Autonomous Tractors Market to Expand at 24% CAGR, Reaching $13 Billion

Published September 18, 2023

The global autonomous tractors market is currently valued at US$ 1.5 billion as of 2023. It is expected that the market’s total value will surge to US$ 13 billion by the year 2033, exhibiting an impressive compound annual growth rate (CAGR) of 24% during the period from 2023 to 2033.

Autonomous tractors represent self-driving farming equipment employing advanced technologies to enhance efficiency and reduce the need for human intervention. These tractors autonomously control steering, braking, speed, and navigation through a range of systems, including lasers, global positioning systems (GPS), and cameras.

Get Free Sample Copy of This Report-

The agricultural sector has been witnessing a transformative revolution in recent years, with the integration of autonomous tractors at the forefront of this change. Autonomous tractors are vehicles equipped with advanced technology and artificial intelligence systems that enable them to operate without human intervention. These cutting-edge machines have the potential to revolutionize farming practices by improving efficiency, reducing labor costs, and optimizing crop yields. In this overview, we delve into the dynamics, demand and supply trends, and the value chain of the autonomous tractors market.

Autonomous Tractors Market Dynamics

Technological advancements have been instrumental in the development of autonomous tractors, leveraging technologies like GPS, sensors, and computer vision. These innovations enable precise navigation, real-time data collection, and autonomous decision-making, ultimately enhancing farming efficiency. Autonomous tractors address labor shortages prevalent in many regions, reducing dependence on manual labor and ensuring uninterrupted farming operations. They play a crucial role in precision agriculture, facilitating precise crop management. Additionally, these machines offer substantial cost savings by working continuously and optimizing fuel consumption. Furthermore, autonomous tractors contribute to environmental sustainability by enabling precise and efficient resource utilization.

Key Companies Profiled In This Report

  • Mahindra & Mahindra Ltd
  • KINZE Manufacturing, Inc
  • Kubota Corporation
  • AGCO Corporation
  • Deere & Company
  • Iseki & Co., Ltd
  • Bobcat Company
  • CNH Industrial NV

In 2022, North America asserted its dominance in the global autonomous tractors market, capturing a substantial 38% market share. The region’s supremacy can be attributed to several factors, including the increased disposable income of farmers, a shortage of skilled agricultural labor, and the rapid adoption of advanced technologies.

Within North America, the United States stands out as the market leader. The government’s support for sustainable production practices, notably precision farming that incorporates machine learning (ML), artificial intelligence (AI), and the Internet of Things (IoT), has been a driving force behind the increased demand for automated agricultural technologies. Consequently, the United States market is witnessing significant expansion.

As the agricultural sector in the United States makes the transition to smart farming practices, major heavy equipment manufacturers like AGCO, Deere & Co, among others, are placing a strong emphasis on the development of autonomous electric tractors. A prime example of this is Foxconn, which commenced the production of autonomous electric tractors at a factory in Ohio on August 10, 2022.

Autonomous Tractors Market Demand & Supply Trends

The adoption of autonomous tractors is steadily increasing as farmers recognize their potential to enhance productivity and profitability. These self-driving machines are finding applications on both large-scale commercial farms and smaller operations, offering versatility in tasks like plowing, planting, seeding, and harvesting across various crops. Key players in the agricultural equipment industry are forming collaborations and partnerships with technology firms to advance autonomous tractor development. Furthermore, the trend towards customization allows farmers to tailor these machines to meet their specific needs. Emerging markets are also embracing autonomous tractors, fostering agricultural modernization and improved food production.

Competitive Landscape and Innovations

Leading players in the autonomous tractors market are implementing a range of strategies, including collaborations, acquisitions, investments, research and development (R&D) initiatives, and novel advancements to both sustain and expand their global presence. Additionally, numerous startups operating in this global arena are dedicating their efforts to the development of electric autonomous tractors.

One such startup, Monarch, based in the United States, specializes in the production of AI-powered electric autonomous tractors. The company is actively engaged in the design and creation of self-driving electric tractors tailored for agricultural use. These tractors are equipped with an extensive array of cameras and sensors, enabling precise crop mapping and real-time alerts. Furthermore, the vehicles feature advanced AI-driven situational awareness, swappable battery systems, and enhanced slope stability.

In a significant move, Deere & Company acquired Bear Flag Robotics for a substantial sum of US$ 250 million in August 2022. This strategic acquisition is expected to expedite the development and deployment of automated farming equipment. It will also bolster John Deere’s long-term objective of creating innovative tractors equipped with advanced technologies to cater to unique customer requirements.

In April 2022, Mahindra & Mahindra and Kubota joined forces in Japan to collaborate on providing products, services, and solutions that meet the evolving needs of their customers through resource sharing. The partnership encompasses the expansion of their existing portfolio of jointly manufactured agricultural equipment, with a specific focus on tractors, combine harvesters, rice transplanters, and various supporting equipment.

Deere & Company made a noteworthy announcement in January 2022, unveiling a fully autonomous tractor designed for large-scale farming operations.

Similarly, in January 2022, Massey Ferguson introduced “The MF NEXT,” an innovative concept tractor. This groundbreaking vehicle incorporates Massey Ferguson’s legacy and seeks to make tractor technology more user-friendly, accessible, and cost-effective.

Get Customization on this Report for Specific Research Solutions –

The autonomous tractors market is poised for significant growth as technological advancements, labor shortages, and the need for sustainable farming practices drive adoption. These machines offer cost savings, enhance precision agriculture, and address the evolving demands of modern farming. Understanding the value chain of the autonomous tractors market is essential for all stakeholders to harness the full potential of this transformative technology in agriculture.

About Fact.MR:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we delivers deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empowers businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.


US Sales Office

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

Tel: +1 (628) 251-1583, +353-1-4434-232

Email: [email protected]

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected].


Xherald is passionate about offering extensive coverage of global business news. Dedicated to creating every participant's notification, it reaches its own reader. Daily our experts offer fresh relevant information regarding what is actually occurring in Markets as well as Business. Our headlines are actually swiftly paced and extensive. Our distributor directory connects you with brand new products or services and its market situation from the most effective companies around the planet. Xherald is driven by its 500+ contributors coming from around the world. Xherald provides local as well as global market intelligence information coverage in sectors ranging from healthcare, IOT, chemicals and 17 more sectors. Our updates are quickly paced and detailed. The news we present is actually a mix of authentic content, community contributions and curated headlines announcements. All of the updates our company supplies must pass a strict criterion of genuineness, relevance and significance to our readers.