According to a market report by Lucintel, the future of the global autonomous tractor market looks promising with opportunities in the lidar, radar, GPS, camera/vision system, ultrasonic sensor, and handheld device markets. The global autonomous tractor market is expected to reach an estimated $12 billion by 2035 from $5 billion in 2027 with a CAGR of 24.2% from 2027 to 2035. The major drivers for this market are the increasing demand for precision farming automation, the rising labor shortages in agriculture sector, and the growing adoption of smart farming technologies.
A more than 150-page report to understand trends, opportunity and
forecast in global autonomous tractor market to 2035 by crop type (cereals
& grains, oilseeds & pulses, and fruits & vegetables), power output
(UP to 30 HP, 31-100 HP, and 101 HP & above), component (lidar, radar, GPS,
camera/vision systems, ultrasonic sensors, and handheld devices), application
(tillage, seed sowing, harvesting, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the crop type category, cereal &
grain will remain the largest segment over the forecast period due to the
extensive cultivation of staple cereal and grain crops.
Within the application category, GPS will remain the largest segment over
the forecast period due to the widespread adoption of precision GPS
technologies.
Download sample by clicking on autonomous tractor market.
In terms of regions, North America will remain the largest region over
the forecast period due to the high adoption of advanced precision agriculture
technologies.
AGCO Corporation, CNH Industrial N.V., Mahindra & Mahindra Ltd.,
Deere & Company, Kubota Corporation, Yanmar Holdings Co., Ltd., Autonomous
Tractors Corporation, SDF Group, Iseki & CO., LTD., TYM Corporation are the
major suppliers in the autonomous
tractor market.
This
unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
your growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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