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Autonomous Tractors Market Trends

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

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Autonomous Tractors Market Trends

Collaboration between agricultural machinery manufacturers and technology companies fosters the integration of advanced sensors, AI & data analytics, elevating tractor capabilities. Such partnerships accelerate innovation, reduce development costs, and broaden market access. For instance, in March 2023, John Deere acquired SparkAI, a New York startup specializing in human-in-the-loop technology. This technology aids robots in real-time decision-making for handling complex scenarios.

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.