Agricultural Drones Market Technological Advancements, Evolving Industry Trends and Insights

The burgeoning requirement for agricultural products such as fruits and vegetables, on account of the booming global population, is driving the demand for advanced farming methods that can fuel higher agricultural productivity. As per the United Nations (UN), the total population across the world will rise from 7.7 billion in 2019 to 9.7 billion by 2050. Due to this factor, farmers are increasingly adopting devices such as drones in farming processes.

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Moreover, drones provide various benefits to farmers such as the real-time monitoring of crops, soil analysis, and crop spraying. The other major factor propelling the demand for agricultural drones is the relaxation of regulations regarding the deployment of drones by the governments of several countries such as the U.S., Germany, China, India, and Brazil. This is, in turn, pushing up the deployment of drones, which is, in turn, driving the expansion of the global agricultural drones market.

The market is expected to grow at a CAGR of 25.0% from 2019 to 2024. Furthermore, the market revenue will rise from $1.5 billion in 2018 to $6.2 billion by 2024. Depending on the aerial platform, agricultural drones are categorized into multi-rotor, single-rotor, and fixed-wing. Out of these, the demand for multi-rotor agricultural drones is currently the highest, mainly because of the fact that these drones are considered to be more user friendly than the other variants.

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Additionally, these drones are available at affordable prices. These drones are majorly used for applications such as crop management, health assessment, and crop spraying. In the upcoming years, the popularity of the fixed-wing agricultural drones will rise rapidly, primarily because of their ability to carry heavier loads and cover larger farming areas than the other drones. Depending on application, the agricultural drones market is categorized into crop monitoring, health assessment, crop spraying, soil and field analysis, irrigation, and aerial planting.

Moreover, it helps farmer monitor far-fetched farming areas in real-time. Geographically, the agricultural drones market will demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of the market research company, P&S Intelligence. This will be because of the growing requirement for agricultural products, on account of the mushrooming population, in the region. As per the UN, APAC is home to around 60% of the global population.

Hence, it is clear that the demand for agricultural drones will surge sharply in the forthcoming years, primarily because of the rising requirement for higher agricultural productivity, on account of the mushrooming population all over the world.

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