Agriculture Drone Market By Type (Hardware (Fixed wing, Rotary Wing, Hybrid), Software (Data Management, Imaging Software, Data Analysis and Others)), By Component (Controller System, Propulsion Systems, Camera Systems, Navigation Systems, Batteries and Others), By Application (Field Mapping, Variable Rate Application (VRA), Crop Spraying, Crop Scouting, Livestock, Agriculture Photography and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Description

Market Overview

The global Agriculture Drone market accounted for USD 2604.12 Million in 2020 and is expected to reach USD 6586.47 Million by 2028, growing at a CAGR of 14.1% from 2021 to 2028.

An agricultural drone is aerial device used to help optimize agriculture proceeds, increase crop production and check for further growth. In-built sensors provide a better view of the fields, to the farmer. Due to increasing technological advancements, agricultural drones have gained fame over the years. These are also known as unmanned aerial vehicles (UAV) that aids the farmer with necessary information about the agricultural land. Growing awareness and compulsion to shift over smart agriculture has supported the agricultural drone market.

Backed by revolutionary technicalities and the extensive use of high-quality cameras, this agricultural drone allows the farmer to be aware of the land’s water and nutrient requirements. Furthermore, the demand for this product has paved way for increased investments in the R&D for developing more sophisticated products which are farmer-friendly. All these factors have caused emerging startups to invest wide in this market and have proved to be lucrative.

COVID-19 Impact Analysis

COVID19 has caused the entire world to go on a shutdown, causing all the labor-intensive activities to come to a saturation point. Due to the government regulations to save the people from the pandemic, there emerged a compulsive need to mechanize the labor dependent work sectors. Agriculture, being the most labor dependent sector of all was in great demand for devices and machines to substitute the farmer’s day of work. Therefore, the market is hugely profitable in the forthcoming years. Although the pandemic has also made it difficult for smooth production of automated devices and machines, it is expected to take a positive U-turn in the near future and hence the market would remain favorable in upcoming year.

Growth Factors

The need for coping up with the change in technology, lack of labor and efficiency requirements have worked in favor of the agricultural drone market. Features like in-built sensors, automated GPS, 3D mapping of the field has proven to be the driving factors of the market. At present, there is a need to do precision agriculture where the farmer is required to observe, measure, respond to the crop production. This can be achieved most efficiently only with the help of agriculture drones that provide reliable information regarding the land’s requirements.

Due to unpredictable climatic changes and increasing environmental pollution, the farmer is required to be more conscious and cater to the needs of the land as and when required. To make this most effective, agriculture drones with RGB cameras, GPS system, 3D prints are the most sough-after product causing the agriculture drone market to be the most beneficial in the near future.  These trends are expected to continue and propel the growth of the agriculture drone market in the coming years.

Report Scope:

Product Segment Analysis Preview

On the basis of Product, the market is segmented into fixed-wing, rotary blade, and hybrid. The rotary wing segment holds a clear dominance and is expected to lead in the coming years as well. Using the multi-rotors, rotary wing drones do not depend on extra space for flight and landing.

Although, the hybrid UAVs are expected to be profitable, owing to the capability of covering long distances over the fields. Altogether, the multiplication of economical navigation which includes inspection and mapping, has helped the farmers with extensive and increased crop production.

Application Type Segment Analysis Preview

The market is broken down into field mapping & monitoring, crop scouting, variable rate application, and others. While, the most important part of farming is to find the right soil for plantation, and hence, the field mapping and monitoring holds an edge over the other application types in the agriculture drone market. With a RGB camera, the UAVs can cover long distances to access the right spot for planting and sowing seeds.

Due to the growing concerns of pest infestations and diseases caused by it, the crop scouting segment is forecasted to grow in the following years.  Pest management is pivotal as it can ruin the entire plantation, if proper care is not given. There is a constant concern regarding over-spraying fertilizers, making the soil inhospitable or unhealthy and Crop scouting UAVs are expected to eradicate these concerns in the forecasted period.

Regional Analysis Preview

Geographically speaking, North America proves to be most favorable with its complete support from the government through Department of Transportation (DOT) and Federal Aviation Administration (FAA).  North America has very many companies that are involved in commercial farming and it Camera Systemly depends on it.  Not to forget the promising manufacturing companies spread across in the U.S and Canada, playing an important role for North America to hold its dominance against the rest of the world in agriculture drone market.

Whilst, Europe is expected to be most viable in the future, owing to the raising awareness of smart agriculture and need to improve crop production.  Asia Pacific is also expected to perform better in the future having major agricultural production.

Key Market Players & Competitive Landscape

Some of key players in home agriculture drone market are DJI, Precision Hawk, Trimble Inc., Parrot, 3DR, AeroVironment, Inc., Yamaha Motor Corp., DroneDeploy, AgEagle Aerial Systems, Inc. , and OPTiM Corp. Although, major innovators are SenseFLY, Pix4D, Sentera Inc., SlantRange, ATMOS UAV, Delair, and Nileworks Inc.

