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Agricultural Drones Market Overview, Segmentation, Growth Dynamics and Forecast 2024

Author : Ronak Bora | Published Date : 2020-09-14 

Agricultural Drones Market is estimated to cross USD 1 billion by 2024 with the shipments exceeding 200 units. Increasing usage of drones for agricultural purpose and rising funding for UAV manufacturers are fueling the demand for agricultural drones market. Precision farming initiatives and increasing automation will further stimulate the industry growth during the forecast period.

These UAVs facilitate farmers with aerial cameras for crop monitoring, soil & field analysis, and health assessment of the yield and irrigation assistance. These pros are expected to increase the product adoption among the farmers in the coming years. Farm equipment manufacturers are including the digitalization of farms by providing various features such as GPS, geomapping, satellite imagery, and automated systems. This increasing adoption of precision agriculture will stimulate the demand for UAVs in agriculture.

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The developments in Agricultural Drones Market is set to change the business landscape of agriculture and enable ultra-precision farming. The agricultural sector is likely to witness a major transformation in its value chain, as the robotic technology is set to enter into different aspects of farming. Rising deployment of this advanced technology is most probable to change the future of agrochemicals business and modify the designs of agricultural machinery. This has significantly impacted the market dynamics of the global agricultural drones industry.

Farmers, all over the globe, are gradually adopting the drone technology to obtain better yields and improve their efficiency by effective use of the land, water, and fertilizers. This technology is assisting farmers in analyzing soil and crop data by taking pictures of their fields. The UAV (unmanned aerial vehicle) in agricultural drones market are the popular drones, which are incorporated with thermal cameras to provide better vision to the farmers. These images help agronomists in decision making and better monitoring of plantation. With the addition of GIS, GPS and sensor technology, the hybrid UAVs are poised to better assist the farmers by providing enhanced maneuvering information.

The agricultural drones have gained maximum leverage from the Internet of Things, arguably making agricultural industry much more advanced than ever before. The IoT is now set to drive the future of farming to the next level. High-tech and smart farming are no more things of the past, thanks to sensors and agricultural drones. Software solutions are in a way helping farmers by delivering real-time data for boosting yields. Furthermore, all of these technologies including satellite farming and agricultural drones are helping precision farming market to stimulate over the coming years.

Asia Pacific agricultural drones market is fueled by technological advancements, government funding, and increasing adoption. In China, the government has included agricultural drones as national subsidized agricultural machinery to increase its adoption. As per the Ministry of Agriculture, China, the agricultural UAV ownership number crossed 4,800 in 2016, which is double the number in 2015. The other agriculture dominated countries in Asia Pacific are expected to contribute to the industry growth owing to the increasing usage of this product to improve the yield.

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Some of the players in agricultural drones market include DJI, AeroVironment, PrecisionHawk, DroneDeploy, Gopro, Parrot, Yunnec, Kespry, Dronebase, and Trimble Navigation. Profit margins and increasing demand are increasing the industry attractiveness thereby increasing the number companies investing in the agricultural drone market. Government regulations, patents, and companies already developing UAVs for other applications are increasing the entry barriers for new entrants.

Table of Contents (ToC) of the report:

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Definition and forecast assumptions

1.2. Data Sources

1.2.1.   Primary

1.2.2.   Secondary

Chapter 2. Executive Summary

2.1. Agricultural drones market 3600 synopsis, 2013 - 2024

2.1.1.   Business trends

2.1.2.   Product trends

2.1.3.   Application trends

2.1.4.   Regional trends

Chapter 3. Agricultural Drones Market Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.   Distribution channel analysis

3.3.2.   Vendor matrix

3.4. UAV vs. manned aircraft/satellite

3.5. Drone advantages over other aerial imaging systems

3.6. Technology & innovation landscape

3.6.1.   UAV industry overview

3.6.2.   Multispectral camera

3.6.3.   Infrared camera

3.6.4.   Thermal camera

3.6.5.   LiDAR camera

3.6.6.   High resolution camera

3.6.7.   Navigation system

3.6.8.   GPS

3.6.9.   Geographic Information System (GIS)

3.7. Regulatory landscape

3.7.1.   U.S.

3.7.1.1.      FAA

3.7.1.2.      TSA

3.7.2.   EU

3.7.2.1.      EASA

3.7.3.   China

3.8. Industry impact forces

3.8.1.   Growth drivers

3.8.2.   Industry pitfalls & challenges

3.9. Growth potential analysis

3.9.1.   Business models

3.10.     Porter's analysis

3.10.1. Supplier power

3.10.2. Buyer power

3.10.3. Threat of new entrants

3.10.4. Threat of substitutes

3.10.5. Internal rivalry

3.11.     Competitive landscape, 2016

3.11.1. Strategy dashboard

3.11.2. Patent analysis

3.12.     PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/agricultural-drones-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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