openPR Logo
Press release

Drone Farming Market is Growing Due to Rising Need to Reduce Environmental Costs by Precise Application of Crop Inputs

07-16-2019 07:53 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Markets and Markets

Drone Farming Market Outlook

An agriculture drone is an unmanned aerial vehicle applied to farming for monitor crop growth and enhance crop productivity. This bird’s eye view of the fields enables farmers to tackle issues about irrigation, pest attack, and soil variation. Drone farming is useful for a number of applications; these include crop monitoring, soil assessment, plant emergence and population, soil fertility, crop protection, harvest planning, irrigation, and drainage. There have been multiple use cases of drone farming, wherein significant return on investment was noticed. For instance, according to a statistics by SenseFly, an agricultural drone manufacturer, drone farming reduced about 15%-20% of nitrogen application in Russia and Poland, while France witnessed a 10% impact on average rapeseed yield. In another instance, in Spain, grape production witnessed a 17% increase after drone application on fields.

The factors driving the drone farming market include increase in venture funding for the development of farm drones; availability of software solutions for field survey and data analytics; and the rising need to reduce environmental costs by precise application of crop inputs. Moreover, regulatory exemptions across a few countries also prove to be driving this market. For instance, due to the exemption by the US Federal Aviation Administration (FAA) under the part 107 rule, the adoption of drones has grown strongly in US agriculture. On the other hand, the Asia Pacific drone farming market is projected to grow at the highest CAGR, particularly due to the rising demand for drones in China, India, and Australia.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104848028&utm_source=Openpr&utm_medium=Referral&utm_campaign=PaidPR

The agricultural drones market is projected to grow at nearly 40% in the coming years to reach a value of USD 4.8 billion by 2024. The extensive use of agricultural drones in seeding, spraying, and livestock farming has drawn the attention of venture capitalists to this market. Agricultural drones have been finding multiple applications; wherein numerous companies have been developing drones to deal with weed control. In 2018, DJI, one of the major Chinese agricultural drone manufacturers, launched their latest agricultural UAV T16 with upgraded three-dimensional flight function, in Shenzhen, China, to realize AI intelligent scene recognition and intelligent obstacle avoidance. However, there are a few disadvantages associated with drone farming; the major ones being the limited range and flight time of agriculture drones–which can be overcome using advanced technologies—and interference from birds.

https://www.marketsandmarkets.com/Market-Reports/drone-farming-market-104848028.html

Application of drones has been extensive in precision farming, ranging from soil and crop field analysis to planting and pesticide spraying. Additionally, the majority of drone manufacturers have been investing in precision farming for their drone solutions. However, with the increasing significance of animal husbandry and aquaculture in the global market, the application of drones is also being explored in these industries for livestock welfare.

Pre-book: https://www.marketsandmarkets.com/preorderreports.asp?id=104848028&utm_source=Openpr&utm_medium=Referral&utm_campaign=PaidPR

The market for drone farming is being tapped by multiple local and international drone manufacturing companies, and has been attracting funds from venture capital companies such as Qualcomm Ventures (US), Andreessen Horowitz (US), Draper Associates (US), Intel Capital (US), Felicis Venture (US), Lux Capital (US), and Google Ventures (US). PX4 is one of the leading open-source, auto-piloting software offered by Pixhawk (Switzerland) in the drone farming market. As per the analysis by marketsandmarkets, North America was the dominant market for drone farming in 2018, based on the adoption of agricultural drones. Also, favorable regulations in the region have been increasing the adoption of drone farming in the region. The adoption of smart agriculture techniques is expected to enhance the growth opportunities for drone farming in Asia Pacific countries, reflecting a growth potential of more than 37% in the coming years.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Drone Farming Market is Growing Due to Rising Need to Reduce Environmental Costs by Precise Application of Crop Inputs here

