Global agriculture drone market is expected to reach approximately USD 2,978.69 Million by 2021, growing at a CAGR of 28.11% between 2016 and 2021.
The report analyzes and forecast agriculture drone market on a global and regional level. The study offers past data of 2015 along with forecast from 2016 to 2021 based on revenue (USD Million). Assessment of market dynamics gives a brief thought about the drivers and restraints for the agriculture drone market along with the impact they have on the demand over the forecast period. Furthermore, the report includes the study of opportunities available in the agriculture drone market on a global level.
The report gives a transparent view of the agriculture drone market. We have included a detailed competitive scenario and portfolio of prominent vendors operative in agriculture drone market. To understand the competitive landscape of agriculture drone market, an analysis of Porter’s Five Forces model for the market has also been included. The report offer market attractiveness analysis, wherein type, application and regional segments are benchmarked based on their general attractiveness, market size, and growth rate.
The study provides a crucial view on the agriculture drone by segmenting the market based on type, component, application and region. All the type, application, segments of agriculture drone market have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. In term of type, agriculture drone market classified into fixed wing, rotary blade, hybrid, data management, imaging software, data analysis others. Component wise agriculture drone market is bifurcated into controller system, propulsion systems, camera systems, the navigation system, batteries and others. Based on application, global agriculture drone market is segmented into field mapping, variable rate application (VRA), crop scouting, crop spraying, livestock, agriculture photography and others. The regional segmentation comprises of present and forecast demand in Asia-Pacific, Middle East & Africa, North America, Europe, and Latin America for agriculture drone market.
The competitive profiling of key players of agriculture drone market includes company and financial overview, business strategies adopted by them, their recent developments and product presented by them which can help in assessing competition in the market Key market players include GoPro, Google, Boeing DJI, Trimble Navigation Ltd., DroneDeploy, AgEagle LLC, AeroVironment, Inc., Agribotix LLC, AutoCopter Corp., 3DR, HoneyComb Corp., Parrot SA and Yamaha Motor.
The report segment of global agriculture drone market as follows:
Global Agriculture Drone Market: Type Segment Analysis
Global Agriculture Drone Market: Component Segment Analysis
Global Agriculture Drone Market: Application Segment Analysis
Global Agriculture Drone Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Agriculture Drone market. Zion Research has collected and analyzed key data belong to the global Agriculture Drone market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Agriculture Drone across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Agriculture Drone industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Agriculture Drone market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Agriculture drone can be used in soil and field analysis, planting, crop spraying, crop monitoring, irrigation and others. Data generated by drones can help farmers to gain a more accurate & detailed view that how their crops are responding to their management strategies which may lead to the most effective use of limited resources. Different types of drones help to elevate agricultural efficiency.
Increasing applications of drone in agriculture sectors have influenced the industry to invest significantly in funding UAV-based startups. Also, increasing funding from venture-based firms for agricultural drones is fueling the market growth. However, lack of trained pilots and stringent regulations may restrain the growth of agricultural drones market over the forecast period.
Nonetheless, adoption of new technology is expected to offer new growth prospects to the agriculture drone market. Several benefits offered by the drone are strongly escalating growth of agriculture drone market. Many vendors such as Google Inc. and facebook are planning to use solar power drone that hovers around the atmosphere of the earth with internet access from remote places acting as flying internet or hotspot.
Agriculture drone market is segmented by type, component, application and region. On the basis of type, agriculture drone market classified into fixed wing, rotary blade, hybrid, data management, imaging software, data analysis others. Component wise agriculture drone market is bifurcated into controller system, propulsion systems, camera systems, the navigation system, batteries and others. Based on application, global agriculture drone market is classified into field mapping, variable rate application (VRA), livestock, crop spraying, crop scouting, agriculture photography and others.
Rapidly increasing adoption of drones for crop spraying application will increase the yield and reduce the wastage of crops, fertilizers, and pesticides. These key factors are responsible for the growth of the agriculture drone market for crop spraying application. Need for technological advancements in agriculture equipment and enhancement of the quality of farming techniques have led increased usage of agriculture drones in the market. Innovations in the GPS mapping field coupled with the advancements and solar power drone in agriculture are expected to drive the industry growth over the forecast period. Drones have the potential to implement better plantation with crop rotation strategies and give crucial inputs related to the daily progress of crops which is further contributing to the market growth.
North America dominated the global agriculture drone market due to high production and increasing applications in the agriculture sectors. Europe commercial drone market is expected to grow considerably in the forecast years owing to the relaxations in regulations and increasing applications in law enforcement and agricultural applications.
Favorable government initiatives towards agriculture sector are expected to be the key growth factors for the European market. Moreover, the demand for the drone is expected to gain traction in Asia-Pacific region. Australia and Asian countries such as Japan are increasingly focusing on the use of drones for agricultural purposes.
The key players involved in the agriculture drone market are GoPro, Google, Boeing DJI, Trimble Navigation Ltd. , DroneDeploy , AgEagle LLC , AeroVironment, Inc., Agribotix LLC , AutoCopter Corp. , 3DR, HoneyComb Corp. , Parrot SA and Yamaha Motor