The North America Autonomous Tractors Market would witness market growth of 18.8% CAGR during the forecast period (2023-2029).
The farmer can intervene if any issues arise because of the semi-autonomous systems' ability to work autonomously enough within practical ranges. This makes them more practical than completely autonomous machinery. Moreover, agricultural vehicles with operators enable the safety of such a semi-autonomous system to be effortlessly ensured without the incorporation of expensive sensors and difficult sensor fusion algorithms, making them the affordable to be purchased by farmers in emerging economies.
The tractor is the most widely used autonomous agricultural vehicle. Due to benefits like highly precise automated drilling, GPS, and other wireless technologies for accurate & reliable data collection on soil and crop conditions and managing control stations, autonomous tractors and harvesters are in high demand. During the forecast period, these markets will keep driving up sales for producers of autonomous agricultural equipment.
The market for autonomous tractors in North America is anticipated to grow in the future due mostly to the rising disposable incomes of farmers, a lack of trained agricultural labor, and advanced technology. The majority of farms in North America are substantial in size, and patronage is often strong. In the US, there is a growing market for autonomous tractors. The need for automated technologies is increasing as a result of the government's support for environmentally friendly production methods like precision farming that incorporate artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML). In light of this, market growth over the ensuing years may be predicted to be favorable.
The US market dominated the North America Autonomous Tractors Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,213.9 million by 2029. The Canada market is poised to grow at a CAGR of 21.5% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 20.4% during (2023 - 2029).
Based on Crop Type, the market is segmented Fruits & Vegetables, Oilseeds & Pulses, and Cereals & Grains. Based on Component, the market is segmented into Radar, GPS, Camera/Vision Systems, Ultrasonic Sensors, LiDAR, and Hand-held Devices. Based on Farm Application, the market is segmented into Tillage, Harvesting, Seed Sowing, and Others. Based on Power Output, the market is segmented into 101 HP & Above, 31 - 100 HP, and Below 30 HP. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Autonomous Tractors Market is Projected to reach USD 4 Billion by 2029, at a CAGR of 20%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include KUBOTA Corporation, CNH Industrial N.V., Deere & Company, AGCO Corporation, Mahindra & Mahindra Limited (Mahindra Group), Kinze Manufacturing, Inc., Alamo Group Inc. (Dutch Power B.V.), Yanmar Holdings Co., Ltd., Trimble, Inc. and Autonomous Tractor Corporation.
By Crop Type
By Component
By Farm Application
By Power Output
By Country
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