The Report Agriculture Drone Market Analysis By Product (Fixed Wing, Rotary
Blade, Hybrid), By Application (Field mapping, Variable rate application, Crop
Scouting) And Segment Forecasts Till 2024
The global agriculture drone market is expected
to reach USD 3,770.0 million by 2024, according to a new report by Grand View
Research, Inc. The increasing technological advancements in equipment and for
enhancing the quality of the farming techniques have led to the increased
implementation of agriculture drones in the market.
Increasing automation in
the agriculture process, owing to the labor crisis, such as lack of skilled
farmers, aging farmers, is also expected to positively impact the market
growth. A favorable shift in the regulatory policy is also expected to allow
start-ups to operate in small and large farming operations and aid in disease
& water management.
Innovations in the GPS
mapping field coupled with the advancements in precision agriculture are
expected to propel the industry growth over the forecast period. Drones have
the potential to implement better plantation with crop rotation strategies and
give crucial inputs related to the daily progress of crops which is further
contributing to the growth.
The companies operating
in the industry are designing and manufacturing systems that are collecting the
data and are incorporating them into business models. which is further
anticipated to enhance the industry growth. The data gathered from drones help
the farmers to improve yields; supply water, fertilizer, or chemical when
needed, and are also able to map their fields, check for signs of disease,
monitor crop health, and save time in the process.
The scarcity of trained
pilots for operating the drones may impact the market growth, although the
market is expecting to overcome the scarcity, gradually, with the increasing
applications of the drone.
Access Research Report of Agriculture
Drone Market @ http://www.grandviewresearch.com/industry-analysis/agriculture-drones-market
Further key findings from the report suggest:
· The fixed wing agriculture drone is
expected to remain as a key revenue generating segment over the forecast
period. The hybrid agriculture drones are anticipated to witness enormous
growth in the next 8 years, owing to their ability to carry heavy weights and
hover over fields.
· The crop scouting application is
anticipated to drive the market growth over the forecast period, with the
increasing application of crop spraying, which will further increase the yields
and reduce the wastage of pesticides & fertilizers and crops.
· The North America agriculture drones market
is expected to remain the key revenue generating region with a prevalent share
of the industry. The increasing adoption of the drones, in various applications
including spraying, seeding, and livestock farming, has led to the enormous
market share.
· The Asia Pacific agriculture drone market
is anticipated to witness a significant growth over the forecast period, owing
to the increasing investments in R&D in the region.
· The key players in the agriculture drone
market include DJI Technology, Trimble Navigation Ltd., PrecisionHawk, Parrot
SA, and 3D Robotics
Grand View Research has
segmented the agriculture drone market based on product type, application, and
region:
Product Outlook (Transaction Revenue, USD Billion, 2014
- 2024)
·
Fixed wing
·
Rotary blade
·
Hybrid
Application Outlook (Transaction Revenue, USD Billion,
2014 - 2024)
·
Field mapping
·
Variable rate application
·
Crop scouting
·
Others
Regional Outlook (Transaction Revenue, USD Billion, 2014
- 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of Agriculture Drone Market@ https://www.grandviewresearch.com/press-release/global-agriculture-drones-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
