Autonomous Tractors Market

Autonomous Tractors Market by Power Output (Up to 30 HP, 31–100 HP, 101 HP and Above), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Farm Application, Component, and Region - Global Forecast to 2025

Report Code: AGI 5985 Feb, 2018, by marketsandmarkets.com

[137 Pages Report] The autonomous tractors market is estimated to witness a demand of approximately 12,508 Units in 2019 and 60,901 Units by 2025, at a CAGR of 24.89%. The basic objective of this report is to define, segment, and project the global market size for autonomous tractors on the basis of power output, component, crop type, farm application, and region. It also helps to understand the structure of the autonomous tractors market by identifying its various segments. Other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of market trends, analyzing the macro and micro indicators of this market to provide factor analysis, and to project the size of the autonomous tractors market.

Autonomous Tractors Market

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This report includes estimations of the market size in terms of value (USD million) and volume (units). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global autonomous tractors market and to estimate the size of various other dependent submarkets in the overall market. The key players in the market have been identified through secondary research; some of the sources are press releases, paid databases such as Factiva and Bloomberg, annual reports, and financial journals; their market share in respective regions have also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of profiles of industry experts that participated in primary discussions.

Autonomous Tractors Market

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The key players that are profiled in the report include AGCO (US), CNH (UK), Mahindra & Mahindra (India), Deere (US), Kubota Corporation (Japan), Yanmar (Japan), and Autonomous Tractor Corporation (US).

This report is targeted at existing stakeholders in the industry, which include the following:

  • Government and research organizations
  • Associations and industrial bodies
  • Raw material suppliers and distributors
  • Autonomous tractor component manufacturers
  • Autonomous tractors, distributors, and suppliers
  • Agriculture equipment and component manufacturing associations
  • Agricultural institutes and universities
  • Consumers, including farmers
  • Logistical service providers
  • Technology providers to autonomous tractor component manufacturing companies
  • Government, legislative, and regulatory bodies

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

On the basis of Power Output, the autonomous tractors market has been segmented as follows:

  • Up to 30 HP
  • 31-100 HP
  • 101 HP & above

On the basis of Component, the autonomous tractors market has been segmented as follows:

  • LiDAR
  • Radar
  • GPS
  • Camera/vision systems
  • Ultrasonic sensors
  • Hand-held devices

On the basis of Crop Type, the autonomous tractors market has been segmented as follows:

  • Cereals & grains
  • Oilseeds & pulses
  • Fruits & vegetables

On the basis of Farm Application, the autonomous tractors market has been segmented as follows:

  • Tillage (primary & secondary tillage)
  • Seed sowing
  • Harvesting
  • Others (spraying and fertilizing)

On the basis of Region, the autonomous tractors market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company.

Regional Analysis

  • Further breakdown of the Rest of Asia Pacific autonomous tractors market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

The global autonomous tractors market is projected to witness demand for 12,508 Units in 2019 and 60,901 Units by 2025, at a CAGR of 24.89%. The growth of the autonomous tractors market is expected to be driven by the improved efficiency and productivity of crop yield offered by these tractors and growth in initiatives by governments for the adoption of new technologies. The increase in the average age of farmers in developed countries and decline in the availability of labor are also major factors that will drive the demand for autonomous tractors in the near future.

Autonomous Tractors Market

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On the basis of power output, 101 HP & above will account for the largest share, followed by the 31-100 HP power output segment, in 2019. The demand for medium-powered tractors is expected to grow 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 at a high fuel economy. These tractors are versatile and can be used for multiple applications on and off the field. Owing to these factors, most farmers prefer tractors in this range.

In terms of component, the autonomous tractors market has been segmented into LiDAR, radar, GPS, camera/vision system, ultrasonic sensors, and hand-held devices. The radar segment in the autonomous tractors market is projected to be the largest by 2025. Radar 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 LiDAR systems but more expensive compared to cameras, which makes them a preferable option to other components considered by manufacturers for incorporation in autonomous tractors.

