Autonomous Tractors Market by Component and Application - Global Opportunity Analysis and Industry Forecast, 2018-2025

  • ID: 4580654
  • Report
  • Region: Global
  • 195 pages
  • Allied Analytics LLP
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The report includes the study of autonomous tractors market. The global autonomous tractors market size was $648.9 million in 2016, and is projected to reach $4,389.8 million in 2025, growing at a CAGR of 24.0%. Autonomous tractors which are also self-driving tractors use advanced technology to perform numerous farm duties and help farmers.

Factors such as improved operational proficiency and enhanced productivity of crop yields, and increased support initiatives by governments to adopt newer technologies propel the demand for autonomous tractors globally. Moreover, these tractors help farmers by offering beneficial information related to soil conditions, crop yield, fuel consumption rate, and others, thus driving the market growth. However, high initial investment and maintenance costs required by these tractors are major challenges faced by the players operating in the industry. Growth in demand for innovative & advanced technological tractors offer promising opportunities for players in the autonomous tractors industry. Moreover, increase in use of drones in autonomous tractors provides lucrative business opportunity to the players.

The global autonomous tractors market is segmented based on component, application, and region. Based on components, the market is categorized into sensor, GPS, vision system, and others. The GPS segment is projected to dominate the global market throughout the study period. Based on application, the market is categorized into tillage, harvesting, irrigation, seed sowing, spraying, and fertilizing. The tillage segment accounts for the maximum market share.

The global autonomous tractors market is analyzed across four geographical regions, i.e., North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America is expected to dominate the market throughout the forecast period. LAMEA is projected to grow at the fastest rate, followed by Europe. 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.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global autonomous tractors market, and current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the market of autonomous tractors is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global market from 2016 to 2025 is provided to determine the market potential.

KEY MARKET SEGMENTS

By Component

Sensor
GPS
Vision system
Others

By Application

Tillage
Harvesting
Seed Sowing
Irrigation
Spraying
Fertilizing

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

KEY MARKET PLAYERS PROFILED IN THE REPORT

AGCO Corporation
Autonomous Solutions, Inc.
Autonomous Tractor Corporation
CNH Industrial
Deere & Company
KINZE Manufacturing
Kubota Corporation
Mahindra & Mahindra
Trimble
Yanmar
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CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Top Winning Strategies, By Year, 2016-2018*
3.2.4. Top Winning Strategies, By Development, 2016-2018*
3.2.5. Top Winning Strategies, By Company, 2016-2018*
3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. KEY PLAYER POSITIONING, 2017
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Provides wide farming information
3.5.1.2. Encouraging Government initiatives
3.5.1.3. Enhanced productivity and rise in income
3.5.1.4. Need for more food
3.5.2. Restraints
3.5.2.1. High initial investment and maintenance costs
3.5.2.2. Lack of awareness and technology integration among farmers
3.5.3. Opportunity
3.5.3.1. Newer technological advancements
3.5.3.2. Introduction of drones in agriculture

CHAPTER 4: AUTONOMOUS TRACTORS MARKET, BY COMPONENTS
4.1. MARKET OVERVIEW
4.1.1. Market size and forecast, by components
4.2. SENSORS
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market size and forecast, by country
4.3. GLOBAL POSITIONING SYSTEM (GPS)
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market size and forecast, by country
4.4. VISION SYSTEM
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market size and forecast, by country
4.5. OTHERS
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market size and forecast, by country

CHAPTER 5: AUTONOMOUS TRACTORS MARKET, BY APPLICATION
5.1. MARKET OVERVIEW
5.1.1. Market size and forecast, by application
5.2. TILLAGE
5.2.1. Key market trends, growth, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market size and forecast, by country
5.3. HARVESTING
5.3.1. Key market trends, growth, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market size and forecast, by country
5.4. SEED SOWING
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market size and forecast, by country
5.5. IRRIGATION
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market size and forecast, by country
5.6. SPRAYING
5.6.1. Key market trends, growth, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market size and forecast, by country
5.7. FERTILIZING
5.7.1. Key market trends, growth, and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market size and forecast, by country

