Frequently Asked Questions
In 2022, the global Autonomous Tractor Market is expected to be worth USD 2515.6 million.
The Autonomous Tractor Market is estimated to increase at a CAGR of 25.00% between 2023 and 2030, reaching USD 14994.1 Million in 2030.
The partially automated sector is expected to have the largest market share in 2022
Diesel-powered tractors are now the most popular segment in the market
The aftermarket and retrofit kits segment has the highest compound annual growth rate (CAGR)
North America will lead the market for autonomous tractors in 2022
The top players include AGCO Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, CNH Industrial, Deere & Company, KINZE Manufacturing, Kubota Corporation, Mahindra & Mahindra, Trimble, and Yanmar.
Growing demand for precision agriculture and increased efficiency, technological advancements such as AI and IoT enabling autonomous capabilities, and growing labour shortages in the agricultural sector increasing the need for automation are the market’s primary drivers.
Initial investment expenses for autonomous tractor technologies are high. Concerns about the dependability and safety of autonomous systems, as well as a lack of infrastructure and legislation for widespread use, are market barriers.
Collaboration and partnerships between tractor manufacturers and technology companies, Integration of autonomous tractors with other smart farming technologies and Expansion of autonomous capabilities beyond basic farming tasks, such as crop monitoring and data analytics are the key opportunities in the market