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Global Tractor Telematics Market 2018-2022 | Increasing Developments in Autonomous Tractors to Drive Growth | Technavio

November 19, 2018

LONDON--(BUSINESS WIRE)--Nov 19, 2018--The global tractor telematics market is expected to post a CAGR of nearly 9% during the period 2018-2022, according to the latest market research report by .

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Technavio has released a new market research report on the global tractor telematics market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increased utility offered by telematics. Telematics is a technology that deals with the transmission of information over long distances such as details about the vehicle’s position and onboard diagnostics of the vehicle. Tractors equipped with telematics technology possess important utilitarian features that allow the tractor owners and manufacturers to develop better and sophisticated future models of tractors.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increasing developments in autonomous tractors as one of the key emerging trends in the global tractor telematics market:

Global tractor telematics market: Increasing developments in autonomous tractors

The increasing developments in autonomous driving technology have led to increased adoption within the automotive industry. In 2017, the trend of adopting electronics to mimic certain drivers’ actions was witnessed in tractors. Autonomous technology within a tractor utilizes inputs from tractor telematics to guide the vehicle based on the farming activity undertaken. Crucial information related to vehicle diagnostics allows the autonomous system to undertake the most favorable drive mode.

“In countries such as the US, a large portion of tractors sold are equipped with an auto-steering system that controls the vehicle’s steering even though lowly lit conditions. Farmers in the US have accepted self-driving technology within tractors and have been receptive to the autonomous driving features. These tractors reduce the farmers efforts in maintaining, harvesting, and planting crops,” says a senior analyst at Technavio for research on automotive components.

Global tractor telematics market: Segmentation analysis

This market research report segments the global tractor telematics market by geographical regions (APAC, EMEA, and the Americas).

EMEA led the market in 2017 with a market share of nearly 53%. This region is expected to dominate the market through 2022, however, there will be a decrease of nearly 2% in its market share. The Americas, on the other hand, will witness the highest incremental growth over the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005242/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY TELECOMMUNICATIONS MOBILE/WIRELESS NATURAL RESOURCES AGRICULTURE AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/19/2018 08:43 AM/DISC: 11/19/2018 08:43 AM

http://www.businesswire.com/news/home/20181119005242/en

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