Global Driverless Tractors Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Component;

Sensor, GPS, Vision System and Others.

By Technology;

Fully Autonomous Tractors, Supervised Autonomous Tractors and Operator Assisted Autonomous Tractors.

By Power Output;

Greater Than 30 HP, 31 to 80 HP and Greater Than 80 HP.

By Application;

Tillage, Harvesting, Irrigation, Seed Sowing, Spraying, Fertilizing and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn049411227 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Driverless Tractors Market (USD Million), 2020 - 2030

In the year 2023, the Global Driverless Tractors Market was valued at USD 2,322.10 million. The size of this market is expected to increase to USD 10,233.16 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 23.6%.

The global market for driverless tractors has witnessed significant growth in recent years, driven by advancements in automation technology and the increasing adoption of precision farming techniques. Driverless tractors, also known as autonomous or self-driving tractors, utilize various sensors, GPS systems, and artificial intelligence algorithms to perform tasks traditionally carried out by human operators. These tasks include plowing, planting, spraying pesticides, and harvesting crops. By eliminating the need for a human operator, driverless tractors offer benefits such as increased efficiency, reduced labor costs, and improved accuracy in farming operations.

One of the key drivers propelling the growth of the driverless tractor market is the growing demand for food globally. With the world population projected to reach 9 billion by 2050, farmers are under pressure to increase productivity to meet rising food demands. Driverless tractors enable farmers to optimize their operations, maximize yields, and minimize resource wastage. Additionally, these autonomous machines can operate around the clock, allowing farmers to make the most of favorable weather conditions and tight planting or harvesting windows.

Concerns over labor shortages in the agriculture sector, particularly in regions like North America and Europe, have further fueled the adoption of driverless tractors. As the younger population increasingly pursues non-agricultural careers and the aging farming population retires, there is a growing need for automated solutions to fill the labor gap. Driverless tractors offer a solution to this challenge by reducing the reliance on manual labor and allowing farmers to accomplish tasks with fewer personnel.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Power Output
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Driverless Tractors Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Labor Shortages
      2. Restraints
        1. Regulatory Hurdles
        2. High Initial Investment
      3. Opportunities
        1. Precision Agriculture
        2. Increased Efficiency
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Driverless Tractors Market, By Component, 2020 - 2030 (USD Million)
      1. Sensor
      2. GPS
      3. Vision System
      4. Others
    2. Global Driverless Tractors Market, By Technology, 2020 - 2030 (USD Million)
      1. Fully Autonomous Tractors
      2. Supervised Autonomous Tractors
      3. Operator Assisted Autonomous Tractors
    3. Global Driverless Tractors Market, By Power Output, 2020 - 2030 (USD Million)
      1. Greater Than 30 HP
      2. 31 to 80 HP
      3. Greater Than 80 HP
    4. Global Driverless Tractors Market, By Application, 2020 - 2030 (USD Million)
      1. Tillage
      2. Harvesting
      3. Irrigation
      4. Seed Sowing
      5. Spraying
      6. Fertilizing
      7. Others
    5. Global Driverless Tractors Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ohn Deere
      2. CNH Industrial (Case IH and New Holland Agriculture)
      3. AGCO Corporation
      4. Kubota Corporation
      5. Autonomous Tractor Corporation
      6. Yanmar Co., Ltd.
      7. Trimble Inc.
      8. Autonomous Solutions Inc.
      9. Kinze Manufacturing, Inc.
      10. Autonomous Tractors Corporation
  7. Analyst Views
  8. Future Outlook of the Market

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