Press release
South Korea Agriculture Drone Market Growth 2023, Industry Share-Size, Emerging Trends, Key Players Strategies, Future Investments and Forecast Analysis Report 2033: SPER Market Research
According to SPER Market Research, 'South Korea Agriculture Drone Market Size- By Offering, By Component, By Application, By Robot Type, By Technology, By Payload Capacity, By End Users, By Coverage Distance- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the South Korea Agriculture Drone Market is predicted to reach USD XX billion by 2033 with a CAGR of 12.78%.
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South Korea Agriculture Drone Market Overview (2023-2033)
• Forecast CAGR (2023-2033): 12.78%
• Forecast Market Size (2033): XX billion
Some of the primary drivers in the agriculture drone market in South Korea involve the efforts of key manufacturers to develop research programs aimed at improving the functionality of the machines, thereby providing better imaging quality and data accuracy. As the population expands rapidly, there has been a significant increase in demand for food products, leading to greater adoption of drones in the agriculture sector to ensure better crop yield and quality.
However, there are also challenges facing the agriculture drone sector in South Korea. One of the main challenges is the lack of standardization and growing adoption of sustainable agriculture practices to foster the growth of agriculture drones. Moreover, the industry is affected by changing consumer preferences and trends, such as the increasing demand for to solve environmental issues.
Impact of COVID-19 on South Korea Agriculture Drone Market
The emergence of COVID-19 has had a significant impact on the growth rate of the agriculture drone market in 2020, and it is expected to witness slow growth until the end of 2021 due to government regulations worldwide. The pandemic has created various obstacles in the construction industry such as availability of raw materials, skilled workforce, safety measures, deliverables, and project delays or cancellations. As a result, there has been a decline in demand for agriculture drones globally. The introduction of technological advancements such as automated flight planning is another key driver that can help combat unpredictable weather conditions, while soil mapping and similar advancements are expected to contribute further to market growth. Increased utilization of agriculture drones by farmers to streamline tasks is expected to improve productivity and reduce labour costs.
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South Korea Agriculture Drone Market Key Players:
Furthermore, the growth of the market in the region can be attributed to the increasing adoption of advanced technologies in the agribusiness sector and the rising collaboration between the public and private sectors to enhance food production. In addition, countries such as Japan and South Korea have well-established regulations related to agriculture drone usage, which are governed by civil aviation and pesticide use legislation and licenses. Furthermore, China, Taiwan, Malaysia, India, and the Philippines have implemented aviation regulations and drought guidelines. These developments are likely to propel the growth of the agriculture drone market in the Asia-Pacific region. In addition, some of the market key players are SZ DJI Technology Co., Ltd, Preneu Co. Ltd., Helsel Co., Ltd, Giant Drone Co., Ltd., UconSystem Co., Ltd., XAG Co., Ltd, Others.
South Korea Agriculture Drone Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Offering:
• South Korea Agriculture Drone Market Value Share and Forecast, By Offering, 2023-2033
• Hardware
• Software
• Others
By Component:
• South Korea Agriculture Drone Market Value Share and Forecast, By Component, 2023-2033
• Battery
• Camera System
• Controller System
• Frame
• Navigation System
• Propulsion System
By Application:
• South Korea Agriculture Drone Market Value Share and Forecast, By Application, 2023-2033
• Aerial Imaging
• Agriculture Photography
• Crop Scouting
• Crop Spraying
• Dairy Farm Management
• Field Mapping
By Robot Type:
• South Korea Agriculture Drone Market Value Share and Forecast, By Robot Type, 2023-2033
• Crop Harvesting Robots
• Milking Robots
• Weeding Robots
By Region:
• Gangwon
• Gyeonggi
• North Chungcheong
• North Gyeongsang
• North Jeolla
• South Chungcheong
• South Gyeongsang
• South Jeolla
This report also provides the data for key regional segments of Gangwon, Gyeonggi, North Chungcheong, North Gyeongsang, North Jeolla, South Chungcheong, South Gyeongsang, South Jeolla.
Related Reports:
https://www.sperresearch.com/report-store/china-agriculture-equipment-market.aspx
https://www.sperresearch.com/report-store/usa-agriculture-equipment-market.aspx
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Sara Lopes, Business Consultant - U.S.A.
SPER Market Research
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