Press release
Global Agricultural Drones Market (2017-2024)- Research Nester
Market Segmentation
Global Agricultural Drones Market is anticipated to grow at a robust compound annual growth rate (CAGR) of 30.2% over the forecast period i.e. 2017-2024. The global market of agricultural drones stood at revenue around USD 300.5 Million in 2016 and is expected to reach at a valuation about USD 3.7 Billion by the end of forecast period.
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In terms of region, global agricultural drones market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is the largest market of agricultural drones and is expected to experience remarkable growth during the forecast period. Moreover, high adoption rate of advanced agricultural technologies in this region especially in U.S. is a key factor which is likely to fuel the growth of agricultural drones market in this region.
Global-Agriculture-drones-market-share-demand-size-growth.jpg
Furthermore, Asia Pacific region is envisioned to experience a remarkable growth during the forecast period owing to factors such as growing adoption of advanced technology and increasing investment by several companies in order to develop cost effective agricultural drones for agricultural applications in this region.
Market Segmentation
The Global Agricultural Drones Market is further classified on the basis of region as follows:
By Product
Fixed Wing Drones
Multi Rotor Drones
Hybrid Drones
Other Multi Rotor Drones ( Micro Drones)
By Components
Hardware
Batteries
Sensors
Imaging Software
Mapping Software
By Application
Field Mapping
Corp Management
Spraying (seed, pesticides)
Crop Scouting
Livestock Monitoring
Others
By Region
Global Agricultural Drones Market is further classified on the basis of region as follows:
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers & Challenges
Global market of agricultural drones is primarily driven by rising awareness towards precise farming for its additional benefits. Further, agricultural drones are perfect solution for crop monitoring in very large arable lands.
Apart from this, technological advancements with agricultural drones in a manner to improve its battery durability, efficiency, controlling are also key factors which are driving the growth of global agricultural drones market.
Furthermore, rising prevalence of fixed wing drones due to their capability to carry extra payload and long land covering is a dynamic factor behind the growth of global agricultural drones market.
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However, restriction of use of agricultural drones in countries such as India and Nepal is a major factor hampering the growth of global agricultural drones market.
Key Players
AeroVironment Inc.
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financial
DJI Innovation
Israel Aerospace Industries
PrecisionHawk
Parrot SA
Trimble Navigation Ltd.
MicroDrones GmBh
3D Robotics
Aibotix
Dragonfly Innovations
Coptercam
Cyberhawk Innovation Ltd.
Scope & Context
Overview of the Parent Market
Analyst View
Segmentation
The global agricultural drones market is segmented as follows:
By Product Market Size & Y-O-Y Growth Analysis
By Application Market Size & Y-O-Y Growth Analysis
By Component Market Size & Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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Research Nester, a market research and consulting company, is currently serving clients from 120+ countries across the globe ranging from healthcare, ICT & Electronics, FMCG, retail, oil & gas, energy & power to niche markets like chemicals. We assess the market for existing and new product in sync with demand arising from the market and its counterparts. Analysts at Research Nester provide the best-fit actionable insights by calculating the market size, estimating the y-o-y growth and anticipated demand for a particular product or service. View all posts by Research Nester
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