Data Bridge Market Research analyses that the driverless tractor market which was growing at a value of 0.756 billion in 2021 and is expected to reach the value of USD 1.48 billion by 2029, at a CAGR of 8.8% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Driverless Tractor Market Dynamics: -
Drivers
Technological revolution in agricultural industry combined with governments favouring policies
Government policies, such as loan waivers, schemes, and policies, are driving the growing trend of farm mechanisation, which is expected to drive the growth of the driverless tractors market in developing countries around the world. Farm mechanisation is a rapidly growing phenomenon in the driverless tractor market, as emerging economies benefit from government efforts to revolutionise the agriculture industry.
Growing adoption of precision farming all around the world
Precision farming, as well as the increasing adoption of farm mechanisation to increase productivity, is driving up demand for tractors. The growing number of farm training programmes promoting the use of driverless machinery on a large scale is also driving the tractor market. Aside from that, the growing number of building and construction projects is increasing demand for tractors in the construction industry. Furthermore, various technological advancements have introduced advanced tractors equipped with GPS and telematics devices. The growing popularity of automated commercial vehicles, as well as the widespread use of wireless connectivity for remote monitoring, is expected to drive the global driverless tractor market.
Opportunity
There is a growing demand for low-cost innovations in the driverless tractor market. This demand has resulted in advancements in driverless tractors. Companies are expected to form talent pools in their RD centres by collaborating with researchers conducting science experiments outside the academic setting. First-year engineering students are developing driverless tractors, which are gaining attention from popular news outlets.
Restraints
High initial capital investment and smaller land holdings in developing economies are expected to impede market growth. In the forecast period, the driverless tractors market is expected to be challenged by a lack of data management practises in agriculture and a lack of technical knowledge among farmers.
Global Driverless Tractor Market Scope: -
The driverless tractor market is segmented on the basis of component, power output, technology, crop type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Sensor
GPS
Vision System
Others
Power Output
30 H.P.
31 to 80 H.P.
80 H.P.
Application
Harvesting
Seed Sowing
Irrigation
Tillage
Spraying and Fertilizing
Technology
Fully Autonomous Tractors
Supervised Autonomous Tractors
Operator Assisted Autonomous Tractors
Crop type
Cereals Grains
Oilseeds Pulses
Fruits Vegetables
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Driverless Tractor Market Regional Analysis/Insights: -
The countries covered in the driverless tractor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Competitive Landscape and Driverless Tractor Market Share Analysis: -
Some of the major players operating in the driverless tractor market are:
Deere Company (U.S.)
Tractors and Farm Equipment Limited (India)
Kubota Corporation (Japan)
CLAAS KGaA GmbH (Germany)
AGCO Corporation (U.S.)
CNH Industrial N.V. (U.K.)
Enerpac Tool Group (U.S.)
JCB (U.K.)
Mahindra Mahindra Ltd. (India)
SDF Group (Italy)
Bucher Industries (Switzerland)
Alamo Group, Inc. (U.S.)
MAJOR TOC OF THE REPORT: -
Chapter One: Introduction
Chapter Two: Market Analysis and Insights
Chapter Three: Market Dynamics
Chapter Four: Market Scope
Chapter Five: Market Regional Insights
Chapter Six: Competitive Landscape System Market
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