Global Agricultural Drones Market Research Report: Information by System (Controller System, Propulsion System, Camera System, and Navigation System), Component (Hardware and Software), Application (Field Mapping, Crop Scouting, Variable Rate Application, Crop Spraying, Livestock Monitoring, and Agricultural Photography), and Region (North America, Europe, Asia-Pacific, Middle East Africa, and Latin America)—Forecast till 2027
Market Highlights
Regional analysis for Agricultural Drones Market is studied in different geographic regions such as North- America, Europe, Asia-Pacific and rest of world. North America has acquired the largest market share in agricultural drones market due to growth in use of drones in California vineyard for making better wine. Europe is the second largest region leading which is driven by crop spraying methods which has led to precise and accurate spraying of pesticides and chemicals on slopes. Asia-Pacific region drives India in boosting its agricultural sector under the mission ‘Make in India’ which increases the need of agricultural drones in market.
The Agricultural Drones Market is growing rapidly over 27% of CAGR and is expected to reach at USD ~4.3 billion by the end of forecast period.
Agricultural Drones Market Segmentation
Agricultural drones market is segmented on the basis of component and application .The component segment consists of hardware and software sub-segments. The hardware segment includes fixed-wing, rotary blade and hybrid. The software segment includes data management, imaging software and data analysis. The application segment consists of field mapping, crop scouting, variable rate application, crop spraying, livestock and agricultural photography. By component segment, rotary blade drones are faster to set up in the field and can take off and land easily. These drones are easy to operate and have ability to fly more precisely in conditions where the turns are sharp. These drones are easy to operate for inexperienced users to make drones take off and land easily.
Key Players:
The prominent players in the agricultural drones market are- Yamaha Motor Company (Japan), Da-Jiang Innovations Science Technology Corporation Ltd (China), Aero Vironment Inc. (U.S.), Avular Bv (Netherlands), Resson Aerospace Corporation (Canada), Effidence (France), Aeryon Labs (Canada), 3D Robotics (California), Draganfly Innovations (Canada), Precisionhawk (U.S.) and Blue Sky Agro (India), among others.
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Market Research Analysis:
Agricultural drones market is expected to revolutionize the future of the world in the forecast period.
These drones are used in precision agriculture which carry out optimization of treatments done on crops by reducing the use of fertilizers to half percent. The advantages of using drones is that it reduces water consumption, labor and material costs and provides up-to-date information about the processes carried out and field status.
Regional analysis for agricultural drones market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. North America market is identified as fastest growing market in order to make smarter decisions in production of crops such as where to harvest, which plants need more nutrients, which areas need more water and which need less. Europe is dominating the market for the use of agricultural drones due to the awareness among farmers to attend agricultural shows that help them realize the GPS devices installed in tractors to carry out target crop treatments with precision and accuracy.
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Table Of Contents
1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Agricultural Drones Market, By System
1.1.2 Global Agricultural Drones Market, By Component
1.1.3 Global Agricultural Drones Market, By Application
1.1.4 Global Agricultural Drones Market, By Region
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
2.4 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Top-Down And Bottom-Up Approaches
3.6 Forecast Model
3.7 List Of Assumptions
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunity
5.5 Trends
5.6 Patent Analysis
6 Market Factor Analysis
6.1 Porter’s Five Forces Model
6.1.1 Threat Of New Entrants
6.1.2 Bargaining Power Of Suppliers
6.1.3 Bargaining Power Of Buyers
6.1.4 Threat Of Substitutes
6.1.5 Intensity Of Rivalry
6.2 Supply Chain
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