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Agricultural Drone Market

Agricultural Drone Market

Agricultural Drone Market Global Industry Assessment & Forecast

# Pages:

155

Base Year:

2021

Dec - 2021

Format:

Report Code:

VMR-2021-1052

Segments Covered
  • By Offering Hardware, Software and Services
  • By Component Cameras, Batteries, Navigation Systems, Others
  • By Application Precision Agriculture, Livestock Monitoring, Smart Greenhouse, Irrigation, Precision Fish Farming, Others
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 1.32 Billion
Revenue 2028Revenue 2028: 9.89 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 28.63%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
FAQ
Frequently Asked Question
  • The global Agricultural Drone valued at 1.32 Billion in 2020 and is expected to reach 9.89 Billion in 2028 growing at a CAGR of 28.63%%.

  • The prominent players in the market are AeroVironment, Inc., AgEagle Aerial Systems, Inc., America Roboticss, DJI, Israel Aerospace Industries, Microdrones, Parrot Drones, PrecisionHawk, Trimble Inc., Yamaha Motor Corp..

  • The market is project to grow at a CAGR of 28.63%% between 2021 and 2028.

  • The driving factors of the Agricultural Drone include

    • The pressure on global food supply and increase in venture funding for development of agriculture drones is anticipated to augment the growth of the agricultural drone market over the forecast period. This is owing to growing world population, accessibility of arable farms, and government provisions through subsidies in various regions. Additionally, rising demand for drones in APAC countries and high adoption of aerial data collection tools in agriculture is also likely to support the market growth in near future.
    • The availability of software solutions for field survey and data analytics is further expected to fuel the growth of the market in the years to come. This is owing to the increase in investments being from project capitalists and also the investors from the start-up firms provides software and analytics solutions to digitize the data that is collected from drones.

  • Asia Pacific was the leading regional segment of the Agricultural Drone in 2020.