The global Agricultural Drone market was valued at USD 1.32 Billion in 2020 and is projected to reach USD 9.89 Billion by 2028, growing at a CAGR of 28.63%% from 2021 to 2028.

An agricultural drone is basically an unmanned aerial vehicle that is used to monitor crop growth, optimize agriculture operations, and at the same time help in increase the crop production. The aerial vehicles make use of sensors and digital imaging capabilities which provides farmers a richer picture of their fields. The use of these agriculture drones in order to gather information may prove helpful in order to improve crop yields and farm productivity. The exemptions by US federal aviation administration for use of agriculture drones is considered to be major factor to support the market growth in the years to come.

The report covers in-depth study on the global Agricultural Drone market, which comprises market trends such as drivers, restraints, and opportunities, regional trends, segmental analysis, and competitive landscape among others. This study comprises the market estimations and forecast in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities. The report includes a separate chapter covering detailed Agricultural Drone market overview that includes Porter’s Five Forces Analysis, PESTLE Analysis, Player Positioning Analysis, SWOT Analysis, and Value Chain Analysis among others.

The wise spread COVID-19 outbreak has impacted several industries including Agricultural Drone. The governments across the globe compel to employ stringent restriction such as lockdown, international border seals, and   implementing strict social distancing measures. This forces serval industries to opt for work from home which in turn disrupted the business processes. However, after mid 2021 the world is witnessing reopening of trading activities, business operations which is expected to stimulate the economic growth during upcoming years.  The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The report explains various driving factors, restraints/challenges, and opportunities in detail. These assessments aid the industry stakeholders to analyze the Agricultural Drone market on the basis of different parameters, such as economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences.

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. 

The security and safety concerns associated with civil and commercial application of drones and problems associated with air traffic management of commercial drones is expected to hamper the growth of the market over the forecast period. Furthermore, standardization of communication interfaces and protocols for precision agriculture and lack of technical knowledge among farmers may also limit the growth of the agricultural drone market during the forecast period.

The report delivers an acute breakdown of the market based on various segments such as Offering, Component, Application and region. The report will cover market estimations and forecast for each segment by region for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Offering, the market is divided into Hardware, Software and Services. Software and Services held the largest share in 2020 and is projected to witness substantial growth during the forecast period.

Based on Component, the market is divided into Cameras, Batteries, Navigation Systems, Others. Cameras attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The global Agricultural Drone market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Agricultural Drone market are AeroVironment, Inc., AgEagle Aerial Systems, Inc., America Roboticss, DJI, Israel Aerospace Industries, Microdrones, Parrot Drones, PrecisionHawk, Trimble Inc., Yamaha Motor Corp.. This section of the report will provide you extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.  

Based on the geography, the global Agricultural Drone market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2016–2028. The concentration of raw material suppliers as well as market players in one specific region impacts the global market scenario and the report covers exclusive information on the same.  Also, the report analyzes the intensity of competition in each region and its influence on the growth of the global Agricultural Drone market.