Agriculture & Forestry Industry Market News

Agricultural drones market estimated to be growing at a CAGR of 29.15% according to new research report

Agricultural drones market estimated to be growing at a CAGR of 29.15% according to new research report

Global Agricultural Drones Market was worth USD 0.86 billion in 2016 and estimated to be growing at a CAGR of 29.15% to reach USD 3.1 billion by 2021.

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Agricultural drones use an automated process to make farming more productive and they are about to be the brink of becoming the new workhorses on farms. Drones provide better, more flexible visualization.

With the focus on productivity in agriculture spiraling upward in the farming sector, drones could be the answer to improved automation and precise control of farm monitoring and operations.

Robots are beginning to transform the way the agriculture sector functions and the advent of agricultural drones could take that change to a whole new level.

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Globally, farmers are adapting to drone availability, using aerial cameras to visualize plants. Video, specialized video, targeted video, and agricultural spraying systems are offered.

Agricultural Drones use Technology for Spraying, Mapping, Pest Control, Seeding, Remote Sensing, and Precision Agriculture.

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The market is primarily driven by the increasing adoption of drones for crop spraying application resulting in an increase in the yield and reducing the wastage in spraying fertilizers & pesticides. farmers are increasingly implementing this technology, in farming, to gain better productivity and to increase the efficiency in usage of water, land, and fertilizers.

Moreover, the technological advancements, including sensors, better materials, and imaging capabilities, are also expected to drive the agricultural sector. However, lack of awareness and a limited number of skilled professionals are restraining the growth of the market.

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The Global Agricultural Drones Market is segmented by product, application and region. In term of product, agriculture drone market classified into the Hardware and Software.

Hardware segment consists of fixed wing, rotary blade and hybrid whereas, the software segment consists of data management, imaging software and data analysis. Based on application, global agriculture drone market is segmented into field mapping, variable rate application, crop scouting, crop spraying, livestock, agriculture photography and others.

Hardware accounted for the majority of agricultural drone market share in 2016, owing to high-cost components such as fixed wing, rotary blade and hybrid UAVs. Hybrid UAVs will witness growth in the forecast period since they can perform long distance tasks along with hovering the agricultural fields.

Field mapping applications dominated the global agricultural drones market size. Benefits such as increasing yield by analyzing and monitoring the crops are expected to support the segment growth over the forecast timeline.

Crop scouting is expected to witness significant growth owing to its accuracy of fertilizer spraying.

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Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle -East and Africa. North America Agricultural drones market size was over 30% of the global revenue in 2016.

Rising trend of implementation of UAVs for enhanced productivity and increasing awareness of precision agriculture for crop scouting and field mapping is expected to drive the industry growth in this region. APAC agricultural drones market will benefit from growing adoption and technological developments.

Companies are investing in the region to develop low cost and effective UAVs for numerous applications in the agricultural sector.

Some of the major key players in the market are Trimble Navigation Ltd., DJI Technology, 3D Robotics, PrecisionHawk, AeroVironment, Inc., Parrot SA and DroneDeploy.

 

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