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 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 Highlights From The Report
In June 2020, the Indian Agricultural Department announced its plan for the deployment of drones in the areas of Rajasthan, India, as well asin the areas of the monsoon period for the anti-locust operations. The locustattack leads to massive crop destruction.
The hardware segment held a significant market share of 52.8% in the year 2019. On June 5, 2019, Amazon announced the release of its latest hybrid drone, which uses a combination of depth cameras, thermal cameras, and sonar to detect any hazards.
The smart greenhouse segment uses agricultural drones for safe inspection of structural components. Farmers use live video feed so that they can safely inspect the structural systems from the ground.
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.
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.
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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
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1.Methodology & Sources
1.1. Agriculture Drones Market Definition
1.2. Agriculture Drones Market Research Scope
1.3. Agriculture Drones Market Methodology
1.4. Agriculture Drones Market Research Sources
1.4.1.Primary
1.4.2.Secondary
1.4.3.Paid Sources
1.5. Agriculture Drones Market Estimation Technique
Chapter 2.Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Agriculture Drones Market Segmentation& Impact Analysis
Continued…
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