The Global Agriculture Drones Market was valued at USD 1.2 Bn in 2020 and is expected to reach USD 5.4 Bn by 2027, with a growing CAGR of 24.2% during the forecast period.
A drone is also known as Unmanned Aerial Vehicles (UAVs). Agriculture drones are Remotely Piloted Aircraft Systems (RPAS) that includes manual activities and provide crop status and livestock movement in real-time. They include propulsion systems and programmable controllers with satellite navigation to remotely manage wireless communication and travel a predefined direction through the usage of complicated algorithms. They are retrofitted with exceptional payloads of sensors with digital imaging capabilities, including multispectral, high-resolution camera systems, and actuators. As a result, they are extensively utilized for field surveying, crop scouting, spraying, spreading, and surveillance in livestock and fisheries.
The growing population across the globe is one of the significant factors that drive the market growth. For instance, according to the Food and Agriculture Organization (FAO) report “Global Agriculture Towards 2050”, it is stated that the global population is projected to reach 9.1 Bn by 2050, and to feed this population, food production should be increased by at least 70%. Traditional farming techniques and decreasing farm labor availability are making agriculture economically unviable and inefficient. As a result, modernization and automation have emerged as an advantageous trend in agriculture, as it is the most effective way to feed the teeming population.
In addition, the various benefits of using drones in agriculture such as scouting/monitoring plant health, monitoring field conditions, planting & seeding, spray application, security and others propel the growth of the agriculture drones market throughout the forecast period. Moreover, the increase in the adoption of drones for precision farming and the rise in venture funding for the deployment of agriculture drones increases the market size of the agriculture drones market.
The Global Agriculture Drones Market Segmentation:
By Offering
By Component
By Application
By Region
Agriculture Drones Market Company Profiles and Competitive Intelligence:
Based on the offering, the software and services segment market is growing at a significant rate during the forecast period due to the high investment by prominent players
Based on the offering, the agriculture drones market has been segmented into hardware, software, and services. The software and services segment is growing at a significant rate during the forecast period. The growth in the segment is attributed to the high investment by prominent players. The investments from venture capitalists and investors in the start-up companies offering software and analytics to digitize the information collected by drones; the investments are mainly targeted at mapping, imaging, and data analytics software.
Based on the component, the camera systems segment account for the largest market share during the forecast period due to the increasing technological advancements
Based on the component, the global agriculture drones market has been segmented into frames, controller systems, propulsion systems, camera systems, navigation systems, batteries, and others. The camera systems segment account for the largest market share during the forecast period. The growth in this segment is attributed to the increasing technological advancements such as resolution, sensors, and integration of Artificial Intelligence (AI). A camera system is a key element of an agriculture drone due to the fact its specifications decide the application for which the drone is to be used. For instance, the hyperspectral camera is best suitable to analyze weed intrusion in farms, while the LIDAR camera is exceptional to show slopes and sun exposure on farms.
Based on region, the Asia Pacific is anticipated to grow at the highest CAGR during the forecast period owing to the increasing population in the region
Based on region, the global agriculture drones market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is anticipated to grow at the highest CAGR during the forecast period. The growth in the region is mainly attributed to the increasing population. For instance, according to the United Nations Report published in 2021, the population of the Asia Pacific region is around 4 Bn which is equivalent to 59.76% of the total world population. The rate of adoption of smart agriculture techniques is likely to grow at a high pace in this region, mainly in the countries such as India, China, and others. Moreover, the availability of arable lands and government support through subsidies are the major factor that accelerates the growth of the agriculture drones market in the region. For instance, India has one of the highest arable lands across the globe with over 155 million hectares and is one of the prominent agriculture producers.
The report also provides an in-depth analysis of agriculture drones market dynamics such as drivers, restraints, opportunities, and challenges:
Drivers
Restraints
Opportunities
Challenges
COVID-19 Impact on the Agriculture Drones Market Analysis:
The COVID-19 pandemic has impacted various industries such as oil & gas, manufacturing, retail, and others due to the strict lockdown imposed by governments across the globe. The agriculture drones market in the COVID-19 era affected the most owing to the shutdown of the manufacturing plant or the plants are operating with the limited workforce to limit the spread of the COVID-19, this might be impacted the market growth. Moreover, the disruption in the supply chain of the products resulted in the decline of sales, which impacted the growth of the market. However, post COVID-19 era, the market gain traction due to the increasing necessity of automated fertilizer sprayers, seeding drones, and planting small drones.
*Note: A detailed analysis specific to the agriculture drones market will be provided in the report
The report also provides an in-depth analysis of key trends in the agriculture drones market:
The report also provides an in-depth analysis of recent news developments and investments:
Ask for free product review call with the author
Share your specific research requirements for a customized report
Request for due diligence and consumer centric studies
Request for study updates, segment specific and country level reports
Market Introduction
Research Methodology
Executive Summary
Premium Insights
Market Overview & Competitive Landscape
Market Segmentation (Market Size and Share Analysis)
Market Dynamics
COVID – 19 Opportunity Mapping
Regional Market Analysis
Company Profiles
Log in / Register