The global agriculture drone market is segmented as follows:

By Product

• Hardware
  • Fixed Wing
  • Rotary Blade
  • Hybrid
• Software
  • Data Management
  • Imaging Software
  • Data Analysis
  • Others

By Component

• Controller System
• Propulsion Systems
• Camera Systems
• Navigation System
• Batteries
• Others

By Application Type

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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Table Of Content

• Chapter No. 1 Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2 Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Product
      • 2.1.1.2. Market Attractiveness Analysis, By Component
      • 2.1.1.3. Market Attractiveness Analysis, By Application
      • 2.1.1.4. Market Attractiveness Analysis, By Region
  • 2.2. Market Snapshot
  • 2.3. Global Agriculture Drone Market, 2016 – 2028 (USD Million)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3 COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. The Middle-East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4 Agriculture Drone Market – Product Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
  • 4.2. Hardware
    • 4.2.1. Market Size and Forecast, By Region (USD Million)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. Software
    • 4.3.1. Market Size and Forecast, By Region (USD Million)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5 Agriculture Drone Market – Component Segment Analysis
  • 5.1. Overview
    • 5.1.1. Market Revenue Share, By Component, 2020 & 2028
  • 5.2. Contruller System
    • 5.2.1. Market Size and Forecast, By Region (USD Million)
    • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.3. Propulsion Systems
    • 5.3.1. Market Size and Forecast, By Region (USD Million)
    • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.4. Camera System
    • 5.4.1. Market Size and Forecast, By Region (USD Million)
    • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.5. Navigation System
    • 5.5.1. Market Size and Forecast, By Region (USD Million)
    • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.6. Batteries
    • 5.6.1. Market Size and Forecast, By Region (USD Million)
    • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.7. Others
    • 5.7.1. Market Size and Forecast, By Region (USD Million)
    • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 6 Agriculture Drone Market – Application Segment Analysis
  • 6.1. Overview
    • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
  • 6.2. Field Mapping
    • 6.2.1. Market Size and Forecast, By Region (USD Million)
    • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.3. Variable Rate Application (VRA)
    • 6.3.1. Market Size and Forecast, By Region (USD Million)
    • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.4. Crop Spraying
    • 6.4.1. Market Size and Forecast, By Region (USD Million)
    • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 7 Agriculture Drone Market – Regional Analysis
  • 7.1. Overview
    • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
  • 7.2. North America
    • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.2.2. North America Market Revenue, By Product, 2016 – 2028
    • 7.2.3. North America Market Revenue, By Component, 2016 – 2028
    • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
    • 7.2.5. U.S.
      • 7.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
      • 7.2.5.2. U.S. Market Revenue, By Component, 2016 – 2028
      • 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
    • 7.2.6. Canada
      • 7.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
      • 7.2.6.2. Canada Market Revenue, By Component, 2016 – 2028
      • 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
    • 7.2.7. Mexico
      • 7.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
      • 7.2.7.2. Mexico Market Revenue, By Component, 2016 – 2028
      • 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
  • 7.3. Europe
    • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.3.2. Europe Market Revenue, By Product, 2016 – 2028
    • 7.3.3. Europe Market Revenue, By Component, 2016 – 2028
    • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
    • 7.3.5. Germany
      • 7.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
      • 7.3.5.2. Germany Market Revenue, By Component, 2016 – 2028
      • 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
    • 7.3.6. France
      • 7.3.6.1. France Market Revenue, By Product, 2016 – 2028
      • 7.3.6.2. France Market Revenue, By Component, 2016 – 2028
      • 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
    • 7.3.7. U.K.
      • 7.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
      • 7.3.7.2. U.K. Market Revenue, By Component, 2016 – 2028
      • 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
    • 7.3.8. Italy
      • 7.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
      • 7.3.8.2. Italy Market Revenue, By Component, 2016 – 2028
      • 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
    • 7.3.9. Spain
      • 7.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
      • 7.3.9.2. Spain Market Revenue, By Component, 2016 – 2028
      • 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
    • 7.3.10. Rest of Europe
      • 7.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
      • 7.3.10.2. Rest of Europe Market Revenue, By Component, 2016 – 2028
      • 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
    • 7.4.3. Asia Pacific Market Revenue, By Component, 2016 – 2028
    • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 7.4.5. China
      • 7.4.5.1. China Market Revenue, By Product, 2016 – 2028
      • 7.4.5.2. China Market Revenue, By Component, 2016 – 2028
      • 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
    • 7.4.6. Japan
      • 7.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
      • 7.4.6.2. Japan Market Revenue, By Component, 2016 – 2028
      • 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
    • 7.4.7. India
      • 7.4.7.1. India Market Revenue, By Product, 2016 – 2028
      • 7.4.7.2. India Market Revenue, By Component, 2016 – 2028
