Agriculture Drones - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Agriculture Drones Market is accounted for $1.18 billion in 2019 and is expected to reach $9.28 billion by 2027 growing at a CAGR of 29.4% during the forecast period. Increasing funding for (UAV) manufacturers and growing awareness about benefits amongst farmers are the major factors propelling the market growth. However, scarcity of trained pilots is hampering the market growth.
Agricultural drone is an unmanned aerial means of transport, which can be used by farmers to raise crop manufacture and monitor crop expansion. This drone is equipped with advanced sensors and digital imaging ability, which allow farmers to spectator the field with a bird’s eye view and remove issues such as pest and fungal infestations, irrigation problems, variations within soil, and others.
Based on the offering, the software and services segment is estimated to have a lucrative growth due to high investments being done by the venture capitalists and investors in the start-up companies offering software and analytics to digitize the information collected by drones; the investments are mainly targeted at mapping, imaging, and data analytics software.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to constantly growing funds in R&D, to develop the adoption of agriculture drones. Furthermore, the rising venture funding, rendered to the UAV manufacturers in the region, has also contributed to the industry growth. Various companies in the region are developing economical and efficient UAVs for broader applications in the agriculture fields.
Some of the key players profiled in the Agriculture Drones Market include 3D Robotics Inc., Eagle UAV Services, Honey Comb Corp, Parrot SA, Precisionhawk, Sentera LLC, Trimble Navigation Limited, AeroVironment, AGCO Corp, AgEagle LLC, Agribotix LLC, AutoCopter Corp, Delair-Tech SAS, DJI and DroneDeploy.
• Beyond Line of Sight (BLOS)
• Extended Visual Line of Sight (EVLOS)
• Visual Line of Sight (VLOS)
• Camera Systems
• Controller Systems
• Navigation Systems
• Propulsion Systems
• Other Components
• Software and Services
Mode of Operations Covered:
• Fully-Autonomous Agriculture Drones
• Remotely Operated Agriculture Drones
• Semi-Autonomous Agriculture Drones
• Precision Agriculture
• Livestock Monitoring
• Precision Fish Farming
• Smart Greenhouse
• Precision Forestry
• Horticulture and Forestry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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