The increasing support from the government towards technological advancement, growing awareness about precision farming, and the demand to enhance crop yielding are the most effective factors that are booming the agricultural drones market. Owing to these factors, the global agricultural drones market was valued to be $9.8 billion in 2018. The demand for agricultural drones will rise at a healthy compound annual growth rate (CAGR) of 8.20% during the forecast period of 2019 to 2025, according to a market intelligence report by IndustryARC’s analyst.
The report is titled “Agricultural Drones Market: By Type (Fixed Wings, Rotary Wings, Hybrid Wings and Software type); By Components (Flight Controllers, Propulsion Systems, Camera System, Batteries and GPS); By Battery Life ( 30 Min, 30-60 Min, 60-100 Min and 100 Min); By Applications (Crop Analysis, Field Mapping, Agricultural Photography); By Geography – Forecast (2019 - 2025).” The report also states that drones are capable of collecting data which makes it easier to assess the requirement of water during the cultivation stage in farming.
Global Agricultural Drones Market: Leading Segments
North America accords for the largest dominance in the global agricultural drones market with the regional market share of 43% in 2018. The countries in North America are constantly investing ample money for R&D in order to enhance the adoption of agriculture drones. Furthermore, the United States has also increased its venture funding and has started to contribute towards industrial development. They are also spending money to render the UAV manufacturers in the region. In the agricultural field, many companies are also spending to develop efficient and economical UAV’s applications in order to boost the farm efficiency.
According to the application analysis in the report, the key application segment is found to be crop scouting. Crop scouting is prevalently used as it helps in identifying the variability of the crop in the global agriculture market. The application is expected to grow at a healthy CAGR of 8.70% through to 2025.
Global Agricultural Drones Market: Market Trends and Growth Drivers
· DJI Technology
With the usage of DJI technology, the farmers are now being able to evaluate their crops at a specified scale and simultaneously create crop maps that eventually help them to manage crops and save time.
· 3D Robotics
The agricultural drones have made the life of the farmers relatively easier. The 3D robotics used in agricultural drones provides them with advanced sensors and imaging features which give them new ways to yield their crops and reduce the crop damage. For instance, Kunde’s drones fly across the farms and control the camera for better pictures that can be optimized later to acquire more insights about the crops.
· Artificial Technology and Machine Learning
Agriculture sector is now a part of the fourth industrial revolution. Artificial intelligence and machine learning will reap more revenues in the agricultural drones market. They help the farmers in continually tweaking the crops to boost yields. It also helps the farmers in forecasting the year ahead about the weather conditions, and subsequently take proactive actions in order to reduce the crop losses.
· IoT on Individual Farms
Farmers use IoT for customized recommendations. It has been developed for end-to-end IoT drones that increase the productivity and profitability of farms. IoT drones also leverage the algorithm of wind patterns. This has created huge demand for agricultural drones in the market.
Global Agricultural Drones Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global agricultural drones market are AeroVironment, Inc., 3D Robotics, SZ DJI Technology Co., Ltd., Aeronavics Ltd, Delair, PrecisionHawk, ZEROTECH, Microdrones, and Ascending technologies (Intel).
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Small Drones Market
What can you expect from the report?
The agricultural drones market report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in the agricultural drones market segment?
Answer: Yes, we do have separate reports as mentioned below:
1. Iran Agricultural Drone Market
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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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