Agriculture Drone Market Executive Summary, Business Prospects, and Forecast to 2029

Agriculture Drone Market is expected to grow at a CAGR of 35.50% throughout the forecast period, to reach USD 19.33 Bn by 2029.

Agriculture Drone Market Report Scope and Research Methodology

To provide a comprehensive analysis, this report explores key factors influencing the Agriculture Drone Market. It delves into market dynamics, such as government policies, globalization, and population growth, as well as their effects on the sector. The report also highlights the role of advanced drone technologies, including real-time decision-making capabilities, wireless platforms, and applications in field mapping, harvesting management, irrigation scheduling, crop health monitoring, and yield tracking. Furthermore, it examines the adoption of technologies like big data, Internet of Things (IoT), and artificial intelligence in agriculture, leading to increased automation.

While analyzing the market, the report profiles eighteen key players from different regions, considering market leaders, followers, and new entrants. It assesses regional manufacturing environments, focusing on factors such as supply chain, raw materials availability, labor costs, advanced technology, and trusted vendors, ultimately providing recommendations for potential hotspots, particularly in North America. The report also evaluates how each region's policies impact the demand for agriculture drones.

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What are Agriculture Drone Market Dynamics?

Market Drivers and Restraints

The Agriculture Drone Market is driven by favorable government policies, globalization, and growing investments by FDIs, governments, and industry leaders in agriculture. Increasing import and export-oriented crop production and global food supply pressures further stimulate market growth. Manufacturers are responding by developing advanced drone models that are easy to use, efficient, and cost-effective, with a particular focus on real-time decision-making drones. These drones are equipped with wireless platforms and excel in functions like field mapping, harvesting management, irrigation scheduling, crop health monitoring, and yield tracking, all aimed at enhancing agricultural productivity.

Adoption of advanced technologies for better materials quality and improved imaging capabilities has led to more efficient land, water, and fertilizer usage in farming, bolstering market growth. The convergence of smart technologies, such as big data, IoT, and artificial intelligence, is also revolutionizing agriculture, offering lucrative opportunities for key players. However, stringent air traffic management regulations could potentially hinder market growth.

Agriculture Drone Market Segmentation?

by Type

Fixed Wing Drones
Multi-rotor Drones
Hybrid Drones

Based on type, the hybrid drone sector had the greatest market share in 2022, accounting for 4.1%, and it is predicted to reach USD$ 4.1 Mn by 2029. In the upcoming years, it is anticipated that the market for hybrid agricultural drones would expand due to their distinct advantages over human aircraft and ground spraying equipment. Based on a hybrid electric-fuel system, hybrid drones are simple to fly around farm fields for the duration of a job. For instance, the demand for hybrid agricultural drones has increased with the advent of HYBRiX Spraying solution, which delivers longer-endurance, contains a high-precision positioning system, and quickly completes the spraying operation.

by Application

Field mapping
Variable rate application
Crop Scouting
Others

by Components

Hardware
Software
Imaging Software
Data Management Software

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Who are Agriculture Drone Market Key Players?

1. DJI Technology
2. 3D Robotics
3. Trimble Navigation Ltd.
4. DroneDeploy
5. Trimble Navigation Ltd.
6. AgEagle Aerial Systems
7. Agribotix LLC
8. HoneyComb Corporation
9. GoPro, Inc.
10. Dow Jones Industrial Average
11. Parrot SA
12. PrecisionHawk
13. Sentera
14. Delair Tech SAS
15. Insitu Pacific Pty. Ltd.
16. Drone AG.
17. Yamaha Motor Corp. (Japan)
18. AgEagle Aerial Systems, Inc. (US)
19. OPTiM Corp. (Japan)

Table of content for the Agriculture Drone Market includes:

Part 01: Executive Summary

Part 02: Scope of the Agriculture Drone Market Report

Part 03: Global Agriculture Drone Market Landscape

Part 04: Global Agriculture Drone Market Sizing

Part 05: Global Agriculture Drone Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The Asia-Pacific region leads the Agriculture Drone Market, with a projected CAGR of 7.12% during the forecast period, expected to secure a 4.1% market share by 2029. Drones are playing a crucial role in precision agriculture, providing up-to-date information quickly and effectively. South Asian countries, including China and Japan, have already adopted drone spraying extensively, with this trend spreading to Europe and the U.S. Unmanned aerial vehicles (UAVs) are transforming agriculture, with their increasing use in these countries reflecting their improved performance.

According to Drone Industry Insights, the global drone technology market is expected to reach $43.1 billion by 2029, up from $14.1 billion in 2022. The U.S. represents about 14% of the global market for robotics/drone hardware, with a significant customer base, particularly in commercial segments. The U.S. market for robotic/drone hardware is estimated to have reached $4.1 billion in 2022, with year-over-year growth of 15.6%. Robotics OT (operational technology) services also saw substantial growth, reaching $4.1 billion in 2022, a year-over-year increase of 13%.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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