Worldwide Agriculture Drones Market is projected to garner around US $8,019.8 million by the year 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2017-2026.
According to the report, the agricultural drones are being increasingly adopted across the globe in order to keep up with the growing agricultural industry, and meet the high demand for superior-quality food crops. The burgeoning use of drones for weed detection, monitoring crop health, crop scouting, variable rate application, and livestock management are expected to bolster the agricultural drones market growth over the forecast period.
Other significant factors triggering market growth are the increasing population, rising automation of farm operations, higher need for crop quality improvement, lower availability of labor, surging labor costs, and the ascending need for maximizing crop production and increasing productivity. In spite of these, certain safety and privacy concerns would impede market growth to certain extent. However, burgeoning demand from the developing economies, along with technological enhancements, would offer multiple growth opportunities to the global agriculture drones market.
According to the United States Department of Agriculture, the NAIP (National Agriculture Imagery Program) uses drones with camera and sensor payloads, for developing digital orthophotographs. These images can be used by government agencies as well as the general public for the assessment of land usage, crop plantings & yields, etc. Reportedly, Agribotix LLC had teamed up with IICA (Inter-American Institute for Cooperation on Agriculture) to introduce the agriculture drones, plus data analytics for the purpose of enhancing agricultural produce and crop health management.
In terms of component spectrum, the global agriculture drones market is bifurcated into software, hardware, and services. The hardware segment bagged the largest fragment in the global market, in the year 2017. The hardware employed in agriculture drones generally include navigation systems, technologically advanced cameras, frames, propulsion systems, controllers, and others. These components are essential for capturing information, and monitoring fields and crops. The various types of agriculture drones are fixed wing, hybrid, and rotary blade agriculture drones. Furthermore, based the on application landscape, the global market is segmented into crop scouting, field mapping, variable rate application, livestock management, and others. As reported, the filed mapping application segment dominated the global agriculture drones market in terms of revenue, in the year 2017.
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The geographical landscape of global agriculture drones market comprises North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region accounted for the highest revenue in the year 2017, and is predicted to lead the global market throughout the forecast timeframe. Market growth in this region can be attributed to the rising labor costs and rising automation in agricultural practices. Growing investments & subsidies by governments in the agricultural sector are likely to accelerate the adoption of agriculture drones to increment agricultural productivity.
The renowned agriculture drones market competitors profiled in the report include Drone Deploy, Trimble Navigation Limited, AgEagle Aerial Systems Inc., DJI Technology Co. Ltd, Eagle UAV Services LLC, Parrot SA, Agribotix LLC, Aerovironment Inc., 3D Robotics Inc., Ursula Agriculture, and Autocopter Corp. among others. These companies rely heavily on business tactics like joining hands with other market leaders to innovate new products and suffice the growing needs of consumers.