Agriculture Drones Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Agriculture Drones Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

The growing crop production is expected to propel the growth of the agriculture drones market going forward. Crop production refers to the process of growing, cultivating, and harvesting crops for various purposes, primarily for human consumption or for animal feed. Agriculture drones are increasingly used in crop production for various reasons, leveraging their capabilities to enhance efficiency, productivity, and sustainability in farming practices. For instance, in December 2022, according to agricultural production statistics by the Food and Agriculture Organization (FAO), a US-based government organization, the global production of primary crop commodities reached 9.5 billion metric tons in 2021, increasing by two percent from the prior year. Therefore, growing crop production is driving the growth of the agriculture drones 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.

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Major Key Players of the Market:

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.

Agriculture Drones Market 2024 Key Insights:

• 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%.
• Rising Food Demand Propels Growth In Agriculture Drone Market
• Innovative Product Offerings Drive Growth In Agriculture Drone Market
• North America was the largest region in the agriculture drones market in 2023

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