According to a recent estimate by Emergen Research, the global Agriculture Drones Market is expected to be worth USD 9.63 billion by 2027. the increase in demand for unmanned aerial vehicles, primarily as a result of technological improvement. These drones are used to inspect farms, gather data, store it for later use, combine it with other data, and use it for analysis. These drones can be used to maintain the accuracy of the dosage of herbicides and insecticides applied to crops. They are employed to keep an eye on both worker productivity and the irrigation system.
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Due to COVID-19’s effects, the market for agricultural drones saw a fall in revenue from 2019 to 2020. Government responses to COVID-19 impacted industrial and international supply chains, which has had and is anticipated to continue to have a substantial direct and indirect influence on the market for farm drones. Agriculture drone manufacturers might not be able to get key raw materials and components they need to make their products if the COVID-19 disease propagation persists and leads to a protracted period of commercial and governmental restrictions. However, the market’s specialists predict that starting in 2022, the market for agricultural drones will accelerate and expand.
The largest and most advanced markets for the adoption of cutting-edge agricultural technology are North America and Europe, whereas Asia-Pacific has the greatest potential for growth in this field. The apparent labor scarcity and low pay in the agricultural industry, which would further reduce employment there, are expected to push the market for agricultural drones. Contrarily, despite their relatively higher cost, agricultural drones give large agricultural enterprises a stronger ROI and savings over the short to medium term, and as a result, are gaining popularity.
Some Key Highlights from the Report :
In June 2020, the Indian Agricultural Department announced its plan for the deployment of drones in the areas of Rajasthan, India, as well as in the areas during the monsoon period for anti-locust operations. Numerous crops are destroyed as a result of the locust attack.
Over the predicted period, the market is expected to be dominated by the hardware component segment. Hardware for agricultural drones includes state-of-the-art cameras, GPS systems, frameworks, controllers, propulsion structures, and other elements. The hardware components are required for data collecting, field and crop monitoring, and agricultural production. The rise of this business is also being driven by the growing need for repair, upgrade, and customization of drone equipment parts to increase the lifespan and usefulness of drones and gain a competitive advantage.
As drones provide extensive area modeling, such as elevation data, enabling farmers and other agro professionals to discover any anomalies in the land, the field mapping segment is anticipated to hold a significant proportion of the global market. Field mapping also reveals crop viability and output capability by examining agricultural quality and conditions across diverse soil types and administration areas.
Due to the Federal Aviation Administration’s (FAA) exemption under the part 107 rule, which will assist the use of these drones in the agriculture industry, North America contributes a sizable portion. The venture capitalist will boost their investment as a result of the exemption.
Other notable participants include Ursula Agriculture, Delair-Tech SAS, Trimble Navigation Limited, PrecisionHawk, Ageagle LLC, DJI Technology, AeroVironment Inc., Honeycomb Corporation, Parrot SA, and Yamaha Motor Co. Ltd.
For this report, Emergen Research has segmented into global Agriculture Drones Market based on component, integrant, application, and region:
Component Outlook (Revenue, USD Billion; 2017-2027)
- Fixed Wing Drones
- Rotary Blade Drones
- Hybrid Dronesbased on
- Software and Services
- Data Management Software
- Imaging Software
- Data Analytics Software
Integrant Outlook (Revenue, USD Billion; 2017-2027)
- Propulsion System
- Controller System
- Camera System
- Navigation System
Application Outlook (Revenue, USD Billion; 2017-2027)
- Crop Scouting
- Field Mapping
- Livestock Monitoring
- Smart Greenhouse
- Crop Spraying
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- the U.S.
- the UK
- Rest of Europe
- the Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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