Agriculture Drones Market Outlook 2031
The Global Agriculture drones market size was valued at USD 3.42 Billion in 2022 and is likely reach to USD 40.21 Billion by 2031, expanding at a CAGR 31.5% during the forecast period, 2023-2031. The growth of the market is attributed to the growing venture funding for deployments of drones in agriculture sector.
Agriculture drones are unmanned aerial vehicles (UAV) used in agriculture for monitoring crop growth and production. The UAVs fill the gaps of human error and inefficiency of traditional farming by minimizing time and expenses. Typically, drones includes a high-quality cameras, navigation system, multiple sensors, GPS, and programmable controllers.
The data collected from drones reveal various issues, such as irrigation problems, soil variation, degree of crop damage, and infection to plants. External weather changes globally are creating new layers of complexity in the agriculture industry, which boosts the need for agriculture drones to improve crop yield and firm efficiency.
Agricultural drones offer various benefits, such as enhanced production, agricultural spraying, less wastage of resources, and faster process.
The COVID-19 pandemic outbreak has negative impact on the market. During pandemic, manufacturing plants were not operational, supply chain disrupted, and less availability of raw material affected the demand of agriculture drones.
The market is expected to recover soon as farmers are adapting advanced technology to recover from the loss they faced due to the lockdown imposed by various government bodies.
Agriculture Drones Market Trends, Drivers, Restraints, and Opportunities
- Increasing acceptance of precision farming solution is one of the key factors driving the market growth.
- Rising need for a reduction in cost associated with human error is projected to boost the market during the forecast period.
- Escalating regulation by government regrading use of UAVs acts as a major challenge that can restrict the market growth in the coming years.
- Lack of awareness about drones among the farmers especially in developing countries is expected to hamper the market growth during the projected timeline.
- Growing automation in farming and agriculture industries is anticipated to create significant growth opportunities for the market.
Scope of The Agriculture Drones Market Report
The report on the global agriculture drones market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Agriculture Drones Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Types (Hybrid, Fixed-wing, and Rotary Blade) and Applications (Crop Scouting, Field Mapping, Variable Rate Application, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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DJI Technology Co., Ltd.; Trimble Inc.; AeroVironment, Inc.; DroneDeploy; and 3D Robotics
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Agriculture Drones Market Segment Insights
Fixed-wing segment to expand at robust growth rate
Based on product types, the global agriculture drones market is segmented into hybrid, fixed-wing, and rotary blade. The fixed-wing segment is estimated to expand at robust growth rate during the forecast period due to the ability to cover long distances over fields and carry heavy payloads.
However, the hybrid segment is anticipated to expand at a substantial CAGR in the coming years attributed to as they are suitable fit for diverse farming process and applications.
Increasing yield drives the field mapping segment
On the basis of applications, the market is segregated into crop scouting, field mapping, variable rate application, and others. The field mapping segment is projected to register at high CAGR in the projected timeline owing to benefits it offer, such as analyzing and monitoring crops for increasing yield from agriculture in less expenses.
On the other hand, the crop scouting segment is anticipated to register a substantial CAGR during the forecast period attributed to its ability to precisely spray fertilizers, without causing any issues, including disturbing soil fertility and over spraying.
Additionally, the development of the Normalized Difference Vegetation Index, for inspecting crops with respect to crops scouting is major driver of the segment.
Agriculture Drones Market Regional Outlook
Asia Pacific is to constitute a key market share
In terms of region, the global agriculture drones market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the projected period owing to economies in the region which are continuously increasing investments in R&D, to boost the adoption of agriculture drones.
However, the market of North America is anticipated to grow at a rapid pace during the forecast period due to the rising trend of implementing the UAVs from mowing to plowing in the region for enhanced productivity.
Segments
Product Types
- Hybrid
- Fixed-wing
- Rotary Blade
Applications
- Crop Scouting
- Field Mapping
- Variable Rate Application
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global agriculture drones market are DJI Technology Co., Ltd.; Trimble Inc.; AeroVironment, Inc.; DroneDeploy; and 3D Robotics. Companies are focusing on development of product portfolio for various agriculture operations with integration of advanced system.
Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.
For instance, in March 2019, DJI introduced a new software tool DJI Terra for transfer of data related to drone into digital 3D models and maps for decision-making and easy analysis. The tool enables organizations the use of DJI drone technology to analyze, visualize, and capture the aerial images for numerous variety of applications in the agriculture sector.
In March 2020, AeroVironment, Inc. partnered with Draganfly Canada based aircraft manufacturing company for distribution of Draganfly's with respect to AeroVironment’s Quantix Mapper systems and deployed in commercial markets worldwide.
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