On the basis of crop type, the autonomous tractors market has been studied for cereals & grains (corn, wheat, rice, and others), oilseeds & pulses (soybean, canola, and others), and fruits & vegetables (orange, vineyards, and others). With the increase in the global population, the demand for fruits & vegetables is also increasing at a rapid pace. A trend shows that weeding and harvesting of fruits & vegetables largely rely on hand labor owing to the fact that fragile fruits & vegetables are delicate, and machinery could damage the crops or the trees that produce them. As a result, new technologies such as autonomous tractors are being developed for fruit & vegetable cultivation.

On the basis of farm application, the global autonomous tractors market has been segmented into (primary and secondary), seed sowing, and harvesting. The tillage segment will dominate the market with the largest share in 2019. With advancements in technology and various research & development activities by agronomists, tillage activities are increasingly being made autonomous for broad acre and row crop farming.

North America is expected to account for the largest share of the autonomous tractors market in 2019. The higher disposable incomes of farmers, lack of trained farm labor, and well-developed technology are the primary reasons for the future expansion of the North American autonomous tractors market. In North America, it being a developed region, the sizes of farms are usually large, and customer loyalty is high. As the arms are large, demand for high-powered tractors in the US is starting to gain traction. The US is the largest market for autonomous tractors in the North American region.

The autonomous tractors market is dominated by AGCO (US), CNH (UK), Mahindra & Mahindra (India), Deere (US), Kubota Corporation (Japan), Yanmar (Japan), and Autonomous Tractor Corporation (US).These companies have a strong distribution network at the global level. The key strategies adopted by these companies to sustain their market position are new product development and acquisitions. All the parameters mentioned above have been analyzed to derive the market ranking of these companies.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization Considered for the Study
    1.5 Currency Considered
    1.6 Unit Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Autonomous Tractors Market
    4.2 Autonomous Tractors Market, By Region, 2019–2025
    4.3 Asia Pacific Autonomous Tractors Market, By Power Output and Country
    4.4 Autonomous Tractors Market, By Crop Type & Region
    4.5 Autonomous Tractors Market Share: Key Countries

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Improved Efficiency and Productivity Through Improved Crop Yields
                    5.2.1.2 Growth in Trend of Mechanization in the Agricultural Industry
                    5.2.1.3 Favorable Government Initiatives for Adoption of Modern Agricultural Techniques
                    5.2.1.4 Introduction of Autonomous Tractors By Leading Market Players in Developing Countries
                    5.2.1.5 Increase in Average Age of Farmers in Developed Countries
                    5.2.1.6 Decline in Availability of Labor and Increase in Labor Wages
           5.2.2 Restraints
                    5.2.2.1 High Initial Capital Investment
                    5.2.2.2 Lack of Technical Knowledge Among Farmers
           5.2.3 Opportunities
                    5.2.3.1 Integration of Smartphones With Agricultural Hardware and Software Applications for Autonomous Tractors
           5.2.4 Challenges
                    5.2.4.1 Lack of Data Management Practices in Agriculture
                    5.2.4.2 Smaller Land Holdings in Developing Economies

6 Autonomous Tractors Market, By Component (Page No. - 44)
    6.1 Introduction
    6.2 LiDAR
    6.3 Radar
    6.4 GPS
    6.5 Camera/Vision Segments
    6.6 Ultrasonic Sensors
    6.7 Hand-Held Devices

7 Autonomous Tractors Market, By Power Output (Page No. - 52)
    7.1 Introduction
    7.2 Up to 30 HP
    7.3 31–100 HP
    7.4 101 HP & Above

8 Autonomous Tractors Market, By Crop Type (Page No. - 57)
    8.1 Introduction
    8.2 Cereals & Grains
           8.2.1 Corn
           8.2.2 Wheat
           8.2.3 Rice
           8.2.4 Others
    8.3 Oilseeds & Pulses
           8.3.1 Soybean
           8.3.2 Canola
           8.3.3 Others
    8.4 Fruits & Vegetables
           8.4.1 Orange
           8.4.2 Vineyards
           8.4.3 Others

9 Autonomous Tractors Market, By Farm Application (Page No. - 64)
    9.1 Introduction
    9.2 Tillage (Primary & Secondary Tillage)
    9.3 Seed Sowing
    9.4 Harvesting
    9.5 Other Farm Applications

