Global Autonomous and Semi Autonomous Tractors Market is expected to reach US$11.50 Bn by 2026, at a CAGR of 25 % during a forecast period.
Global Autonomous and Semi-Autonomous Tractors Market by Geography
Autonomous and semi-autonomous tractors minimizes the human effort required in farm processes such as harvesting, seed sowing, fertilization, and scarifying. Semi-autonomous tractors slower human effort by assisting the driver in certain actions, while autonomous tractors are fully, driverless tractors, which completely replace the driver with numerous software and hardware components. Autonomous tractors are more precise and help in planting, sowing, harvesting, and performing other functions more precisely, which helps enhance yield with minimum loss. High cost of autonomous and semi-autonomous tractors is expected to be a key factor that is likely to hamper the market; moreover, they are anticipated to be profitable in the long-term, as they are anticipated to repay their cost by saving on labor charges.
The report segment of autonomous and semi-autonomous tractors market based on technology, driverless power output, driver-assisted power output, component, application, and region. In terms of technology, the autonomous and semi-autonomous tractors market is classified into driverless tractors and driver-assisted tractors. Based on driverless power output, the autonomous and semi-autonomous tractors market is categorized into below 30 HP, 31 HP to 100 HP, 101 HP and above. On the basis of driver-assisted power output, the autonomous and semi-autonomous tractors market is segregated into below 30 HP, 31 HP to 100 HP, 101 HP and above. In terms of component, the autonomous and semi-autonomous tractors market is categorized into GPS, radar, LiDAR, camera/vision systems, ultrasonic sensors, handheld devices. Based on application, the autonomous and semi-autonomous tractors market is classified into agriculture, harvesting, seed sowing, and irrigation. Region wise into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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