What’s driving the Agricultural Drones Market Trends? | Top Key Players are 3D Robotics, Aerovironment, Aeryon Labs, AGCO Corporation, Ageagle, Agribotix, Autocopter, BlueSKy, Denel Dynamics, DJI, Draganflyer

Agricultural Drones Market is emerging as a profitable industry under the commercial sector. These products assist farmers in providing soil and crop data by taking pictures for assisting in crop management and adding components such as navigation system, GPS, and GIS benefit UAVs for improved maneuvering.

These UAVs facilitate farmers with aerial cameras for crop monitoring, soil & field analysis, and health assessment of the yield and irrigation assistance. These pros are expected to increase the product adoption among the farmers in the coming years. Farm equipment manufacturers are including the digitalization of farms by providing various features such as GPS, geomapping, satellite imagery, and automated systems. This increasing adoption of precision agriculture will stimulate the demand for agricultural drones market.

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The companies are investing in UAVs to capture the business early with an enhanced product portfolio. For instance, DuPont invested in drone technology provider PrecisionHawk to include drone technology in its portfolio. The companies are exploring value-added services other than drone manufacturing and crop spraying. The value-added services include data collection, farm management, training, and leasing of UAVs. Higher purchase cost, limited fly time & flight range, and weather dependency are some of the challenges faced by agricultural drones market.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Google
2. PrecisionHawk
3. Trimble Inc.
4. L3 Technologies
5. Intel Corporation
6. GoPro
7. Parrot
8. DJI
9. Denel Dynamics
10. Boeing
11. AGCO Corporation
12. AeroVironment
13. 3D Robotics
14. DroneDeploy
15. IAI - Israel Aerospace Industries

Chapter 3. Agricultural Drone Market Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. UAV vs. manned aircraft/satellite
3.5. Drone advantages over other aerial imaging systems
3.6. Technology & innovation landscape
3.6.1. UAV industry overview
3.6.2. Multispectral camera
3.6.3. Infrared camera
3.6.4. Thermal camera
3.6.5. LiDAR camera
3.6.6. High resolution camera
3.6.7. Navigation system
3.6.8. GPS
3.6.9. Geographic Information System (GIS)
3.7. Regulatory landscape
3.7.1. U.S.
3.7.1.1. FAA
3.7.1.2. TSA
3.7.2. EU
3.7.2.1. EASA
3.7.3. China
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.2. Industry pitfalls & challenges
3.9. Growth potential analysis
3.9.1. Business models
3.10. Porter's analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Internal rivalry
3.11. Competitive landscape, 2016
3.11.1. Strategy dashboard
3.11.2. Patent analysis
3.12. PESTEL analysis

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Asia Pacific agricultural drones market is fueled by technological advancements, government funding, and increasing adoption. In China, the government has included agricultural drones as national subsidized agricultural machinery to increase its adoption. As per the Ministry of Agriculture, China, the agricultural UAV ownership number crossed 4,800 in 2016, which is double the number in 2015. The other agriculture dominated countries in Asia Pacific are expected to contribute to the industry growth owing to the increasing usage of this product to improve the yield.

UAVs with an infrared camera is used for crop scouting, which provides information about plant development stage, plant health, and moisture level of the soil & plant. Crop scouting is expected to acquire a high market share during the forecast period. The growth of this segment is attributed to FAA approval for using UAVs for agricultural purpose in the agricultural drones market. The technological advancements focus on increasing the scouting time and area cover. AGCO, a manufacturer of agricultural equipment has developed SOLO AGCO EDITION drone that provides scout up to 240 acres in one trip with 20 minutes of flight time.

Agricultural Drones Market is estimated to cross USD 1 billion by 2024 with the shipments exceeding 200 units. Increasing usage of drones for agricultural purpose and rising funding for UAV manufacturers are fueling the demand for agricultural drone market. Precision farming initiatives and increasing automation will further stimulate the industry growth during the forecast period.

Some of the players in agricultural drones market include DJI, AeroVironment, PrecisionHawk, DroneDeploy, Gopro, Parrot, Yunnec, Kespry, Dronebase, and Trimble Navigation. Profit margins and increasing demand are increasing the industry attractiveness thereby increasing the number companies investing in the agricultural drone market. Government regulations, patents, and companies already developing UAVs for other applications are increasing the entry barriers for new entrants.

Browse key industry insights spread across 115 pages with 76 market data tables & 60 figures & charts from the report, “Agricultural Drones Market Size By Product (Hardware [Fixed Wing, Multi Rotor, Nano, Hybrid], Software [Data Management, Imaging, Data Analytics]), By Application (Field Mapping, Variable Rate Application, Crop Scouting), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China, Japan, Australia, South Korea, India, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/agricultural-drones-market

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