Global Autonomous Tractors Market to Reach US$ 13.4 Billion by 2032, Propelled by the Integration of Advanced Technology

February 28, 2023 | Agriculture

The latest report by IMARC, titled “Autonomous Tractors Market Report by Component (LiDAR, Radar, GPS, Camera/Vision Systems, Ultrasonic Sensors, Hand-held Devices), Power Output (Less than 30 HP, 30-50 HP, 51-100 HP, More than 100HP), Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses), Application (Tillage, Seed Sowing, Harvesting, and Others), and Region 2024-2032”, finds that the global autonomous tractors market size reached US$ 2.8 Billion in 2023. Autonomous tractors refer to self-driving equipment employed in farms that automatically operate with an intelligent system. It uses various components, such as laser diodes, sensors, GPS, and other devices, to perform agricultural tasks efficiently. Autonomous tractors are either fully automated or semi-automated, that help farmers to focus on core activities, such as seed selection, real-time soil analysis, planting, and field mapping, using data science, computer vision, and deep learning. In recent years, autonomous tractors have gained popularity with the exponentially growing agriculture sector globally.

Global Autonomous Tractors Market Trends:

One of the primary factors driving the market is the declining availability of cultivable land that is pressurizing farmers to enhance the efficiency of agricultural procedures. Autonomous tractors offer optimum labor productivity allowing farmers to manage several farming operations simultaneously. Other than this, autonomous tractors possess an auto-steering feature which is positively influencing the market growth. Besides this, the demand for autonomous tractors is escalating to achieve improved crop yield. Furthermore, governments of numerous nations are extensively investing in the agricultural industry by integrating advanced technologies, such as artificial intelligence (AI) into autonomous tractors, thus creating lucrative growth opportunities for the key players operating in the industry. Looking forward, IMARC Group expects the market value to reach US$ 13.4 Billion by 2032, expanding at a CAGR of 18.5% during the forecast period (2024-2032).

Market Summary:

On the basis of the component, the market has been divided into LiDAR, radar, GPS, camera/vision systems, ultrasonic sensors and hand-held devices.
Based on the power output, the market has been segregated into less than 30 HP, 30-50 HP, 51-100 HP, more than 100 HP.
On the basis of the crop type, the market has been categorized into fruits and vegetables, cereals and grains, and oilseeds and pulses.
Based on the application, the market has been divided into tillage, seed sowing, harvesting, and others.
Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some of the key players being AutoNext Automation Pvt. Ltd., Autonomous Solutions Inc., Deere & Company, Kubota Corporation, Raven Industries Inc., Trimble Inc., Yanmar Holdong Co.Ltd., and Zimeno Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Component, Power Output, Crop Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	AutoNext Automation Pvt. Ltd., Autonomous Solutions Inc., Deere & Company, Kubota Corporation, Raven Industries Inc., Trimble Inc., Yanmar Holdong Co.Ltd. and Zimeno Inc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Autonomous Tractors Market to Reach US$ 13.4 Billion by 2032, Propelled by the Integration of Advanced Technology

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