Agriculture Drone Market
Agriculture Drone Market (Type - Fixed-Wing, Multi-Rotor and Hybrid; Application - Spraying, Crop Scouting, Field Mapping, Variable Rate, and Crop Monitoring) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Press Release :
Global Agriculture Drone Market: Snapshot
Drones, better known as unmanned aerial vehicle is the aircraft without the human pilot. It has been into existence for long time and are used in various industry including mining, construction, military and agriculture. The agriculture use of drones have recently gained traction after the world started witnessing the tremendous growth in population leading towards the growing demand for food. However, use of such UAV for precision agriculture has been in use since 1990s in some part of Asia-pacific, North America and Europe. These UAV were largely used for spraying pesticides, crops in farm area and are still being used for the same purpose in many parts of the world. The agriculture drone market is therefore the most attractive market that is expected to change the way farming was earlier done.
The global agriculture drone market revenue stood at US$ 293.6 Mn in 2016 and is anticipated to expand at a CAGR of 21.3% during the forecast period from 2018 to 2026.
Rising Awareness Regarding Vast Benefits of Drones to Drive Market
Major factor leading to the growth of agriculture drones market are growing awareness about precision farming, need to enhance the yield and government support to use advance technologies in agriculture. Drones are responsible for generating accurate data that can be helpful for farmers to monitor crop health, reduce the impact of climate change and efficiently detect weed. The drones are also helpful in uniform spraying of crops and pesticide for better result. For instance Yamaha RMAX, which is probably the first UAV crop sprayer which has 2x8 liter spray tank has proved effective for precise small scale spraying. OPtim Agri drone is the joint project among local government, university and IT Company of Japan that has the capability to identify insects so that it can initiate accurate attack on those areas with chemicals. These benefits, among several others are helping farmers do effective farming.
Fixed-wing Drones Witness Highest Uptake
The global agriculture drone market has been segmented on the basis of type, and application. The type segment has further been categorized into fixed-wing, multi-rotor (also known as quad copter) and hybrid drones. Fixed-Wing type of drones holds the largest market share globally. However, multi-rotor type of drones are expected to display comparatively healthy growth during the forecast period. On the basis of application, the market has been divided as spraying, crop scouting, field mapping and others. Spraying is one of the dominated application globally. Countries around the globe are increasingly using drones for spraying crop, pesticides on the farming filed. Application including field monitoring and crop scouting is expected to gain momentum in coming three to four year when framers across the globe will become familiar with drones and their capabilities.
Europe to Remain Key Consumer of Agriculture Drones in Near Future
The global agriculture drone market is expected to be driven by the North America region However, Europe is estimated to contribute major share in the overall agriculture drone market, closely followed by Asia Pacific. In Europe, France is anticipated to drive the growth of agriculture drone market. The growing deployment of drone in European countries are largely due to the growing need among countries to enhance the overall farm productivity. The European Union (EU) is also actively working in the direction of deploying drones for farming.
In Asia Pacific, countries including Japan, China and Australia are anticipated to drive the growth of agriculture drone market. Japan dominated the market in 2016 and is expected to continue its dominance over the forecast period from 2018 to 2026. China and Australia are expected to grow at a considerable rate. In the rest of Asia Pacific countries including India, New Zealand have witnessed relatively healthy deployment of drones than other Asia-pacific countries.
Key vendors in the market are continuously involved in introducing more easy-to-use drones that can effectively cater the needs of farmers. Major players profiled in the global agriculture drone market include Agribotix LLC, Delair Technologies Inc., Honeycomb Corporation, Precision Hawk, Drone AG, Ag Eagle Aerial Systems, Parrot SA, Aerovironment Inc., and DJI Innovate among others.
Global Agriculture Drone Market: Overview
Agriculture Drone market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the agriculture drone market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to impact market’s growth during the said period. The study provides a complete perspective on global agriculture drone market’s evolution throughout the above mentioned forecast period in terms of revenue (in US$ Mn).
The market overview section of the report demonstrates the market dynamics such as the drivers, restraints and opportunities that influence the current nature and future status of this market, key market indicators and trends. Key market indicators included in the report provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period. An attractiveness analysis has also been provided for every segment in the report. The attractiveness analysis will helps the readers to understand the most lucrative market segment. The report also provides an overview of various strategies adopted by key players present in the market.
Global Agriculture Drone Market: Segmentation
The report segments the market on the basis of type, and application. The type segment includes fixed-wing, multi-rotor and hybrid UAVs. On the basis of application, the market is segmented as spraying, crop scouting, field mapping and others. The others segment include crop monitoring, variable rate, yield monitoring among others. The report provides in-depth segment analysis of the global agriculture drone market, thereby providing valuable insights at the macro as well as micro levels.
Global Agriculture Drone Market: Scope of the Report
The report also highlights the competitive landscape of global agriculture drone market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the market. The comprehensive agriculture drone market estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting agriculture drone market growth.
This report provides all the essential information required to understand the key developments in the agriculture drone market, growth trend of each segment and companies’ strategies that helps them to efficiently compete in the market. Also, the report provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces namely buyers bargaining power, suppliers bargaining power, threat of new entrant, threat of substitute and degree of competition in the agriculture drone market. This report also provides the comprehensive value chain analysis for the agriculture drone market. It explains the various participants including raw material suppliers, manufacturers and distribution channel of the value chain operating in the market.
Agribotix LLC, Delair Technologies Inc., Honeycomb Corporation, Precision Hawk, Drone AG, Ag Eagle Aerial Systems, Parrot SA, Aerovironment Inc., DJI Innovate, Yamaha Corporation, Sentera LLC. Ideaforge India Private Ltd, are of the major players operating in the agriculture drone market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.