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Autonomous Tractors Market Analysis

Report ID: GMI6657
Published Date: Sep 2023
Report Format: PDF

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Autonomous Tractors Market Analysis

Autonomous Tractor Market Size, By Technology,

The autonomous tractors market from sensor-based segment dominated around USD 700 million revenue in 2022, due to rising autonomy kit deployments. These kits, which often include advanced sensors such as LiDAR, radar & cameras, enable traditional tractors to become autonomous. For instance, in March 2023, Ouster, Inc., a prominent supplier of high-performance LiDAR sensors, and Fieldin, a leading AgTech firm specializing in smart farming solutions & autonomous technology, jointly revealed the most extensive retrofit autonomy kit deployment ever seen in the agricultural sector. Consequently, the synergy between autonomy kits and sensors propels the advancement of autonomous tractor technology.

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The semi-autonomous segment held over 67.10% of the autonomous tractor market share in 2022. The detection of obstacles based on both geometric and non-geometric properties is a significant factor driving semi-autonomous automation in the market. By combining geometric data from sensors such as LiDAR & radar with non-geometric data from cameras and AI algorithms, tractors can accurately perceive and respond to their surroundings. This advanced obstacle detection capability enhances safety and allows tractors to navigate complex & dynamic environments, thus increasing their autonomy and usability, which in turn, boosts product adoption and effectiveness in various agricultural applications.

U.S. Autonomous Tractor Market Size,

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North America autonomous tractors market accounted for 25% of revenue share in 2022 and will cross USD 2 billion in 2032. Exclusive research and development initiatives, coupled with innovative technology, are propelling the market demand. Leading manufacturers in the region invest heavily in research & development to develop cutting-edge autonomous systems. Advanced technologies, such as AI-driven precision farming, sensor fusion, and real-time data analytics, are also integrated into these tractors. This commitment to innovation enhances tractor capabilities, improves productivity, and addresses labor challenges, reinforcing North America's position as a hub for autonomous tractor adoption & development.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of autonomous tractors reached USD 1.5 billion in 2022 and is set to witness 18% CAGR between 2023 and 2032, owing to the increasing subsidies & government initiatives for the adoption of autonomous agricultural machinery.

The sensor-based segment held was valued at over USD 700 million in 2022, backed by the deployment of autonomy kits in autonomous tractors.

North America market share was over 25% in 2022 and will be valued at over USD 2 billion by 2032, on account of exclusive R&D initiatives, coupled with innovative technology.

Scania, Daimler Cars, TuSimple, Inc., Hino Carss, Waymo (Alphabet Inc.), Tesla, AB Volvo, PACCAR Inc., Navistar, Inc., Embark Carss, Inc., PlusAI, Inc., and Kodiak Robotics.