News-ID: 1804700 • Views: 109

More Releases from Markets and Markets

Cryogenic Insulation Market Competitive Landscape Analysis and Forecast To 2023
The cryogenic insulation market size is estimated to be USD 2.3 billion in 2018 and is projected to reach USD 3.3 billion by 2023, at a CAGR of 7.20% between 2018 and 2023. Rising environmental awareness is contributing to the growth of the market. Volatile raw material price is the key challenge faced in the cryogenic insulation market. Growing demand for cryogenic technologies in space applications has created various opportunities
Plastic Antioxidants Market- Future Demand, Market Analysis upto 2024
The global plastic antioxidants market size is projected to reach USD 2.8 billion by 2024 from USD 2.2 billion in 2019, at a CAGR of 5.0% between 2019 and 2024. Plastic antioxidants are stabilizing agents that prevent oxidation or reactions promoted by free radicals, oxygen, or peroxides in plastics. They are added to plastics to prevent their decomposition. Antioxidants do not eliminate oxidative degradation completely, but they substantially prevent auto-oxidation
Electric Vehicle Adhesives Market and Its Key Opportunities and Challenges
The Electric Vehicle Adhesives Market size is estimated at USD 223 million in 2019 and is projected to reach USD 2,158 million by 2024, at a CAGR of 57.0% between 2019 and 2024. The application of EV adhesives are increasing due to various requirements by the automakers, such as bonding similar and dissimilar materials, substitution of traditional substrates materials by synthetic substrates and the increasing focus on environmental concerns. The
Smart Farming Market is Growing Due to the Increasing Automation & Digitization …
The growth in the trends of mechanization in the agriculture industry, focus on livestock monitoring to improve the efficiency of farms, and governments’ support for modern agricultural techniques stimulate the global smart farming market. The North American and European regions are projected to dominate the global smart farming market during the forecast period. These regions are the largest markets for innovative technologies used for agriculture. Considering the huge opportunities in these

All 5 Releases


More Releases for MarketsandMarkets™

ADAS Market by System, Component, EV and Region 2025| MarketsandMarkets
The ADAS Market (Advanced Driver Assistance System Market) is estimated to be USD 24.24 billion in 2018 and is projected to reach USD 91.83 billion by 2025, at a CAGR of 20.96% during the forecast period. The market is principally driven by the increasing demand for a safe, efficient, and convenient driving experience. The increasing demand for autonomous vehicles has also fueled the ADAS market. Driver errors can be minimized by
Global Connected Car Market by 2025| MarketsandMarkets
According to recent research "Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025", The global connected car market is estimated to be USD 72.89 billion in 2017 and is projected to reach USD 219.21 billion by 2025, at a CAGR of 14.8% from 2017 to 2025.
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand
Latest Report on Top 10 Mobility Technologies by MarketsandMarkets
According to the new market research report "Top 10 Mobility Technologies Market by Technology (Bluetooth, Wearable Technology, Mobile Augmented Reality, Wireless Gigabit, Cellular IoT, Mobile Biometric, Automotive V2X, Wireless Charging For Consumer Electronics) & Geography - Global Forecast to 2022", the market is expected to grow at a significant rate between 2016 and 2022. This report covers the major mobility technologies such as cellular IoT, wireless gigabit, mobile augmented
MarketsandMarkets: Global Wind Turbine Rotor Blade Market by 2016
MarketsandMarkets: Global Wind Turbine Rotor Blade Market will reach $14.6 Billion with annual installations of 0.14 Million Blades by 2016 http://www.marketsandmarkets.com/Market-Reports/rotor-blade-market-286.html According to a new market research report, “Global Wind Turbine Rotor Blade Market by Testing, Material, Blade Size, Regulations & Outlook (2011 – 2016)” published by MarketsandMarkets (www.marketsandmarkets.com), global wind turbine rotor blade market will grow from estimated $7.7 billion in 2011 to $14.6
MarketsandMarkets : Advanced PET and SPECT Global Market 2015
The report analyzes the MarketsandMarkets : Advanced PET (Positron Emission Tomography) & SPECT (Single Photon Emission Computed Tomography) Global Market (2010 -2015) by technologies and applications and studies the major market drivers, restraints, and opportunities for the PET SPECT market inU.S., EMEA, and Asia-Pacific. Browse market data tables and in-depth TOC on Advanced PET (Positron Emission Tomography) & SPECT (Single Photon Emission Computed Tomography) Global Market (2010 -2015). Early buyers will receive