10 Autonomous Tractors Market, By Region (Page No. - 69)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 China
             10.2.2 India
             10.2.3 Japan
             10.2.4 South Korea
             10.2.5 Rest of Asia Pacific
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 Italy
             10.3.4 UK
             10.3.5 Turkey
             10.3.6 Rest of Europe
     10.4 North America
             10.4.1 US
             10.4.2 Canada
             10.4.3 Mexico
     10.5 Rest of the World (RoW)
             10.5.1 Brazil
             10.5.2 Russia

11 Competitive Landscape (Page No. - 87)
     11.1 Overview
     11.2 Market Ranking Analysis
     11.3 Competitive Scenario
             11.3.1 New Product Developments
             11.3.2 Collaborations
             11.3.3 Acquisitions
             11.3.4 Expansions

12 Company Profiles (Page No. - 94)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Agco
     12.2 CNH
     12.3 Mahindra & Mahindra Ltd.
     12.4 Deere & Company
     12.5 Kubota Corporation
     12.6 Yanmar Co., Ltd.
     12.7 Autonomous Tractor Corporation
     12.8 Trimble, Inc.
     12.9 Agjunction, Inc.
     12.10 Raven Industries
     12.11 AG Leader Technology
     12.12 Dutch Power Company

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 128)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (47 Tables)

Table 1 Autonomous Tractors Market Size, By Component, 2019–2025 (‘000 Units)
Table 2 Autonomous Tractors Market Size, By Component, 2019–2025 (USD Million)
Table 3 LiDAR Market Size, By Region, 2019–2025 (‘Ooo Units)
Table 4 LiDAR Market Size, By Region, 2019–2025 (USD Million)
Table 5 Radar Market Size, By Region, 2019–2025 (‘000 Units)
Table 6 Radar Market Size, By Region, 2019–2025 (USD Million)
Table 7 GPS Market Size, By Region, 2019–2025 (‘000 Units)
Table 8 GPS Market Size, By Region, 2019–2025 (USD Thousand)
Table 9 Camera Vision Systems Market Size, By Region, 2019–2025 (‘000 Units)
Table 10 Camera Vision Systemsmarket Size, By Region, 2019–2025 (USD Million)
Table 11 Ultrasonic Sensors Market Size, By Region, 2019–2025 (‘000 Units)
Table 12 Ultrasonic Sensors Market Size, By Region, 2019–2025 (USD Thousand)
Table 13 Hand-Held Devices Market Size, By Region, 2019–2025 (‘000 Units)
Table 14 Hand-Held Devices Market Size, By Region, 2019–2025 (USD Thousand)
Table 15 Autonomous Tractors Market Size, By Power Output, 2019–2025 (Units)
Table 16 Up to 30 HP: Autonomous Tractors Market Size, By Region, 2019–2025 (Units)
Table 17 31-100 HP: Autonomous Tractors Market Size, By Region, 2019–2025 (Units)
Table 18 101 HP & Above: Autonomous Tractors Market Size, By Region, 2019–2025 (Units)
Table 19 Autonomous Tractors Market Size, By Crop Type, 2019–2025 (USD Million)
Table 20 Cereals & Grains: Autonomous Tractors Market Size, By Region, 2019–2025 (USD Million)
Table 21 Cereals & Grains: Autonomous Tractors Market Size, By Sub-Crop Type, 2019–2025 (USD Million)
Table 22 Oilseeds & Pulses: Autonomous Tractors Market Size, By Region, 2019–2025 (USD Million)
Table 23 Oilseeds & Pulses: Autonomous Tractors Market Size, By Sub-Crop Type, 2019–2025 (USD Million)
Table 24 Fruits & Vegetables: Autonomous Tractors Market Size, By Region, 2019–2025 (USD Million)
Table 25 Fruits & Vegetables: Autonomous Tractors Market Size, By Sub-Crop Type, 2019–2025 (USD Million)
Table 26 Autonomous Tractors Market Size, By Farm Application, 2019–2025 (USD Million)
Table 27 Tillage: Autonomous Tractors Market Size, By Region, 2019–2025 (USD Million)
Table 28 Seed Sowing: Autonomous Tractors Market Size, By Region, 2019–2025 (USD Million)
Table 29 Harvesting: Autonomous Tractors Market Size, By Region, 2019–2025 (USD Million)
Table 30 Other Farm Applications: Autonomous Tractors Market Size, By Region, 2019–2025 (USD Million)
Table 31 Autonomous Tractors Market Size, By Region, 2019–2025 (Units)
Table 32 Asia Pacific: Autonomous Tractors Market, By Country, 2019–2025 (Units)
Table 33 Asia Pacific: Autonomous Tractors Market Size, By Crop Type, 2019–2025 (USD Million)
Table 34 Asia Pacific: Autonomous Tractors Market Size, By Farm Application, 2019–2025 (USD Million)
Table 35 Europe: Autonomous Tractors Market Size, By Country, 2019–2025 (Units)
Table 36 Europe: Autonomous Tractors Market Size, By Crop Type, 2019–2025 (USD Million)
Table 37 Europe: Autonomous Tractors Market Size, By Farm Application, 2019–2025 (USD Million)
Table 38 North America: Autonomous Tractors Market, By Country, 2019–2025 (Units)
Table 39 North America: Autonomous Tractors Market Size, By Crop Type, 2019–2025 (USD Million)
Table 40 North America: Autonomous Tractors Market Size, By Farm Application, 2019–2025 (USD Million)
Table 41 RoW: Autonomous Tractors Market Size, By Country, 2019–2025 (Units)
Table 42 RoW: Autonomous Tractors Market Size, By Crop Type, 2019–2025 (USD Million)
Table 43 RoW: Autonomous Tractors Market Size, By Farm Application, 2019–2025 (USD Million)
Table 44 New Product Developments, 2013–2017
Table 45 Collaborations, 2014–2016
Table 46 Acquisitions 2015–2017
Table 47 Expansions, 2013–2017


