Press release
Agriculture Drone Market is Predicted to Reach US$ 14,237.6 Million at a CAGR of 14.1% by 2033
Agriculture Drone Market
This growth is driven by significant technological advancements in the agricultural sector, leading to substantial investments in drone adoption. By the end of 2022, agricultural drone sales had already captured an impressive 11% share of the broader global drone market.
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Country-wise Insights
The agricultural drone market in South Korea is expected to grow at a CAGR of 14.3% from 2024 to 2034, projected to capture a 25.9% share of the East Asia market by the end of 2034.
In the United States, technological advancements have significantly boosted agricultural productivity in recent years. A key innovation driving this progress is the widespread use of unmanned aerial vehicles (UAVs) in agricultural operations, facilitated by advancements in hardware and software. The successful development of miniature, autonomous unmanned rotorcraft is attributed to improvements in component sizes, sensors, and overall technology.
Category-wise Insights
The below 3km coverage distance segment is expected to grow at a CAGR of 13.9% from 2024 to 2034.
Drones with a rotary wing configuration offer several advantages, including vertical take-off and landing capabilities, maneuverability in confined spaces, and the ability to hover in place. These features enhance control and stability, making rotary wing drones ideal for various applications such as aerial photography, surveillance, and agriculture.
๐๐๐๐ ๐๐จ๐ซ๐: https://www.factmr.com/report/5417/agricultural-drones-marke
Competitive Landscape
Agriculture drone manufacturers in this rapidly evolving industry landscape include 3D Robotics, AgEagle Aerial Systems Inc, Asteria Aerospace, ATMOS UAV, Autel Robotics, Ayaan Autonomous Systems Pvt. Ltd., Delair SAS, and DJI.
These manufacturers are actively employing diverse marketing strategies, such as offering competitive pricing for their products, establishing strategic partnerships with retailers, launching endorsement programs, and harnessing new technologies to create cutting-edge products. These tactics are geared towards staying competitive within the sports equipment industry.
In April 2021, AgEagle Aerial Systems Inc., a well-established U.S.-based drone technology firm with over a decade of experience, made a significant move. The company announced its acquisition of Measure Global Inc., a renowned provider of aerial intelligence solutions. This acquisition was structured as a combination of cash and stock transactions valued at approximately US$45 million, further solidifying AgEagle's position in the market.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
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Segmentation of Agriculture drone Industry Research
By Offerings :
Fixed Wing
Rotary Wing
Hybrid Wing
By End Users :
Consumer / Civil
Commercial
By Coverage Distance :
Below 3 Km
3-6 Km
6-9 Km
Above 9 Km
By Application :
Precision Agriculture
Livestock Monitoring
Surveying & Mapping
Irrigation
Precision Fish Farming
Fertilization & Spraying
Aerial Imaging
By Payload Capacity :
Below 5 Kg
5-10 Kg
10-15 Kg
15-20 Kg
Above 20 Kg
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
๐๐จ๐ง๐ญ๐๐๐ญ:
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