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Agricultural Drone Market Analysis 2024: Study for Future Scope, Size, Trend and Share

According to the latest market research report, published by KD Market Insights covers a detailed analysis of, “Agricultural Drone market” The study comprises of major industry trends and insights that play an important role in the market growth. Also, the report covers forecast revenue growth at global, regional and country levels, providing a detailed analysis of the industry.

Agricultural drones are being used in a variety of agricultural applications such as soil & field analysis, planting, crop spraying, crop monitoring, irrigation, and health assessment. Drones these days are capable of allowing farmers, and the drone pilots to increase efficiency in certain aspects of the farming process. From crop monitoring to planting, livestock management, crop spraying, irrigation mapping, and more, drones are becoming an essential part of modern agriculture. The world agricultural drone market was totaled at a value of USD XXXX Million in 2018 and is projected to surpass a valuation of USD XXX Million by 2024. The market is expected to maintain a compound annual growth rate (CAGR) of xx% through the forecast period.

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Market Drivers & Restraints

Drones are used in various fields ranging from the military, humanitarian relief, disaster management to agriculture, out of which, the agricultural application is expected to thrive at a remarkable pace in upcoming years. The world is facing food security challenges, more than 815 million people are chronically hungry around the world. In order to tackle this challenge, farming communities and others involved in agriculture are adopting modern agriculture methods such as precision farming and others. This rapid adoption of modern agriculture has boosted the demand for advanced agricultural technologies such as agricultural robots, agriculture drones, and others.

Rapid commercialization of agriculture is a key factor which is encouraging the adoption of advanced technologies in agriculture. agronomists, agricultural engineers, and farmers are adopting agricultural drones to gain more efficient crop insights and to more accurately plan and manage their operations. Since the early introduction of drones in agriculture, drones have come a long way and are offering remarkable aid to the farmers.

Drones are continuously proving their capabilities in agricultural applications, even in those applications which were very tough to be done by traditional methods such as spraying taller crops, access to difficult terrain, spraying under or around power lines pylons and others. Apart from this, the hype of digital agriculture is also growing at an unprecedented rate across each region. This digital revolution in agriculture will allow a step-change in the optimum adoption of agricultural techs such as drones in the coming years. Factors such as growing population and rapidly shrinking arable land area are also encouraging the adoption of new tools which can unlock multiple benefits for the farmer.

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Segmentation
The research offers a comprehensive analysis of Agricultural Drone Market with respect to following sub-markets:

By Offering
– Drone
– – – Fixed Wing
– – – Hybrid
– – – Rotary Blade
– – – Others
– Software
– – – Imaging
– – – Data Management
– – – Data Analytics
– – – Others

By Application
– Field Mapping
– – – Weed Detection
– – – Crop Health Monitoring
– – – Others
– Variable Rate Application
– Crop Scouting
– Livestock
– Others

By Geography

– North America (U.S. & Canada)
– Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
– Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
– Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
– Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape
The report profiles various major and niche market players such as;

– DJI Innovation
– Aerovironment, Inc.
– Trimble Navigation Ltd.
– Precisionhawk
– Parrot SA
– Yamaha
– Honeycomb Corporation
– Agribotix, LLC
– Skycision, Inc.
– Raptor Maps
– Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.

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