Agricultural Drone Market
Agricultural Drone Market Global Industry Assessment & Forecast
#
Pages:
155
2021
Dec - 2021
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
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1.32 Billion |
 Revenue 2028:
|
9.89 Billion |
 Revenue CAGR
(2021 - 2028): |
28.63% |
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
Offering Analysis: Agricultural Drone
On the basis of Offering , the market is segmented into Hardware, Software and Services. Software and Services held the highest share in the global Agricultural Drone market and is projected to witness the same trend during the forecast period.
Component Analysis: Agricultural Drone
Based on Component , the market is segmented into Cameras, Batteries, Navigation Systems, Others. Cameras accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Application Analysis: Agricultural Drone
Based on Application , the market is segmented into Precision Agriculture, Livestock Monitoring, Smart Greenhouse, Irrigation, Precision Fish Farming, Others.
Global Agricultural Drone Market: Offering Segment Analysis
-
- Hardware
- Software and Services
Global Agricultural Drone Market: Component Segment Analysis
-
- Cameras
- Batteries
- Navigation Systems
- Others
Global Agricultural Drone Market: Application Segment Analysis
-
- Precision Agriculture
- Livestock Monitoring
- Smart Greenhouse
- Irrigation
- Precision Fish Farming
- Others
FAQ
Frequently Asked Question
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.
