Agricultural Drones Market By Application (Variable Rate Application (VRA), Crop Scouting, Field Mapping) - Growth, Share, Opportunities & Competitive Analysis, 2018 -2026

The global agricultural drones market has been witnessing incremental growth over the last few years. The trend shall prolong as market continues to evolve, offering significant growth and investment opportunities for manufacturers during the forecast period 2018 – 2026. The growth in demand can be majorly credited to rising agricultural income and availability of flexible credit facilities for purchasing mechanized agricultural equipment for improving productivity. Steady growth in demand for organic food has increased the worldwide agricultural production Farmers across the globe are looking for advanced solutions to improve farm productivity and profit margins. Using sensors and digital imaging capabilities, agricultural drones allow farmers to collect high resolution pictures of their field, thereby enabling them to monitor crop growth, yield, and improve farm efficiency. Improving farm income, rising demand for organic food products, and shift towards mechanized farming is expected to spur the demand for agricultural drones in the coming years. All these factors are collectively expected to contribute towards a double digit CAGR during the forecast period (2018 – 2026).

Agricultural Drones Market

High upfront cost of drones coupled with the technical complexities involved in its installation and operation is identified as the major factor inhibiting the widespread adoption of agricultural drones, especially amongst farmers in price sensitive emerging economies. High cost involved makes it difficult for small-scale farmers to invest in these systems and gain reasonable profits.

The global agricultural drones market is classified into following categories:

  • By Type
    • Fixed Wing Agricultural Drones
    • Multi Rotor Agricultural Drones
    • Hybrid Agricultural Drones
  • By Application
    • Variable Rate Application (VRA)
    • Crop Scouting
    • Field Mapping
    • Others (Livestock, Agriculture Photography, etc.)
  • By Region
    • North America
      • The U.S.
      • Rest of North America
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific (APAC)
      • India
      • China
      • Japan
      • Rest of APAC
    • Rest of the World
      • Latin America
      • Middle East and Africa

The research report “Global Agricultural Drones Market – Growth, Future Prospects and Competitive Analysis, 2018 – 2026” delivers qualitative insights on the global agricultural drones market along with the forecasts and market sizing for period from 2016 - 2026. The research report categorizes the global agricultural drones market based on product types, applications, and cross-sectional analysis across geographic regions. The research study delivers a holistic opinion on market dynamics covering opportunities, market drivers, and challenges predominant in the market. In addition, the study covers analysis on the key market trends followed in the market.

To help investors and tactical decision makers to make decisions, the report provides competitive landscape which covers profiling of major agricultural drone manufacturers, their market positioning, SCOT analysis, major business strategies, and recent developments. Major manufacturers profiled in the research study include Honeycomb Corporation, Ageagle LLC, Ursula Agriculture, Delair-Tech SAS, Yamaha Motor Co., Ltd., Eagle UAV Services, DJI, Parrot SA, Precisionhawk, and Trimble Navigation Limited.

Other analysis covered in the research study includes:

  • Comparative analysis of all sub-segments for years 2017 and 2026
  • Market sizing for historic years (2016 & 2017)
  • Segment-Region-Country Analysis

Therefore, the research report offers a 3600 insight of the global agricultural drones market, offering market sizing and forecasts by keeping in mind the aforementioned factors.

On the basis of application, the global agricultural drones market is segmented into following categories

  • Variable Rate Application (VRA)
  • Crop Scouting
  • Field Mapping
  • Others (Livestock, Agriculture Photography, etc.)

Their contribution to the global agricultural drones market in 2017 is as shown in the figure below:

Agricultural Drones Market

In 2016, the field mapping was the largest application segment in the global agricultural drones market. The dominance and widespread adoption of drones for field mapping applications can be majorly credited to monitoring abilities offered by drones, leading to increased crop yield. The trend is expected to continue with field mapping segment registering steady gains during the forecast period 2018 – 2026. On the other hand, adoption of drones for crop scouting is expected to surge during the forecast period 2018 – 2026. Advancements in technology leading to improved accuracy in spraying fertilizers without disturbing soil fertility is one of the major factors boosting adoption of agricultural drones for crop scouting applications.

On the basis of geography, the global agricultural drones market is segmented into following regions and countries.

  • North America
    • United States
    • Rest of North America
  • Europe
    • United Kingdom
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

The following figure represents contribution of different regions to the global agricultural drones market in 2017.

Agricultural Drones Market

In terms of revenue contribution, North America led the overall agricultural drones market worldwide in 2017. The revenue contribution of North America to the global agricultural drones market stood at over 38% of overall market revenue in the same year. The U.S. represents the largest individual agricultural drones market in North America and worldwide. Key drivers influencing the growth of agricultural drones market in the U.S. include civilization of farming methods, increasing disposable income of farmers, and government support to improve the agricultural productivity. On the other hand, Asia Pacific is poise to remain the most attractive business destination for agricultural drone manufacturers. There exists sound investment and growth and opportunities in emerging markets like India, China, and few Southeast Asian countries. The anticipated growth opportunity is due to huge agricultural sector and in the region. In addition, multitude of investments by the governments promoting precision and mechanized farming is expected to favor market demand during the forecast period 2018 – 2026.

 

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Published Date:  Jan 2018
Category:  Technology & Media
Report ID:   58955
Report Format:   PDF
Pages:   120
Rating:    4.2 (11)
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