Researchstore.biz presents a fresh research 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 projected to jump USD 4,643.11 Million by 2025 from USD 500.71 Million in 2017. It may achieve a CAGR of 32.1% during the forecast period from 2018-2025. Following factors drives the agriculture drones market:
- Growth in venture funding
- Rising awareness about the benefits of agricultural drones
- The requirement of software solutions for field survey and data analytics
- Growing trend of personalization
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Agriculture Drones Market Synopsis:
Drones are aerial vehicle that has a high demand in every sector. In several years, drones could become unavoidable as tractors in agriculture and change how agriculturists deal with their tasks. Drones can be used to collect information on whether crops have enough water or discover spillages in the water system framework. the developing interest for nourishment has increased the demand of the agriculture drones. Agriculturists are moving towards this technology to raise profitability and productively utilize water, land, and composts. In addition, the development of innovative agriculture drones that boasts better materials, sensors, and imaging capacities, are anticipated to fuel the future of agriculture drones.
Drivers and Restrainers of Agriculture Drones Market:
The growing number of smart homes and rapid explosion of multifunctional devices both are expected to drive agriculture drones market. Further, growth in venture funding, increasing awareness about the advantages of agricultural drones, and availability of software solutions for field survey and data analytics are the leading driving factors for the agriculture drones market. Additionally, the rising trend of personalization in the world is estimated to head the agriculture drones market growth in the near future. However, there’re growth limiting factors too. The scarcity of trained pilot, security and safety concerns, and air traffic management may restrain the market growth. The growing demand and need of drones across the globe could boost the agriculture drones market over the forecast period.
Market Segments Covered In This Report:
The global agriculture drones market is segmented by type (hardware, software), application, component, and regions. Hardware segment could touch the highest CAGR of 34.64% over the forecast period. There is hardware and software segment. The hardware segment, predicted to grow with highest CAGR over the forecast period, is divided into fixed wing, rotary blade, and hybrid, while software segment is segregated into data management, imaging software, data analysis, and others. Hybrid drones can hang, fly at fast speed, and stay at one place for a long time. These drones can boost the growth of the market, indicating the key factors to drive the demand for hardware segment.
In 2017, the largest market share of 30.43% was registered by camera systems and this segment is now anticipated to grow again with the highest CAGR. The major component of the drone system include frames, controller systems, propulsion systems, camera systems, navigation systems, batteries, and others. The agriculture drone devices sports technologies that offer real-time visualization of the security.
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Regional Segmentation Coverage:
North America, Europe, Asia Pacific, South America, and Middle East and Africa are the key regions where the market is analyzed. Asia Pacific valued the largest market share of approximately 26.4% in 2017 that is supported by the heavy investments in research and development for the adoption of agriculture drones.
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.
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