Agricultural Drones Market Analysis by Key Players Yamaha, Microdroness, China Aerospace, EHang, Aeryon Labs, 3DR with forecast 2018-2023

The global agriculture drones market revenue at USD 293 Million in 2016 and is anticipated to expand at a CAGR of 21% during the forecast period from 2018 to 2023.

The development of the agriculture drones Market changes the business environment of agriculture and enables highly precise agriculture. Agricultural technology will witness major changes in the value chain as you move into various aspects of agriculture. The introduction of this advanced technology will be the biggest change of insecticide in the future. This has had a major impact on the market dynamics of the global unmanned aerospace industry.

Drones are better known as a UAV. It has been around for a long time and has been used in a variety of industries including mining, construction, military and agriculture. Recently, the world's attention has been paid to the agricultural use of drones after witnessing an enormous increase in population as the demand for food increases. However, the use of UAV in precision agriculture has been used in Asia Pacific, North America and parts of Europe since the 1990s. This UAV is mainly used to spray pesticides and crops and is used in many places around the world for the same purpose. The market for agricultural unmanned aerial vehicles is the most attractive market that is expected to change the way agriculture is done early.

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The agricultural reconnaissance application program in the agricultural unmanned aerial vehicle industry helps farmers achieve the perfection and accuracy of fertilizer and pesticide applications. This unmanned aircraft uses the Normalized Difference Vegetation Index (NDVI). NDVI uses various infrared sensors to detect plants under pressure. It is also used to differentiate soil in grasses and forests. In addition, UAVs with LiDAR photogrammetric applications provide terrain views and aerial views of scenes.

The global agriculture drones market is expected to be driven by the North America region However, Europe is estimated to contribute major share in the overall agriculture drones market, closely followed by Asia Pacific. In Europe, France is anticipated to drive the growth of agriculture drones market. The growing deployment of drones in European countries is largely due to the growing need among countries to enhance the overall farm productivity. The European Union (EU) is also actively working in the direction of deploying drones for farming.

Competition in the agriculture drones market has just begun to intensify with new product launches. For example, FLIR, a company that manufactures thermal cameras, has unveiled an unmanned aerial camera that provides thermal maps for the farm. Companies currently active in the global unmanned aerial vehicle market include AeroVironment, Yamaha, DJI, GoPro, GoPro, Google and Boeing. Many of them will be strong competitors in the global agricultural drones market in the near future.

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