The global agriculture drone market is expected to reach USD 3,770.0
million by 2024, according to a new report by Grand View Research, Inc. The
increasing technological advancements in equipment and for enhancing the
quality of the farming techniques have led to the increased implementation of
agriculture drones in the market.
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Global Agriculture drone Market, 2014 - 2024 (USD Million)
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Increasing automation in the agriculture process, owing to the labor
crisis, such as lack of skilled farmers, aging farmers, is also expected to
positively impact the market growth. A favorable shift in the regulatory policy
is also expected to allow start-ups to operate in small and large farming
operations and aid in disease & water management.
Innovations in the GPS mapping field coupled with the advancements in
precision agriculture are expected to propel the industry growth over the
forecast period. Drones have the potential to implement better plantation with
crop rotation strategies and give crucial inputs related to the daily progress
of crops which is further contributing to the growth.
The companies operating in the industry are designing and manufacturing
systems that are collecting the data and are incorporating them into business
models. which is further anticipated to enhance the industry growth. The data
gathered from drones help the farmers to improve yields; supply water,
fertilizer, or chemical when needed, and are also able to map their fields,
check for signs of disease, monitor crop health, and save time in the process.
The scarcity of trained pilots for operating the drones may impact the
market growth, although the market is expecting to overcome the scarcity,
gradually, with the increasing applications of the drone.
In depth research report on Agriculture drone
Market
Further key findings from the report suggest:
·
The fixed wing
agriculture drone is expected to remain as a key revenue generating segment
over the forecast period. The hybrid agriculture drones are anticipated to
witness enormous growth in the next 8 years, owing to their ability to carry
heavy weights and hover over fields.
·
The crop
scouting application is anticipated to drive the market growth over the
forecast period, with the increasing application of crop spraying, which will
further increase the yields and reduce the wastage of pesticides &
fertilizers and crops.
·
The North
America agriculture drones market is expected to remain the key revenue
generating region with a prevalent share of the industry. The increasing
adoption of the drones, in various applications including spraying, seeding,
and livestock farming, has led to the enormous market share.
·
The Asia
Pacific agriculture drone market is anticipated to witness a significant growth
over the forecast period, owing to the increasing investments in R&D in the
region.
·
The key
players in the agriculture drone market include DJI Technology, Trimble
Navigation Ltd., PrecisionHawk, Parrot SA, and 3D Robotics
Grand View Research has segmented the agriculture drone market based on
product type, application, and region:
Product Outlook (Transaction Revenue, USD Billion,
2014 - 2024)
·
Fixed wing
·
Rotary blade
·
Hybrid
Application Outlook (Transaction Revenue, USD
Billion, 2014 - 2024)
·
Field mapping
·
Variable rate
application
·
Crop scouting
·
Others
Regional Outlook (Transaction Revenue, USD
Billion, 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
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