The global agriculture drone market is expected to reach USD
3,770.0 million by 2024, according to a new report by Grand View Research, Inc.
The increasing technological advancements in equipment and for enhancing the
quality of the farming techniques have led to the increased implementation of
agriculture drones in the market.
Increasing automation in the agriculture process,
owing to the labor crisis, such as lack of skilled farmers, aging farmers, is
also expected to positively impact the market growth. A favorable shift in the
regulatory policy is also expected to allow start-ups to operate in small and
large farming operations and aid in disease & water management.
Innovations in the GPS mapping field coupled with
the advancements in precision agriculture are expected to propel the industry
growth over the forecast period. Drones have the potential to implement better
plantation with crop rotation strategies and give crucial inputs related to the
daily progress of crops which is further contributing to the growth.
The companies operating in the industry are
designing and manufacturing systems that are collecting the data and are
incorporating them into business models. which is further anticipated to
enhance the industry growth. The data gathered from drones help the farmers to
improve yields; supply water, fertilizer, or chemical when needed, and are also
able to map their fields, check for signs of disease, monitor crop health, and
save time in the process.
The scarcity of trained pilots for operating the
drones may impact the market growth, although the market is expecting to
overcome the scarcity, gradually, with the increasing applications of the
drone.
Full research report on agriculture
drone market analysis:
http://www.grandviewresearch.com/industry-analysis/agriculture-drones-market
http://www.grandviewresearch.com/industry-analysis/agriculture-drones-market
Further key findings from the report suggest:
·
The fixed wing agriculture drone is expected to
remain as a key revenue generating segment over the forecast period. The hybrid
agriculture drones are anticipated to witness enormous growth in the next 8
years, owing to their ability to carry heavy weights and hover over fields.
·
The crop scouting application is anticipated to
drive the market growth over the forecast period, with the increasing
application of crop spraying, which will further increase the yields and reduce
the wastage of pesticides & fertilizers and crops.
·
The North America agriculture drones market is
expected to remain the key revenue generating region with a prevalent share of
the industry. The increasing adoption of the drones, in various applications
including spraying, seeding, and livestock farming, has led to the enormous
market share.
·
The Asia Pacific agriculture drone market is
anticipated to witness a significant growth over the forecast period, owing to
the increasing investments in R&D in the region.
·
The key players in the agriculture drone market
include DJI Technology, Trimble Navigation Ltd., PrecisionHawk, Parrot SA, and
3D Robotics
View more reports of this category by
Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the agriculture drone market based on product type, application, and region:
Product Outlook (Transaction Revenue, USD Billion, 2014 - 2024)
·
Fixed wing
·
Rotary blade
·
Hybrid
Application Outlook (Transaction Revenue, USD Billion, 2014
- 2024)
·
Field mapping
·
Variable rate application
·
Crop scouting
·
Others
Regional Outlook (Transaction Revenue, USD Billion, 2014
- 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-agriculture-drones-market
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