Agriculture Drones Market Outlook
The Agriculture Drones market was valued at USD 5.1 billion in 2023 and is expected to grow from USD 6.357 billion in 2024 to USD 36.602 billion by 2032, with a compound annual growth rate (CAGR) of 24.46% during the forecast period (2024 - 2032). The key drivers of this growth are the rising demand for precision farming technology and the implementation of government initiatives aimed at promoting efficient farming practices.
Drones have become popular due to their ability to improve agricultural processes and increase crop yields. They are used worldwide for data collection, crop health monitoring, soil and field quality analysis, and water management. Agriculture should benefit from the convergence of technologies such as the Internet of Things (IoT), big data and artificial intelligence (AI). These innovations are improvements in agriculture and existing equipment, including attached tractors.
Many farmers use soil surveys and drones to understand their production patterns. Create real-time and affordable 3D maps with drones. These are used to create seeds to prepare different types of data. Drones are used to treat diseases, agricultural problems, and water problems. For example, a startup called DroneSeed Company has recently received FAA certification to use drones to deliver water, wood, pesticides, fertilizers, and other materials to US reforestation projects that will begin in 2022.
The United Nations estimates that by 2050 there will be 9.7 billion people worldwide and will need almost 70 percent more agriculture than in 2010. meet the needs of a growing economy. In agriculture, drones with powerful sensor payloads are increasingly used for daily monitoring and specific information about the location of water, pesticides, and other services. Farmers can use these drones to work on farms, increasing productivity and reducing labor costs.
DJI, Yamaha Motor Co Ltd, Trimble Inc, Parrot Drone SAS, Microdrone, Israel Aerospace Industries, American Robotics Inc, ideaForge Technology Ltd, AgEagle Aerial Systems Inc, Delair, Sentera, XAG Co Ltd, Precision Hawk, Marut Dronetech Private Limited, DroneDeploy are the key market players
Segment Analysis
The Global Agriculture Drones Market has been segmented based on product, component, and application.
Based on product, the market is segmented into fixed-wing drones, rotary blade drones, and hybrid drones. The rotary blade drones’ segment was attributed to holding the largest market share in 2022 with a market share of ~66% revenue as estimated by MRFR analysts.
Based on components, the Global Agriculture Drones Market has been segmented into hardware and software. The hardware segment was expected to hold the largest market share in 2022.
Further, based on the application, the market is segmented into irrigation monitoring, soil & crop field analysis, planting & pesticide spraying, field mapping, crop scouting, and others. The soil & crop field analysis segment is projected to have the largest market share during the forecast period.
Regional Analysis
The Global Agriculture Drones Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The North America Agriculture Drones market comprises of US, Canada, and Mexico. The Agriculture Drones market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Agriculture Drones market comprises of Middle East, Africa, and Latin America.
North America is the largest and most advanced market for the adoption of new agricultural technologies. North America has dominated the smart agriculture market with new technology and new ideas. It has also improved agriculture with the help of IoT and artificial intelligence. In urban areas, farmers know how to use smartphones and new technologies. Farmers can use sensors to determine the maximum height of plants in the field.
Asia pacific region is growing due to the extensive export of agricultural products around the world and high agricultural production, the Asia Pacific Agriculture Drones market has the fastest rising market share. Agriculture drone demand will most likely be driven by major agricultural nations such as China, India, Indonesia, and several other Asian countries. Furthermore, the China Agriculture Drones market had the biggest market share, while the India Agriculture Drones market was the fastest-growing industry in the area. owing to rising awareness of the use of smart drones to inspect and monitor agricultural areas in order to improve crop productivity in the region.
Additionally, market factors, owing to rising awareness of the use of smart drones to inspect and monitor agricultural areas in order to improve crop productivity in the region. Furthermore, the UK Agriculture Drones market had the greatest market share, while the Germany Agriculture Drones market was the fastest expanding in this region.
Key Findings of the Study
The Global Agriculture Drones Market is expected to reach USD 36,602.2 million by 2032, at a CAGR of 24.5% during the forecast period.
The North America region accounted for the fastest-growing global market, It has also improved agriculture with the help of IoT and artificial intelligence.
Based on application, the soil & crop field analysis was attributed to holding the largest market in 2022, with an approximate market share of 32.8%.
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