A report on Agriculture Drone Market has been appended into the market research report database of Reports and Insights, in recent times, that promises to offer a complete analysis to its readers on the growth forecasts and development prospects of the market, together with the potential business opportunities in the industry. The study, which emphasizes the most recent business dynamics, trends, growth drivers and opportunities that are impacting the market growth, also comprises the market size and the compounded average growth rate (CAGR) for the projected period 2023 and 2031. The report on Agriculture Drone Market also incorporates an in-depth assessment on both the macro- and micro-environmental factors that are likely to impact the market growth over the forecast period. In addition to that, analytical tools such as Porter's five forces analysis and PESTEL analysis are utilized to reckon and gather the factors that are playing the role of the driving force for the growth of the market.
Agriculture Drone Market Overview
The global Agriculture Drone Market in 2020 is estimated for more than US$ 1.3 Bn and expected to reach a value of US$ 10.5 Bn by 2028 with a significant CAGR of 35.6%.
As per the report, advancement in technology and increasing focus of farmers towards field mapping in an easier way are some of the key factors which are expected to propel the growth of the agriculture drone market around the globe.
Presently, technology has shown its potential in every industry. It helps to reduce the workload and increase the efficiency in the required process. Constant progress in technology is improving processes and productivity in the agriculture industry.
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Also, advancements in scientific chemistry, genetic research, robotics, and other technologies are the main factors that drive the development of technology related to the agriculture industry.
Furthermore, Reports and Insights (R&I), drone technology is giving a high-tech makeover mainly in the agriculture industry. The drone can be used throughout the crop cycle like in soil and field analysis, planting, crop spraying, crop monitoring, irrigation, and crop health assessment. In the planting process, drones help to reduce the planting cost by 85%, which is very efficient for the farmers to get better results at a very low cost.
Some of the key questions answered in this report:
- Which are the five top players of the Agriculture Drone Market?
- How will the Agriculture Drone Market change in the upcoming years?
- Which product and application will take a share of the Agriculture Drone Market?
- What are the drivers and restraints of the Agriculture Drone Market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Agriculture Drone Market throughout the forecast period?
- What is the current market size, what will the market size be in 2030 and what will the growth rate be?
- What are the challenges to grow in the market?
- What are the market opportunities and challenges faced by the key vendors?
- Who are the major competitors and what is their strategy?
- What are the barriers to entry for new players in the market?
Also, the rapid increase in population growth rate and increasing urbanization around the globe are some of the other factors which are expected to boost the demand for drones in the agriculture sector. As per the report published at World Government Summit in 2018, it is expected that the population will grow by 33% to almost 10billion by the year 2050, which is expected to drive the demand for food up to 50% as compared to the data collected in the year 2013. Moreover, urbanization stimulates the betterment of infrastructure which also increases the demand for new technology to get a better outcome from the available resources.
Agriculture Drone Market Segmentation
The agriculture drone market is segmented on the basis of product type, component, application, and region.
By Product Type
- Hardware
o Fixed Wing Drones
o Rotary Blade Drones
o Hybrid Drones
- Software and Services
o Data Management Software
o Imaging Software
o Data Analytics Software
o Others
By Component
- Frames
o Controller Systems
o Propulsion Systems
o Camera System
- IR Cameras
- Thermal Cameras
- Lidar Cameras
- Others
- Navigation Systems
o Global Positioning System (GPS)
o Geographic Information System (GIS)
- Batteries
- Others
By Application
- Precision Agriculture
o Field Mapping
- Weed Detection
- Plant Counting
- Crop Health Monitoring
- Harvest Season Monitoring
- Others
o Variable Rate Application
o Crop Scouting
o Crop Spraying
o Others
- Livestock Monitoring
- Precision Fish Farming
- Smart Greenhouse
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Agriculture Drone Market
Report Spotlights
- Progressive trends in the Agriculture Drone industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the global Agriculture Drone market from 2023 to 2031
- Estimation of the demand for Agriculture Drone across various industries
- Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the Agriculture Drone industry
- Recent developments to understand the competitive market scenario and demand for Agriculture Drone
- Market trends and outlook, and factors governing the growth of the Agriculture Drone market
- Understanding the strategies that underpin commercial interest with regard to the market growth, aiding in the decision-making process
- Agriculture Drone market size at various nodes of market
- Detailed overview and segmentation of the market, as well as its industry dynamics
- Agriculture Drone market size in various regions with promising growth opportunities
Agriculture Drone Market Key Players
Some of the key participating players in the global Agriculture Drone market are
DJI
PrecisionHawk
Trimble Inc.
Parrot Drones
3DR
AeroVironment, Inc.
Yamaha Motor Corp.
DroneDeploy
AgEagle Aerial Systems, Inc.
OPTiM Corp.
senseFLY
Pix4D
Agribotix
Sentera Inc.
ATMOS UAV
Delair
Nileworks Inc.
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