Autonomous Tractors Market Size Worth $14,624.86 Million By 2032 | CAGR: 20.6%

Autonomous Tractors Market Size Worth $14,624.86 Million By 2032 | CAGR: 20.6%


The global autonomous tractors market size is expected to reach USD 14,624.86 million by 2032, according to a new study by Polaris Market Research. The report “Autonomous Tractors Market Share, Size, Trends, Industry Analysis Report, By Power Output (Up to 30 HP, 31–100 HP, 101 HP & Above); By Crop Type; By Component; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The trend of autonomous is paving roads for the agriculture and farming industry. Autonomous technology can help reduce labor costs, increase efficiency, and improve the precision of farming practices. Many businesses are investing in autonomous tractors to improve farming and provide efficiency. For example, in January 2022, John Deere introduced a fully autonomous tractor for large-scale production.

The machine syndicates Deere's 8R tractor, TruSet-enabled chisel plow, new advanced technologies, and GPS guidance system. Significantly, various product launches internationally led to boosts the global market sales.

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Augmenting the global food demand is one of the significant factors likely to flourish the market growth. This is due to population growth, changing dietary preferences, and rising income levels in developing countries. As people's incomes rise in developing countries, they tend to consume more meat and dairy products, which require more resources to produce than plant-based foods. This shift towards a more Westernized diet is increasing the demand for animal feed and land and water resources to produce it. For example, food demand is expected to increase anywhere between 59% to 98% by 2050. Growing demand for food is heightening the market value globally.

Autonomous Tractors Market Report Highlights

  • 31–100 HP is dominating the global market with a significant share due to the increasing adoption of tractors with 31–100 HP to perform several farm operations such as sowing, planting, harvesting, and tilling
  • Radar segment is accounting the largest share of the global market as it can determine the velocity, range, and angle of moving objects and work in nearly all weather conditions
  • Fruits and vegetable segment is accounted for the largest share of the global market. This is due increasing demand for fruits & vegetables with the expanding the global population
  • Tillage segment held the largest share in the global market due to numerous research & development activities by agronomists across many countries globally
  • North America held the largest share in 2022 due to the high adoption of advanced technologies and labor shortage in the region
  • Global players include AGCO Corp., Autonomous Solutions, Autonomous Tractor, CNH Industrial, Deere & Company, KINZE Manufacturing, Kubota Corp., Mahindra & Mahindra, Trimble, & Yanmar

Polaris Market Research has segmented the autonomous tractors market report based on power output, component, crop type, application, and region:

Autonomous Tractors, Power Output Outlook (Revenue - USD Million, 2019 - 2032)

  • Up to 30 HP
  • 31–100 HP
  • 101 HP & Above

Autonomous Tractors, By Component Outlook (Revenue - USD Million, 2019 - 2032)

  • Camera/Vision Systems
  • LiDAR
  • Hand-Held Devices
  • Radar
  • Ultrasonic Sensors
  • GPS

Autonomous Tractors, By Crop Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables

Autonomous Tractors, By Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Tillage (Primary & Secondary Tillage)
  • Seed Sowing
  • Harvesting
  • Steak
  • Other Applications

Autonomous Tractors, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Autonomous Tractors Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 2,716.06 million

Revenue forecast in 2032

USD 14,624.86 million

CAGR

20.6% from 2023 – 2032

Base year

2022

Historical data

2019– 2021

Forecast period

2023– 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Power Output, By Crop Type, By Component, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

AGCO Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, CNH Industrial, Deere & Company, KINZE Manufacturing, Kubota Corporation, Mahindra & Mahindra, Trimble, and Yanmar

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