Agricultural Drones Market Key Participants, Trends, and SWOT Analysis
Global agricultural drones market is forecasted to grow at a CAGR of 33.28% in the coming
years due to increasing awareness of precision farming. Agricultural drones are
specially used in farming for improving crop production. They are inbuilt with
digital imaging features and sensors that capture pictures of the crop. They
monitor the crops efficiently and improve overall farming efficiency. With the
help of birds’-eye view offered, agricultural drones commendably reveal issues
like soil variation, irrigation problems, fungal and pest infestations.
Market is driven by
factors like increasing need for improving crop production, rising government
initiatives for use of enhanced technologies for farming, and increase in
demand from farmers of developed economies. Moreover, increasing use of
agricultural drones by economies around the globe are also driving the market
growth. However, lack of awareness among consumers of use of drones in farming,
lack of training for the efficient use of drones, and slow adoption of
technologies in drones is hampering the growth of agricultural drones market.
The advent of modern
agricultural drones is one of the major trends witnessed by agricultural drone
market. Different technologies like automatic milking systems, driverless
operation, and drone crop dusters, among others are expected to offer
opportunities in the market.
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Agriculture drones market is
categorized on the basis of type, application and geography. On the basis of
type, market is divided into multi-rotor (quad copter), fixed-wing, and hybrid
drones. Fixed wing drones segment is expected to grow at a faster rate owing to
the benefits like coverage of larger area, longer autonomy of flight and
improved photographic result.
In terms of application, market is
divided into crop scouting, spraying, field mapping and others. Spraying
segment is projected to hold larger share of the market owing to the increasing
use of drones for spraying different fertilizers, liquid pesticides, and
herbicides on the land.
Geographically, market is segmented as
North America, Latin America, Europe, Asia Pacific, and Middle East &
Africa. North America and Europe is predicted to dominate the agricultural
drones market owing to increase in demand from various countries for deploying
drones. Due to this demand, Europe is focusing on deploying drones for farming
purpose.
The leading players profiled in
agricultural drones market comprise Agribotix LLC, AeroVironment, AgEagle LLC,
Parrot SA, AGCO Corp, DJI, Eagle UAV Services, 3D Robotics Inc., Precisionhawk,
Honey Comb Corp, Trimble Navigation Limited, and Sentera LLC.
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