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Pulished Date February, 2020
ID: 8935
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Agriculture Drones Market Analysis - By Type (Hardware (Rotary Blade, Fixed wing), & Software (Data Analysis, Imaging Software)), By Application (Field Mapping, Spraying, Scouting and Others), By Components, By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Global Industry Analysis on Size, Share, Growth, Demand, Strategy, Competition & Forecast | 2019 - 2024

Pulished: February, 2020
ID: 8935
Pages: 110

According to the latest research, the size for Global Agriculture Drones Market is expected to reach 4.48 billion USD by 2024, which is a significant increase from 1.7 billion USD in 2019 during the forecast period.

What is a Agriculture Drone?

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

  • Agricultural drones have allowed farmers to see their farms from the top. A bird-eye view can show several issues, like irrigation issues, soil variations, and fungal and pest infestations. Multispectral pictures show both a close-infrared view and a graphical view. This combination demonstrates the farmer the disparities between nutritious and unhealthy plants, a distinction not visible to the naked eye. These views may, therefore, help to assess crop yields and production, acting as a significant driver of the Agricultural Drones market. 
  • The increased adoption of precision farming is another significant factor that is driving the growth of the Agriculture Drones Market.

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

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Type, Application & Region.

 

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

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

  • Hardware
    • Rotary Blade
    • Fixed-wing
  • Software
    • Data Analysis
    • Imaging Software

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

  • Field Mapping
  • Spraying
  • Scouting
  • Others

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

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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              

 

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  • Global Agriculture Drones Market By Region, From 2019-2024 ( USD Billion )                                                        
  • Global Agriculture Drones Market By Type, From 2019-2024 ( USD Billion )                                                            
  • Global Software Market By Region, From 2019-2024 ( USD Billion )                                                           
  • Global Hardware Market By Region, From 2019-2024 ( USD Billion )                                                                                         
  • Global Agriculture Drones Market By Applications, From 2019-2024 ( USD Billion )                                                             
  • Global Field Mapping Market By Region, From 2019-2024 ( USD Billion )                                                 
  • Global Spraying Market By Region, From 2019-2024 ( USD Billion )                                                            
  • Global Scouting Market By Region, From 2019-2024 ( USD Billion )                                                            
  • Global Other Applications Market By Region, From 2019-2024 ( USD Billion )                                                        

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