IMARC Group, a leading market research company, has recently released a report titled "Agriculture Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The study provides a detailed analysis of the industry, including the global agriculture drones market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Agriculture Drones Industry?
According to the report, The global agriculture drones market size reached US$ 1,530.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 9,558.4 Million by 2028, exhibiting a growth rate (CAGR) of 35.65% during 2023-2028.
What is Agriculture Drones?
Agriculture drones are unmanned aerial vehicles (UAVs) remotely managed by an operator or autonomously by onboard systems, which are used for agricultural purposes. They comprise frames, controller systems, propulsion systems, cameras, navigation setup, multi and hyperspectral sensors, batteries, motors, connectors, sprayers, and sprinklers. They are often available as fixed-wing and rotary-wing drones, which are employed to acquire aerial-view images of crop fields. Agriculture drones are required for spraying or sprinkling pesticides, herbicides, insecticides, biofertilizers, and plant growth regulators (PGRs) over farmlands, terrains, taller crops, and infected areas.
They enable farmers to focus on accurate and reliable information for regulating crop scouting, treatment, and irrigation without any uncertainty or ambiguity. Agriculture drones are used to conduct field soil analysis and crop damage assessments for faster recovery of plants and mitigating losses. They also improve water efficiency and expose potential leaks in water systems at farms by providing irrigation monitoring yield data of the vegetation index. They aid in tracking the health of vegetation and spotting the presence of bacterial or fungal plagues in the initial stages. Besides this, they assist farmers in documenting crop damages for accurate insurance claims across the globe.
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What are the growth prospects and trends in the Agriculture Drones industry?
Presently, the increasing demand for agriculture drones in maintaining a diverse crop management system represents one of the primary factors influencing the market positively. Besides this, the growing utilization of agriculture drones for monitoring the movement of cattle and detecting injury or sickness using thermal sensor technology is offering a favorable market outlook. In addition, there is an increase in the adoption of drone-planting systems to shoot pods, seeds, and crucial nutrients into the soil. This, along with the rising demand for multispectral sensors to monitor seed planting patterns and conduct nitrogen level management in the soil, is contributing to the growth of the market. Apart from this, key companies are developing efficient agriculture drones integrated with artificial intelligence (AI), machine learning (ML), and various remote sensing features.
Additionally, the rising availability of auto-piloting and flight control software for drones and other unmanned vehicles is strengthening the growth of the market. Moreover, agriculture drones are capable of providing regular updates to farmers about the development of their crops and assisting them in implementing effective farming techniques. In line with this, agriculture drones can also adapt to various weather conditions, which is supporting the growth of the market. Furthermore, the increasing employment of precision farming to avoid losses and increase production is propelling the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Offering:
- Fixed Wing
- Rotary Wing
- Hybrid Wing
- Data Management Software
- Imaging Software
- Data Analytics Software
Breakup by Component:
- Controller Systems
- Propulsion Systems
- Navigation Systems
Breakup by Farming Environment:
Breakup by Application:
- Field Mapping
- Variable Rate Application
- Crop Scouting
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 3D Robotics Inc.
- AeroVironment Inc.
- AGCO Corporation
- AgEagle Aerial Systems Inc.
- American Robotics Inc. (Ondas Holdings Inc.)
- Parrot Drone SAS
- PrecisionHawk, Trimble Inc.
- Yamaha Motor Co. Ltd.
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