The agriculture drones global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Agriculture Drones Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The agriculture drones market size has grown exponentially in recent years. It will grow from <b>$1.94 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 33.7%. </b> The growth in the historic period can be attributed to precision agriculture adoption, government support and subsidies, farm size and labor efficiency, crop health monitoring, demonstration and awareness programs, rising global population, increased mapping and surveying applications.
The agriculture drones market size is expected to see exponential growth in the next few years. It will grow to <b>$7.62 billion in 2028 at a compound annual growth rate (CAGR) of 30.9%. </b> The growth in the forecast period can be attributed to climate change and sustainable agriculture, automated spraying systems, customization for crop types, education and training programs, increasing focus on organic farming, market entry of new players, regulatory support and guidelines. Major trends in the forecast period include multispectral and hyperspectral imaging, weather monitoring and predictive analytics, drone-as-a-service (daas) models, drones for crop monitoring and inventory management, integration with ai and machine learning, beyond visual line of sight operations.
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Scope Of Agriculture Drones Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Agriculture Drones Market Overview
Market Drivers –
An increase in the demand for food is driving the growth of the agriculture drone market going forward. Food refers to the substance eaten by humans and animals to provide essential nutrition and nourishment to the body. The growing population of people across the globe is causing an increase in food demand. Through drone technology, farmers can adopt a multi-dimension strategy involving improvement in irrigation, control of pest infestation, monitoring crop health, labor cost reduction on farms, and so on, effectively leading to an increased crop yield. For instance, according to data from The Food and Agricultural Organization, a Canada-based body of the United Nations, global food production will need to increase by 70% to meet the growing global population growth that is forecasted to reach 9.6 billion by 2050. Therefore, an increase in demand for food is driving the agriculture drone market.
Market Trends –
Product innovations have emerged as a key trend gaining popularity in the agriculture drone market. Product innovations in drones enable businesses to remain relevant in their markets while also growing and improving over time. Major companies operating in the agriculture drone market are focused on innovating new products such as smart drones or next-generation intelligent drones. A smart drone is an unmanned aerial vehicle (UAV) that carries out difficult tasks using intelligent software. For Instance, in January 2022, Eavision, a US-based smart agricultural robotics company launched the EA-30X, an agriculture drone with dual-eye environment sensing technology that enables safe and dynamic continuous obstacle avoidance and full coverage of terrain below 90 degrees. This drone also contains the new generation of a lighting system and the CCMS-L20000 dual-peak misting nozzle, and can also be used for operations for agriculture purposes in hills and mountains. The drone’s unique features include precision spraying at predetermined locations and clever path design with numerous takeoff and landing spots.
The agriculture drones market covered in this report is segmented –
1) By Type: Fixed Wing, Rotary Blade, Hybrid
2) By Farming Environment: Outdoor, Indoor
3) By Farm Size: Small Farms, Mid-Sized Farms, Large Farms
4) By Application: Field Mapping, Variable Rate Application, Crop Spraying, Crop Scouting, Livestock, Agriculture Photography, Other Applications
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Regional Insights –
North America was the largest region in the agriculture drones market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the agriculture drones market report are SZ DJI Technology Co. Ltd., Parrot Drones SAS, 3D Robotics Inc., Yamaha Motor Co. Ltd., DroneDeploy Inc., AgEagle Aerial Systems Inc., OPTiM Corporation, CropX Technologies Ltd., PrecisionHawk Inc., Delair-Tech SAS, Microdrones GmbH, Sky-Drones Technologies Ltd., Sentera Inc., Pix4D SA, Solvi Technologies, Thanos Technologies Private Limited, AeroVironment Inc., AGCO Corporation, AutoCopter Corporation, Honey Comb Corporation, Trimble Inc., FMC Corporation, Farm Solutions Limited, Farmbot, Farmdrones, Farmobile LLC, Flyability SA, Green Aero Tech Inc., H3 Dynamics Holdings Pte. Ltd., IntelinAir Inc.
Table of Contents
1. Executive Summary
2. Agriculture Drones Market characterstics
3. Agriculture Drones Market Trends And Strategies
4. Agriculture Drones Market – Macro Economic Scenario
5. Global Agriculture Drones Market Size And Growth
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31. Global Agriculture Drones Market Competitive Benchmarking
32. Global Agriculture Drones Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Agriculture Drones Market
34. Agriculture Drones Market Future Outlook and Potential Analysis
35. Appendix
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