The global agriculturedrone market sizeis projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14%during the forecast period. Emergence of startups specializing in developingunmanned aerial vehicles (UAVs) for agriculture will significantly enhance thepotential of the market. Fortune Business Insights™ shares this observation inits report, titled “Agriculture DroneMarket Size, Share & Industry Analysis, By Type (Fixed Wing, Rotary Wing,and Hybrid), By Components (Hardware [Frames, Control Systems, PropulsionSystem, Navigation System, Payload, Avionics, Others] and Software [ImagingSoftware, Data Management Software, Data Analytics Software, Others]), ByApplication (Field Mapping & Monitoring, Crop Spraying, Crop Scouting,Variable Rate Application, Livestock Monitoring, Others), and RegionalForecast, 2020-2027”. Agriculture drones have proved to be immenselysuccessful in raising farm yields around the globe. Given the lucrativeopportunities, several startups have cropped up in this domain, developing UAVsolutions tackling the different aspects of farming operations. For example,Gamaya, a Swiss startup, is focused on boosting productivity and scalability ofsmall farms by using advanced mapping and diagnostic systems, enabling farmersto efficiently manage their farms. Another example is HummingBird Technologies,a UK-based startup, which develops drones with customized sensors with machinelearning algorithms and computer vision to gather accurate data and imagery toaid precision farming. Advancements made by these and many more such startupsworldwide will create fertile ground for the growth of this market.
Browse Summary of This Research:
https://www.fortunebusinessinsights.com/agriculture-drones-market-102589
