Agriculture Drones Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Agriculture Drones Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : January, 2020 | Semiconductor & Electronics | PPT format

Report Digest

Global Agriculture Drones Market: Overview 

The global market for agricultural drones is likely to gain impetus in the forthcoming years. New entrants will mark the vendor landscape of the global agriculture drone market. These new entries will bring advanced technology and more innovation along with them and propel agriculture drones market towards further growth and prosperity, notes Transparency Market Research in its recent study on agriculture drones. 

Unmanned aerial vehicle, better known as drones, is the aircraft can be maneuvered without the assistance of any human pilot. It has come into existence quite some time ago and is utilized in various industries, such as agriculture, military, mining, and construction. The agricultural usages of drones have gained substantial traction in recent times. It is after the world started experiencing population explosion that led towards the rising need for food. However, use of drones for agriculture with acute precision has been since the 1990s in some parts of North America, Europe, and Asia-pacific. These drones were widely utilized for the purpose of spraying crops, pesticides in the farm area and are still being utilized in the same way for the same purpose in many parts of the world. The agriculture drone market is, as such, the considered most lucrative market that is projected to metamorphose the way of farming. 

The global market for agriculture drones has been segmented based on offering, application, component, and region. Agriculture drones for software and services is expected to rise at ahigher CAGR over the period of forecast. This growth is mainly due to substantial funding done by the investors and venture capitalists in the start-up companies, which are offering analytics and software to digitize the information gathered by drones. These investments are primarily meant for data analytics, imaging, and mapping software. 

Global Agriculture Drones Market: Notable Developments 

Some of notable developments pertaining to the competitive landscape of this market are: 

  • In April 2019, France-based Parrot Drones revealed ANAFI Thermal. It is an all-in-one drone-based thermography solution with proven outstanding performance and reliability. 
  • In March 2019, China based DJI launched DJI Terra, which is a new software tool that converts data collected by drone into digital maps and 3D models for easy analysis and decision-making.
  • In March 2019, AgEagle Aerial Systems, Inc. , based out of the U.S, launched ParkView. It is a proprietary data analytics and aerial imagery platform, which is particularly designed for supporting and assessing sustainability initiatives involving recreation, state, federal public parks, and municipal areas. 
  • Leading players of the global agriculture drones market comprise Ideaforge India Private Ltd, Delair Technologies Inc., Yamaha Corporation, Honeycomb Corporation, Ag Eagle Aerial Systems, and Precision Hawk. Prominent players in the global agriculture drones market are entering into collaborations with software providers and small players are trying to bring advanced yet easy-to-use drone packages. 

Global Agriculture Drones Market: Growth Drivers 

  • Increasing Awareness about Huge Benefits of Drones 

Prominent factors that would lead to the progress of agriculture drones market are need to better agricultural output, government support to make use of latest technologies in agriculture and improved awareness about precision farming. Drones are able to generate precise data, which can be useful for farmers to supervise crop health, diminish the effect of climate change, and effectively locate weed. The drones are also useful in uniform spraying of pesticide and crops for better yield.  

  • Advancement in Technology to Usher in Further Market Growth 

The growing numbers of low-cost, innovative, and technologically advanced products in the global agriculture drones market are also contributing towards lucrative growth prospects of the market. Speedy research and development activities in the stream of robotics in Asia Pacific is expected result in the promising development of the global agriculture drone market. 

Global Agriculture Drones Market: Regional Outlook 

On the basis of region, the global agriculture drones market has been divided into North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. North America is projected to occupy the lion’s share of the global agriculture drones market over the period of forecast. Such growth is due to the exemption from Federal Aviation Administration (FAA) under the part 107 rule, which leads to increased adoption of drones in the agricultural sector. 

The global agriculture drones market is segmented as:  

On the basis of offering

  • Hardware and Software
  • Services

On the basis of application

  • Precision Farming
  • Livestock Monitoring
  • Precision Fish Farming
  • Smart Greenhouse 

On the basis of components

  • Frames
  • Controller Systems
  • Propulsion Systems
  • Camera Systems
  • Navigation Systems
  • Batteries
  • Others

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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