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Agriculture Drone Market is Predicted to Reach US$ 14,237.6 Million at a CAGR of 14.1% by 2033

06-20-2024 12:00 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Agriculture Drone Market

Agriculture Drone Market

The global agricultural drone market is estimated to be valued at USD 3,807.0 million in 2023 and is projected to grow at a CAGR of 14.1%, reaching USD 14,237.6 million by 2033. In 2023, the global drone market is expected to encompass approximately 7.6 million unit shipments, with a CAGR of 15.3%.

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.

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž: 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.

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5417

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

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