Agricultural Drone Industry is Expected to Reach $ 14,290.2 Million by 2031 - XAG Co., Ltd., DJI, 3D Robotics, Ageagle LLC

The global agricultural drone market reached USD 2,424.1 million in 2023 and is projected to witness lucrative growth by reaching up to USD 14,290.2 million by 2031. The market is expected to exhibit a CAGR of 25.1 % during the forecast period (2024-2031).

The agricultural drone market is expected to experience significant growth in the coming years, driven by increased venture capital investments in drone technology for farming. Drones are utilized in agriculture for aerial surveys, crop spraying, irrigation management, and crop monitoring. These drones help farmers monitor crop health and enhance productivity using advanced sensors and imaging technology.

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Key Developments:

• On April 27, 2022, Trimble Inc. partnered with HORSCH, a leading manufacturer of agricultural technology, to develop autonomous farming machines and workflows.

• On November 23, 2022, DJI launched the Mavic 3 Multispectral, featuring a multispectral imaging system to enhance precision agriculture by capturing detailed crop growth data.

• Additionally, on October 21, 2021, Aeronavics, a Hamilton-based industrial aerial robotics company, expanded its operations to Washdyke, aiming to grow its agricultural drone business globally.

Market Trends:

The integration of advanced tools like data analytics with drones is enhancing agricultural productivity by optimizing fertilizer, water, and pesticide use. This technology helps lower food production costs while significantly improving efficiency. The growing focus on boosting agricultural output is anticipated to drive market growth in the coming years. As a result, more innovative and cost-effective drones are expected to emerge. Manufacturers like DJI and Parrot are expanding their product lines with hardware, software, and hybrid solutions tailored to meet industry-specific needs.

Segment Covered in the Agricultural Drone Market:

By Drone Type: Single rotor drone, Multi-rotor drone, Fixed wing drone, Others.

By Component: Cameras, Batteries, Navigation Systems, Others.

By Application: Mapping/Surveying, Crop Spraying, Irrigation Management, Crop Monitoring, Others.

Major Key Players:

• XAG Co., Ltd
• DJI
• 3D Robotics
• Ageagle LLC
• Agribotix LLC
• Honeycomb Corporation
• Yamaha Motor Co. Ltd
• Trimble Navigation Limited
• HUVRData LLC
• Precision Drones

*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

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