Global Agriculture Drone Market Overview:
According to SPER Market Research, the Global Agriculture Drone Market is estimated to reach USD 8.30 billion by 2032 with a CAGR of 22.63%.
Agriculture drones are essentially specialised unmanned aerial vehicles that play a significant role in crop growth monitoring, agricultural operations, and crop processing optimization, ultimately enhancing farm yields. Insecticides and pesticides are also sprayed on crops, reducing the amount of time, money, and labour that farmers are exposed to these dangerous chemicals. Drones are a cheap and efficient way to manage farms since they conserve water, spray more quickly than manual spraying, and even save chemicals, which encourages farmers to use agricultural drones. The market is growing as a result of the increased awareness of the benefits of drones. In addition, the labour shortage during the lockdown time and the shortage of skilled farmers have been major growth drivers for the sector.In addition, the increased focus on improving agricultural productivity and developments in sensors, sizes, and other components have successfully produced mini autonomous and unmanned rotorcrafts, which are anticipated to create a number of new opportunities that will boost the growth of the agriculture drone market in the previously mentioned forecasted period.
Impact of COVID-19 on the Global Agriculture Drone Market
Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to have an influence on industry growth throughout the course of the forecast period. In order to assure the inclusion of the underlying COVID-19 concerns and potential future directions, the ongoing research strengthens our research framework. The COVID-19 epidemic made digitization necessary across all industries. The pandemic has lowered farmers' spirits all throughout the world. Farmers no longer expected to deploy agricultural drones as a result of the month-long decline in food crop prices, which may be related to the lockdown's negative effects on transportation infrastructure and the lack of revenue it generated. However, as the economies return to normal, the drone business is gaining momentum. In order to improve agricultural productivity, many Agri-tech companies developed novel ways to simplify farming practices by putting more emphasis on wireless platforms like drone technology. These platforms allow for real-time decision-making regarding yield monitoring, crop health monitoring, field mapping, irrigation scheduling, and harvesting management.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Technology, By Type, By Components, By Battery Life, By Mode of Operation, By Application, |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | AeroVironment, Inc., AgEagle Aerial Systems Inc., Agribotix LLC, DroneDeploy, 3D Robotics Inc., Eagle UAV Services LLC, Honeycomb Corporation, Parrot SA, PrecisionHawk Inc., SZ DJI Technology Co. Ltd, Trimble Navigation, Ursula Agriculture.
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Global Agriculture Drone Market Segmentation:
By Product: Based on the Product, Global Agriculture Drone Market is segmented as; Hardware, Software.
By Technology: Based on the Technology, Global Agriculture Drone Market is segmented as; GNSS, Obstacle
Detection and Collision Avoidance Technology, Drone Analytics, Others.
By Type: Based on the Type, Global Agriculture Drone Market is segmented as; Fixed Wing Drones, Multi-Rotor Drones, Hybrid.
By Components: Based on the Components, Global Agriculture Drone Market is segmented as; Flight Controllers, Propulsion Systems, Camera system, Batteries, Global Positioning system.
By Battery Life: Based on the Battery Life, Global Agriculture Drone Market is segmented as; < 30 Minutes, 30-60 Minutes, 60-100 Minutes, > 100 Minutes.