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Agriculture Drones Market worth $23.80 billion by 2030, growing at a CAGR of 28.29% - Exclusive Report by 360iResearch
Agriculture Drones Market | 360iResearch
The Global Agriculture Drones Market to grow from USD 4.16 billion in 2023 to USD 23.80 billion by 2030, at a CAGR of 28.29%.
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Agriculture drones are specialized aerial platforms utilized in farming and precision agriculture. They have advanced sensors, cameras, and software to monitor crop health, improve farm efficiency, and maximize yield by collecting real-time data on weather conditions, soil quality, crop health, and other critical factors. The need for enhanced crop yield and efficient farm management are primary drivers. The growing adoption of precision agriculture practices, technological advancements in drone capabilities, and increasingly supportive government policies for using drones in agriculture further stimulate its adoption. The main restraints for agriculture drones include a higher initial investment, lack of technical expertise among farmers, and regulatory constraints surrounding flying such devices. Overcoming the limitations in battery life and payload capacity, navigating diverse and evolving regulatory landscapes, and ensuring reliability and accuracy in diverse weather conditions represent the major challenges for the widespread adoption of agriculture drones. The constant evolution of drone technology opens opportunities, including drone-as-a-service (DaaS) models, AI and ML integration for intelligent data analysis, and expanded applications such as livestock monitoring.
Market Segmentation & Coverage:
This research report categorizes the Agriculture Drones Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Hardware and Software. The Hardware is further studied across Fixed Wing, Hybrid, and Rotary Blade. The Software is further studied across Air Traffic Managemnt, Data Analytics, Data Management, and Imaging. The Software is projected to witness significant market share during forecast period.
Based on Component, market is studied across Battery, Camera System, Controller System, Frame, Global Positioning System, Navigation System, and Propulsion System. The Frame is projected to witness significant market share during forecast period.
Based on Farming Environment, market is studied across Indoor and Outdoor. The Indoor is projected to witness significant market share during forecast period.
Based on Application, market is studied across Agriculture Photography, Aquaculture, Crop Scouting, Field Mapping, Livestock, Precision Farming, and Smart Greenhouse. The Aquaculture is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Agriculture Drones Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Agriculture Drones Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Agriculture Drones Market, highlighting leading vendors and their innovative profiles. These include AeroVironment, Inc. by Planck Aerosystems, Inc., AGCO Corporation, Agribotix LLC by AgEagle Aerial Systems, Inc, AltiGator, ATMOS UAV, Delair SAS, DroneDeploy, Inc., Insitu Pacific Pty Ltd. by The Boeing Company, Lockheed Martin Corporation, Microdrones GmbH by mdGroup GmbH, Nileworks Inc., Parrot Drone S.A.S, PrecisionHawk, Inc., SZ DJI Technology Co., Ltd., Trimble Navigation Limited, and Yamaha Motor Co., Ltd..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Agriculture Drones Market, by Product
7. Agriculture Drones Market, by Component
8. Agriculture Drones Market, by Farming Environment
9. Agriculture Drones Market, by Application
10. Americas Agriculture Drones Market
11. Asia-Pacific Agriculture Drones Market
12. Europe, Middle East & Africa Agriculture Drones Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Agriculture Drones Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Agriculture Drones Market?
3. What is the competitive strategic window for opportunities in the Agriculture Drones Market?
4. What are the technology trends and regulatory frameworks in the Agriculture Drones Market?
5. What is the market share of the leading vendors in the Agriculture Drones Market?
6. What modes and strategic moves are considered suitable for entering the Agriculture Drones Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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