Agriculture Drones Market
Agriculture Drones Market - Global Industry Assessment & Forecast
- By Offering Hardware, Software and Services
- By Component Frames, Controller Systems, Propulsion Systems, Camera Systems, Navigation Systems, Batteries, Other Components (Wires, connectors, power systems, carry cases, sprayers, and sprinklers)
- By Farming Environment Outdoor, Indoor
- By Application Precision Farming, Livestock Monitoring, Precision Fish Farming, Smart Greenhouse, Others (Horticulture, orchids, and forestry applications)
- By Farm Produce Field Crops, Fruits & Vegetables, Dairy & Livestock, Others (flowers, forestry, and nursery plants)
|Forecast Years:||2023 - 2030|
|Historical Years:||2017 - 2021|
|Revenue 2022:||USD 2056.39 Million|
|Revenue 2030:||USD 22957.28 Million|
|Revenue CAGR (2023 - 2030):||35.20%|
|Fastest Growing Region (2023 - 2030)||Asia Pacific|
|Largest Region (2022):||North America|
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Global Agriculture Drones market is valued at USD 2056.39 Million in 2022 and is projected to reach a value of USD 22957.28 Million by 2030 at a CAGR of 35.20% over the forecast period.
Agriculture Drones are spray drone-enhanced unmanned aerial vehicles that are designed to improve agricultural operational efficiency, crop production, and crop growth monitoring. Drone sensors and digital imaging capabilities are intended to provide farmers with a more comprehensive picture of their fields which is expected to increase demand for agriculture drone during the forecast period. Furthermore, abrupt climate changes around the world are adding new layers of complexity to the agriculture industry, increasing the demand for advanced solutions like Agriculture Drones to improve crop yield and firm efficiency in the upcoming years. Due to rising demand for food production and consumption, the global supply chain is at an all-time high, and commodity prices are at an all-time low, driving the need for a modern farming solution throughout the agriculture industry globally. Furthermore, drones have revolutionized the agriculture industry around the world by increasing efficiency, lowering costs, and increasing profitability which is projected to drive the growth of agriculture drone in the years to come. Moreover, the increased presence of automation in the farming and agriculture industries opens up a plethora of new opportunities for drone applications in the coming years. Furthermore, exemptions granted by federal agencies in the United States in the agriculture sector are expected to provide a lucrative opportunity for the Agriculture Drones market, which is expected to grow in the years to come.
Agriculture Drones Market Size, 2022 To 2030 (USD Million)
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The Agriculture Drones’ market is segmented on the basis of Offering, Component, Farming Environment, and Application. Based on Offering, the market is segmented as Hardware, Software and Services. By Component, the market is segmented as Frames, Controller Systems, Propulsion Systems, Camera Systems, Navigation Systems, Batteries, and Other Components. By Farming Environment, the market is segmented as Outdoor, Indoor. By Application, the market is segmented as Precision Farming, Livestock Monitoring, Precision Fish Farming, Smart Greenhouse, Others. By Farm Produce, the market is segmented as Field Crops, Fruits & Vegetables, Dairy & Livestock, Others
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Based on Component, the Camera Systems segment is proved to be the largest in the Agriculture Drones market
The Camera Systems category had a major share in the global Agriculture Drones market in 2021. A private television system that consists of one or more cameras linked to one or more monitors for security, surveillance, law enforcement, and general monitoring applications. Moreover, CCTV, in contrast to public broadcast television, is a closed system designed for private use, and CCT stands for closed-circuit television. Camera systems are expected to account for the largest share of the Agriculture Drones’ market during the forecast period. A camera system is an important component of an agricultural drone because its specifications determine the application for which the drone will be used. The hyper spectral camera, for example, is best suited to investigate weed intrusion in farms, whereas the LIDAR camera is best suited to reveal slopes and sun exposure on farms which are expected to drive the growth of camara systems in the agriculture drone market in the years to come.
Based on offering, software and services segment holds the largest market share
The software and services category had a major share in the global Agriculture Drones market in 2021. During the forecast period, the Agriculture Drones market for software and services is expected to grow at a faster CAGR. This growth can be attributed to large investments made by venture capitalists and investors in start-up companies that provide software and analytics to digitize data collected by drones; the investments are primarily focused on mapping, imaging, and data analytics software. A service in computer software is software that automates tasks, responds to hardware events, or listens for data requests from other software. These services are frequently loaded automatically at startup and run in the background without user interaction in a user's operating system which is expected to increase the demand of software and services segment in the agriculture drone market during the forecast period.
In the North America region, the Agriculture Drones Market is growing at the highest CAGR during the forecast period.
The region of North America and Europe had the largest market share With respect to the adoption of innovative technologies in the field of agriculture. North America, specifically the United States, continues to be a significant player in the global Agriculture Drones market. The country's major organizations and government institutions are investing heavily in technology. Whenever it comes to the adoption of innovative agricultural technologies and as a result of declining Total Factor Productivity (TFP) in East and Southeast Asia, improved technology in agribusiness is at the forefront of national strategic policy objectives. This is to increase food production output by enhancing private-sector cooperation and agricultural infrastructure development which is substantially increasing the growth of the North America. Moreover, The United States was an early adopter of precision farming technologies, which is largely responsible for the region's largest share of the global market. Canada's widespread acceptance of modern agricultural methods is boosting industry growth during the forecast period.
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The key players in the Agriculture Drones market are launching different strategies for the development of Agriculture Drones market such as new product development, geographic enhancement, mergers and amp; acquisitions, and product enhancement among others to increase their presence in the market and in market shares as well. Some of the major key players in the Agriculture Drones market are Dji, Precisionhawk, Trimble Inc., Parrot, Aerovironment, Inc., Yamaha Motor Co., Ltd., Ageagle Aerial Systems Inc., Dronedeploy, 3dr, Sentera, Inc. , Optim Corporation, Microdrones, Insitu Pacific Pty Ltd, Delair, Honeycomb Corporation, Micasense, Inc., Pix4d Sa, Sensefly, Alti, Lockheed Martin Corp., Gamaya, Atmos Uav, Skyx, Slantrange, Inc, Nileworks Inc.
Agriculture Drones Market is segmented as follows:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
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Agriculture Drones Market is tabulated as follows:
Frequently Asked Question
What is the global demand for Agriculture Drones in terms of revenue?
The global Agriculture Drones valued at USD 2056.39 Million in 2022 and is expected to reach USD 22957.28 Million in 2030 growing at a CAGR of 35.20%.
Which are the prominent players in the market?
The prominent players in the market are DJI, PRECISIONHAWK, TRIMBLE INC., PARROT, AEROVIRONMENT, INC., YAMAHA MOTOR CO., LTD., AGEAGLE AERIAL SYSTEMS INC., DRONEDEPLOY, 3DR 10 SENTERA, INC., OPTIM CORPORATION, MICRODRONES INSITU PACIFIC PTY LTD, DELAIR, HONEYCOMB CORPORATION, MICASENSE, INC., PIX4D SA, SENSEFLY, ALTI, LOCKHEED MARTIN CORP., GAMAYA, ATMOS UAV, SKYX, SLANTRANGE, INC., NILEWORKS INC..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 35.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
The driving factors of the Agriculture Drones include
- abrupt climate changes around the world, increasing demand for advanced solutions to improve crop yield
Which region accounted for the largest share in the market?
North America was the leading regional segment of the Agriculture Drones in 2022.