Agricultural Drone Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
Agricultural Drone Market: Overview and Definition
The agriculture drones market is expected to grow USD 8.7 billion by 2032, at a CAGR of 32.5% during the forecast period 2022-2032. Agricultural drones are being used in a variety of agricultural applications such as soil & field analysis, planting, crop spraying, crop monitoring, irrigation, and health assessment. Drones these days can allow farmers, and the drone pilots to increase efficiency in certain aspects of the farming process. From crop monitoring to planting, livestock management, crop spraying, irrigation mapping, and more, drones are becoming an essential part of modern agriculture.
Market Drivers & Restraints
Drones are used in various fields ranging from the military, humanitarian relief, disaster management to agriculture, out of which, the agricultural application is expected to thrive at a remarkable pace in upcoming years. The world is facing food security challenges, more than 815 million people are chronically hungry around the world. In order to tackle this challenge, farming communities and others involved in agriculture are adopting modern agriculture methods such as precision farming and others. This rapid adoption of modern agriculture has boosted the demand for advanced agricultural technologies such as agricultural robots, agriculture drones, and others.
Rapid commercialization of agriculture is a key factor which is encouraging the adoption of advanced technologies in agriculture. agronomists, agricultural engineers, and farmers are adopting agricultural drones to gain more efficient crop insights and to plan and manage their operations more accurately. Since the early introduction of drones in agriculture, drones have come a long way and are offering remarkable aid to the farmers.
Drones are continuously proving their capabilities in agricultural applications, even in those applications which were very tough to be done by traditional methods such as spraying taller crops, access to difficult terrain, spraying under or around power lines pylons and others. Apart from this, the hype of digital agriculture is also growing at an unprecedented rate across each region. This digital revolution in agriculture will allow a step-change in the optimum adoption of agricultural techs such as drones in the coming years. Factors such as growing population and rapidly shrinking arable land area are also encouraging the adoption of new tools which can unlock multiple benefits for the farmer.
The research offers a comprehensive analysis of Agricultural Drone Market with respect to following sub-markets:
- - - Fixed Wing
- - - Hybrid
- - - Rotary Blade
- - - Others
- - - Imaging
- - - Data Management
- - - Data Analytics
- - - Others
- Field Mapping
- - - Weed Detection
- - - Crop Health Monitoring
- - - Others
- Variable Rate Application
- Crop Scouting
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major and niche market players such as;
- DJI Innovation
- Aerovironment, Inc.
- Trimble Navigation Ltd.
- Parrot SA
- Honeycomb Corporation
- Agribotix, LLC
- Skycision, Inc.
- Raptor Maps
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in agricultural drone market.
Timeline Considered for Analysis:
- 2018- Base Year
- 2019 – Estimated Year
- 2020 to 2024 – Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global agricultural drone market by the following segments:
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization is in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Agricultural Drone Industry Report:
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e., 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?