Agriculture Drone Market worth 4.89 Billion by 2023

The report defines global agriculture drones market as the unmanned aerial vehicles used to numerous agriculture applications. The global agricultural drones market was worth USD 525.6 million in 2016 and it is projected to reach USD 4898.051 million in 2023, expanding at a CAGR of 32.7% between 2017 and 2023. Drone is a common name used for the unmanned aerial vehicle. These drones are used in farming to monitor crop growth. Additionally, it helps to increase crop production. Agricultural drones let farmers see their fields from the sky.

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Rapidly growing adoption of precision farming drives the growth of agriculture drones market. Drones are an important part of the precision farming system as they provide highly efficient and advanced sensors and imaging capabilities. Precision farming is a management system responsible for the observing, measuring and responding to inter and intra-field variability in crops. This system also is known as Precision agriculture (PA), or site-specific crop management (SSCM). This system manages variations in the crop field and help to grow more food using fewer resources and further reduces the production cost.

The rising global population led to the high consumption of agricultural products. The problems such as unpredictable weather patterns and natural disasters affect the production capacity of the field. The drone can assist farmers in various errands such as analysis of yield, actual planting of crops and subsequent monitoring of fields to ascertain health and growth. Furthermore, usage of digital means has brought significant change to manual farming which was one of the bigger challenges for the large farmers. Moreover, agriculture drones technology is based on the internet of things (IoT) which helps improve agriculture yield and reduce crop damage. In addition, ongoing technological advancements agriculture, and cost-effectiveness and high efficiency of drones, are projected to create several growth opportunities in the agriculture drone market.

Segmented by Application

The report highlighted by applications of agriculture drones market into Variable Rate Application (VRA), Crop Scouting, Livestock, Field Mapping,  and Agriculture Photography.

The Variable Rate Application (VRA) in the In Precision agriculture refers to the qualities of the field that the materials are being applied to. These materials include fertilizers, chemicals, and seeds that used to enhance crop production.  It describes the way in which the materials are applied by analysis the data collected by sensors, maps, and GPS.  Drones along with artificial technology are used to capture the map of required fields. In addition, growing demand for optimizing crop production is anticipated to boost the growth of agriculture drones market.

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Regional Analysis

The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Among these regions, North America held the maximum market and it is expected to be the dominating region over the forecast period. The increasing demand for cost-effective and good quality productions are driving the growth North America agriculture drones market. In addition, High rate of adoption of innovating technology contributes to the growth of this market in North America. Furthermore, Asia Pacific agriculture drones market is likely to show robust growth owing to the high adoption of advanced technology in the agriculture sectors and growing population.

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