An agricultural drone is an unmanned aerial vehicle that is used in agriculture for yield optimization, crop development and production observing. A drone’s mid-air view can aid in the real-time monitoring of crop growth stages, crop health, and soil variances, agreeing for any necessary mitigation. Multispectral instruments may gather data in both the near-infrared and visible continuums of the electromagnetic continuum. The Agriculture Drones Market report’s segment analysis is provided on the basis of component, offering, application and region.
Agriculture Drones Market Report Scope and Research Methodology:
The main goal of the report is to provide a thorough analysis of the Agriculture Drones market in simple language, including both qualitative and quantitative data. It also includes a detailed examination of the Agriculture Drones market drivers, restraints, challenges, and opportunities from 2022 to 2027. The report examines all major aspects of the Agriculture Drones market, including a value chain analysis, PESTLE analysis, Porter’s Five Forces model, market forecasts in terms of value competitive landscape, benchmarking of key players, market dynamics, and future market trends.
The size of the and regional Agriculture Drones markets was estimated using the bottom-up method. To obtain accurate and error-free findings on the Agriculture Drones market, data was gathered using both primary and secondary research methods, and data was gathered using both methodologies. As part of the primary research, interviews were conducted with industry participants, subject-matter experts, high-level executives of key market players, industry consultants, and other experts. Secondary research entails gathering data for the Agriculture Drones market report from a pre-selected set of sources. The PESTLE analysis in the report aids in the development of company strategies in the Agriculture Drones industry. A SWOT analysis was used to determine the market’s strengths and weaknesses.
Agriculture Drones Market Report Overview:
Stellar Market Research has released reports to help clients understand the landscape of the Agriculture Drones Market in which they compete. The report provides market insights to clients in order to help them understand future demand for their product and how competitive the Agriculture Drones is likely to be. The Agriculture Drones market overview contains detailed information about the market’s size, trade statistics, key players, and various market metrics such as life cycle, trends, and so on.
Agriculture Drones Market size was valued at US$ 1.3 Bn in 2020. The Global Agriculture Drones Market is estimated to grow at a CAGR of 23.4% over the forecast period.
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Agriculture Drones Market Dynamics:
Precision farming has several benefits for the agricultural industry. Different technologies are being developed, including global positioning systems and guided vehicles, to the attendant in a new era of precision farming. The agricultural sector’s rapid growth, which is already incorporating technology advancements into its agricultural methods, will continue to fuel the market for precision farming and, as a result, agriculture drones. Moreover, a lack of agricultural employment, which fell from 27.8% in 2017 to 26.4% in 2020 as a percentage of the entire population, has led to a greater reliance on precision farming instruments such as agricultural drones which is a major factor for driving the growth of the agriculture drones market.
Agriculture Drones Market Segmentation:
By Application, the market is segmented as Precision Agriculture, Livestock Monitoring, Smart Greenhouse, Irrigation, and Precision Fish Farming. The Precision Agriculture segment dominated the Agriculture Drones Market with a 35% share in 2020. Precision farming also known as precision agriculture, is information and technology-based farm management system that identifies, analyses, and manages spatial and temporal variability within fields for maximum productivity and profitability, as well as long-term sustainability and land resource protection. Apart from this, the application of information technology to the assessment of fine-scale animal and physical resource variability to better management techniques for economic, social, and environmental farming is driving the growth of this segment.
By Offering, the market is segmented as Hardware and Software. The Software segment dominated the agriculture drones market with a 74% share in 2020. The large investments made by venture capitalists and investors in start-up companies delivering software and analytics to digitise the information collected by drones are credited to this increase; the investments are mostly targeted at mapping, imaging, and data analytics software. The following are some of the best drone mapping software options such as 3D Mapping Solutions by Drone Deploy, Photogrammetry software Pix4D Mapper, and ReCap Photogrammetry Software by Auto Desk. Owing to this factor this segment is constantly growing.
By Component, the market is segmented as Cameras, Batteries, Navigation systems, and Others. The Camera segment dominated the market with a 45.3% share in 2020. During the forecast period, camera systems are expected to account for the highest proportion of the agriculture drones market. Because the camera system determines the application for which the drone will be utilised, it is an important component of an agriculture drone. The hyperspectral camera, for example, is great for investigating weed encroachment in farms, while the lidar camera is best for revealing farm slopes and sun exposure.
Agriculture Drones Market Key Players:
DJI (China)
PrecisionHawk (US)
Trimble Inc. (US)
Parrot (France)
3DR (US)
AeroVironment, Inc. (US)
Yamaha Motor Corp. (Japan)
DroneDeploy (US)
AgEagle Aerial Systems, Inc. (US)
OPTiM Corp. (Japan)
senseFLY (Switzerland)
Pix4D (Switzerland)
Sentera Inc. (US)
SlantRange (US)
ATMOS UAV (Netherlands)
Delair (France)
Nileworks Inc. (Japan)
Agriculture Drones Market Regional Insights:
The Regional Analysis section of the report aids in understanding the Agriculture Drones market in various countries. The Agriculture Drones market in each region is influenced by political, geographic, purchasing behavior, and other factors. The performance of the Agriculture Drones market frequently influences local development plans. The report examines all factors thoroughly, including market size, growth rate, import and export in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Key questions answered in the Agriculture Drones Market are:
- What is Agriculture Drones Market?
- What are the trends in the Agriculture Drones Market?
- What are the factors contributing to the final price of Agriculture Drones Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Agriculture Drones Market?
- How is the intervention from regulatory authority is shaping the Agriculture Drones Market?
- What growth strategies are the players considering to increase their presence in Agriculture Drones Market?
- Who held the largest market share in Agriculture Drones Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2027.
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
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