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Agricultural Drones Market is anticipated to grow at a CAGR of 29.3%, and reach a market value of USD 22.10 billion by 2030

Market Research Future Insights:

The global agriculture drones market size is expected to register a significant CAGR of 29.3% during the forecast period and is projected to reach a market value of USD 22.10 billion by 2030.

Unmanned aerial vehicles known as “agriculture drones” are employed in agricultural activities to help farmers collect, process, analyse, and derive insights from data collected by drones. Through its uses, such as irrigation monitoring, crop monitoring, soil and crop field analysis, bird/locust control, planting and pesticide spraying, field mapping, variable rate application, crop scouting, and others, precision agriculture is made possible thanks to these insights. Drones in agriculture have many advantages, one of which is the efficient use of inputs like seeds, fertiliser, water, and other resources without using more than is necessary. Crop hazards including weeds, pests, and fungi can hinder the growth of the crop and cause production losses, which can be promptly identified and prevented through crop scouting, which includes validated treatment and measures taken. This should enable farmers to increase crop productivity while lowering overall expenses for resources such as water, fertiliser, and pesticides.

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The market for agriculture drones market is influenced by a number of reasons, including the growing demand for precision farming equipment and the expansion of government programmes to encourage productive farming methods that benefit farmers. On the other side, this market growth trend is being hampered by the creation of rules surrounding the use of drones due to data privacy concerns. However, as agricultural activities become more automated, the market is advantageous. Furthermore, the market has difficulties due to a lack of internet access infrastructure.

Key Players:

The key players in the global agriculture drones market are DJI (China), 3DR (US), Ondas Networks (AMERICAN ROBOTICS) (US), ideaForge (India), DroneDeploy (US), MICRODRONES (Germany), PrecisionHawk, Inc. (US), Yamaha Motor Corporation, U.S.A. (US), AeroVironment, Inc. (US), AgEagle Aerial Systems Inc. (US), ISRAEL AEROSPACE INDUSTRIES (Israel), Delair (France), senseFly (Switzerland), Sentera (US), Trimble Inc. (US), and THANOS (India), among others.

Market Segmentation:

The type, component, application, and regional segments have been used to divide the global market for agriculture drones. The market for agriculture drones is segmented into fixed wing, rotary blade, and hybrid drones depending on type. The component section is further divided into hardware and software, with the hardware sub-segment consisting of devices like cameras, batteries, motors, flight controllers, radio receivers, GPS/GNSS/GIS, and others. Data management, image processing, data analytics, and other services are covered in the software sub-segment. The global market for agriculture drones market has been divided into several application-specific submarkets, including irrigation monitoring, soil and crop field analysis, planting and pesticide spraying, field mapping, crop scouting, and others.

On the basis of application, the global agriculture drones market has been segmented into irrigation monitoring, soil and crop field analysis, planting and pesticide spraying, field mapping, crop scouting, and others.

The global agriculture drones market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

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Regional Analysis:

North America, Europe, Asia-Pacific, the Middle East & Africa, and South America have all been considered in the geographic study of the global market for agriculture drones. Due to the growing demand for automation in agricultural activities, North America is anticipated to account for the biggest market share. Due to the advantages provided by agricultural drones, such as the increased need for precision farming technology and the rise in government initiatives to support efficient farming practises, among other such factors have increased the demand in the region, the US is anticipated to lead the country-level market in the North American region.

During the forecast period, Asia-Pacific is projected to grow at the fastest rate and was second in the global market for agriculture drones market. This is largely because of the region’s rapid digital transformation, the large number of farmers who contribute to the GDP there, and the advantages that come with using agriculture drones to address problems that lead to lower productivity.

Additionally, due to the higher adoption of agriculture drones market in terms of better productivity, improved sustainability, and higher profitability for farmers that adopted this technology, the Europe area is predicted to maintain its third-place ranking during the review period. Due to the demand for agricultural products in these countries and increased production to meet the growing demand, the Middle East, Africa, and South American markets are anticipated to have considerable expansion over the projected period.

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Competitive Analysis

The global agriculture drones market is witnessing a high growth mainly due to rapid developments in drone technology, increasing demand from various agricultural applications, and surging demand for IoT applications. Major players have opted for partnerships, acquisitions, and product developments as their key organic growth strategies to enhance their positions in the market and cater to the rising demands for technology-based solutions. Also, the industry players are working towards advancing their product offerings to cater to changing needs of farmers. Additionally, the market players are going forward to increase their market presence by partnering with numerous retailers and dealers across the globe to expand their market presence and adoption of agriculture drones.

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