Agriculture drone is an unmanned aerial vehicle (UAV) used in farming to help improve crop yields and track their growth. Sensors and digital imaging technologies can provide farmers with a more unobstructed view of their lands. This data can prove beneficial for enhancing crop production and farming effectiveness.
Recent Developments of the Agriculture Drones Market:
DJI, a market giant in Agricultural Drones, launched DJI Terra in 2019 of March, a new software platform that converts drone data into digital 3D objects and graphs for fast visualization and problem-solving. The platform helps individuals and organizations use DJI drone technology to record, model and interpret aerial videos for a wide range of applications across the public security, infrastructure, engineering, agriculture and film industries.
Market Driving Factors
Key Restraints
Technology is continuously changing, and each year key players are coming up with better and more sophisticated tools and applications that help the farmers. So, it might be difficult for new players of the agriculture drone industry to play the game of revenue as one has to invest a lot in the R&D sector in order to keep up with the competition.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
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Market Size Available |
2018 – 2024 |
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Base Year |
2018 |
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Forecast Period |
2019 - 2024 |
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Segments Covered |
By Type, Application & Region. |
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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. |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa. |
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Market Leaders Profiled |
AgEagle Aerial Systems, Agribotix LLC, GoPro Inc., Parrot SA, Sentara LLC, Insitu Pacific Pty. Ltd. Some other key Players of Market include DJI, Honeycomb Corporation, Dow Jones Industrial Average, Precision Hawk, Delair Tech SAS, and Drone AG |
This research report includes the segmentation & sub-segmentation of the Global Agriculture Drones Market size & evaluated forecast until 2024.
Global Agriculture Drones Market: By Type
Among all, the Hardware segment holds the majority of the market share in 2019, with 55%. The reason for this market share is attributed to the essential usage of these elements to get the basic functionality. One can dispose few software functionalities and still can have a predictable result, but that's not the case with Hardware. Also, the Software segment is expected to be the fastest-growing, which will expand at a CAGR of 26%. Such massive growth of the sector can be attributed to the increased applications and technological innovations in the field.
Global Agriculture Drones Market: By Application
Among all, the Field Mapping is the largest and the fastest-growing segment that accounted for a market share of over 43% in 2019. The segment is expected to expand at CAGR of 24% during the forecast period of 2019 - 2024. The reason for such growth can be attributed to its applications in precision farming. It helps to find the health condition of crops and the soil variability, which then informs the farmers to take the necessary steps.
Agriculture Drones Market: Region
Among all regions, North America is expected to grab the bulk of the Global Agriculture Drones market in the foreseen period. This increase in market share is due to the exemption for these UAVs from the Federal Aviation Administration (FAA) under Part 107, resulting in a high level of adoption of drones in agriculture. This also attracts more investment by investors and hence, propels the growth of the regional and global markets.
The key players of the Agriculture Drones Market profiled in the report include AgEagle Aerial Systems, Agribotix LLC, GoPro Inc., Parrot SA, Sentara LLC, Insitu Pacific Pty. Ltd. Some other key Players of Market include DJI, Honeycomb Corporation, Dow Jones Industrial Average, Precision Hawk, Delair Tech SAS, and Drone AG.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Introduction
5.1.2 Hardware
5.1.2.1 Rotary Blade
5.1.2.2 Fixed wing
5.1.3 Software
5.1.3.1 Data Analysis
5.1.3.2 Imaging Software
5.1.4 Y-o-Y Growth Analysis
5.1.5 Market Attractiveness Analysis
5.1.6 Market Share Analysis
5.2 By Application
5.2.1 Introduction
5.2.2 Feild Mapping
5.2.3 Spraying
5.2.4 Scouting
5.2.5 Other Applciations
5.2.6 Y-o-Y Growth Analysis
5.2.7 Market Attractiveness Analysis
5.2.8 Market Share Analysis
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Application
6.1.3.3 By Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Application
6.1.4.3 By Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Application
6.1.5.3 By Type
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leader Analysis
8.1 DJI
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 AgEagle Aerial Systems
8.3 Agribotix LLC
8.4 GoPro Inc.
8.5 Parrot SA
8.6 Sentara LLC
8.7 Insitu Pacific Pty
8.8 Honeycomb Corporation
8.9 Dow Jones Industrial Average
8.10 Precision Hawk
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
