The “Autonomous Tractors Market – By Component (GPS, Sensor, Vision System, and Others), By Application (Harvesting, Tillage, Irrigation, Seed Sowing, Fertilizing, and Spraying), and By Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.
The global autonomous tractors market garnered earnings worth approximately 1,948.2 (USD Million) in 2019 and is set to record a CAGR of about 23.8% over the period from 2020 to 2026. The report offers assessment and analysis of the autonomous tractors market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).
Autonomous tractor is a driverless farm vehicle that provides massive effort at reduced velocities for tillage purpose along with other farming activities. It is considered to be autonomous as it functions without the aid of human and is automated or self-driven.
Furthermore, these tractors are light-weighted and have the ability to perform tasks for twenty-four hours. These vehicles are also termed as robotic tractors and are utilized in farming lands. Additionally, these tractors provide unique and outstanding farming experience to farmers.
Need for operational efficiency as well as high crop yield has resulted in massive demand for autonomous tractors in the recent years. In addition to this, growing government aid to accept new technologies are likely to boost the popularity of autonomous tractors over the years to come. Apart from this, these products assist the farmers in gaining vital information pertaining to soil conditions, crop output, rate of fuel usage, and others. All these aforementioned factors are likely to drag the growth curve of the industry in