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Agricultural Drones Market Size By Product (Hardware [Fixed Wing, Rotary Blade, Hybrid], Software [Data Analytics, Data Management, Imaging]), By Application (Field Mapping, Variable Rate Application, Crop Scouting, Crop Spraying, Livestock, Agriculture Photography And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast To 2027.

Published: March, 2023
ID: 4012
Pages: 175
Formats: report pdf report excel report power bi report ppt

Agricultural Drones Market Size & Growth (2022 - 2027):

Agricultural Drones Market was worth USD 1.8 billion in 2021 and is estimated to be growing at a CAGR of 29.44% to reach USD 6.7 billion by 2026.

Agricultural drones use an automated process to make farming more productive and they are about to be on the brink of becoming the new workhorses on farms. Drones provide a better, more flexible visualization. With the focus on productivity in agriculture spiraling upward in the farming sector, drones could be the answer to improved automation and precise control of farm monitoring and operations.

Robots are beginning to transform the way the agriculture sector functions and the advent of agricultural drones could take that change to a whole new level. Globally, farmers are adapting to drone availability, using aerial cameras to visualize plants. Video, specialized video, targeted video, and agricultural spraying systems are offered. Agricultural Drones use Technology for Spraying, Mapping, Pest Control, Seeding, Remote Sensing, and Precision Agriculture.

Drivers and Restraints:

The market is primarily driven by the increasing adoption of drones for crop spraying applications resulting in an increase in the yield and reducing the wastage in spraying fertilizers & pesticides. Also, farmers are increasingly implementing this technology, in farming, to gain better productivity and to increase the efficiency in usage of water, land, and fertilizers. Moreover, technological advancements, including sensors, better materials, and imaging capabilities, are also expected to drive the agricultural sector. However, lack of awareness and a limited number of skilled professionals are restraining the growth of the market.

AGRICULTURAL DRONES MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

29.44%

Segments Covered

By Product, By Application

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Trimble Navigation Ltd., DJI Technology, 3D Robotics, PrecisionHawk, AeroVironment, Inc., Parrot SA, and DroneDeploy.

Market Segmentation:

Agricultural Drones Market – By Product:

  • Hardware

  • Software

The hardware segment consists of fixed-wing, rotary blade, and hybrid whereas, the software segment consists of data management, imaging software, and data analysis.

Agricultural Drones Market – By Application:

  • field mapping
  • variable rate application
  • crop scouting
  • crop spraying
  • livestock
  • agriculture photography
  • others

Hardware accounted for the majority of agricultural drone market share in 2016, owing to high-cost components such as fixed-wing, rotary blades, and hybrid UAVs. Hybrid UAVs will witness growth in the forecast period since they can perform long-distance tasks along with hovering over the agricultural fields. Field mapping applications dominated the agricultural drones market size. Benefits such as increasing yield by analyzing and monitoring the crops are expected to support the segment growth over the forecast timeline. Crop scouting is expected to witness significant growth owing to its accuracy of fertilizer spraying.

Agricultural Drones Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle -East, and Africa

North America Agricultural drones market size was over 30% of the global revenue in 2016. The rising trend of implementation of UAVs for enhanced productivity and increasing awareness of precision agriculture for crop scouting and field mapping is expected to drive the industry growth in this region. APAC's agricultural drones market will benefit from growing adoption and technological developments. Companies are investing in the region to develop low-cost and effective UAVs for numerous applications in the agricultural sector.

Key Players:

Some of the major key players in the market are

  • Trimble Navigation Ltd.
  • DJI Technology
  • 3D Robotics
  • PrecisionHawk,
  • AeroVironment, Inc.
  • Parrot SA
  • DroneDeploy.

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