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agriculture drones market

Agriculture Drones Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Service); By Type (Fixed Wing, Rotary Blade, Hybrid); By Application; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jun 2022
  • Pages: 119
  • Format: PDF
  • Report ID: PM1114
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global agriculture drones market was valued at USD 1.26 billion in 2021 and is expected to grow at a CAGR of 29.1% during the forecast period. Rapid adoption of advanced technology in the agriculture industry and rising awareness regarding the benefits of adopting drones are anticipated to propel the agriculture drones market over the forecast period.

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Unlike commercialized drones, agricultural drone are used in agricultural development for digital photography, multispectral photographs, and near-infrared views of fields. Drone innovation delivers benefits during the planting season, including observing crop development predicting pre-harvest yields, and preparing drains for the following season.

Moreover, drones are progressively becoming utilized in agribusiness as part of an impactful strategy for viable agricultural administration that enables agro-based technicians, farmers, and farmworkers to help expedite their processes and gain beneficial information about one's crops through the use of powerful information analytics.

Industry Dynamics

Growth Drivers
According to UN predictions, the world's demographic will reach 9.7 billion by 2050, forcing agricultural production to climb by about 70% between 2010 and 2050. With an expanding population and the need for abundant food to fulfill rising market demands, precision agriculture and the usage of technology such as drones are becoming more popular worldwide.

Unanticipated weather changes throughout the globe are producing new levels of trouble in the agricultural business, increasing market demand for novel technologies, including agriculture drone to advance crop production and firm proficiency. Moreover, the overhead perspective given by drone agriculture can uncover various difficulties, including soil differences, drainage challenges, and fungous infections. These standards are utilized in agriculture to examine crops and swiftly identify faults which in turn will likely propel agriculture drone market growth.

Drones with powerful sensor payloads are increasingly being used in agriculture for regular field surveillance and site-specific data on the requirement for irrigation, pest management, and other services. Farmers may use these drone to streamline farm chores and increase crop productivity while lowering labor expenditures. The increasing usage of drone for agriculture condition surveillance, weed identification, adjustable-rate spraying, crop surveying, and livestock control fuels the development of the agriculture drones market.

Report Segmentation

The market is primarily segmented based on component, type, application and region.

By Component

By Type

By Application

By Region

  • Hardware
  • Software
  • Service

 

  • Fixed Wing
  • Rotary Blade
  • Hybrid
  • Field Mapping
  • Variable Rate Application
  • Crop Spraying
  • Crop Scouting
  • Livestock
  • Agriculture Photography
  • Others    
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Component

Hardware component segment is anticipated to dominate the market over the projected period. Agricultural drone hardware includes cutting-edge cameras, GPS technologies, frameworks, controls, propulsion structures, and other components. The hardware elements are necessary for data collection and field and crop monitoring. Furthermore, the increasing requirement for repair, upgrade, and customization of drone equipment parts in order to extend the lifetime and functionality of drone and obtain a competitive edge is driving the expansion of this industry.

Software segment is anticipated to grow at a considerable pace due to the increasing market demand for managing and analyzing data collected by agriculture drones. Furthermore, the rising implementation of AI and smart machine learning technologies in conventional data analytics technologies is also expected to create opportunities for market growth.

Insight by Application

Field mapping segment is expected to hold a major share in the global market as drone offer detailed area modeling, such as elevation data, allowing farmers as well as other agro experts to identify any anomalies in the land. Further, by analyzing agricultural quality and condition throughout various soil types and administration areas, field mapping exposes crop viability and output capacity.

Geographic Overview

North America dominated the global agriculture drones market in 2021 and is anticipated to maintain its dominance throughout the projected period. Rapid technology adoption among developed nations such as the U.S. and Canada, along with rising government initiatives on the use of drone for agriculture purposes. Furthermore, increasing market demand for high-quality crops coupled with increasing public awareness of precision farming for field mapping is expected to propel market growth.

Asia Pacific is expected to grow at a considerable pace throughout the forecast period due to the presence of large agricultural land along with high exports of agricultural goods worldwide. Furthermore, increasing technology adoption in major Asian countries such as Indonesia, India, and China is anticipated to create lucrative opportunities for agriculture drones market growth.

Competitive Insight

Major players operating in the global agriculture drones market include 3D Robotics Inc., AeroVironment, Inc., AgEagle Aerial Systems, Inc., AgEagle LLC, Agremo, America Robotics, AutoCopter Corp, DJI, Drone Ag, Israel Aerospace Industries, ISRAEL AEROSPACE INDUSTRIES, Microdrones, Parrot Drones, Pix4D SA, PrecisionHawk, senseFly, Sentera, Sky-Drones Technologies LTD, Solvi AB, THANOS, Trimble Inc., and Yamaha Motor Corp.

Despite the negative influence of Covid-19 on the agriculture drone industry, these firms are crucial in implementing many expansion initiatives in light of the future possibilities of agriculture drones. These market players are investing in research & development in order to launch novel technology advanced products and product up-gradation. Further, these players indulge in marketing strategies such as mergers & acquisitions, and mergers partnerships & collaborations, in order to expand their footprint and boost their sales.

For instance, in January 2021, AgEagle Aerial Systems Inc., a prominent provider of drone systems and applications, confirmed the acquisition of MicaSense, Inc. from Parrot, Europe's premier drone business, for around $23 Million.

Agriculture Drones Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 1.26 Billion

Revenue forecast in 2030

USD 10.46 Billion

CAGR

29.1% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Segments covered

By Component, Type, By Application By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

3D Robotics Inc., AeroVironment, Inc., AgEagle Aerial Systems, Inc., AgEagle LLC, Agremo, America Robotics, AutoCopter Corp, DJI, Drone Ag, Israel Aerospace Industries, ISRAEL AEROSPACE INDUSTRIES, Microdrones, Parrot Drones, Pix4D SA, PrecisionHawk, senseFly, Sentera, Sky-Drones Technologies LTD, Solvi AB, THANOS, Trimble Inc., and Yamaha Motor Corp.

 

Key Take-Away
Polaris Market Research
Global Agriculture Drones Market Size Report, 2022 - 2030