The global agriculture drone market in 2020 is estimated for more than US$ 1.3 Bn and expected to reach a value of US$ 10.5 Bn by 2028 with a significant CAGR of 35.6%
Global Agriculture Drone Market, is segmented on the basis of product type (Hardware and Software & Services), Hardware (Fixed Wing Drones, Rotary Blade Drones, Hybrid Drones), Software (Data Management Software, Imaging Software, Data Analytics Software, Others). On the basis of Component (Frames, Controller Systems, Propulsion Systems, Camera System, Navigation Systems, Global Positioning System (GPS), Geographic Information System (GIS), Batteries), By Application (Precision Agriculture, Livestock Monitoring, Precision Fish Farming, Smart Greenhouse), and by region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to gain traction over the forecast period between 2020 and 2028.
The global agriculture drone market in 2020 is estimated for more than US$ 1.3 Bn and expected to reach a value of US$ 10.5 Bn by 2028 with a significant CAGR of 35.6%
As per the report, advancement in technology and increasing focus of farmers towards field mapping in an easier way are some of the key factors which are expected to propel the growth of the agriculture drone market around the globe.
Presently, technology has shown its potential in every industry. It helps to reduce the workload and increase the efficiency in the required process. Constant progress in technology is improving processes and productivity in the agriculture industry.
Also, advancements in scientific chemistry, genetic research, robotics, and other technologies are the main factors that drive the development of technology related to the agriculture industry.
Furthermore, Meridian Market Consultants (MMC), drone technology is giving a high-tech makeover mainly in the agriculture industry. The drone can be used throughout the crop cycle like in soil and field analysis, planting, crop spraying, crop monitoring, irrigation, and crop health assessment. In the planting process, drones help to reduce the planting cost by 85%, which is very efficient for the farmers to get better results at a very low cost.
Also, the rapid increase in population growth rate and increasing urbanization around the globe are some of the other factors which are expected to boost the demand for drones in the agriculture sector. As per the report published at World Government Summit in 2018, it is expected that the population will grow by 33% to almost 10billion by the year 2050, which is expected to drive the demand for food up to 50% as compared to the data collected in the year 2013. Moreover, urbanization stimulates the betterment of infrastructure which also increases the demand for new technology to get a better outcome from the available resources.
MMC Study identifies some of the key participating players in the Agriculture Drone market globally are DJI, PrecisionHawk, Trimble Inc., Parrot Drones, 3DR, AeroVironment, Inc., Yamaha Motor Corp., DroneDeploy, AgEagle Aerial Systems, Inc., OPTiM Corp., senseFLY, Pix4D, Agribotix, Sentera Inc., ATMOS UAV, Delair, Nileworks Inc. and etc.
By Product Type
• Hardware
o Fixed Wing Drones
o Rotary Blade Drones
o Hybrid Drones
• Software and Services
o Data Management Software
o Imaging Software
o Data Analytics Software
o Others
By Component
• Frames
o Controller Systems
o Propulsion Systems
o Camera System
IR Cameras
Thermal Cameras
Lidar Cameras
Others
• Navigation Systems
o Global Positioning System (GPS)
o Geographic Information System (GIS)
• Batteries
• Others
By Application
• Precision Agriculture
o Field Mapping
Weed Detection
Plant Counting
Crop Health Monitoring
Harvest Season Monitoring
Others
o Variable Rate Application
o Crop Scouting
o Crop Spraying
o Others
• Livestock Monitoring
• Precision Fish Farming
• Smart Greenhouse
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa
About Meridian Market Consultants:
Meridian Market Consultants (MMC) is committed to provide deep insights that serve as creative tool for the client that enables it to perform confidently in the market. At MMC we adhere to the client needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with a strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.
