IMARC Group, a leading market research company, has recently releases report titled “Autonomous Tractors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global autonomous tractors market share, growth, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Autonomous Tractors

An autonomous tractor is a technologically advanced vehicle that operates without direct human intervention. It utilizes a combination of sensors, cameras, a global positioning system (GPS), and artificial intelligence (AI). It optimizes routes; offers optimal efficiency, precision, and productivity; and executes high-precision agricultural tasks, including plowing, seeding, spraying, and harvesting. It helps improve crop yield, reduce labor costs, analyze data in real-time, monitor crop health, and adjust operations accordingly. Besides this, as it aids in minimizing the chances of accidents and injuries on the farm, the demand for autonomous tractors is rising across the globe.

How Big Is the Autonomous Tractors Market?

The global autonomous tractors market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21.5% during 2023-2028.

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What are the growth prospects and trends in the autonomous tractors industry?

The increasing global population and the rising demand for improved crop production represent one of the key factors driving the market. Along with this, the scarcity of skilled labor and the need for sustainable farming practices are catalyzing the demand for autonomous tractors.

Apart from this, advancements in technology and the deployment of artificial intelligence (AI) and machine learning algorithms are optimizing farming practices. Additionally, the growing focus on sustainability and environmental concerns is fueling the demand for autonomous tractors as they help in minimizing resource wastage and environmental impact.

Furthermore, governing authorities of several countries are promoting the adoption of autonomous technologies in agriculture and providing financial help to farmers, which are expected to propel market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

• LiDAR
• Radar
• GPS
• Camera/Vision Systems
• Ultrasonic Sensors
• Hand-held Devices

Breakup by Power Output:

• Less than 30 HP
• 30-50 HP
• 51-100 HP
• More than 100HP

Breakup by Crop Type:

• Fruits and Vegetables
• Cereals and Grains
• Oilseeds and Pulses

Breakup by Application:

• Tillage
• Seed Sowing
• Harvesting
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

AutoNext Automation Pvt. Ltd., Autonomous Solutions Inc., Deere & Company, Kubota Corporation, Raven Industries Inc., Trimble Inc., Yanmar Holdong Co.Ltd. and Zimeno Inc.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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