Agriculture Drones Market 2018-2028: Trends, Opportunities, and Forecasts | Techsci Research

The growing global population's demand for quality food crops is expected to drive significant growth in the global agriculture drones market during the forecast period. This market is expected to be propelled by increasing investments in agriculture drones and rising awareness of efficient farming techniques utilizing field survey and data analytics until 2028. The camera component is expected to experience the highest compound annual growth rate (CAGR) during the forecast period because it is a key component of the drone, and application-specific cameras, such as hyperspectral cameras, are utilized for various purposes like weed identification.

The market has been segmented into various applications, including crop spraying, field mapping, variable rate application (VRA), crop scouting, livestock, agriculture photography, and others. The crop spraying application segment is expected to grow at the highest rate during the forecast period, thanks to the precise application of fertilizers without disturbing the soil's fertility. North America dominates the global agriculture drones market due to the early adoption of drones in farming and the presence of major players in the region. In Asia Pacific, countries like India, China, Japan, and Australia are expected to drive the agriculture drones market due to high investment in research and development and increasing initiatives to deploy drones.

Leading players in the global agriculture drones market, including SZ DJI Technology Co., Ltd., Ursula Agriculture Limited, Agribotix LLC, Eagle Uav Services, Parrot SA, PrecisionHawk, Inc., Aerovironment Inc., DroneDeploy, Inc., Honeycomb Corporation, and 3DR Ltd, among others, are utilizing both organic and inorganic strategies to increase their market share.

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Objective of the Study:

• To analyze and forecast the market size of global agriculture drones market, in terms of value and volume.
• To classify and forecast global agriculture drones market based on type, component, application and regional distribution.
• To identify drivers and challenges for global agriculture drones market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global agriculture drones market.
• To conduct the pricing analysis for global agriculture drones market.
• To identify and analyze the profile of leading players operating in the global agriculture drones market.

For this study, TechSci Research conducted both primary and exhaustive secondary research. Initially, TechSci Research compiled a list of manufacturers worldwide, followed by primary research surveys with the identified companies. During the interviews, TechSci Research also asked about their competitors to include manufacturers that were not identified during the secondary research phase. TechSci Research analyzed the service offerings, distribution channels, and global presence of all major manufacturers.

To calculate the market size of the global agriculture drones market, TechSci Research utilized a bottom-up approach. Data for various applications across various technologies were recorded and forecasted for future years, with these values sourced from industry experts and company representatives. Historical data for these product types and applications were also analyzed externally to validate the forecasts and obtain an appropriate overall market size. Additionally, TechSci Research studied various secondary sources, including company websites, news articles, press releases, annual reports, investor presentations, and financial reports.

Key Target Audience:

• Agriculture drones manufacturers and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to agriculture drones market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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