Agricultural drones are unnamed aerial vehicles that are used to survey farms. It helps the farmers in collecting, storing, and then examining it to monitor irrigation management.
AGRICULTURAL DRONE MARKET OVERVIEW
The agricultural drone market share is anticipated to grow from USD 4.1 Billion in 2020 to USD 8.3 Billion in 2028, with a compound annual growth rate of 27.4% during the period of assessment.
Agricultural drones are unnamed aerial vehicles that are used to survey farms. It helps the farmers in collecting, storing, and then examining it to monitor irrigation management. These drones help in precision control over the use of chemicals and fertilizers which found their application in the plantation of crops. With the help of these drones, the farmers can get an actual viewpoint of their field and proceed accordingly.
The coronavirus pandemic has given a very hard time to most of the manufacturing, developing, production, and logistic units of the market. Due to this pandemic situation, restrictions were imposed by the government of different countries. The response to this pandemic situation by the government of different countries has disrupted the manufacturing and global supply chains of every single material used in the manufacturing of such types of drones. Also, if this pandemic situation exists for a long period then it is anticipated that there will be a shortage of these drones and the material of which they are made in the market. But on the other hand, the already existing drones in the market are being used regularly and more demand for such drones is balancing the losses suffered by the key players of this market. It is anticipated that once these restrictions are lifted this industry will witness massive growth in a very short period.
To get a detailed and profound idea about the agricultural drone market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the country. All the market players are competing with each other globally in the international markets by implementing various types of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc. The prime players of this market include: -AERO VIRONMENT INC. (US) DJI (CHINA) PARROT DRONES (FRANCE) TRIMBLE INC. (US) YAMAHA MOTOR COMPANY (JAPAN) 3D ROBOTICS (CALIFORNIA) AERYON LABS (CANADA) AGEAGLE AERIAL SYSTEMS, INC. (US) AVULAR BV (NETHERLANDS) BLUE SKY AGRO (INDIA) DRAGANFLY INNOVATIONS (CANADA) DRONEDEPLOY (US) EFFIDENCE (FRANCE) PRECISIONHAWK (US) RESSON AEROSPACE CORPORATION (CANADA) SENTERA, INC. (US)
Agricultural drone market share is anticipated to witness significant growth owing to the performance of different market segments. Among these, the propulsion segment will be the fastest-growing and also contribute towards this market growth more than any other segment. The reason behind the growth of this segment is that a better propulsion system increases the mobility of drones which is essential for proper and precise monitoring of the field and the yield. Also, the hardware segment will highly contribute towards the growth of this market as with the help of this system the drones can spend more time in the air. The field mapping segment will also witness good growth during the assessment period due to the rising adoption of drones in achieving precision farming. For an amplifying use the market has been segmented into the following on different bases:
Based on the type of system, it has a controller, camera, propulsion, and navigation system.
Based on application, it has field mapping, crop scouting, crop spraying, livestock monitoring, agricultural photography, and variable rate application.
Based on the type of component, it has hardware and software. The hardware segment is further segmented into fixed-wing, hybrid, and rotary wings. Also, the software segment is further classified into data analysis, imaging software, and data management.
The agricultural drone industry movement is remarkably working in 6 major regions of the world that is North America, South America, Asia Pacific, Europe, and the Middle East & Africa. Among all these regions, the North American region will dominate this market, and the reason attributed to it is the rising demand for the cultivation of high-value crops such as garlic, herbs, and wine grapes. Also, the increasing adoption of smart agriculture techniques is another factor responsible for the growth of this industry in this region. The Asia Pacific region will be the second-largest market due to the rising population and availability of ploughable farms in this region.
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