Agriculture Drone Market Is Expected To Exhibit Significant Growth Over 2031

The global agriculture drone market is anticipated to grow at a CAGR of around 15.8% during the forecast period (2024-2031). The key factor to drive the market growth includes the increasing demand for food that is pressuring the increase of the agricultural sector. For instance, according to the World Bank agricultural development will be one of the powerful tools to end poverty and feed a projected 9.7 billion people by 2050. Agriculture is also crucial for economic growth as in 2018 nearly 4.0% of agricultural sector was accounted for the global gross domestic product (GDP) and in many developing countries it can account for more than 25% of GDP. Further increasing funding in agriculture sector drive the adoption of advanced tool such as drone in the sector, for instance, the Ministry of Agriculture and Framers has allocated Rs 1,42,762 crore in 2020-21 according to PRS India legislative research.

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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in September 2019, sensefly, announced a partnership agreement with Trimble for agriculture drone. With this partnership, agriculture professionals in Europe and North America will be getting direct access to the sensify platform of drones through the Trimble distribution network. Additionally, the customers of Trimble will be having access to a sensefly extensive suite of drone sensors.

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Market Coverage

Segment Covered-
o By Type

o By Application

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- 3D Robotics Inc., AgEagle Aerial Systems Inc., Parrot Drones SAS, PrecisionHawk Inc., SZ DJI Technology Co., Ltd., Trimble Inc., and others

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Agriculture Drone Market Report Segment

By Type

Fixed-Wing
Multi Rotor
Hybrid UAVs

By Application

Spraying
Field Mapping
Crop Scouting
Others

By Component

Frame
Controller System
Propulsion System
Others


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