The global autonomous tractor market was valued at USD 507.61 million in 2018 and is projected to grow at a CAGR of 35.0% during the forecast period (2019-2024).The drivers identified in the market are increase in efficiency and farm productivity, increase in labour costs and better management of farm activities.The restraints identified in the market are huge capital investment, lack of awareness among farmers and unanticipated risks in a growing market.
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Scope of the Report
The autonomous tractor is mainly referred to as the driverless tractor which uses several components like GPS, sensors, laser diodes and other devices for all the agricultural tasks. They are either fully automated or semi-automated whereby the tractor is managed using a remote control from a distance.
Key Market Trends
Increase in Labour Costs is driving the market
The cost of farm labor has a direct relationship with the percentage of the total population of a country employed in agriculture, considering simple demand-supply economics. On an average, developing economies have larger percentages of population dependent on agriculture. However, the percentages have decreased over time. Farmers are increasingly adopting agricultural mechanization as a substitute to manual labor with a more cost-effective, easily available and more efficient means of agricultural operation.They are shifting towards autonomous tractors to save time and resources which in turn is increasing the farm productivity and per acre yield of crops.
Asia Pacific is the fastest growing market
The global autonomous tractor market is segmented by geography into North America,Europe, Asia Pacific,South America and Africa. Asia Pacific is considered as the fastest growing market because the companies located in Asia Pacific are launching new autonomous tractors in the market and thereby dominating the market with faster innovations and product launches.
Competitive Landscape
In the global autonomous tractor market, companies are not only competing based on equipment quality and promotion, but are also focused on strategic moves, in order to hold larger market shares. The major players in this market are into innovation and launching the new products globally. Since, the inception of the market is very recent, it is considered to be a consolidated market with a few players holding the majority of the shares in the market.
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Table of Contents
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Horse Power
5.1.1 Upto 30 HP
5.1.2 31 HP to 100 HP
5.1.3 Above 100 HP
5.2 Automation
5.2.1 Fully Automated
5.2.2 Semi-Automated
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 UK
5.3.2.3 Spain
5.3.2.4 France
5.3.2.5 Russia
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 AGCO
6.3.2 John Deere
6.3.3 Mahindra and Mahindra Ltd
6.3.4 Autonomous Tractor Corporation
6.3.5 CNH Industrial
6.3.6 Kubota Corporation
6.3.7 Dutch Power Company
6.3.8 Yanmar Co., Ltd.
6.3.9 Trimble Inc.
6.3.10 Kinze Manufacturing, Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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They have finer lines and spaces (300, and higher connection pad density (>20 pads/cm2) than employed in conventional PCB technology.
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The world's largest enterprises are mainly concentrated in China.
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Priority Software, Assist Cornerstone, FreshBooks, Epicor, Tally Solutions Private Limited, yonyou (Hong Kong) co., Ltd., Infor, Unit4, Workday, and few others.
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The region consists of the established key players who are technically developed.
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Market size by End User
Rest of Central & South America
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Latest Research Report on “Sports Medicine Products Market” Added by Analytical Research Cognizance which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), & Consumption Analysis
This report studies the global market size of Sports Medicine Products Market in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Sports Medicine Products in these regions.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Market size by End User
Vcsel market growth 2021-2027New Study Reports " Vcsel market growth 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027" has been Added on MarketResearchFuture.Report OverviewThe report on the Vcsel market growth provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding.
Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.Market DynamicsFactors affecting the Vcsel market growth have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects.
Back in 2018, the market was valued at USD 1.65 Billion.Top Impacting FactorsIn the MRFR study, the growing demand for laser-based hard disc drives does act as a driver to the market.
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