According to the new market research report “Agriculture Drone Service Market By Product (Fixed Wing, Rotary Blade, Hybrids) Software (Data Management, Imaging, Data Analytics) Application (Field Mapping, Variable Rate Application, Crop Scouting, Livestock, Agriculture Photography) Global Forecast To 2023”, Global Agriculture Drone Market is estimated to grow up from USD 864.4 Million in 2016 to USD 4,209.2 Million by 2023, at a CAGR of 31.19%. The major factors driving this market are field mapping, variable rate application and crop scouting which helps the farmers and agronomists decide the appropriate amount of fertilizers to be sprayed on the crops in a field.
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The Global Agriculture Drone Market is estimated to grow up from USD 864.4 Million in 2016 to USD 4,209.2 Million by 2023, at a CAGR of 31.19% .
Based on the products, Agriculture Drone Market is segmented into fixed wing, rotary blade, and hybrid. The fixed-wing UAVs are expected to guide the industry over the forecast period, owing to their ability to carry heavy loads and cover long distances.
The hybrid UAVs are estimated to grow significantly owing to the capability of crossing long distances.
The growth of the (NVDI) with regard to crop scouting is also required to contribute to the industry over the forecast period. The application section is categorized into field mapping, variable rate application, crop scouting, and others.
The field mapping application segment dominated the business as increasing yields by monitoring and analyzing the crops, are expected to drive the field mapping application segment.
The major factors pushing the development of the Agriculture Drone Market include the increment in funding for UAV manufacturers from the venture firms and the rising awareness about the benefits of agriculture drones among the farmers and agronomists. The software supporting the drones plays a key role in the growth of the adoption of these drones for agriculture applications.
The data analytics software helps the farmers and agronomists decide the appropriate amount of fertilizers to be sprayed on the crops in a field. The lack of trained pilots and stringent rules may hamper the growth of drones over the forecast period.
In addition, improper use or carelessness in the operation of drones may cause public security and safety concerns.
Complete report on Agriculture Drone Service Market spread across 120 pages, profiling 12 companies and supported with 191 tables and figures. Inquire for more at www.orianresearch.com/enquiry-before-buying/396876
North America is expected to have the biggest portion of the Agriculture Drone Market in 2016. The market in APAC is estimated to grow at the highest rate between 2016 and 2023.The APAC agricultural drone 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 agrarian sector.
Analysis of Agriculture Drone Service Industry Key Manufacturers: DJI, 3DR, Trimble Navigation Ltd, DroneDeploy, AgEagle, Agribotix, AutoCopter Corp, Delair-Tech, Eagle UAV Services, HoneyComb Corp, PrecisionHawk, Parrot SA and Yamaha Motor.
Corporate investors such as Monsanto, Syngenta, and Mitsui, backed emerging startups for improving harvesting, crop spraying, and irrigation. In February 2016, US reported investments in UAVs and robotics with volumes up to USD 389 million in 2015 and approximately 40 companies raising the finances.
DJI, a well-established player in China raised USD 75 million during its first drone launched especially for the agricultural space. Trimble Navigation Ltd. (U.S.) has a firm grip in the agriculture drone market; it has rich manufacturing facilities that serve the company to get more market share.
The company focuses on strategic acquisitions to grow its business, which also helps the company to provide agronomists and other crop advisors with a stronger set of brand-agnostic tools that they can use to advise farmers to manage their operations. The company provides Trimble UX5 HP high-precision mapping solution in the Agriculture Drone Market.
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Key Benefit for This Report:
*This report provides current market trends and future growth expectations.
*This report examines the market size and changing competitive dynamics
*It covers information regarding key drivers, challenges or restraining market growth
*It provides a five-year forecast assessed on the basis market value chain, Porter's five forces, and supply chain management.
*Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved.
*This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in depth analysis of market segments.
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*Original equipment manufacturers (OEMs)
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Table of Content:
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 Global Agriculture Drone Service Market By Application
8 Global Agriculture Drone Service Market By Type
9 Global Agriculture Drone Service Market By Soy Additives
10 Global Agriculture Drone Service Market By Application
11 Global Market Agriculture Drone Service Market Analysis By Region
12 Market Trends & competitive Analysis
13 Company Profiles
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