The global agriculture drone market size is projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period.
The agriculture drones market refers to the use of unmanned aerial vehicles (UAVs) in the agriculture industry for various applications, such as crop scouting, assessment, and spraying. Agriculture drones are equipped with advanced sensors and imaging technology that can capture high-resolution images of crops and provide real-time data on crop health and growth.
Market Driver
- Increasing demand for food production due to the growing global population
- Rising need for efficient crop monitoring and management to enhance crop yields and reduce costs
- Advancements in drone technology, such as improved sensors, longer flight times, and increased payload capacity
- Government support and initiatives to promote the use of drones in agriculture
- Growing trend of precision agriculture, which requires accurate and timely data on crop health and growth
- Increasing adoption of unmanned aerial vehicles (UAVs) for various agricultural applications, such as crop scouting, assessment, and spraying
- Cost-effectiveness and time-saving benefits of using drones compared to traditional methods of crop monitoring and management
- Increasing awareness among farmers about the benefits of using drones in agriculture.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/agriculture-drones-market-102589
Regional Insights
Quick Adoption of Advanced Drones for Agriculture to Feed Market Growth in North America
During the forecast period, North America is expected to dominate the agriculture drone market, with a market size of USD 367.6 million in 2019. This is primarily due to the quick adoption of advanced UAVs by farmers in the region to increase their farm's production. Additionally, lawmakers in the region have implemented favorable policies supporting the use of commercial drones and small UAVs for agricultural activities, further boosting market growth.
Industry Developments:
- April 2020: DJI, the Chinese drone maker, released its new offering called the “Mavic Air 2” drone, the successor to the company’s 2018 Mavic Air drone. The new product comes in two variants, the standard and the Fly More, with both being available for immediate purchase in China.
- September 2019: AeroVironment launched the enhanced, next-gen version of its flagship Quantix VTOL hybrid drone and the AeroVironment Decision Support System for precision farming. Equipped with sensors and multispectral imagery capabilities, Quantix is designed to perform crop scouting and can survey up to 400 acres within 45 minutes.
List of Key Players Covered in the Agriculture Drone Market Report:
- Delair Tech SAS (France)
- Parrot Drone (France)
- 3D Robotics (the US)
- AeroVironment Inc. (the US)
- GoPro (the US)
- Drone Deploy (the US)
- Sintera LLC (the US)
- Ag Eagle (the US)
- Trimble Navigation Ltd. (the US)
- Precision Hawk (the US)
- DJI (China)