The global agriculture drone market size is projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period. Emergence of startups specializing in developing unmanned aerial vehicles (UAVs) for agriculture will significantly enhance the potential of the market.
The Agriculture Drones Industry refers to the use of unmanned aerial vehicles (UAVs) or drones in agricultural applications. These drones are equipped with various sensors, cameras, and software that enable farmers to gather real-time data on crop health, moisture levels, and soil conditions. The market has witnessed significant growth in recent years, driven by the increasing demand for precision agriculture techniques and the need for efficient crop monitoring. The use of drones in agriculture has also been linked to increased yields, reduced operational costs, and improved sustainability. The market includes various types of drones, such as fixed-wing, multi-rotor, and hybrid drones, as well as a range of software solutions and support services. The Agriculture Drones Market is expected to continue to grow in the coming years, driven by advancements in drone technology and the increasing adoption of precision agriculture techniques.
List of Key Players Covered in the Agriculture Drone Market Report:
- Delair Tech SAS (France)
- Parrot Drone (France)
- 3D Robotics (the US)
- AeroVironment Inc. (the US)
- GoPro (the US)
- Drone Deploy (the US)
- Sintera LLC (the US)
- Ag Eagle (the US)
- Trimble Navigation Ltd. (the US)
- Precision Hawk (the US)
- DJI (China)
Market Driver
Skyrocketing Demand for Food Worldwide to Propel the Market
The expected surge in demand for food and grains worldwide over the next few decades is the most critical factor driving the growth of the agriculture drone market. UN projections indicate that the global population will reach 9.1 billion by 2050, with sub-Saharan Africa experiencing the fastest growth. To meet the food requirements of this rising population, the Food and Agriculture Organization (FAO) estimates that overall food production will need to increase by 70%, and production in developing countries will need to double from current levels. Agriculture drones will play a crucial role in supporting governments’ efforts to increase farm yields. These unmanned aerial vehicles offer significant advantages to farmers, such as the ability to collect accurate information on soil conditions using smart sensors. Additionally, drones can be used to spray crops with insecticides and pesticides, reducing farmers’ exposure to these harmful chemicals.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/agriculture-drones-market-102589
Regional Insights
Quick Adoption of Advanced Drones for Agriculture to Feed Market Growth in North America
North America, with a market size of USD 367.6 million in 2019, is anticipated to lead the agriculture drone market share during the forecast period. This is mainly attributable to the rapid uptake of advanced UAVs by farmers in the region to increase farm output. Complementing this is the framing of friendly policies by lawmakers in the region supporting deployment of commercial drones and small UAVs for agricultural activities. Asia Pacific is expected to generate tremendous growth opportunities for this market as the countries in the region are heavily dependent on agriculture and are making massive investments to make agriculture more technology-driven. In Europe, the ability of farmers to utilize drone technology for better farm yields will augur well for the market.
Industry Developments:
- April 2020: DJI, the Chinese drone maker, released its new offering called the “Mavic Air 2” drone, the successor to the company’s 2018 Mavic Air drone. The new product comes in two variants, the standard and the Fly More, with both being available for immediate purchase in China.
- September 2019: AeroVironment launched the enhanced, next-gen version of its flagship Quantix VTOL hybrid drone and the AeroVironment Decision Support System for precision farming. Equipped with sensors and multispectral imagery capabilities, Quantix is designed to perform crop scouting and can survey up to 400 acres within 45 minutes.