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.
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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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
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
Application Outlook (Revenue, USD Billion; 2017-2027)
Crop Scouting
Field Mapping
Livestock Monitoring
Smart Greenhouse
Crop Spraying
Others
Key geographical areas:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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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.
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.
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Agriculture Drones market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Agriculture Drones market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Read More: https://www.emergenresearch.com/industry-report/agriculture-drones-market
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