About Agriculture Drone
An agricultural drone is an unmanned aerial vehicle used in the farming for monitoring crop growth, field surveying/scouting, nitrogen recommendation, crop scouting, and others. Agriculture drones are expected to become a lucrative field as commercial drone applications over the forecast era. They assist farmers by taking photographs of a wide range of fields and providing vital data on crops and soil to help in crop management. Crop monitoring with unmanned aerial vehicles (UAVs) will boost yields dramatically while lowering the cost of filming from an aeroplane.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Agriculture Drone market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DJI (China), 3DR (United States), Trimble Navigation Limited (United States), DroneDeploy (United States), AgEagle LLC (United States), Agribotix LLC (United States), AutoCopter Corp. (United States), Delair-Tech (France), Eagle UAV Services (United States), HoneyComb Corporation (United States), PrecisionHawk (United States) and Parrot SA (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Yamaha Motor (Australia), AeroVironment, Inc. (United States) and URSULA Agriculture (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Agriculture Drone market by Type (Hardware [Fixed Wing, Rotary Blade, Hybrid] and Software [Data Management, Imaging Software, Data Analysis, Others]), Application (Field Mapping, Variable Rate Application (VRA), Crop Scouting, Crop Spraying, Livestock, Agriculture Photography and Others) and Region.
On the basis of geography, the market of Agriculture Drone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component, the sub-segment i.e. Frame will boost the Agriculture Drone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Development of Batteries to Increase the Flying Period of Drones
Market Growth Drivers:
Increasing Adoption of Drones in the Agricultural Industry and AI And Machine Learning Deployment to Boost Drone Automation
Challenges:
Lack of Appropriate Air Traffic Management for UAV Drones
Restraints:
Lack of Skilled Drone Operators and Security and Safety Concerns Regarding Drones
Opportunities:
Growing Demand from the Emerging Economies and Increasing Government Exemptions for the Use of UAV Drones in Agricultural Industry
Market Leaders and their expansionary development strategies
In March 2020, AeroVironment, Inc. entered into a partnership with Draganfly (Canada) for Draganfly’s distribution of AeroVironment’s Quantix Mapper systems to commercial markets worldwide. The agreement also included the continuation of other contract engineering services provided by Draganfly to AeroVironment.
In March 2019, DJI introduced a new software tool—DJI Terra—that transforms drone data into digital 3D models and maps for easy analysis and decision-making. The tool enables businesses and organizations using DJI drone technology to capture, visualize, and analyze aerial images for a wide variety of applications across the public safety, construction, infrastructure, agriculture, and film industries.
“According to the Federal Aviation Administration (FAA) regulations for agricultural drones. All drones must be registered with the Federal Aviation Administration. Part 107 governs all rules and regulations associated with drones weighing between 0.55 lbs to 55 lbs. Approved flight operations include crop monitoring/inspection, research and development, educational/academic uses, power-line/pipeline inspection in hilly or mountainous terrain, antenna inspections, aiding certain rescue operations, bridge inspections, aerial photography, and wildlife nesting area evaluations.”
Key Target Audience
Original equipment manufacturers (OEMs), OEM Technology Solution Providers, Research Institutes, Farmers, Market Research and Consulting Firms, Forums, Alliances, and Associations, Technology Investors, Governments and Financial Institutions, Analysts and Strategic Business Planners and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.