The driverless tractors market is expected to witness market growth at a rate of 24.44% in the forecast period of 2021 to 2028. Data Bridge Market Research report on driverless tractors market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of product in various industries globally is escalating the growth of driverless tractors market.
A driverless tractor refers to a kind of autonomous technology that is deployed in farming to make efficient usage of the food resources and higher crop yield. Driverless tractors are known to enhance the profit of the farmers and decline he prices for the consumers. They make sustainable/organic farming a tempting alternative for both farmer and consumer.
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The growth in trend of mechanization in the agricultural industry across the globe acts as one of the major factors driving the growth of driverless tractors market. The increase in favorable government initiatives for adoption of modern agricultural techniques, and introduction of autonomous tractors by leading market players in developing countries accelerate the market growth. The improved efficiency and productivity through improved crop yields and increase in average age of farmers in developed countries further influence the market. Additionally, emergence of industry 4.0, ease in business processes, expansion of end use industry and rise in digitization positively affect the driverless tractors market. Furthermore, integration of smartphones with agricultural hardware and software applications for autonomous tractors extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high initial capital investment and smaller land holdings in developing economies are expected to obstruct the market growth. Lack of data management practices in agriculture and lack of technical knowledge among farmers are projected to challenge the driverless tractors market in the forecast period of 2021-2028.
Global Driverless Tractors Market, By Component (Sensor, GPS, Vision System, Others), Power Output (>30 HP, 31 to 80 HP, >80 HP), Technology (Fully Autonomous Tractors, Supervised Autonomous Tractors, Operator Assisted Autonomous Tractors), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Application (Tillage, Harvesting, Irrigation, Seed Sowing, Spraying and Fertilizing), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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