Agricultural Drones Market Growth has Attributed To UAV Sector Expansion | Global Industry Analysis, Segments Overview, Major Geographies, Prominent Players Review and Forecast To 2023

Agricultural Drones Market Growth has Attributed To UAV Sector Expansion | Global Industry Analysis, Segments Overview, Major Geographies, Prominent Players Review and Forecast To 2023

“Agricultural Drones Market”
Agricultural Drones Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Component (Hardware, Software), By Application (Field Mapping, Crop Scouting, Variable Rate Application, Crop Spraying, Livestock, Agricultural Photography) – Forecast to 2022

The Agricultural Drones Market is expected to grow at approx. USD 4.3 Billion by 2022, at approx. 27% of CAGR between 2016 and 2022.

One of the most promising innovations of recent times has been the introduction of next generation drone sensors. Not many days ago, a multispectral sensor called 3p was launched. The major benefits of this sensor is that it can offer on-board image processing and in-field analytics that can give farmers a better idea about their field requirements.

One of the most promising innovations of recent times has been the introduction of next generation drone sensors. Not many days ago, a multispectral sensor called 3p was launched. The major benefits of this sensor is that it can offer on-board image processing and in-field analytics that can give farmers a better idea about their field requirements.

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Agricultural Drones – Definition & Usage

Agricultural drones have proven to be one of the best inventions for the food & agricultural sector. They have made the life of food producers a lot easier. They can be employed to keep a check on the crop production and growth. The agriculture production sector has undergone a lot of technological reforms recently. And amongst a flood of products, agricultural drones stands its own. This is the major reason why the global agricultural drones market is gaining traction.

The main purpose of these drones is to aid farmers in increasing crop production through constant monitoring of the crops. This technology utilizes technologically advanced sensors and digital imaging techniques. By the combinational use of all of these elements the farmers are able to obtain high quality images of their respective fields. And the data that is accumulated from these pictures can help the farmers make the appropriate changes to obtain optimal produce.

Agricultural drones have marked their worth as one of the most advantageous devices. They help farmers in numerous ways. Drones reduce the need for manual labor and resource requirements. Thus, on the whole it can be concluded that the future seems bright for the agricultural drone market.

Market Synopsis

Looking at the current technological reforms in the farming sector, it would not be wrong to assert that the global agricultural drone market will register remarkable success in the coming years. In terms of revenue, the market is expected to generate a staggering USD 4 billion. On the other hand, the CAGR rate for the forecast period of 2018-2022 is projected to be 26.54%.

There are many growth drivers to whom the market owes its development. Lesser expense on manual labor and reduced chances of human errors are two factors that can be termed as the chief growth factors for this market. As the drones eliminate the need for a human guard on the field and further they can provide high quality images of the crops. Thanks to such factors the market leaps forward.

These drones can help a farmer to generate a better revenue. Additionally farmers can also get better returns on their investment by the usage of this tool. These two can aspects can be characterized as additional growth factors for the market.

However, the market may be hindered by certain obstacles like weather issues like storms and heavy winds. Although, experts say that with time the market will cope with such minor issues.

Intended Audience

  • Agricultural drone manufacturers
  • Agricultural ministry
  • End users
  • Technology investors
  • Government institutions
  • Drone analysts
  • Consultancy firms

Market Breakdown

The worldwide agricultural drone market has been segmented into three equal parts. These can be listed as applications, geographies and components.

On the basis of applications, the market is divided into livestock, field mapping, crop spraying, agricultural photography, crop scouting and variable rate application.

When it comes to geographies, the market spans across regions like North America, Asia Pacific, Europe and Rest of the World.

Lastly, on the basis of components, the industry can be segregated into hardware and software.

Geographic Overview

The regional analysis of agricultural drones market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America is estimated to acquire largest market share in agricultural drone market because of high demand for cultivation of high-value crops such as wine grape growers.  Europe is expected to be second largest region leading due to the increasing demand for agricultural drones used in precision agriculture among arable lands.

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Study Objectives of Agricultural Drones Market:

  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the agricultural drones market.
  • To provide insights about factors affecting the market growth.
  • To analyze the agricultural drones market based porter’s five force analysis etc.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
  • To provide country level analysis of the market with respect to the current market size and future prospective.
  • To provide country level analysis of the market for segment on the basis of component and application.
  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the agricultural drone market.

LIST OF TABLES

TABLE 1 AGRICULTURAL DRONES MARKET, BY COMPONENT
TABLE 2 AGRICULTURAL DRONES MARKET, BY APPLICATION
TABLE 3 AGRICULTURAL DRONES MARKET, BY REGIONS
TABLE 4 NORTH AMERICA AGRICULTURAL DRONES MARKET, BY COMPONENT
TABLE 5 NORTH AMERICA AGRICULTURAL DRONES MARKET, BY APPLICATION
TABLE 6 U.S. AGRICULTURAL DRONES MARKET, BY COMPONENT
TABLE 7 U.S. AGRICULTURAL DRONES MARKET, BY APPLICATION
TABLE 8 CANADA AGRICULTURAL DRONES MARKET, BY COMPONENT

CONTINUED…….

LIST OF FIGURES

FIGURE 1 RESEARCH NETWORK SOLUTION
FIGURE 2 AGRICULTURAL DRONES MARKET: BY COMPONENT (%)
FIGURE 3 AGRICULTURAL DRONES MARKET: BY APPLICATION (%)
FIGURE 4 AGRICULTURAL DRONES MARKET: BY REGION (%)
FIGURE 5 NORTH AMERICA AGRICULTURAL DRONES MARKET, BY COMPONENT (%)
FIGURE 6 NORTH AMERICA AGRICULTURAL DRONES MARKET, BY APPLICATION (%)
FIGURE 7 EUROPE AGRICULTURAL DRONES MARKET, BY COMPONENT (%)
FIGURE 8 EUROPE AGRICULTURAL DRONES MARKET, BY APPLICATION (%)

CONTINUED……..

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