Global Driverless Tractors Market is estimated to grow at a phenomenal CAGR over the forecast period (2017 to 2022); according to a report available on Radiant Insights, Inc.

February 02 20:45 2018
Radiant Insights has announced the addition of “Global Driverless Tractors Market is estimated to grow at a phenomenal CAGR over the forecast period (2017 to 2022)” Market Research Report to their Database.

Driverless tractors based on advanced technology are an initiative to promote automation in farming and agriculture. Such tractors are equipped with sensors, cameras, and GPS technology to perform various time-consuming tasks in farming.

Rising costs of farm labor coupled with high demand for grains and vegetables can stimulate market growth. Increasing adoption of autonomous machines in farming to perform time-consuming tasks is expectedto propel growth of the market. Growing necessity to increase output can drive farmers to adopt self-driven machines in the coming years. Continuous progress in self-driving technology is likely to further impel growth of the market in the coming years. Ability of driverless tractors to avoid obstacles such as animals, objects, and people in the field can foster market growth.

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To cater to rising demand, most manufacturing companies are adopting automated technologies to design well-equipped autonomous tractors for farmers. For instance, Mahindra & Mahindra Ltd. recently unveiled its very first driverless tractor developed at the Mahindra research valley in India. With this innovation, the company is aiming to increase productivity in farming by improving the quality and quantity of crops. The tractor is equipped with state-of-art-technology and offers unique features such as auto steer, auto implement lift, and auto headland turn. In terms of safety, the machine is likely to feature geofence lock, control via tablet user interface, and remote engine start stop.

Collaboration of information technology and robotic machines is one of the major challenges that can hinder growth of the market for autonomous tractors in the coming years. Driverless tractors are incorporated with components that allow them to move autonomously on a specific path. All the moments and operations can be controlled via remote controls. However, the incorporation of artificial intelligence and advanced information technology to control automated operations can be a challenge for manufacturers in the driverless tractors.

Growing adoption of automated tractors to perform various time-consuming tasks and enhance quality with quantity of crops is predicted to create lucrative opportunities for manufacturers. In addition, multiple benefits offered by autonomous tractors such as increased productivity, reliability, and efficiency in farming can develop more opportunities for companies involved.

The driverless tractors market can be segregated on the basis of product, application, and region. Based on product, the market can be divided into sensors system autonomous tractors, radar system autonomous tractors, and GPS system autonomous tractors. Based on application, the market can be split into agriculture, forestry, and other.

Regional segmentation includes North America, China, Europe, India, Japan, and Southeast Asia. In North America, the market is likely to grow in the coming years owing to rising demand for highest level of efficiency in farming through advanced technologies.

In Europe, the driverless tractors market is anticipated to witness strong growth owing to increasing adoption of advanced technology in farming applications. In addition, growing necessity to reduce manual labor and enhance productivity can spur market growth in the next few years.

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In India, Japan, and China, the market for driverless tractors is expected to widen in the next few years owing to shifting trend towards advanced machines in farming.

In Southeast Asia, the driverless tractors market is estimated to depict significant growth owing to high demand for advanced technologies in farming.

Some of the leading companies operating in the driverless tractors market include John Deere, Autonomous Tractor Corporation, AGCO, CNH Global, and Kubota.

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