Agriculture Drone Market Expected to Garner Revenue of US$ 10.27 Bn at a CAGR of 35.9% from 2021-2027 | Drone Deploy (US), Ag Eagle Aerial Systems, Inc. (US), OPTiM Corp. (Japan)

Report Ocean publishes a new report on the global Agriculture Drone Market. The global Agriculture Drone Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

Global Agriculture Drone Market to reach USD 10.27 Billion by 2027. Global Agriculture Drone Market is valued approximately at USD 1.2 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 35.9% over the forecast period 2021-2027. 

The growth in venture investments for the research and development of agriculture drones and increasing adoption of precision agriculture farming are the factors that are driving the growth of the Agriculture Drone market. Furthermore, due to climate change, the demand for advanced solutions is increasing in agriculture industries will be anticipating the growth of the market in the forecasted period.

For instance: in March 2020, AeroVironment, Inc. partnered with Draganfly for the distribution of AeroVironment's Quantix Mapper systems to commercial markets globally. 

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The report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global Agriculture Drone Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Agriculture Drone Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Agriculture Drone Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the Agriculture Drone Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Agriculture Drone Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

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The study covers the fundamental aspects of the Global Agriculture Drone Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Agriculture Drone Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Agriculture Drone Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The Agriculture Drone Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Agriculture Drone Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Agriculture Drone Market are:

DJI (China)
Precision Hawk (US)
Trimble Inc. (US)
Parrot Drones (France)
3DR (US)
AeroVironment, Inc. (US)
Yamaha Motor Corp. (Japan)
Drone Deploy (US)
Ag Eagle Aerial Systems, Inc. (US),
OPTiM Corp. (Japan)

Scope of the Report

The global Agriculture Drone Market segmentation focuses on:

By Product:
Hardware
Software

By Applications
Field Mapping
Variable Rate Application
Crop Scouting
Others

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