:

This report provides an in-depth analysis of the global autonomous tractor market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global autonomous tractor market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include AGCO Corporation, Argo Tractors, Autonomous Tractors Corporation, CLAAS KGaA mBH, CNH Industrial N.V., Daedong, Deere & Company, Iseki & CO. Ltd, J C Bamford Excavators Ltd., Kubota Corporation, Mahindra & Mahindra Ltd., SDF Group, Sonalika, Tractors and Farm Equipment, TYM Corporation, and Yanmar Holdings Co. Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global autonomous tractor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global autonomous tractor market.

Detailed Segmentation-

By Component
- Sensors
- GPS
- Vision Systems
- Others
By Application
- Tillage
- Harvesting
- Seed Sowing
- Others
By Power Output
- Less than 30 HP
- 30-50 HP
- 51-100 HP
- More than 100 HP
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- AGCO Corporation
- Argo Tractors
- Autonomous Tractors Corporation
- CLAAS KGaA mBH
- CNH Industrial N.V.
- Daedong
- Deere & Company
- Iseki & CO. Ltd
- J C Bamford Excavators Ltd.
- Kubota Corporation
- Mahindra & Mahindra Ltd.
- SDF Group
- Sonalika
- Tractors and Farm Equipment
- TYM Corporation
- Yanmar Holdings Co. Ltd.

Product Code: CMI5226

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Component
- Market Snippet, By Application
- Market Snippet, By Power Output
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of COVID-19 Pandemic

4. Global Autonomous Tractor Market, By Component, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Sensors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
GPS
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Vision Systems
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Autonomous Tractor Market, By Application, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Tillage
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Harvesting
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Seed Sowing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Autonomous Tractor Market, By Power Output, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Less than 30 HP
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
30-50 HP
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
51-100 HP
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
More than 100 HP
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

7. Global Autonomous Tractor Market, By Region, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
North America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Power Output, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.S.
  - Canada
  - Europe
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Power Output, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
  - Asia Pacific
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Power Output, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Latin America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Power Output, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Middle East and Africa
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Power Output, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - South Africa
  - GCC Countries
  - Rest of the Middle East and Africa

8. Competitive Landscape

Company Profiles
- AGCO Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Argo Tractors
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Autonomous Tractors Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- CLAAS KGaA mBH
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- CNH Industrial N.V.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Daedong
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Deere & Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Iseki & CO. Ltd
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- J C Bamford Excavators Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Kubota Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Mahindra & Mahindra Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SDF Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Sonalika
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Tractors and Farm Equipment
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- TYM Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Yanmar Holdings Co. Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Wheel of Fortune

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About us and Sales Contact