What is the Global Agriculture Drone Market Size?
The Global Agriculture Drone Market was valued at USD XXX billion in 2016 and projected to grow at a CAGR of XXX% to approach USD XX billion by 2023. The advent of robots and new scientific technology into farming and agriculture all over the world is expected to promote the growth of the market in the forecast period.
Drones are also known as unmanned aerial vehicles, existing for long time and are used in various industry including mining, construction, military and agriculture. Use of drones in agriculture have recently gained popularity after the world started witnessing the extraordinary growth in population leading towards the growing demand for food. Use of such UAV for precision agriculture has been in use since 1990s in some part of Europe, Asia-pacific, and North America. These UAV were heavily utilized for spraying pesticides, and seeds in farm area in many parts of the world. Therefore, the agriculture drone market will change the traditional farming processes in the coming years.
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Factors Driving the Growth of Global Agriculture Drone Market:
Important factors leading to the development of agriculture drones market are growing awareness about precision farming, need to enhance the yield and government support to use advance technologies in agriculture. Drones generate accurate date which is helpful for farmers to monitor crop health, reduce the impact of climate change and efficiently detect weed. The drones are also useful in spraying pesticides uniformly which yields better results. Yamaha RMAX, which is the first UAV crop sprayer with 2×8 liter spray tank has proved effective for precise small scale spraying. OPtim Agri drone is the joint project among local government, university and IT Company of Japan that has the capability to identify insects so that it can initiate accurate attack on those areas with chemicals. These benefits, among several others are helping farmers in effective farming.
Based on region, the Agricultural Drones Market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America is expected to continue its domination in the global market in the forecast period, and account for almost one-third of the total market revenue. This is attributed to reasons like increasingly scientific farming in the aims for precision agriculture in the region. The Asia Pacific market is expected to grow at a high CAGR because of the adoption to scientific farming.
Some of the Leading Companies in the Global Agriculture Drone Market:
The leading players of the market include PrecisionHawk, AeroVironment Inc., Trimble Navigation Ltd., DJI Technology, 3D Robotics, Parrot SA and DroneDeploy.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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