The global agriculture drones market was valued at $435.5 million in 2017 and is anticipated to grow at a CAGR of 38.6% during the forecast period. Agriculture drones are used on farms and agricultural lands for crop health monitoring, weed detection, variable rate application, crop scouting, and livestock management among others. Agriculture drones use components such as cameras, controllers, propulsion systems, and navigation systems among others to improve crop yield and increase productivity. The agriculture sector has been increasingly employing drones with advanced sensor payloads for frequent field monitoring and site-specific information about the need for fertilization, pest-control, and others. These drones enable farmers to automate farm activities, and enhance crop yield while reducing labor costs.
The increasing demand for high quality food crops owing to population increase primarily drives the market growth. Growing adoption of advanced technologies to maximize crop production boosts the adoption of agricultural drones. The increasing penetration of mobile devices and technological advancements in components such as camera, mapping software, and others are expected to further support Agriculture Drones market growth. Technological innovation in terms of miniaturization and improvement of components has encouraged established organizations, and small and medium organizations to invest in agricultural drones. Other factors driving the growth of this market include growth in the global agricultural industry, growing environmental concerns, and shifting focus towards organic food. Subsidies from governments further supplement the growth of this market. However, safety and privacy concerns restrict the growth of the agricultural drones market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
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The global agriculture drones market is segmented on the basis of component, type, application, and region. On the basis of component, the market is segmented into hardware, software, and services. Based on the type, the market is segmented into fixed wing, rotary blade, and hybrid. The applications are segmented into crop scouting, variable rate application, field mapping, livestock management, and others. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, France, and Italy. Asia-Pacific is bifurcated into China, India, Japan. North America accounted for the largest share in the global Agriculture Drones market in 2017 owing to growing need to improve agricultural productivity.
The leading players in the Agriculture Drones market include Trimble Navigation Limited, DJI Technology Co., Ltd, Parrot SA, Drone Deploy, Agribotix LLC, Honeycomb Corporation, Aerovironment, Inc., Eagle UAV Services LLC, 3D Robotics Inc., AgEagle Aerial Systems, Inc., Autocopter Corp, and Ursula Agriculture among others. These leading players in the market are introducing new innovative products in the market to cater to the growing consumer demands. Global players are entering new markets in developing regions to expand their customer base and strengthen market presence.