Home Press Releases Agriculture Drones Market Size worth $10.46 Billion By 2030 | CAGR: 29.1%

Agriculture Drones Market Size worth $10.46 Billion By 2030 | CAGR: 29.1%

The global agriculture drones market size is expected to reach USD 10.46 billion by 2030, according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The rising demand for high crop production as a result of population expansion is essentially driving overall development. Furthermore, the increasing use of modern technology to enhance crop output increases the use of agricultural drone. Technological advancement in terms of downsizing and component development has prompted established companies as well as small and medium-sized businesses to invest in agricultural drone.

 

Drone software is used in various agricultural operations, including livestock surveillance, field evaluation, crop monitoring, seed distribution, and land mapping. The growing need for healthy farming practices, fast technical breakthroughs in drone innovation, and increased acceptance of precision agriculture are other factors expected to propel the demand for drone in the agriculture industry over the forecast period.

 

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The rotary-wing type segment is expected to hold major market shares over the forecast period as these drone are widely employed for various farming purposes because of their great architectural advantages. However, rotary blade drone are expected to grow at a significant pace due to their improved dexterity and compressed structure, ease of usage, larger carrying capabilities, and cheaper price compared to other kinds of drone.

 

North America is anticipated to hold a major share in the global market over the forecast period due to the availability of suitable manufacturing enterprises in the U.S. and increasing government efforts. For instance, in April 2021, the United States government issued an executive decree to combat environmental disruption and modernize the farming business by emphasizing precision farming and the use of drone technologies.

 

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

 

Polaris market research has segmented the agriculture drones market report based product type, and region:

 

Agriculture Drones, Component Outlook (Revenue – USD Billion, 2018 – 2030)

  • Hardware
  • Software
  • Service

Agriculture Drones, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Fixed Wing
  • Rotary Blade
  • Hybrid

Agriculture Drones, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Field Mapping
  • Variable Rate Application
  • Crop Spraying
  • Crop Scouting
  • Livestock
  • Agriculture Photography
  • Others

Agriculture Drones, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Netherlands
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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