Press release
Agricultural Drones Market Share By Top Companies: 3D Robotics, AeroVironment, AGCO Corporation, Boeing, DJI, Google, GoPro, Intel Corporation, L3 Technologies, Parrot, PrecisionHawk, RUAG Aviation, Trimble Inc., Denel Dynamics
Agricultural Drones Market
Agricultural Drones Market size is set to surpass USD 1 billion by 2024, according to a new research report by Global Market Insights, Inc. Global shipments will exceed 200 thousand units by 2024. UAV LiDAR and photogrammetry imaging applications are potential opportunities for the agricultural drones market size. UAVs mounted with lidar drones in community projects will help in providing aerial view and building topographic maps.
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Growing awareness regarding UAV implementation benefits among farmers will support the agricultural drones market share from 2017 to 2024. Increasing technological advancements to enhance quality farming techniques will further drive the industry demand over the forecast timeline. Increasing automation due to lack of skilled resources and labor crisis will fuel the industry. Favorable government initiatives across the agricultural sector will allow large and small operations to aid in effective farming practices.
UVAs incorporated with infrared, hyperspectral, and multispectral cameras provide the required vision to the farmers, thus shielding the crops and farm. These images provide the necessary data and support the decision-making process. Images captured by multispectral cameras serve as an effective tool for plant health and soil evaluation analysis. Identification of weeds, pests, pesticide usage optimization, determining spacing issues, visual inspection of crops and fence are among the major benefits.
Stringent government regulations and patents involved with advanced technologies will hamper the agricultural drones market size from 2017 to 2024. The products are required to avoid emergency conditions or accidents in the farms. Thus, lack of trained pilots and safety concerns associated with these devices are major challenges for the industry. Universities and technical institutes are establishing various programs to provide guidelines for operating UAVs.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 3D Robotics
2. AeroVironment
3. AGCO Corporation
4. Boeing
5. DJI
6. Google
7. GoPro
8. Intel Corporation
9. L3 Technologies
10. Parrot
11. PrecisionHawk
12. RUAG Aviation
13. Trimble Inc.
14. Denel Dynamics
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Agricultural Drones Market By Product
• Hardware
o Fixed wing
o Multi rotor
o Nano
o Hybrid
• Software
o Data management
o Imaging
o Data analytics
o Others
Agricultural Drones Market By Application
• Field mapping
• Variable rate application
• Crop Scouting
• Others
The fixed wing agricultural drones market share accounted for about 70% of the revenue in 2016. The segment will dominate the industry over the forecast timeframe owing to the ability to carry heavy payloads and cover long distances. Imaging software plays a key role in processing images captured by cameras mounted on UAVs, which will fuel software revenue in the coming years.
Favorable government initiatives in the agricultural sector is expected to be the key growth factors in the Europe agricultural drones market size. Venture capitalists are investing in unmanned aerial vehicle startups which will yield significant return to the investors. Companies such as Syngenta, Mitsui and Monsanto backed startups for improving crop spraying, harvesting and irrigation. DJI elevated USD 75 million during its first drone launch for the agricultural space.
Companies operating in the agricultural drones market include 3D Robotics, AeroVironment, Aeryon Labs Inc, AGCO Corporation, AgEagle Aerial Systems, Agribotix, Boeing, Delair, Denel Dynamics, DJI, Draganfly Innovations, DroneDeploy, FT SISTEMAS S.A., Google, GoPro, HoneyComb Corporation, Intel Corporation, IAI - Israel Aerospace Industries, L3 Technologies, Parrot, PrecisionHawk, RUAG Aviation, Skycatch, Trimble Inc., and Yuneec USA Inc.
Browse key industry insights spread across 115 pages with 76 market data tables & 60 figures & charts from the report, Agricultural Drones Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/agricultural-drones-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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