Agricultural Drones Market | Key Trends and Forecast to 2023
Added: (Tue Jun 25 2019)
Pressbox (Press Release) -
Agricultural Drones Market Size and Growth: Agricultural Drones Market was worth USD 1.8 billion in 2019 and estimated to be growing at a CAGR of 29.44% to reach USD 6.7 billion by 2023.
Agricultural Drones Market Overview:
Agricultural drones use an automated process to make farming more productive, and they are about to be the brink of becoming the new workhorses on farms. Drones provide a better, more flexible visualization. With the focus on productivity in agriculture spiraling upward in the farming sector, drones could be the answer to improved automation and precise control of farm monitoring and operations. Robots are beginning to transform the way the agriculture sector functions and the advent of agricultural drones could take that change to a whole new level. Globally, farmers are adapting to drone availability, using aerial cameras to visualize plants. Video, specialized video, targeted video, and agricultural spraying systems are offered. Agricultural Drones use Technology for Spraying, Mapping, Pest Control, Seeding, Remote Sensing, and Precision Agriculture.
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Agricultural Drones Market Drivers and Restraints:
The market is primarily driven by the increasing adoption of drones for crop spraying application resulting in an increase in the yield and reducing the wastage in spraying fertilizers & pesticides. Also, farmers are increasingly implementing this technology, in farming, to gain better productivity and to increase the efficiency in usage of water, land, and fertilizers. Moreover, technological advancements, including sensors, better materials, and imaging capabilities, are also expected to drive the agricultural sector. However, lack of awareness and a limited number of skilled professionals are restraining the growth of the market.
Report segmented as
By Product Type:
• Hardware
• Software
By Application:
• Field Mapping
• Variable Rate Application
• Crop Scouting
• Crop Spraying
• Livestock
• Agriculture Photography
Geographical Analysis:
Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle -East and Africa. North America Agricultural drones market size was over 30% of the global revenue in 2016. Rising trend of implementation of UAVs for enhanced productivity and increasing awareness of precision agriculture for crop scouting and field mapping is expected to drive the industry growth in this region. APAC agricultural drones market will benefit from growing adoption and technological developments. Companies are investing in the area to develop low cost and capable UAVs for numerous applications in the agricultural sector.
Important Market Players:
Some of the primary key players in the market are Trimble Navigation Ltd., DJI Technology, 3D Robotics, PrecisionHawk, AeroVironment, Inc., Parrot SA, and DroneDeploy.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
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