Overview and Scope
Agriculture drones refer to unmanned aerial vehicles that are involved in carrying out various activities on the farm and assist the farmers in improving crop yield, reducing costs, and collecting agriculture data that is utilized for various purposes such as crop management, soil analysis, crop damage assessments, and so on.
Sizing and Forecast
The agriculture drones market size has grown exponentially in recent years. It will grow from $1.94 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 33.7%. 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 $7.62 billion in 2028 at a compound annual growth rate (CAGR) of 30.9%. 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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The agriculture drones market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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