Agriculture Drone Market is expected to grow at a CAGR of 35.50% throughout the forecast period, to reach USD 19.33 Bn by 2029.
Agriculture Drone Market Overview
The Agriculture Drone market is covered in detail in the Maximize Market research report. The report focuses on emerging market trends and key growth factors in order to help market participants spot possibilities in the Agriculture Drone market. The report includes a thorough analysis of the Agriculture Drone market, as well as market financials such as market size from 2015 to 2020, with 2020 serving as the base year and forecast years 2022-2029. The Maximize Market Research report, categorizes the Agriculture Drone industry by product type, application areas, and geographies, covers the market’s breadth and segments.
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Agriculture Drone Market Scope
The research estimates the size of the Agriculture Drone market in terms of value and volume. It includes a thorough analysis of the market’s major drivers, restraints, and opportunities. Through Porter’s five forces analysis, the study examines the major elements that contribute to the growth of the Agriculture Drone market. Furthermore, the Agriculture Drone market participants have been profiled, with a particular emphasis on their product offers.
Market Dynamics:
Thanks to the government’s supportive policies and globalisation, the agricultural industry is experiencing exponential growth. On the other hand, as populations increase around the world, FDIs, governments, and important players have increased their investments in the agricultural sector. The market for agricultural drones is being driven by the expansion of crops produced for import and export as well as the pressure on the world’s food supply.
Manufacturers are increasingly concentrating on R & D and developing new advanced drone models that are user-friendly, effective, and require little maintenance as farmers adopt new farming techniques and technologies. In order to increase agricultural productivity, there is a high demand for real-time decision-making drones that are based on wireless platforms and can monitor factors like field mapping, harvesting management, irrigation scheduling, crop health, and yield monitoring effectively.
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Segmentation:
According to type, the hybrid drone segment had the largest market share in 2021 (4.1%) and is projected to reach USD$ 4.1 Mn by 2029. In the upcoming years, it is anticipated that the market for hybrid agricultural drones will expand due to their unique advantages over manned aircraft and ground spraying equipment. Based on a hybrid electric-fuel system, hybrid drones are simple to fly through farm fields for the duration of a job. For instance, the demand for hybrid agricultural drones has increased with the introduction of HYBRiX Spraying solution, which offers longer-endurance, incorporates a high-precision positioning system, and quickly completes the spraying process.
Key Players:
• AeroVironment, Inc.
• DJI Technology
• 3D Robotics
• Trimble Navigation Ltd.
• DroneDeploy
• Trimble Navigation Ltd.
• AgEagle Aerial Systems
• Agribotix LLC
• HoneyComb Corporation
• GoPro, Inc.
• Dow Jones Industrial Average
• Parrot SA
• PrecisionHawk
• Sentera
• Delair Tech SAS
• Insitu Pacific Pty. Ltd.
• Drone AG.
• Yamaha Motor Corp. (Japan)
• AgEagle Aerial Systems, Inc.
Regional Analysis
The research report gives a detailed analysis of the Agriculture Drone market that is divided into regions. The report includes an evaluation of regional market participants operating in the market, as well as findings pertinent to the target Agriculture Drone market. On a regional and country-by-country basis, the study evaluates the market in North America, Latin America, Europe, Asia Pacific (APAC), Africa, and the Middle East. Each region’s market is thoroughly researched, allowing for the discovery of regional market trends, constraints, and growth potential.
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Key Questions answered in the Agriculture Drone Market Report are:
- What is Agriculture Drone Market?
- What is the forecast period of the Agriculture Drone Market?
- What is the competitive scenario of the Agriculture Drone market?
- Which region held the largest market share in the Agriculture Drone Market?
- What are the opportunities for the Agriculture Drone Market?
- What factors are affecting the Agriculture Drone market growth?
- Who are the key players of the Agriculture Drone market?
- Which company held the largest share in the Agriculture Drone market?
- What will be the CAGR of the Agriculture Drone market during the forecast period?
- What key trends are likely to emerge in the Agriculture Drone market in the coming years?
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