Researchstore.biz launched a study titled “Global Agriculture Drones Market by Type (Hardware, Software), Application (Field Mapping, VRA, Crop Scouting, Livestock, Crop Spraying), Component (Frames, Controller Systems, Propulsion Systems, Camera Systems, Navigation systems, Batteries, Others), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025.
The global agriculture drones market is expected to grow from USD 500.71 Million in 2017 to USD 4,643.11 Million by 2025 at a CAGR of 32.1% during the forecast period from 2018-2025. Major drivers that fuel the growth of agriculture drones market are:
- Increase in venture funding
- Increasing awareness about the benefits of agricultural drones
- Need of software solutions for field survey and data analytics
- Growing trend of personalization
Drones are a blending innovation that could change how agriculturists deal with their tasks and could eventually move towards becoming as unavoidable as tractors. Among different utilizations, drones are fit for gathering information that can be utilized to choose if crops have enough water or discover spillages in the water system framework. The agriculture drones have picked up footing by seeing the huge development in populace driving towards the developing interest for nourishment. Agriculturists are executing this innovation, in cultivation to increase better profitability and productively utilize water, land, and composts. Besides, the innovative agriculture drones are being developed which include sensors, better materials, and imaging capacities; these developments are anticipated to fuel the future of agriculture drones.
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Increasing number of smart homes and rapid explosion of multifunctional devices is anticipated to drive Agriculture Drones market:
Increase in venture funding, growing awareness about the benefits of agricultural drones, and availability of software solutions for field survey and data analytics are the key driving factors for the agriculture drones market. In addition, growing trend of personalization across the globe will lead the growth of agriculture drones market in couple of years. The scarcity of trained pilot, security and safety concerns, and sir traffic management may limit the growth of market. However, rising demand for drones from various countries is expected to boost the agriculture Drones market over the forecast period.
The global agriculture drones market is segmented on the basis of type (hardware, software), application, component, and regions.
Hardware segment is anticipated to grow with the highest CAGR of 34.64% over the forecast period
Type segment includes hardware and software. The hardware segment is sub segmented into fixed wing, rotary blade, and hybrid. The software segment is further sub segmented into data management, imaging software, data analysis, and others. Hardware segment is anticipated to grow with highest CAGR over the forecast period. Hybrid drones can hover, fly at fast speed, and remain steady; the advantages of these drones are boosting the growth of the market and are the key factors to drive the demand of hardware segment
Camera systems held the largest market share of 30.43% in 2017.
Component covers frames, controller systems, propulsion systems, camera systems, navigation systems, batteries, and others. Camera systems segment is anticipated to grow with the highest CAGR as agriculture drone devices provide technologies that offer real time visualization of the security.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific held the largest market share of approximately 26.4% in 2017. The heavy investments in research and development for adoption of agriculture drones have increased the market share of the Asia Pacific region. .
The major players for Agriculture Drones market include DJI, 3DR, Trimble Navigation Ltd., DroneDeploy, AgEagle LLC, Agribotix LLC, AutoCopter Corp., Delair-Tech, Eagle UAV Services, HoneyComb Corp., PrecisionHawk, Parrot SA, Yamaha Motor, AeroVironment, Inc., and URSULA Agriculture.
Agriculture drones market is segmented into the following submarkets:
Agriculture Drones Market by Type
- Fixed Wing
- Rotary Blade
- Data Management
- Imaging Software
- Data Analysis
Agriculture Drones Market by Application:
- Field Mapping
- Weed Detection
- Plant Counting
- Crop Health Monitoring
- Crop Health Monitoring
- Variable Rate Application (VRA)
- Crop Scouting
- Crop Spraying
- Agriculture photography
Agriculture Drones Market by Component:
- Controller Systems
- Propulsion Systems
- Camera Systems
- Multispectral Cameras
- Thermal Cameras
- LIDAR Cameras
- Infrared Cameras
- High Resolution Cameras
- Navigation systems
- Global Positioning Systems (GPS)
- Geographic Information Systems (GIS)
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Agriculture Drones Market by Regions:
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of South America
MIDDLE EAST AND AFRICA
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
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