Agriculture Drones are used on agricultural lands and farms for crop scouting, crop health monitoring, weed detection, variable rate application, and livestock management. Components such as controllers, propulsion systems, cameras, and navigation systems are used to grow production and improve crop yield. Agriculture drones provide farmers to automate farm activities, and improves crop yield which also minimizes labor costs.
The rising demand for quality food crops due to the growing population is the key factor that drives the market growth furthermore, increasing the adoption of advanced technologies to enhance crop production and rising venture funding increases the acceptance of agricultural drones. The growing adoption of mobile devices and advanced technologies in components such as mapping software, camera, and others are estimated to support the growth of the Agriculture Drones market. However, the lack of trained pilots is the major restraining factor in the growth of the market.
The agriculture Drones Market valued at approximately USD 826.5 Million in 2018 is anticipated to grow with a healthy growth rate of more than 38% over the forecast period 2019-2026 and is estimated to reach USD 10 Billion by 2026.
By Regions: North America, Europe, Asia Pacific, Latin America, Rest of the World
Major market players included in this report are Trimble Navigation Limited, DJI Technology Co., Ltd., Parrot SA, Drone Deploy, Agribotix LLC, Honeycomb Corporation, Aerovironment, Inc., Eagle UAV Services LLC, 3D Robptics Inc., AgEagle Aerial Systems, Inc., Autocopter Corp, and Ursula Agriculture
The detailed segments and sub-segment of the market are explained below:
By Component: Hardware, Software, Services
By Type: Fixed Wing, Rotary Blade, Hybrid
By Application: Crop Scouting, Variable Rate Application, Field Mapping, Livestock Management, Others
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