Agricultural Drones Market Share Forecast To Witness Considerable Growth From 2021 to 2027 | Major Giants – DroneDeploy, AgEagle Aerial Systems, SlantRange

Latest added Agricultural Drones Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are DroneDeploy, AgEagle Aerial Systems, SlantRange, ATMOS UAV, Delair. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

This report studies the Agricultural Drones Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Agricultural Drones Market by companies, region, type and end-use industry.

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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on ” Agriculture Drones Market By Technology (Hardware, Software, and Services), Component (Frames, Controller Systems, Propulsion Systems and Other), Application (Precision Farming, Livestock Monitoring) and Geography – Global Forecast To 2026″. Early buyers will get 10% customization on study.

To Avail deep insights of Agricultural Drones Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

Unlock new opportunities in Agricultural Drones Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.

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Global Agricultural Drones Market: Overview

Agricultural drones are on the brink of becoming the new workhorses on farms. With the focus on productivity in agriculture spiraling upward in the farming sector, drones could be the answer to improved automation and precise control of farm monitoring and operations. Already, robots are beginning to transform the way the agriculture sector functions and the advent of agricultural drones could take that change to a whole new level. According to a report released by Bank of America Merrill Lynch, the market for agricultural robots is expected to surpass US$16 bn by 2020, up from US$817 mn in 2013. Agricultural drones are anticipated to account for a significant portion of the overall agricultural robots industry in the near future.

Analysts expect the market for agricultural drones to receive a boost from government authorities as it has the potential to employ close to a 100,000 people in the next 10 years, thus contributing remarkably to the world’s economy.
Companies have been quick in spotting this opportunity and have already lined up a bevy of agricultural drones, each designed for a specific purpose, for farmers looking to bring more technology to their farming practice. The market has just taken flight with companies such as GoPro announcing the launch of drones in 2016. E-commerce websites such as Amazon and eBay have stocked commercial drones and are estimated to expand their portfolio by adding agricultural drones in the next few months.

Agricultural drones are likely to be among the top revenue generators in the overall commercial drones industry. There are several operations on a farm where the use of drones can improve the status quo. For instance, drones can be used for thermal imaging to tell which patches in a farm need more pesticides or water by providing information on whether specific sections of the farm have distressed crops. Farmers can also use thermal imaging provided by agricultural drones fitted with infrared cameras to determine when the time is ready to harvest crops.

Global Agricultural Drones Market: Drivers and Opportunities

The opportunities are just beginning to emerge in the global agricultural drones market and will only expand over the next decade. The market is also projected to receive a push owing to the fact that many people are not keen on working on farms, as income is dependent heavily on the weather and the risks are becoming increasingly high because of the vagaries of the weather. The use of drones could bring the ability to monitor farm and weather conditions within the reach of the average farmer, thus boosting the confidence of stakeholders in the agricultural sector worldwide.

In countries where agriculture still forms the backbone of the economy, opportunities can be tapped in areas such as pesticide and insecticide spraying, seeding, pest control, mapping and thermal imaging, and remote sensing. The Internet of Things would prove to be the launch pad for the global agricultural drones market, bringing more transparency to the overall farming process. Thus, besides drones ushering in an era of digital farming, they would also create a massive sales and service market. The need for software and applications designed specifically for the agricultural sector would provide new opportunities in the technology industry.

Global Agricultural Drones Market: Competitive Overview
Competition in the global agricultural drones market is just beginning to intensify with the launch of novel products. For instance, FLIR, a company that manufactures thermal imaging cameras, has brought to the market a drone camera that offers a heat map of farms. Companies that currently operate in the global drones market include AeroVironment, Yamaha, DJI, GoPro, GoPro, Google, and Boeing. Many of these would be strong contenders in the global agricultural drones market in the near future.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America

This report provides comprehensive analysis of
• Market growth drivers
• Factors limiting market growth
• Current market trends
• Market structure
• Market projections for upcoming years

Below is a snapshot of these quadrants.

1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at MarketDigits adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at MarketDigits helps you break down the complex scenario and bring resiliency in uncertain times.

Market research studies stated in this Agricultural Drones report are very thoughtful for the businesses which assist them with the better decision making and develop better strategies about production, marketing, sales and promotion. This Agricultural Drones report brings together comprehensive industry analysis with exact estimates and forecasts that offers complete research solutions with maximum industry clarity. The report includes CAGR value fluctuations during the forecast period of 2021-2027 for the market. And to serve the clients best in the industry, a team of experts, skilled analysts, dynamic forecasters and knowledgeable researchers work meticulously while forming this report.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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This release was published on openPR.