Global Agriculture
Drones Market report offers the latest
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The increasing venture
funding rendered to a drone manufacturer is anticipated to drive the market
Agriculture drones is use
of drones in farming that helps farmers to monitor crop growth and increase
crop production. In 2015, the agriculture drone market was valued at USD 193.4
million globally. Agriculture drones are used for collecting high-quality data
and its data processing tools are less expensive and easy to use. The use of
advance technologies and its increasing awareness among farmers will propel the
growth of market.
The advantages such as
efficient water usage, fertilizers and land, better productivity will drive the
market of Agriculture drones. The various capabilities such as imaging
capabilities, sensors, and better materials will lift the market.
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The hybrid agriculture
drone is expected to portray the highest growth over the forecast period
The market share of Hybrid
drones is expected to be highest by 2022. The drones takes snapshot of
different sectors of field that provides crucial and important data regarding
crop, soil and yields in order to assist in crop management. Agriculture drones
are emerging as a lucrative sector due to its small size, low cost and easy
use.
The UAV-based start-ups are
booming due to its application in wide areas. The start-ups are focusing on
providing hardware and software and services that will cover about 80% of
market. The Universities, technical institute and different organizations are
organizing various programs to provide guidance for operating UAV’s, which is
expected to propel market. Government regulation and lack of trained pilot in
some regions may act as barrier to market growth.
The market, based on
products is fragmented into rotary blade, fixed wing and hybrid. The emerging
need to carry heavy payloads will help fixed wing UAVs to dominate the industry
over forecast period.
The capability of hybrid
UAV’s such as covering long distance will help them to grow with a CAGR of 40%
from 2016 to 2024. Compared to manned aircraft, the UAV’s are capable to
monitor field areas with ease which will have positive impact on market growth.
The crop scouting application
is projected to witness a significant growth over the projected period
The Application segment is
divided onto Variable rate application, field mapping, crop scouting and
others. In 2015, among these, the filed mapping segment dominated the business
in terms of revenue. Farmers striving hard to increase productivity of crops by
making use of advance technology is expected to drive field mapping Segment.
The drones are capable of
spray fertilizers accurately without causing any problem can act as important
factor in growth of Crop scouting segment in next seven years. In addition the
development of Normalized Difference vegetation Index (NDVI) is expected to
help crop scouting to contribute more in market. NVDI makes use of
near-infrared sensor that is use to capture data that cannot be captured by
human eye.
The Asia Pacific region is
expected to witness a significant growth from 2016 to 2024
Asia Pacific agriculture drone industry will
have a compelling growth among different regions over the forecast period. The
emerging economies in these regions are constantly investing in R&D to make
efficient and advanced drones. Different companies are developing economical
and efficient UAV’s that has vast applications in farming sector.
The North American region
will dominate the agriculture drone industry. The emerging need to increase
productivity and trends of implementing UAV’s is anticipated to influence
market growth. The need of precision farming has led farmers to use UAV’s in
farming.
DJI Technology and 3D
Robotics are the major players in the industry
Acquisitions and providing
efficient tools to farmers for better management of operations are key
strategies of major players in Industry. DJI technologies, Trimble Navigation
ltd, AeroVironment Inc and 3D Robotics are major players that hold large share
in drone manufacturing industry.
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