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Agriculture Drones Market Size is Predicted to Rise US$ 9,558.4 Million by 2028 | CAGR of 35.65%

04-04-2023 10:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Agriculture Drones Market Size is Predicted to Rise US$ 9,558.4

According to the latest report by IMARC Group "Agriculture Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global agriculture drones market size reached US$ 1,530.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 9,558.4 Million by 2028, exhibiting a growth rate (CAGR) of 35.65% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Agriculture drones are unmanned aerial vehicles (UAVs) remotely managed by an operator or autonomously by onboard systems, which are used for agricultural purposes. They comprise frames, controller systems, propulsion systems, cameras, navigation setup, multi and hyperspectral sensors, batteries, motors, connectors, sprayers, and sprinklers. They are often available as fixed-wing and rotary-wing drones, which are employed to acquire aerial-view images of crop fields. Agriculture drones are required for spraying or sprinkling pesticides, herbicides, insecticides, biofertilizers, and plant growth regulators (PGRs) over farmlands, terrains, taller crops, and infected areas.

They enable farmers to focus on accurate and reliable information for regulating crop scouting, treatment, and irrigation without any uncertainty or ambiguity. Agriculture drones are used to conduct field soil analysis and crop damage assessments for faster recovery of plants and mitigating losses. They also improve water efficiency and expose potential leaks in water systems at farms by providing irrigation monitoring yield data of the vegetation index. They aid in tracking the health of vegetation and spotting the presence of bacterial or fungal plagues in the initial stages. Besides this, they assist farmers in documenting crop damages for accurate insurance claims across the globe.

Request for a free sample copy of this report: https://www.imarcgroup.com/agriculture-drones-market/requestsample

Agriculture Drones Market Trends and Drivers:

Presently, the increasing demand for agriculture drones in maintaining a diverse crop management system represents one of the primary factors influencing the market positively. Besides this, the growing utilization of agriculture drones for monitoring the movement of cattle and detecting injury or sickness using thermal sensor technology is offering a favorable market outlook. In addition, there is an increase in the adoption of drone-planting systems to shoot pods, seeds, and crucial nutrients into the soil. This, along with the rising demand for multispectral sensors to monitor seed planting patterns and conduct nitrogen level management in the soil, is contributing to the growth of the market. Apart from this, key companies are developing efficient agriculture drones integrated with artificial intelligence (AI), machine learning (ML), and various remote sensing features. 

Additionally, the rising availability of auto-piloting and flight control software for drones and other unmanned vehicles is strengthening the growth of the market. Moreover, agriculture drones are capable of providing regular updates to farmers about the development of their crops and assisting them in implementing effective farming techniques. In line with this, agriculture drones can also adapt to various weather conditions, which is supporting the growth of the market. Furthermore, the increasing employment of precision farming to avoid losses and increase production is propelling the growth of the market.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Offering:

Hardware
Fixed Wing
Rotary Wing
Hybrid Wing
Software
Data Management Software
Imaging Software
Data Analytics Software
Others

Breakup by Component:

Controller Systems
Propulsion Systems
Cameras
Batteries
Navigation Systems
Others

Breakup by Farming Environment:

Indoor
Outdoor

Breakup by Application:

Field Mapping
Variable Rate Application
Crop Scouting
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/agriculture-drones-market

Competitive Landscape with Key Player:

3D Robotics Inc.
AeroVironment Inc.
AGCO Corporation
AgEagle Aerial Systems Inc.
American Robotics Inc. (Ondas Holdings Inc.)
DJI
DroneDeploy
Parrot Drone SAS
PrecisionHawk, Trimble Inc.
Yamaha Motor Co. Ltd.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA 

Follow us on Twitter: @imarcglobal

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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