The global market for agricultural drones has been witnessing incremental growth over the last few years. The trend is expected to continue as the market evolves, providing significant growth and investment opportunities for manufacturers during the forecast period of 2018-2026. The growth in demand can be largely credited to rising agricultural income and the availability of flexible credit facilities for purchasing mechanized agricultural equipment for improving productivity. Steady growth in demand for organic food has increased 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 fields, thereby enabling them to monitor crop growth and yield and improve farm efficiency. Improving farm income, rising demand for organic food products and a shift towards mechanized farming are 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).
The high upfront cost of drones, combined with the technical complexities involved in their installation and operation, has been identified as the major impediment to the widespread adoption of agricultural drones, particularly among farmers in price-sensitive emerging economies. The 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 the 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 forecasts and market sizing for the period from 2016–2026. The research report categorizes the global agricultural drone 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 an analysis of the key market trends followed in the market.
To help investors and tactical decision-makers make decisions, the report provides a competitive landscape that covers the 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, Precision Hawk, and Trimble Navigation Limited.
Other analysis covered in the research study includes:
Comparative analysis of all segments for the years 2017 and 2026
Market sizing for historical years (2016 and 2017)
Segment-Region-Country Analysis
Therefore, the research report offers a 3,600-foot view of the global agricultural drone 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 the following categories:
Variable Rate Application (VRA)
Crop Scouting
Field Mapping
Others (livestock, agriculture photography, etc.)
In 2016, field mapping was the largest application segment in the global agricultural drone market. The dominance and widespread adoption of drones for field mapping applications can be majorly credited to the monitoring abilities offered by drones, leading to increased crop yield. The trend is expected to continue, with the field mapping segment registering steady gains during the forecast period of 2018–2026. On the other hand, the adoption of drones for crop scouting is expected to surge during the forecast period of 2018–2026. Advancements in technology leading to improved accuracy in spraying fertilizers without disturbing soil fertility are one of the major factors boosting the adoption of agricultural drones for crop scouting applications.
On the basis of geography, the global agricultural drones market is segmented into the 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
In terms of revenue contribution, North America led the overall agricultural drone 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 market for agricultural drones in North America and worldwide. Key drivers influencing the growth of the agricultural drone market in the U.S. include the civilization of farming methods, the increasing disposable income of farmers, and government support to improve agricultural productivity. On the other hand, Asia Pacific is poised to remain the most attractive business destination for agricultural drone manufacturers. There are sound investment opportunities and growth in emerging markets like India, China, and a few Southeast Asian countries. The anticipated growth opportunity is due to the huge agricultural sector in the region. Furthermore, a slew of government investments promoting precision and mechanized farming is expected to boost market demand during the forecast period of 2018-2026.
Frequently Asked Questions:
The market for Agricultural Drones is expected to reach US$ XX Bn in 2026.
The Agricultural Drones market is expected to see significant CAGR growth over the coming years,at 18.5%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
Honeycomb Corporation,Ageagle LLC,Ursula Agriculture,Delair-Tech SAS,Yamaha Motor Co., Ltd. are some of the major players in the global market.