CHAPTER 6: AUTONOMOUS TRACTORS MARKET, BY REGION
6.1. MARKET OVERVIEW
6.1.1. Market size and forecast by region
6.2. NORTH AMERICA
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by components
6.2.3. Market size and forecast, by application
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. U.S., market size and forecast by components
6.2.4.1.2. U.S., market size and forecast, by application
6.2.4.2. Canada
6.2.4.2.1. Canada market size and forecast, by components
6.2.4.2.2. Canada market size and forecast, by application
6.2.4.3. Mexico
6.2.4.3.1. Mexico market size and forecast, by components
6.2.4.3.2. Mexico market size and forecast, by application
6.3. EUROPE
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Europe market size and forecast, by components
6.3.3. Europe market size and forecast, by application
6.3.4. Europe market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Germany market size and forecast, by components
6.3.4.1.2. Germany market size and forecast, by application
6.3.4.2. France
6.3.4.2.1. France market size and forecast, by components
6.3.4.2.2. France market size and forecast, by application
6.3.4.3. UK
6.3.4.3.1. UK market size and forecast, by components
6.3.4.3.2. UK market size and forecast, by application
6.3.4.4. Russia
6.3.4.4.1. Russia market size and forecast, by components
6.3.4.4.2. Russia market size and forecast, by application
6.3.4.5. Rest of Europe
6.3.4.5.1. Rest of Europe market size and forecast, by components
6.3.4.5.2. Rest of Europe market size and forecast, by application
6.4. ASIA-PACIFIC
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Asia-Pacific market size and forecast, by components
6.4.3. Asia-Pacific market size and forecast, by application
6.4.4. Asia-Pacific market size and forecast, by country
6.4.4.1. Japan
6.4.4.1.1. Japan market size and forecast, by components
6.4.4.1.2. Japan market size and forecast, by application
6.4.4.2. China
6.4.4.2.1. China market size and forecast, by components
6.4.4.2.2. China market size and forecast, by application
6.4.4.3. Australia
6.4.4.3.1. Australia market size and forecast, by components
6.4.4.3.2. Australia market size and forecast, by application
6.4.4.4. India
6.4.4.4.1. India market size and forecast, by components
6.4.4.4.2. India market size and forecast, by application
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Rest of Asia-Pacific market size and forecast, by components
6.4.4.5.2. Rest of Asia-Pacific market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. LAMEA market size and forecast, by components
6.5.3. LAMEA market size and forecast, by application
6.5.4. LAMEA market size and forecast, by country
6.5.4.1. Latin America
6.5.4.1.1. Latin America market size and forecast, by components
6.5.4.1.2. Latin America market size and forecast, by application
6.5.4.2. Middle East
6.5.4.2.1. Middle East market size and forecast, by components
6.5.4.2.2. Middle East market size and forecast, by application
6.5.4.3. Africa
6.5.4.3.1. Africa market size and forecast, by components
6.5.4.3.2. Africa market size and forecast, by application

CHAPTER 7: COMPANY PROFILE
7.1. AGCO CORPORATION
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Product portfolio
7.1.4. Business performance
7.1.5. Key strategic moves and developments
7.2. AUTONOMOUS SOLUTIONS INC.
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Key strategic moves and developments
7.3. AUTONOMOUS TRACTOR CORPORATION
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Product portfolio
7.3.4. Key strategic moves and developments
7.4. CNH INDUSTRIAL N.V.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments
7.5. DEERE & COMPANY
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.6. KINZE MANUFACTURING
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Product portfolio
7.6.4. Key strategic moves and developments
7.7. KUBOTA CORPORATION
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments
7.8. MAHINDRA & MAHINDRA LTD.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.9. TRIMBLE INC.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments
7.10. YANMAR CO., LTD.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments
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According to a new report titled, Autonomous Tractors Marketlobal Opportunity Analysis and Industry Forecast, 2018-2025, the global autonomous tractors market was valued at $648.9 million in 2016, and is expected to reach at $4,389.8 million by 2025, growing at a CAGR of 24.0% during the forecast period. The GPS segment accounted for almost one-third of the market share in 2016 and is expected to witness significant growth during the forecast period.

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.

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.

Key Findings of the Autonomous tractors Market

By components, the GPS segment dominated the market in 2016, in terms of revenue and is projected to grow at a CAGR of 22.5% during the forecast period.
North America generated the highest revenue in 2016, however LAMEA is anticipated to grow at the highest CAGR of 26.0%.
The tillage segment in the application segment generated the highest revenue in 2016, and is estimated to grow at the rate of 20.7%.
In North America region, U.S. accounted for more than half of the market share in 2016.

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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