Agriculture Drones Market Size, Trends, Share Analysis, Size And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Agriculture Drones Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $4.7 billion In 2028 At A CAGR Of 5.7% :

The agriculture drones market size has grown exponentially in recent years. It will grow from $1.94 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 33.7%. The growth in the historic period can be attributed to precision agriculture adoption, government support and subsidies, farm size and labor efficiency, crop health monitoring, demonstration and awareness programs, rising global population, increased mapping and surveying applications.

The agriculture drones market size is expected to see exponential growth in the next few years. It will grow to $7.62 billion in 2028 at a compound annual growth rate (CAGR) of 30.9%. The growth in the forecast period can be attributed to climate change and sustainable agriculture, automated spraying systems, customization for crop types, education and training programs, increasing focus on organic farming, market entry of new players, regulatory support and guidelines. Major trends in the forecast period include multispectral and hyperspectral imaging, weather monitoring and predictive analytics, drone-as-a-service (daas) models, drones for crop monitoring and inventory management, integration with ai and machine learning, beyond visual line of sight operations.

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Agriculture Drones Market Major Segments
The agriculture drones market covered in this report is segmented -

1) By Type: Fixed Wing, Rotary Blade, Hybrid
2) By Farming Environment: Outdoor, Indoor
3) By Farm Size: Small Farms, Mid-Sized Farms, Large Farms
4) By Application: Field Mapping, Variable Rate Application, Crop Spraying, Crop Scouting, Livestock, Agriculture Photography, Other Applications

Key Driver - Rising Food Demand Propels Growth In Agriculture Drone Market

An increase in the demand for food is driving the growth of the agriculture drone market going forward. Food refers to the substance eaten by humans and animals to provide essential nutrition and nourishment to the body. The growing population of people across the globe is causing an increase in food demand. Through drone technology, farmers can adopt a multi-dimension strategy involving improvement in irrigation, control of pest infestation, monitoring crop health, labor cost reduction on farms, and so on, effectively leading to an increased crop yield. For instance, according to data from The Food and Agricultural Organization, a Canada-based body of the United Nations, global food production will need to increase by 70% to meet the growing global population growth that is forecasted to reach 9.6 billion by 2050. Therefore, an increase in demand for food is driving the agriculture drone market.

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Prominent Trend - Innovative Product Offerings Drive Growth In Agriculture Drone Market

Product innovations have emerged as a key trend gaining popularity in the agriculture drone market. Product innovations in drones enable businesses to remain relevant in their markets while also growing and improving over time. Major companies operating in the agriculture drone market are focused on innovating new products such as smart drones or next-generation intelligent drones. A smart drone is an unmanned aerial vehicle (UAV) that carries out difficult tasks using intelligent software. For Instance, in January 2022, Eavision, a US-based smart agricultural robotics company launched the EA-30X, an agriculture drone with dual-eye environment sensing technology that enables safe and dynamic continuous obstacle avoidance and full coverage of terrain below 90 degrees. This drone also contains the new generation of a lighting system and the CCMS-L20000 dual-peak misting nozzle, and can also be used for operations for agriculture purposes in hills and mountains. The drone's unique features include precision spraying at predetermined locations and clever path design with numerous takeoff and landing spots.

Agriculture Drones Market Players
Major companies operating in the agriculture drones market report are SZ DJI Technology Co. Ltd., Parrot Drones SAS, 3D Robotics Inc., Yamaha Motor Co. Ltd., DroneDeploy Inc., AgEagle Aerial Systems Inc., OPTiM Corporation, CropX Technologies Ltd., PrecisionHawk Inc., Delair-Tech SAS, Microdrones GmbH, Sky-Drones Technologies Ltd., Sentera Inc., Pix4D SA, Solvi Technologies, Thanos Technologies Private Limited, AeroVironment Inc., AGCO Corporation, AutoCopter Corporation, Honey Comb Corporation, Trimble Inc., FMC Corporation, Farm Solutions Limited, Farmbot, Farmdrones, Farmobile LLC, Flyability SA, Green Aero Tech Inc., H3 Dynamics Holdings Pte. Ltd., IntelinAir Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the agriculture drones market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Agriculture Drones Market Report Structure
3. Agriculture Drones Market Trends And Strategies
4. Agriculture Drones Market - Macro Economic Scenario
5. Agriculture Drones Market Size And Growth
…..
27. Agriculture Drones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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