The agriculture drones market is projected to grow at a CAGR of 26.81% during the forecast period of 2017-2023. Growing global food insecurity has resulted in the rapid shift from conventional to mechanized farming practices. This, in turn, is boosting the demand for agriculture drones across the globe for various applications. Crop spraying application is projected to witness a significant CAGR during the forecast period in order to reduce the wastage of pesticides. Government initiatives and programs to use drones in for various agricultural applications will contribute to the growth of agriculture drones market during the forecast period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Agriculture Drones value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Agriculture Drones market.
Major industry players profiled as part of the report are Agribotix LLC, Parrot Drone SAS, DJI, AeroVironment, Inc., and HoneyComb Corporation among others.
The Agriculture Drones market has been analyzed through following segments:
• By Type
o Fixed Wing
• By Application
o Field Mapping
o Crop Scouting
• By Geography
o United Kingdom
Middle East and Africa
Key insights offered
What will be the Agriculture Drones market size from 2017 to 2023?
How are the major drivers and restraints affecting the Agriculture Drones market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.