Global Autonomous Tractors Market 2021 (Includes Business Impact of COVID-19)

  • TBI917649
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US
                                              

Report updated on 11th September, 2021: Global Autonomous Tractors Market 2021 (Includes Business Impact of COVID-19)

Global Autonomous Tractors Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028 report has been recently generated by Trusted Business Insights. The global autonomous tractors market report has been segmented on the basis of power output, component, crop type, farm application, and region. Request Covid - 19 Impact The global Autonomous Tractors market size was valued at USD$ 1.21 billion in 2020 and is projected to reach UDS$ 8.06 billion by 2030, and is anticipated to expand at a CAGR of 18.55% over the forecast period from 2020 to 2030.

Global Autonomous Tractors Market: Introduction

Autonomous tractors are driverless farm vehicle which offers high torque at low speed. Autonomous tractors offer farmers tactical approach to harvesting, planting, and maintaining their crops.

Global Autonomous Tractors Market: Dynamics

The global autonomous tractors market is expected to register significant growth over the forecast period, owing to increasing inclination towards automation of processes. In addition, increasing government initiatives for the adoption of advanced technologies in order to improve productivity, efficiency, and crop yield quality is expected to drive growth of the global autonomous tractors market over the forecast period. The increasing adoption rate of mechanization in the agriculture industry in developed countries is further expected to drive growth of the global market. Therefore, decreasing the availability of labor, combined with an increased labor cost is one of the primary factors driving growth of the global autonomous tractors market. Autonomous tractors can also be used as mobile hotspots for data collection from sensors positioned throughout the field. This is of great use for applications used in precision agriculture and can deliver required information on-the-spot. Such factors are expected to augment growth of the global market over the estimated time period. However, lack of technical knowledge among the farmers, especially in underdeveloped and developing economies, coupled with high initial investment cost are primary factors that are expected to affect growth of the global market to a certain extent. New technologies in the market such as The Machine Sync system, AutoTrac Vision, The AutoTrac RowSense system are expected to create a huge impact on growth of global market and is expected to create revenue opportunities for the players in the market.

Global Autonomous Tractors Market: Analysis by Region

North America market is expected to dominate in the global autonomous tractors market, owing to the high adoption rate of advanced technology. In addition, lack of skilled farm labor and the capability of farmers in the region to spend on technology are the primary reasons for the future growth of the autonomous tractors market in North America. Moreover, the presence of prominent tractor manufacturers in the region is further driving growth of the regional markets. The market in Asia-Pacific is anticipated to register a considerable growth rate over the forecast period, owing to the growing demand for food production to feed the growing population.

Below are the active patents related to Autonomous Tractors Market.

Patent Number: US9392743B2 Agricultural autonomous vehicle platform with articulated base Abstract An autonomous vehicle platform and system for selectively performing an in-season management task in an agricultural field while self-navigating between rows of planted crops, the autonomous vehicle platform having a vehicle base with a width so dimensioned as to be insertable through the space between two rows of planted crops, the vehicle base having a first portion and a second portion, wherein the first portion is pivotably coupled to the second portion, and each of portion is operably coupled to at least one ground engaging wheel. Application File Date: 2014-08-14 Application Granted Date: 2016-07-19 Current Assignee: ROWBOT SYSTEMS LLC Patent Number: US20130112441A1 Autonomous self-actuated ploughing implement Abstract An implement has at least a first plow share in front, provided with an anti-rollback mechanism, and at least a second plow share in the rear, with another anti-rollback mechanism. The plow shares are interconnected by alternate approaching and distancing mechanisms. A telematic control unit based on a computer system that is assisted by a global positioning system, autonomously guides movement of the implement. A steering system formed by an oscillating support can rotate in a plane perpendicular to the advancement direction of the implement and lifts one of the plow shares in relation to the ground and moves it laterally. A power supply system using renewable energy or internal or external combustion engines is mounted on the implement. Application File Date: 2011-07-19 Application Granted Date: 2015-09-29 Inventor: Damian Bover Trobat Patent Number: US20150105963A1 Autonomous systems, methods, and apparatus for ag based operations Abstract The use of self-powered, autonomous vehicles in agricultural and other domestic applications is provided. The vehicles include a self-propelled drive system, tracks or wheels operatively connected to the drive system, a power supply operatively connected to the drive system, an attachment mechanism for attaching equipment to the vehicle, and an intelligent control operatively connected to the drive system, power supply, and attachment mechanism. The vehicle is configured to connect to the equipment to perform agricultural operations based upon the equipment. Multiple vehicles can be used in a field at the same time. Furthermore, the invention includes the ability to move one or more of the autonomous vehicles from field to field, home to field, or from generally any first location to a second location. Application File Date: 2014-10-14 Application Granted Date: 2018-10-30 Current Assignee: Kinze Manufacturing Inc

Global Autonomous Tractors Market Segmentation:

Segmentation by Power Output:
  • Up to 30 HP
  • 31-100 HP
  • 101 HP & above
Segmentation by Component:
  • Camera/vision systems
  • GPS
  • Hand-held devices
  • LiDAR
  • Radar
  • Ultrasonic sensors
Segmentation by Crop Type:
  • Cereals & grains
  • Fruits & vegetables
  • Oilseeds & pulses
Segmentation by Farm Application:
  • Harvesting
  • Seed sowing
  • Tillage (primary & secondary tillage)
  • Others (spraying and fertilizing)

Key Market Players included in the report:

Below are the key development related to Autonomous Tractors Market in 2020 and 2021.

August 2021: John Deere buys autonomous tractor startup for $250M. Tractor giant John Deere has agreed to acquire a Silicon Valley startup that develops autonomous driving technology for tractors. Moline, Illinois-based Deere announced it is buying Bear Flag Robotics for $250 million. The startup, founded in 2017, has built technology that allows tractors to work in a field autonomously. Its tech is compatible with existing machines, allowing farmers to retrofit their tractor fleets with autonomous systems. Source  

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Autonomous Tractors Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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