The global agriculture drone market is expected to reach USD 3,770.0
million by 2024, according to a new report by Grand View Research, Inc. The increasing
technological advancements in equipment and for enhancing the quality of the
farming techniques have led to the increased implementation of agriculture
drones in the market.
Increasing automation in the
agriculture process, owing to the labor crisis, such as lack of skilled
farmers, aging farmers, is also expected to positively impact the market
growth. A favorable shift in the regulatory policy is also expected to allow
start-ups to operate in small and large farming operations and aid in disease
& water management.
Innovations in the GPS mapping
field coupled with the advancements in precision agriculture are expected to
propel 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 growth.
The companies operating in the
industry are designing and manufacturing systems that are collecting the data
and are incorporating them into business models. which is further anticipated
to enhance the industry growth. The data gathered from drones help the farmers
to improve yields; supply water, fertilizer, or chemical when needed, and are
also able to map their fields, check for signs of disease, monitor crop health,
and save time in the process.
The scarcity of trained pilots
for operating the drones may impact the market growth, although the market is
expecting to overcome the scarcity, gradually, with the increasing applications
of the drone.
Browse full research report on Global Agriculture drone Market: http://www.grandviewresearch.com/industry-analysis/agriculture-drones-market
Further key findings from
the report suggest:
- The fixed wing agriculture drone is expected to remain as a key revenue generating segment over the forecast period. The hybrid agriculture drones are anticipated to witness enormous growth in the next 8 years, owing to their ability to carry heavy weights and hover over fields.
- The crop scouting application is anticipated to drive the market growth over the forecast period, with the increasing application of crop spraying, which will further increase the yields and reduce the wastage of pesticides & fertilizers and crops.
- The North America agriculture drones market is expected to remain the key revenue generating region with a prevalent share of the industry. The increasing adoption of the drones, in various applications including spraying, seeding, and livestock farming, has led to the enormous market share.
- The Asia Pacific agriculture drone market is anticipated to witness a significant growth over the forecast period, owing to the increasing investments in R&D in the region.
- The key players in the agriculture drone market include DJI Technology, Trimble Navigation Ltd., PrecisionHawk, Parrot SA, and 3D Robotics
Grand View Research has segmented the agriculture drone
market based on product type, application, and region:
Product Outlook (Transaction Revenue, USD Billion, 2014
- 2024)
- Fixed wing
- Rotary blade
- Hybrid
Application Outlook (Transaction Revenue, USD Billion,
2014 - 2024)
- Field mapping
- Variable rate application
- Crop scouting
- Others
Regional Outlook (Transaction Revenue, USD Billion, 2014
- 2024)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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