The agriculture drones market is projected to grow at a CAGR of 32.49% to reach US$7,013.092 million by 2026, from US$978.651 million in 2019. Agriculture drones are mainly referred to as unmanned aerial vehicles that are typically used in farming practices to increase crop protection and monitor crop growth. The components included in agriculture drones are controllers’ systems, frames, camera systems, propulsion systems, batteries, and navigation systems. Data analysis and management can be done effortlessly and efficiently with the use of agriculture drones which capture high-resolution images. These drones are mainly used for monitoring yield and crop conditions, lowering chances of irrigation leakage problems, and minimizing chances of pest infestation. The use of agriculture drones in nursery management, livestock monitoring, weed management, and precision agriculture has led to its adoption in various industry verticals.
Drone technology has come full circle in the past few years, with agriculture quickly becoming one of the most prominent verticals to be affected by it. Drone technology's current use in agriculture is poised to continue its growth through 2020 and beyond. Drones have developed a reliable reputation as a powerful tool for farmers and ranchers. There are now more potential buyers entering the drone market, which will further help growers capture more of their farm inputs expenses throughout the year.
Agricultural drones are coming into their own with small businesses investing more in this technology with each passing year. Because drones are more affordable than ever before, farmers are less wary of investing in the technology for their farms. This means that drone manufacturers will be able to capture the interest of more potential buyers who previously thought it would be too expensive. Agriculture has welcomed technology with open arms over the past decade, but only recently has drone technology started to explode onto the scene. Farmers are using new technologies to better manage the land they cultivate, and drones are at the forefront of this change. Drones are an important tool to help farmers collect valuable information about their farms, which gives them insight into how to improve production moving forward.
Market Share Segmentation
By type, the agriculture drones market is segmented into fixed-wing, multi-rotor, and hybrid. The fixed-wing segment is anticipated to grow at a faster pace owing to its long endurance due to which it can cover larger areas fields and also these have fast flight speed due to which the adoption of fixed-wing have highly surged in the forecast period.
By application, the agriculture drones market is segmented into spraying, field mapping, crop scouting, and others. The field mapping segment is anticipated to show promising growth as field mapping helps look at the health and condition of crops across different management zones and soil types to understand yield potential and crop health.
Geographically, North America and the Asia Pacific region are expected to show prominent growth during the forecast period owing to the high adoption of smart agricultural techniques in developing such including China and India and countries in Southeast Asia. The support from the government through subsidies, availability of arable farms, and the ever-growing population in the region is accounting for the adoption of agricultural drones in the region. The use of agricultural drones to spray disinfectants due to the rising COVID-19 infection in China has led to the increasing demand for these drones in the region.
One of the major reasons for the growth of agricultural drones is the exemptions provided by the US FAA for the use of agriculture drones. FAA’s small UAS rule (Rule 107) has had an extensive impact on the usage of drones across various industry verticals including agricultural use. The rule proposes the use of drones by ranchers and farmers and defines the provisions and requirements to direct the use of drones in remote sensing operations. Also, the increasing investments in these drones as they provide major assistance in spraying, seeding and livestock farming has led to the growth and demand of these agriculture drones in the market.
A major restraint in the growth of the agriculture drones market is the Air Traffic Management and standardization of communication protocols and interfaces for precision agriculture. The rising adoption of agriculture drones has led to the provision and requirement of suitable airspace traffic management to avoid collisions and accidents.
The COVID-19 impact on the agriculture drones market has been negative owing to the production halt by industries due to the temporary lockdown implemented by several governments to break the cycle of the virus. The disruption in the demand and supply chain has further hampered the market in the forecast period. The unfavorable conditions risen due to the COVID-19 virus have had a negative impact on the agriculture drone’s market.
|Market size value in 2019||US$978.651 million|
|Market size value in 2026||US$7,013.092 million|
|Growth Rate||CAGR of 32.49% from 2019 to 2026|
|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|
The Agriculture Drones market has been analyzed through the following segments:
Frequently Asked Questions (FAQs)
Q1. What is the size of the agriculture drones market?
A1. Agriculture Drones Market was valued at US$978.651 million in 2019.
Q2. What will be the agriculture drones market size by 2026?
A2. The agriculture drones market is projected to reach a market size of US$7,013.092 million by 2026.
Q3. What are the growth prospects for the agriculture drones market?
A3. The global agriculture drones market is projected to grow at a CAGR of 32.49% over the forecast period.
Q4. Which region holds the largest market share in the agriculture drones market?
A4. Geographically, North America and the Asia Pacific region are expected to show prominent growth owing to the high adoption of smart agricultural techniques.
Q5. What factors are anticipated to drive the agriculture drones market growth?
A5. One of the major reasons for the growth of agricultural drones is the exemptions provided by the US FAA for the use of agriculture drones.
Parrot Drone SAS
AgEagle Aerial Systems , Inc.
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