The agricultural drones market share is predicted to observe prominent growth over the forecast period, due to an increase in venture capital for the placement of drones in the farming industry, worldwide. Additionally, the rise in acceptance of precision farming solutions drives the agricultural drones market growth throughout the forecast period. Furthermore, growth in demand for a decline in cost-related to human mistake is projected to push the agriculture drones market exploration.
The Global Global Agricultural Drones Market is expected to grow at a high CAGR of 28.5% in the forecast period of 2022-2029
Agricultural drones are used in farming to monitor crop growth and to increase crop production with the help of innovative sensors. The information which is gathered from the equipment is useful in developing crop yields and farm efficiency. Agriculture drones are spray drone improved unmanned aerial vehicles intended to enhance agriculture working efficiency, harvest production, and observing over crop progress.
Unexpected weather fluctuations worldwide are creating innovative layers of difficulty in the farming industry, which boosts the requirement for innovative solutions such as agriculture drones to progress crop yield and firm competence. Furthermore, the aerial view provided by drone farming can expose several problems such as soil difference, irrigation complications, and fungous infestations act as a set of guidelines used in agriculture to review crops to quickly recognize issues.
North America Agricultural Drones Market is projected to progress at the uppermost rate throughout the forecast period 2021-2028
Global Agricultural Drones Market Growth Drivers
Drones are remote-controlled aircraft with no human pilot onboard. These drones have a huge potential in agriculture in supporting evidence-based planning and in spatial data collection. Despite some inherent limitations, these tools and technologies can provide valuable data that can then be used to influence policies and decisions.
Practical applications for unmanned aerial vehicles (UAV) commonly referred to as drones, have progressed significantly in recent years with the fall in its cost.
Among the end-user industries, the agriculture sector is anticipated to transform as a major drone-employed sector in order to encounter the harvesting challenges and to effectively deploy agricultural practices to enhance productivity and efficiency.
Interest from both consumers and businesses in drones is surging, with new applications being developed fastly for use across many industries, especially in agriculture which is one of the primary sectors expected to see sharp uptake of drone technology in the near future.
However, regulations have been a significant barrier to the more widespread use of Unmanned Aerial Systems. Countries such as Argentina, Barbados, Cuba, India, Morocco, Saudi Arabia, Slovenia, Uzbekistan have imposed an outright ban on the use of drones for commercial use.
The agricultural drone industry is highly fragmented, with many drone manufacturers competing to gain market share.
Owing to this the most innovative, and cost-effective drones will likely be introduced in the coming future. Drone manufacturers such as DJI or Parrot are enhancing their product range with add-on hardware, software, or hybrid solutions tailored for use in a specific industry.
Though, an increase in drone allied government guidelines globally is anticipated to restrain the market growth. Additionally, an increase in attendance of automation in agriculture and farming industries offers sufficient growth opportunities for drone applications.
Detailed Segmentation Analysis of the Market:
The global market is segmented into by drone type, and by application-based analysis.
Based on drone type, the agricultural drone market is segmented into single rotor drones, multi-rotor drones, fixed rotor drones, and Others. Among the types of drones, the Multi-rotor type dominates the market due to its lower cost and high level of simplicity
Multi-rotor configuration with several motors can maintain a stable position easy to pilot but with limited durability. The single rotor is similar to a helicopter generally has higher efficiency over a multi-rotor, but is more complex to pilot and high in cost. Fixed-wing drone functionality is inline to an airplane cannot hover at one place and is hard to pilot, but able to cover large areas and distances. Like most industries currently using drones, multi-rotor configurations is the most used class of drone due to their low cost and high-performance features. With the range of flexibility and support that comes from drones, they are used for various agricultural applications namely mapping/surveying, crop spraying, irrigation management, crop monitoring.
The features of a drone to easily adjust their altitudes and flight paths according to the surrounding topography and geography comes from the use of increasingly advanced equipment such as RADAR, LiDAR, and more. This factor makes them well-suited for crop spraying. Moreover, drones can scan the ground and apply liquids quickly and with great precision.
Using drones crops are monitored accurately, frequently, and affordably with precision. Drones equipped with special monitoring equipment can also be used to identify parts of a field experiencing hydric stress. Drones use infrared and thermal sensors to provide snapshots of entire fields, allowing targeted diagnosis of areas receiving less water than required.
Among the applications, mapping/surveying is the major segment. From agriculture to smart cities and construction to surveying, drone technology is increasingly being deployed to boost efficiency and productivity. Employing these drones for surveying is completed in a few minutes instead of the typical days or weeks it used to take before.
Geographical Analysis of the Global Market:
According to the research report, the global market is geographically divided into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa, and the Rest of the world.
In North American region, especially the United States continues an important contributor in the global agriculture drones market
North America and Europe are the major and the utmost progressive markets with respect to the implementation of advanced technologies in the agriculture industry, while South America has the utmost possible growth in this market. The occurrence of a big share of the agricultural field as fragmented holdings in Asia, particularly in regions of India, bounds the possible growth of the agriculture drones market throughout the forecast period.
Geographically the U.S is one of the leading countries in employing this technique for enhancing crop productivity. Led by the rising trend of implementation of UAVs for enhanced productivity and increasing awareness of precision agriculture and field mapping is expected to drive the industry growth in this region.
Europe is the next major market for agricultural drones owing to the increasing need among countries to enhance the overall farm productivity. In addition, the European Union (EU) is also actively working in the direction of deploying drones for farming
Asia-Pacific agricultural drones market will benefit from growing adoption and technological advancements. Manufacturers from this region are investing in developing low-cost and effective UAVs for numerous applications in the agricultural sector.
Global Agricultural Drones Market Competitive Trends
DJI, DroneDeploy, GoPro, AeroVironment, PrecisionHawk, and Trimble Navigation are some of the major companies operating in the agricultural drones market.
Anticipating bright prospects in the agricultural drone industry, Companies are pumping investments to bring in innovations and enhancements to the existing products range on this note corporate investors such as Syngenta, Monsanto, and Mitsui, backed emerging start-ups for improving harvesting, crop spraying, and irrigation.
For instance, in February 2016, the US reported investments in UAVs and robotics with volumes up to USD 389 million in 2015 and approximately 40 companies raising funds. DJI, a well-established player in China, raised USD 75 million during its first drone launch, especially for the agricultural space.
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