DUBLIN--(BUSINESS WIRE)--The "Autonomous Tractors Market by Component and Application - Global Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
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%.
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.
- AGCO Corporation
- Autonomous Solutions, Inc.
- Autonomous Tractor Corporation
- CNH Industrial
- Deere & Company
- KINZE Manufacturing
- Kubota Corporation
- Mahindra & Mahindra
Key Topics Covered:
2: Executive Summary
3: Market Overview
4: Autonomous Tractors Market, By Components
5: Autonomous Tractors Market, By Application
6: Autonomous Tractors Market, By Region
7: Company Profile
For more information about this report visit https://www.researchandmarkets.com/research/jjhww6/global_autonomous?w=4