Crop spraying drones market is projected to grow at a CAGR of 71.34% during the forecast period, reaching a total market size of US$48.681 billion in 2024 from US$1.924 billion in 2018. The crop-spraying drones are used for spraying pesticides in the agricultural fields. These drones are useful as it sprays faster and more precisely than manual labor spraying. Spraying is a hazardous activity and it endangers the health of farmers and laborers while also resulting in massive overuse of toxic chemicals. Thus, growing concern towards the harmful impact of pesticides on the environment and human health is significantly driving the demand for crop spraying drones. The market for crop spraying drones is also being driven by the growing global food insecurity due to the burgeoning population. The use of drones in large lands leads to the reduction of labor costs and wastage of water. Rising investments in R&D by major market players will also propel the growth of crop spraying drones market during the forecast period. However, stringent regulations are hampering the adoption of crop-spraying drones, thus negatively impacting market growth.
The “Crop Spraying Drones Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type and geography.
The crop-spraying drones market has been segmented based on type and geography. By type, the market is classified as fixed wing drone, rotary wing drone, and hybrid drone.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the crop spraying drones market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the crop spraying drones market.