Autonomous Tractors Market to Witness a CAGR of 24.0% During 2018-2025 - Allied Market Research

Autonomous tractors are self-driving mechanical farming vehicle that perform various agricultural applications with the help of advanced technology. There is an increase in demand for the machine, owing to the rise in demand for more food globally. In addition, huge benefits offered by the tractors and increased income of farmers by use of these tractors are expected to propel the market growth. However, lack of awareness and technology integration among farmers pose a threat to the market growth. Moreover, the establishment of drones in farming offer lucrative opportunities for the market to grow.

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The tillage in the application segment has t he largest market share in the global autonomous tractors market during the forecast period. Its market share is expected to grow because of the new innovative tools such as Soil Command by Case IH to perform smart tillage. Furthermore, others in the components segment is expected to grow at the highest CAGR during the forecast period, owing to the capability of radar and LiDAR to detect obstacles as well as ability of telematics to monitor the autonomous vehicles.

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The key players profiled in this report are AGCO Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, CNH Industrial, Deere & Company, KINZE Manufacturing, Kubota Corporation, Mahindra & Mahindra, Trimble, and Yanmar.

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