The global Agriculture Drones market is forecasted to be worth USD 9.63 Billion by 2027, according to a current analysis by Emergen Research. The rise in demand for unmanned aerial vehicles, mainly due to the advancement in technology. These drones are used to perform surveys on farms, and it is used to collect information, store for future purposes, and to combine and to use it for analysis. These drones are also applicable in maintaining the precision of the level of pesticides and insecticides used on the crops. They are also used to monitor the irrigation system and labor performance.
Certain factors such as a high level of awareness regarding agricultural drones, advancements in farming technology, and investments into venture funding, which boosts productivity. The growth in yield and initiative took by the government across the globe to support the market will foster the agricultural drones market.
However, lack of proper air traffic management and trained pilots are limiting the growth of the market. The Revolution of the farming industry, from traditional to digitalization, will augment the demand for software used to design as well as maintain drones, especially in developing nations like India and China.
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Key participants include Honeycomb Corporation, Parrot SA, Ageagle LLC, DJI Technology, AeroVironment Inc., Yamaha Motor Co. Ltd., Ursula Agriculture, Delair-Tech SAS, Trimble Navigation Limited, and PrecisionHawk, among others.
The rapid demand for food due to the growing population and technological advancement is driving the market.
Agriculture Drones Market Size – USD 873.9 Million in 2019, Market Growth - CAGR of 35.1%, Market trends – Initiatives taken by the government.
Component Outlook (Revenue, USD Billion; 2017-2027)
Hardware
Fixed Wing Drones
Rotary Blade Drones
Hybrid Drones
Software and Services
Data Management Software
Imaging Software
Data Analytics Software
Others
Integrant Outlook (Revenue, USD Billion; 2017-2027)
Propulsion System
Controller System
Camera System
Frames
Navigation System
Batteries
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Crop Scouting
Field Mapping
Livestock Monitoring
Smart Greenhouse
Crop Spraying
Others
Highlights of the TOC:
1. Report Overview
1.1 Research Scope
1.2 Key Agriculture Drones market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Agriculture Drones market size
2.2 Latest Agriculture Drones market trends
2.3 Key growth trends
3. Competitive Landscape
3.1 Global Agriculture Drones market key players
3.2 Global Agriculture Drones size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Agriculture Drones market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Key geographical areas:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Competitive Outlook:
The global Agriculture Drones market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Agriculture Drones market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Elucidating the competitive landscape of the Global Agriculture Drones Market:
The global Agriculture Drones market report offers viable insights into the competitive spectrum of the Agriculture Drones business sphere.
The report systematically profiles the company information of each market player.
It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
The study showcases the extensive product portfolios of the prominent market contenders.
It offers critical data & information about the product application scope and the end-user landscape.
The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.
Furthermore, the years considered for the study are as follows:
Historical year – 2016-2018
Base year – 2019
Forecast period – 2020 to 2027
The report objectives are:
To evaluate Agriculture Drones status, future forecast, growth opportunity, key market, and key players.
To present the Global Agriculture Drones development in the different regions of the world.
To strategically study and segment the key players and comprehensively analyze their development plan and strategies.
To define, describe, and forecast the market by product type, market, and key regions.
The navigation system is forecasted to grow with a CAGR of 35.1% as drones are equipped with advance GPS, high-imaging camera, and an autopilot system also offers ample aerial shots.
North America helps a significant share due to the exemption from the Federal Aviation Administration (FAA) under the part 107 rule, which will help support the adoption of these drones in the agricultural industry. The exemption will attract increased investment from the venture capitalist.
Read More: https://www.emergenresearch.com/industry-report/agriculture-drones-market
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