The global agriculture drone market size is projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period. Emergence of startups specializing in developing unmanned aerial vehicles (UAVs) for agriculture will significantly enhance the potential of the market.
The Agriculture Drone Market is experiencing remarkable growth due to the increasing adoption of advanced technologies in agriculture practices. Agriculture drones are unmanned aerial vehicles (UAVs) that are equipped with sensors and cameras to provide real-time data on crop health, soil moisture levels, and other critical parameters. This data can be used by farmers to make informed decisions about irrigation, fertilization, and pest management.
The Agriculture Drone Market is being driven by several factors, including the growing demand for food due to the increasing global population, the need to optimize crop yields, and the rising popularity of precision agriculture. In addition, the market is benefiting from the decreasing cost of drone technology, which has made these devices more accessible to small and medium-sized farmers.
Request a Free Sample PDF :
List of Key Players Covered in the Agriculture Drone Market Report –
- Delair Tech SAS (France)
- Parrot Drone (France)
- 3D Robotics (the US)
- AeroVironment Inc. (the US)
- GoPro (the US)
- Drone Deploy (the US)
- Sintera LLC (the US)
- Ag Eagle (the US)
- Trimble Navigation Ltd. (the US)
- Precision Hawk (the US)
- DJI (China)
Skyrocketing Demand for Food Worldwide to Propel the Agriculture Drone Market
The most critical factor driving the agriculture drone market growth is the expected levels of demand for food and grains worldwide in the next few decades. According to the UN, by 2050, world population will reach 9.1 billion, with sub-Saharan Africa’s population projected to grow the fastest. To meet the food requirements of this surging number of people, the Food and Agriculture Organization (FAO) estimates that the overall food production will need to rise by 70% and production in developing countries will need to double from the current levels. Agriculture drones will play a central role in supporting the efforts of governments in elevating their farm yields. These UAVs offer wide-ranging and decisive advantages to farmers, who can make enormous gains from these machines. For example, drones equipped with smart sensors can enable farmers to collect accurate information on soil conditions. Drones can also spray crops with insecticides and pesticides, thus minimizing farmers’ contact with these harmful chemicals.
Contact us for customization in the report –
Quick Adoption of Advanced Drones for Agriculture to Feed Market Growth in North America
North America, with a market size of USD 367.6 million in 2019, is anticipated to lead the agriculture drone market share during the forecast period. This is mainly attributable to the rapid uptake of advanced UAVs by farmers in the region to increase farm output. Complementing this is the framing of friendly policies by lawmakers in the region supporting deployment of commercial drones and small UAVs for agricultural activities. Asia Pacific is expected to generate tremendous growth opportunities for this market as the countries in the region are heavily dependent on agriculture and are making massive investments to make agriculture more technology-driven. In Europe, the ability of farmers to utilize drone technology for better farm yields will augur well for the Agriculture Dronemarket.
The Agriculture Drone report states that the global market value stood at USD 1,021.1 million in 2019. It also offers the following:
- Unparalleled insights into the factors driving and constraining the market growth;
- In-depth & piecemeal analysis of the market segments;
- Exhaustive examination of the regional dynamics impacting the market; and
- Detailed profiling and study of the key market players and their strategies.
Agriculture Drone Industry Developments:
- April 2020: DJI, the Chinese drone maker, released its new offering called the “Mavic Air 2” drone, the successor to the company’s 2018 Mavic Air drone. The new product comes in two variants, the standard and the Fly More, with both being available for immediate purchase in China.
- September 2019: AeroVironment launched the enhanced, next-gen version of its flagship Quantix VTOL hybrid drone and the AeroVironment Decision Support System for precision farming. Equipped with sensors and multispectral imagery capabilities, Quantix is designed to perform crop scouting and can survey up to 400 acres within 45 minutes.
Inquire Before Buying This Report-
Get More Related News :
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner – Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245