Frequently Asked Questions:
Sensor, GPS, Vision System, etc. are major components of autonomous electric tractor, out of which GPS segment dominated the global market with just under two third share in the global market. Dominance of GPS segment can be attributed to the abundance of its availability across the world.
Some of the major players operating in autonomous electric tractor industry include AGCO Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, CNH Industrial, Deere & Company, KINZE Manufacturing, Kubota Corporation, Mahindra & Mahindra, Trimble, and Yanmar. The top six players collectively account for over 45% share in the global market.
Tillage is the largest application of autonomous electric tractor which held over 50% share in the global consumption in 2020
North America hold the largest share owing to large demand of autonomous electric tractor in agriculture industry
The market is anticipated to grow at a CAGR of 24.1% throughout the forecast period, in terms of revenue