Market Size in 2020 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2604.12 Million | USD 6586.47 Million | 14.1% | 2020 |
According to Zion Market Research, The global Agriculture Drone market size accounted for USD 2604.12 Million in 2020 and is expected to reach USD 6586.47 Million by 2028, growing at a CAGR of 14.1% from 2021 to 2028.
An agricultural drone is an aerial device used to help optimize agriculture proceeds, increase crop production and check for further growth. In-built sensors provide a better view of the fields, to the farmer. Due to increasing technological advancements, agricultural drones have gained fame over the years. These are also known as unmanned aerial vehicles (UAV) that aids the farmer with necessary information about the agricultural land. Growing awareness and compulsion to shift over to smart agriculture has supported the agricultural drone market.
Backed by revolutionary technicalities and the extensive use of high-quality cameras, this agricultural drone allows the farmer to be aware of the land’s water and nutrient requirements. Furthermore, the demand for this product has paved way for increased investments in R&D for developing more sophisticated products which are farmer-friendly. All these factors have caused emerging startups to invest wisely in this market and have proved to be lucrative.
COVID-19 has caused the entire world to go on a shutdown, causing all labor-intensive activities to come to a saturation point. Due to the government regulations to save the people from the pandemic, there emerged a compulsive need to mechanize the labor-dependent work sectors. Agriculture, being the most labor-dependent sector of all was in great demand for devices and machines to substitute the farmer’s day of work. Therefore, the market is hugely profitable in the forthcoming years. Although the pandemic has also made it difficult for the smooth production of automated devices and machines, it is expected to take a positive U-turn in the near future and hence the market would remain favorable in the upcoming year.
The need for coping up with the change in technology, lack of labor, and efficiency requirements has worked in favor of the agricultural drone market. Features like in-built sensors, automated GPS, and 3D mapping of the field have proven to be the driving factors of the market. At present, there is a need to do precision agriculture where the farmer is required to observe, measure, and respond to crop production. This can be achieved most efficiently only with the help of agriculture drones that provide reliable information regarding the land’s requirements.
Due to unpredictable climatic changes and increasing environmental pollution, the farmer is required to be more conscious and cater to the needs of the land as and when required. To make this most effective, agriculture drones with RGB cameras, GPS systems, and 3D prints are the most sought-after product causing the agriculture drone market to be the most beneficial in the near future. These trends are expected to continue and propel the growth of the agriculture drone market size in the coming years.
Agriculture drone can be used in soil and field analysis, planting, crop spraying, crop monitoring, irrigation and others. Data generated by drones can help farmers to gain a more accurate & detailed view that how their crops are responding to their management strategies which may lead to the most effective use of limited resources. Different types of drones help to elevate agricultural efficiency.
Increasing applications of drone in agriculture sectors have influenced the industry to invest significantly in funding UAV-based startups. Also, increasing funding from venture-based firms for agricultural drones is fueling the market growth. However, lack of trained pilots and stringent regulations may restrain the growth of agricultural drones market over the forecast period.
On the basis of Product, the market is segmented into fixed-wing, rotary blade, and hybrid. The rotary wing segment holds a clear dominance and is expected to lead in the coming years as well. Using the multi-rotors, rotary wing drones do not depend on extra space for flight and landing.
Although, the hybrid UAVs are expected to be profitable, owing to the capability of covering long distances over the fields. Altogether, the multiplication of economical navigation which includes inspection and mapping, has helped the farmers with extensive and increased crop production.
The market is broken down into field mapping & monitoring, crop scouting, variable rate application, and others. While, the most important part of farming is to find the right soil for plantation, and hence, the field mapping and monitoring holds an edge over the other application types in the agriculture drone market. With a RGB camera, the UAVs can cover long distances to access the right spot for planting and sowing seeds.
Due to the growing concerns of pest infestations and diseases caused by it, the crop scouting segment is forecasted to grow in the following years. Pest management is pivotal as it can ruin the entire plantation, if proper care is not given. There is a constant concern regarding over-spraying fertilizers, making the soil inhospitable or unhealthy and Crop scouting UAVs are expected to eradicate these concerns in the forecasted period.
Report Attributes | Report Details |
---|---|
Report Name | Agriculture Drone Market Research Report |
Market Size in 2021 | USD 2604.12 million |
Market Forecast in 2028 | USD 6586.47 million |
Growth Rate | CAGR of 14.1% |
Number of Pages | 218 |
Key Companies Covered | Cargill Inc., Dairyland Laboratories Inc., Flavorjen Group, and Shanghai Fuxin Fine Chemical Co., Ltd |
Segments Covered | By Product, By Application Type, By Component and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Geographically, North America is the most advantageous region due to its government support through the Department of Transportation (DOT) and the Federal Aviation Administration (FAA). Numerous businesses in North America are involved in commercial agriculture, and the region is dependent on it. Not forgetting the promising manufacturing companies dispersed throughout the United States and Canada, which play a crucial role in maintaining North America's dominance over the rest of the world in the agriculture drone market.
Whilst, Europe is expected to be most viable in the future, owing to the raising awareness of smart agriculture and need to improve crop production. Asia Pacific is also expected to perform better in the future having major agricultural production.
North America dominated the global agriculture drone market due to high production and increasing applications in the agriculture sectors. Europe commercial drone market is expected to grow considerably in the forecast years owing to the relaxations in regulations and increasing applications in law enforcement and agricultural applications.
Some of key players in the Global Agriculture Drone Market are
By Product
By Component
By Application Type
By Region
FrequentlyAsked Questions
The global agriculture drone market was valued at USD 5,968.7 Million in 2020.
The global agriculture drone market is expected to reach USD 8,330.6 Million by 2028, growing at a CAGR of 4.5% between 2021 to 2028.
The need for coping up with the change in technology, lack of labor and efficiency requirements have worked in favor of the agricultural drone market. Features like in-built sensors, automated GPS, 3D mapping of the field has proven to be the driving factors of the market. At present, there is a need to do precision agriculture where the farmer is required to observe, measure, respond to the crop production. This can be achieved most efficiently only with the help of agriculture drones that provide reliable information regarding the land’s requirements.
Geographically speaking, North America proves to be most favorable with its complete support from the government through Department of Transportation (DOT) and Federal Aviation Administration (FAA). North America has very many companies that are involved in commercial farming and it Camera Systemly depends on it. Not to forget the promising manufacturing companies spread across in the U.S and Canada, playing an important role for North America to hold its dominance against the rest of the world in agriculture drone market.
Some of key players in home agriculture drone market are DJI , Precision Hawk, Trimble Inc., Parrot, 3DR , AeroVironment, Inc., Yamaha Motor Corp., DroneDeploy, AgEagle Aerial Systems, Inc. , and OPTiM Corp. Although, major innovators are SenseFLY, Pix4D, Sentera Inc., SlantRange, ATMOS UAV, Delair, and Nileworks Inc.
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