0

Agriculture Drones Market Expected to Reach $5.89 Billion by 2030

 
2022
Agriculture Drones Market

Report Code : A04722

quote the global agriculture drones market share is expected to witness a considerable growth, owing to increase in demand for precision farming solution, especially in emerging economies such as Asia-Pacific and Europe. Furthermore, emergence of sustainable farming technologies creates potential opportunities for the market growth during the forecast period. quote

Himanshu Jangra
Lead Analyst, Semiconductor and Electronics

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Agriculture Drones Market by Offering, Components, and Applications: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the agriculture drones industry size was valued at $0.88 billion in 2020, and is projected to reach $5.89 billion by 2030, registering a CAGR of 22.4% from 2021 to 2030.

Spray drones in the agriculture sector is an innovative technology playing an important role in precision farming, leading the agriculture sector to sustainable farming practices while protecting and increasing profitability. However, drone farming in the agriculture sector are incorporated with upgraded sensors, thermal imaging, and enhanced polyester and polystyrene, which makes them expensive. Further, stable investments from prime vendors and government institutions propel sales of agriculture drones.  Moreover, growth in concern related to climatic change is creating multiple complexities for the agriculture sector to enhance the global supply chain, offering significant growth opportunities for the market in coming years.  

Surge in adoption of precision farming solution and rise in venture investment for development of drones across the agriculture sector drive the market growth. However, rise in government regulation against unmanned aerial vehicles globally are anticipated to restrain the agriculture drones market share. Further, surge in need for reduction in cost associated with human error  is expected to provide lucrative opportunities for the agriculture drones industry during the forecast period.

According to agriculture drones market trends, the Hardware segment was the highest contributor to the market in 2020. The precision agriculture and livestock monitoring segments collectively accounted for around 68.1% market share in 2020. Surge in adoption of artificial intelligence-based technology application across agriculture sector has led the growth of this segment; thereby, enhancing the agriculture drones market growth.

Emergence of COVID-19 has significantly impacted the global agriculture drone industry. Delay caused for construction projects due to partial or complete lockdown in various regions of the world has significantly reduced production of drones in agriculture during the pandemic. However, lack of availability of workforce propels demand for drones. Hence, the agriculture sector has seen potential opportunities in the deployment of drones for precision farming forecast to drive the agriculture drones market analysis post-pandemic.

Region wise, North America holds a significant share in the global agriculture drone market size. The adoption of sustainable farming solution in agriculture sector is expected to propel the agriculture drone’s industry in this region. Moreover, presence of prime vendors paired with advanced technological solutions in North America is anticipated to boost growth of the agriculture drones market in this region.

Key Findings Of The Study

  • In 2020, the hardware segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 23.0% during the forecast period.
  • The camera and navigation segments together accounted for around 70.0% of the agriculture drones market share in 2020.
  • The batteries segment is projected to growth at a CAGR of 24.1% during the forecast period.
  • North America contributed for the major share in agriculture drone market, accounting for more than 39.0% share in 2020.

The key players profiled in the report include AeroVironment, Inc., AgEagle Aerial Systems, Inc., America Roboticss, DJI, Israel Aerospace Industries, Microdrones, Parrot Drones, PrecisionHawk, Trimble Inc., and Yamaha Motor Corp. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the agriculture drones market.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Agriculture Drones Market by Offering (Fixed Wing, Rotary Wing, and Hybrid Wing), Component (Cameras, Batteries, Navigation Systems, and others), and Application (Precision Agriculture, Livestock Monitoring, Smart Greenhouse, Irrigation, and Precision Fish Farming): Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Agriculture Drones Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers