Agricultural Drone Market

Agricultural Drone Market 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), , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

Frequently Asked Questions

  • What is the global demand for Agricultural Drone in terms of revenue?

    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%%

  • Which are the prominent players in the market?

    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..

  • At what CAGR is the market projected to grow within the forecast period?

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

  • What are the driving factors fueling the growth of the market.

    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.

  • Which region accounted for the largest share in the market?

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

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