Press release
Agriculture Drones Market 2018 Key Player Analysis - Trimble Navigation Limited, DJI Technology Co., Ltd, Parrot SA, Drone Deploy, Agribotix LLC, Honeycomb Corporation, Aerovironment, Inc., Eagle UAV Services LLC, 3D Robotics Inc., AgEagle Aerial Systems
There has been an increasing adoption of agricultural drones across the world owing to growing agricultural industry, and high-demand for high quality food crops. The growing use of drones for crop health monitoring, weed detection, variable rate application, crop scouting, and livestock management supports the agriculture drones market growth.
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Other factors driving the growth of this market include growth in the global agricultural industry, reducing availability of labors, and increasing labor costs. However, safety, security, and privacy concerns restrict the growth of the agricultural drones market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
According to the United States Department of Agriculture, National Agriculture Imagery Program (NAIP) utilizes drones with camera and sensor payloads to develop digital orthophotographs. These images are available to the government agencies and general public for estimation of land usage, crop plantings and yields, and others. In March 2016, Agribotix LLC partnered with Inter-American Institute for Cooperation on Agriculture (IICA) to introduce agriculture drone and data analytics for crop health management and improvement of agriculture production.
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North America generated the highest revenue in the market in 2017. The increasing population, and growing demand for high quality crops drives the growth of this market. Growing cost of labor and increasing automation in agricultural practices further support global agriculture drones market growth. Increasing investments and subsidies in the agriculture sector by governments are expected to boost the adoption of drones for increased productivity in farms.
The well-known companies profiled in the report include Trimble Navigation Limited, DJI Technology Co., Ltd, Parrot SA, Drone Deploy, Agribotix LLC, Honeycomb Corporation, Aerovironment, Inc., Eagle UAV Services LLC, 3D Robotics Inc., AgEagle Aerial Systems, Inc., Autocopter Corp, and Ursula Agriculture. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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