Market Insight
Global Agricultural Drones Market is predicted to reach USD 4.3 billion at a healthy 27% CAGR between 2020 – 2025, as per the recent Market Research Future (MRFR) analysis. Agricultural drone, simply put, is an unmanned aerial vehicle that farmers can use for increasing the production of crops and monitoring the growth of crops. These drones are equipped with digital imaging capabilities and advanced sensors that enable farmers to spectate the field through the bird’s eye view and eliminating issues like variations with soil, irrigation problems, fungal and pest infestations, and others.
Various factors are propelling the global agricultural drones market growth. According to the latest MRFR report, such factors include a growing population worldwide, a rise in venture funding to develop agriculture drones, growing funding for UAV manufacturers, improving precision and automation farming initiatives, and increasing awareness regarding benefits among farmers.
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On the contrary, air-traffic management of commercial drones, impact of the COVID-19 outbreak, and rising concerns about data security associated with the commercial and civil application of drones are factors that may limit the global agricultural drones market growth in the region.
Key Players
Key players profiled in the Global Agricultural Drones Market Report include Sentera, Inc. (US), Resson Aerospace Corporation (Canada), Precisionhawk (US), Effidence (France), DroneDeploy (US), Draganfly Innovations (Canada), Da-Jiang Innovations Science & Technology Corporation Ltd (China), Blue Sky Agro (India), Avular BV (Netherlands), AgEagle Aerial Systems, Inc. (US), Aeryon Labs (Canada), 3D Robotics (California), Yamaha Motor Company (Japan), Trimble Inc. (US), Parrot Drones (France), DJI (China), and Aero Vironment Inc. (US).
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global agricultural drones market based on system, component, and application.
By system, the agricultural drones market is segmented into navigation system, camera system, propulsion system, and controller system. Of these, the propulsion system will lead the market over the forecast period as this helps to boost the maneuverability of the drone that is needed for accurate monitoring of the yield.
By component, the global agricultural drones market is segmented into software and hardware. Of these, the hardware segment will dominate the market over the forecast period. Meanwhile, the software segment will grow at the highest CAGR over the forecast period.
By application, the Global Agricultural Drones Market is segmented into agricultural photography, livestock monitoring, crop spraying, variable rate application, crop scouting, and field mapping. Of these, the field mapping segment will have a major share in the market over the forecast period for increasing use of drones to attain precision farming. Meanwhile, the livestock monitoring application will grow at the highest CAGR over the forecast period.
Regional Analysis
Based on the region, the Global Agricultural Drones Market Report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Among these, Europe is predicted to dominate the market over the forecast period. Growing adoption of more accurate and efficient farming techniques and increasing awareness among farmers for attending agricultural shows for helping them understand the GPS devices installed in tractors for carrying out target crop treatments with accuracy and precision are adding to the global agricultural drones market growth in the region.
The global agricultural drones market in North America is predicted to have healthy growth over the forecast period. Growing adoption of innovative technologies in agriculture and smarter crop production decisions like which areas require less water and which more, which plants require more nutrients, and where to harvest are factors that are adding to the global agricultural drones market growth in the region.
The global agricultural drones’ market in the APAC region is predicted to grow at a fast pace over the forecast period. Rising investments in research and development to improve the use of agriculture drones, rising venture funding, and companies developing efficient and economical UAVs for broad application in the agriculture sector are factors that are adding to the global agricultural drones market in the region.
The global agricultural drones’ market in the RoW is predicted to have sound growth over the forecast period.
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