Agriculture Drones Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fixed Wing, Multi-Rotor, Hybrid), By Application (Spraying, Field Mapping, Crop Scouting, Others), And By Geography - Forecasts From 2022 To 2027
- Published : Jan 2023
- Report Code : KSI061611717
- Pages : 146
The agriculture drone market is expected to grow at a compound annual growth rate of 31.35% over the forecast period to reach a value of US$10,069.529 million in 2027, from US$1,492.443 million in 2020.
An agricultural drone, also known as an unmanned aerial vehicle (UAV), aids in crop production and crop growth monitoring. In precision agriculture, drones are utilized for several activities such as soil and crop field assessment, seeding, and pesticide application. The study and implementation of agricultural drone data that results might assist enhance crop production and farm efficiency. Furthermore, drones are progressively being used in agricultural production as part of an effective method of environmentally friendly agricultural management that enables farmland engineers, horticulturists, and farmers to help streamline their processes and gain valuable insights into their crops.
Furthermore, according to United Nations predictions, the globe's population will reach 9.7 billion by 2050, forcing agricultural consumption to climb by about 70% between 2010 and 2050. With a rising population and the need for surplus food to fulfill rising demands, precision farming and the usage of technology such as drones are becoming more popular throughout the world. Additionally, the increasing investment in the agricultural sector to integrate technological developments in the market will positively contribute to the rise of the agriculture drones segment in the coming years.
Numerous technical advancements in agriculture have positively improved farming production in recent years. The advancement of technology in components, sensors, and sizes has effectively developed tiny, automated, and unmanned rotorcrafts. This is one of the main aspects expected to fuel market expansion.
Several companies have launched new products and extended their operations by partnering with other firms that have enriched the market segment by implementing innovative technological advancements. For instance, AgEagle Aerial Systems Inc., an industry-leading manufacturer of full-stack drone, sensor, and software solutions, announced the introduction of MicaSense's most innovative drone sensor invention namely, Altum-PT, in November 2021. MicaSense, an AgEagle firm, has built a global reputation for offering several of the drone industry's most dynamic, high-performance multispectral imaging systems, which have proven critical to the agricultural, plant biotechnology, land management, and forestry industries.
Additionally, Poladrone Solutions Sdn. Bhd. underwent a rebranding procedure in July 2022 and began operations under the Aonic name. Poladrone is a drone firm that offers automation and analytics services to clients in a variety of sectors. After establishing Malaysia's largest network of agriculture drone repair centers, the firm extended beyond drones into other services. The corporation wants to expand its drone capacity; therefore, it has renamed itself Aonic. In Southeast Asia, Aonic Agriculture pioneered level agriculture spraying technologies. Its autonomous agriculture drones, Oryctes and Mist Drone, were conceived and developed in-house, allowing the agriculture industry to manage fields and plants more successfully. Aonic Agriculture analyzes and evaluates multiple data points using drones to deliver advice and preventive measures to oil palm plantation owners. To minimize the barrier to entry for farmers interested in using agricultural drones.
Furthermore, there have been major investments in agricultural technological advancements which have massively propelled the market’s growth. For instance, in Jan 2022, the Indian Union Agriculture Ministry released financial directives to make this technology cheap by supporting the purchase, hiring and displaying of agriculture drones. The Sub Mission on Agricultural Mechanisation (SMAM) initiative provides grant financing of up to 100% or Rs 10 lakh for ICAR institutes, Krishi Vigyan Kendras, and State agriculture colleges to acquire drones. It gives 75% grant funding for farmer-producer organizations to acquire drones (FPOs). The financial assistance and awards are valid until March 31, 2023. As a result of these developments, the agricultural drone market is anticipated to rise during the projected period.
In addition, increasing government initiatives for better productivity for agricultural output is anticipated to drive the market growth of spraying agricultural drones. For instance, in February 2022, the Indian Prime minister announced the launch of 100 agricultural drones across the country which includes functions from spraying to monitoring crop health. The recent policy relaxations, incentives, and proposals in the Union budget 2022–23 are anticipated to drive the spraying drones.
- April 2021: Syngenta made a US$30 million investment in EAVision Technologies, which specializes in designing autonomous agriculture drones for precision spraying and is headquartered in California. Additionally, the constant government support to enhance agriculture production and the availability of supportive infrastructure is expected to significantly drive the market.
- October 2021: AgEagle, based out of Kansas, launched multispectral drones with one of the highest resolutions for use in forestry, agriculture, and land management drone programs.
- February 2022: Trimble, a California-based company, launched the next-generation 3D paving control system for Asphalt compactors, which is designed to augment the speed and accuracy of the compactors.
- May 2022: Unnati launched a drone spraying service for Indian farmers. The company has aligned itself with the Civil Aviation Ministry’s long-term vision of making India a global drone hub. The platform will use a fleet of drones that have been approved by the DGCA (Directorate General of Civil Aviation) to provide the service.
Agriculture Drones Market Scope:
|Market Size Value in 2020||US$1,492.443 million|
|Market Size Value in 2027||US$10,069.529 million|
|Growth Rate||CAGR of 31.35% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Type, Application, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Parrot Drone SAS, DJI, AeroVironment, Inc., AgEagle Aerial Systems Inc., PrecisionHawk, Trimble Inc., DRAGONFLY UAS, Sentera, Inc., Microdrones, Dronedeploy|
|Customization Scope||Free report customization with purchase|
- By Type
- Fixed Wing
- By Application
- Field Mapping
- Crop Scouting
- By Geography
- North America
- United States
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. AGRICULTURE DRONES MARKET BY TYPE
5.2. Fixed Wing
6. AGRICULTURE DRONES MARKET BY APPLICATION
6.3. Field Mapping
6.4. Crop Scouting
7. AGRICULTURE DRONES MARKET BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.4.1. 7.4.1. UK
7.4.2. 7.4.2. Germany
7.4.3. 7.4.3. France
7.5. Middle East and Africa
7.5.2. Saudi Arabia
7.6. Asia Pacific
7.6.5. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Parrot Drone SAS
9.3. AeroVironment, Inc.
9.4. AgEagle Aerial Systems Inc.
9.6. Trimble Inc.
9.7. DRAGONFLY UAS
9.8. Sentera, Inc.
Parrot Drone SAS
AgEagle Aerial Systems Inc.
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