List of Figures (36 Figures)

Figure 1 Research Design: Autonomous Tractors Market
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Autonomous Tractors Market, By Power Output (Units)
Figure 7 Autonomous Tractors Market, By Component (000’ Units)
Figure 8 Autonomous Tractors Market, By Crop Type (USD Million)
Figure 9 Autonomous Tractors Market, By Farm Application (USD Million)
Figure 10 Autonomous Tractors Market, By Region (Units)
Figure 11 Growth in Trend of Mechanization in the Agricultural Industry to Drive the Demand for Autonomous Tractors During the Forecast Period
Figure 12 North America is Projected to Dominate the Autonomous Tractors Market Through 2025
Figure 13 China Expected to Lead the Market in 2019
Figure 14 Fruits & Vegetables Segment Projected to Dominate the Market in 2019
Figure 15 US and China: Important Markets for Autonomous Tractors, 2019
Figure 16 Autonomous Tractors Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Average Age of A Principal Farm Operator in the Us
Figure 18 Employment in Agriculture (% of Total Employment)
Figure 19 Average Farm Holding Size: 2015 (Ha/Holding)
Figure 20 Autonomous Tractors Market, By Region, 2021 vs 2025 (Units)
Figure 21 North America is Expected to Account for the Largest Share of the Global Autonomous Tractors Market
Figure 22 Asia Pacific Autonomous Tractors Market Snapshot
Figure 23 Europe: Autonomous Tractors Market, 2021 vs 2025 (Units)
Figure 24 North America: Autonomous Tractors Market Snapshot
Figure 25 RoW: Autonomous Tractors Market, 2021 vs 2025
Figure 26 Companies Adopted Expansion as the Key Growth Strategy From 2016 to 2017
Figure 27 Autonomous Tractor Market Ranking: 2017
Figure 28 Agco: Company Snapshot
Figure 29 CNH Industrial N.V.: Company Snapshot
Figure 30 Mahindra & Mahindra Ltd.: Company Snapshot
Figure 31 Deere & Company: Company Snapshot
Figure 32 Kubota Corporation: Company Snapshot
Figure 33 Yanmar Co., Ltd.: Company Snapshot
Figure 34 Trimble, Inc.: Company Snapshot
Figure 35 Agjunction, Inc.: Company Snapshot
Figure 36 Raven Industries: Company Snapshot


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