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.
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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