      • 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
    • 7.4.8. South Korea
      • 7.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
      • 7.4.8.2. South Korea Market Revenue, By Component, 2016 – 2028
      • 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
    • 7.4.9. South-East Asia
      • 7.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
      • 7.4.9.2. South-East Asia Market Revenue, By Component, 2016 – 2028
      • 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
    • 7.4.10. Rest of Asia Pacific
      • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Component, 2016 – 2028
      • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
  • 7.5. Latin America
    • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.5.2. Latin America Market Revenue, By Product, 2016 – 2028
    • 7.5.3. Latin America Market Revenue, By Component, 2016 – 2028
    • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
    • 7.5.5. Brazil
      • 7.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
      • 7.5.5.2. Brazil Market Revenue, By Component, 2016 – 2028
      • 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
    • 7.5.6. Argentina
      • 7.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
      • 7.5.6.2. Argentina Market Revenue, By Component, 2016 – 2028
      • 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
    • 7.5.7. Rest of Latin America
      • 7.5.7.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
      • 7.5.7.2. Rest of Latin America Market Revenue, By Component, 2016 – 2028
      • 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
  • 7.6. The Middle-East and Africa
    • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
    • 7.6.3. The Middle-East and Africa Market Revenue, By Component, 2016 – 2028
    • 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
    • 7.6.5. GCC Countries
      • 7.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
      • 7.6.5.2. GCC Countries Market Revenue, By Component, 2016 – 2028
      • 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
    • 7.6.6. South Africa
      • 7.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
      • 7.6.6.2. South Africa Market Revenue, By Component, 2016 – 2028
      • 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
    • 7.6.7. Rest of Middle-East Africa
      • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
      • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Component, 2016 – 2028
      • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
• Chapter No. 8 Agriculture Drone Market – Industry Analysis
  • 8.1. Introduction
  • 8.2. Market Drivers
    • 8.2.1. Driving Factor 1 Analysis
    • 8.2.2. Driving Factor 2 Analysis
  • 8.3. Market Restraints
    • 8.3.1. Restraining Factor Analysis
  • 8.4. Market Opportunities
    • 8.4.1. Market Opportunity Analysis
  • 8.5. Porter’s Five Forces Analysis
  • 8.6. PEST Analysis
  • 8.7. Regulatory Landscape
  • 8.8. Technulogy Landscape
  • 8.9. Regional Market Trends
    • 8.9.1. North America
    • 8.9.2. Europe
    • 8.9.3. Asia Pacific
    • 8.9.4. Latin America
    • 8.9.5. The Middle-East and Africa
  • 8.10. Pricing Analysis
  • 8.11. Value Chain Analysis
  • 8.12. Downstream Buyers
  • 8.13. Distributors/Traders List
• Chapter No. 9 Competitive Landscape
  • 9.1. Company Market Share Analysis – 2019
    • 9.1.1. Global Agriculture Drone Market: Company Market Share, 2019
    • 9.1.2. Global Agriculture Drone Market, Company Market Revenue, 2016 – 2019 (USD Million)
    • 9.1.3. Global Agriculture Drone Market, Company Y-o-Y Growth, 2017 – 2019 (%)
    • 9.1.4. Global Agriculture Drone Market: Radar Determinant Chart, 2019
  • 9.2. Strategic Developments
    • 9.2.1. Acquisitions & Mergers
    • 9.2.2. New Product Launch
    • 9.2.3. Regional Expansion
  • 9.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 10 Company Profiles
  • 10.1. Precision Hawk
    • 10.1.1. Company Overview
    • 10.1.2. Key Executives
    • 10.1.3. Product Portfulio
    • 10.1.4. Financial Overview
    • 10.1.5. Operating Business Segments
    • 10.1.6. Business Performance
    • 10.1.7. Recent Developments
  • 10.2. DJI
  • 10.3. Trimble Inc.
  • 10.4. Parrot
  • 10.5. 3DR
  • 10.6. AeroVironment, Inc.
  • 10.7. Yamaha Motor Corp.
  • 10.8. DroneDeploy
  • 10.9. AgEagle Aerial Systems, Inc.
  • 10.10. OPTiM Corp.
• Chapter No. 11 Marketing Strategy Analysis
  • 11.1. Marketing Channel
  • 11.2. Direct Marketing
  • 11.3. Indirect Marketing
  • 11.4. Marketing Channel Development Trends
  • 11.5. Economic/Pulitical Environmental Change
• Chapter No. 12 Research Methodulogy
  • 12.1. Research Methodulogy
  • 12.2. Phase I - Secondary Research
  • 12.3. Phase II - Data Modeling
    • 12.3.1. Company Share Analysis Model
    • 12.3.2. Revenue Based Modeling
  • 12.4. Phase III - Primary Research
  • 12.5. Research Limitations
    • 12.5.1. Assumptions

Methodology

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.   

Primary Research

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:

• Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
• Helps in validating and strengthening the secondary research findings
• Further, develops the analysis team’s expertise and market understanding
• Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

• Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
• Purchasing managers, technical personnel, distributors and resellers
• Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

• Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
• IDC and other relevant magazines
• Internal and external proprietary databases, and relevant patent and regulatory databases
• National government documents, statistical databases and market reports

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.

Models

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:

• Demographic data: Population split by segments
• Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
• Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
• Data is then cross-checked by an expert panel.

Free Analysis

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