Agriculture Drones Market
GMI Research anticipates the Agriculture Drone Market to grow at a vigorous CAGR of 24% during the forecast period (2020-2027).
The factors driving the growth of Agriculture Drones Market includes growing world population, increasing investments for developing agriculture drones and rising application of data analytics to conduct field surveys. Moreover, the integration of advanced technologies such as Big Data and Artificial Intelligence along with rising consciousness about precision farming technique and the increasing use of drones for field planning and soil analysis, are expected to boost the Global Agriculture Drones Market in the coming years. The increasing availability of software solutions for field surveys such as PX4 and its growing use to enhance crop production, are some of additional factors supplementing the Agriculture Drone Market Size. In addition, the increasing investments in the drone industry, is expected to increase the market growth in coming years, the Government of India is planning to create drone ports and, which would allow 100% foreign direct investment (FDI) for manufacturing the remotely piloted aircraft and expects the current 40,000 drones to reach 1 million in 5 years.
However, the growth of Agriculture Drones Market is hindered due to insufficient knowledge about Agriculture Drones amongst the farmers and ineffiective air traffic management.
The key players operating in the market are AgEagle Aerial Systems Inc., Sentera, Inc., SZ DJI Technology Co., Ltd., PrecisionHawk, Wingtra AG, Pix4D SA, Delair, Parrot Drones SAS, AeroVironment, Inc. and Yamaha Motor Co., Ltd. Among others.
Operation: Segment Analysis
Based on the mode of operation, the global agriculture drones market the semi-autonomous agriculture drones captured the largest share in 2019 due to emerging need to manage agricultural pesticide spraying systems.
Range: Segment Analysis
Based on the range, the Visual Line of Sight (VLOS) segment dominated the market during the forecast period due to rising application of Unmanned Ariel Vehicles for precision farming and monitoring activities.
Application: Segment Analysis
Based on the application, the precision agriculture segment held the largest market share in 2019 because it increases farmers options to increase their produce and it helps in reducing the overall crop damage.
Regional: Segment Analysis
Based on the region, North America captured the highest market share in 2019. The increasing adoption of agriculture drones and rising investments by venture capitalists, are propelling the market growth in North America.
Global Agriculture Drones Market by Offering
Global Agriculture Drones Market by Component
Global Agriculture Drones Market by Mode of Operation
Global Agriculture Drones by Market by Range
Global Agriculture Drones Market by Application
Global Agriculture Drones Market by Region
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