Press release
Agriculture Drones Market Size is Expected to Reach $5.89 Billion by 2030
The global agriculture drones market size was valued at $0.88 billion in 2020, and is projected to reach $5.89 billion by 2030, registering a CAGR of 22.4% from 2021 to 2030.
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Agriculture drones are spray drone enhanced unmanned aerial vehicles designed to optimize agriculture operational efficiency, crop production, and monitoring over crop growth. Further, drone sensors and digital imaging capabilities are intended to offer farmers a richer picture of their fields. Furthermore, sudden climate changes globally are creating new layers of complexity in the agriculture industry, which boosts the need for advanced solutions such as agriculture drones to improve crop yield and firm efficiency. Moreover, aerial view provided by drone farming can reveal various issues such as soil variation, irrigation problems, and fungal infestations act as a set of instructions used in agriculture to survey crops to rapidly identify problems.
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Competitive Analysis:
The competitive environment of the agriculture drones industry is further examined in the report. It includes details about the key players in the market's strengths, product portfolio, agriculture drones market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.
Some of the major key players of the agriculture drones industry include:
• AeroVironment, Inc
• AgEagle Aerial Systems, Inc.
• America Roboticss
• DJI
• Israel Aerospace Industries
• Microdrones
• Parrot Drones
• PrecisionHawk
• Trimble Inc.
• Yamaha Motor Corp.
Top Impacting Factors:
Significant factors that impact growth of the global agriculture drone market include increase in number of prime vendor investments in the agriculture industry, coupled with availability of software solutions for data analytics and field survey. However, surge in air traffic management for commercial drone regulations across the globe is acting as a major barrier for early adoption, which hampers growth of the market. On the contrary, rise in number of aerial data collection tools in the farming industry is anticipated to provide remunerative opportunities for expansion of the agriculture drones industry during the forecast period.
The research report presents a complete judgment of the agriculture drones market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. Also, these research report provides accurate economic, global, and country-level predictions and analysis, size and share analysis, market dynamics, segmental analysis, top investment pockets, competition landscape, market drivers, restraints, and opportunities
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Key Benefits for Stakeholders:
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the agriculture drones market analysis from 2022 to 2032 to identify the prevailing agriculture drones market opportunities.
• Market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and
strengthen their supplier-buyer network.
• In-depth analysis of the agriculture drones market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global agriculture drones market trends, key players, market segments, application areas, and market growth strategies.
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