Last Updated, Mar 9, 2022, 5:08 PM 7Newswire
Agriculture Drones Market Global Trend, Demand, Scope, Growth Analysis and Industry Forecast 2021 -2028
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The global Agriculture Drones market is forecasted to be worth USD 9.63 Billion by 2027, according to a current analysis by Emergen Research. The rise in demand for unmanned aerial vehicles, mainly due to the advancement in technology. These drones are used to perform surveys on farms, and it is used to collect information, store for future purposes, and to combine and to use it for analysis. These drones are also applicable in maintaining the precision of the level of pesticides and insecticides used on the crops. They are also used to monitor the irrigation system and labor performance.

Certain factors such as a high level of awareness regarding agricultural drones, advancements in farming technology, and investments into venture funding, which boosts productivity. The growth in yield and initiative took by the government across the globe to support the market will foster the agricultural drones market.

The study is a professional probe into the revenue generated and capacity estimates for the Agriculture Drones market for the forecast period 2021 – 2028 empower the business owners to maintain a competitive edge over their rivals. The research further examines and provides data on the market by type, application and geography interspersed with illustrations and other graphical representations. The market analysis not only determines the attractiveness of the industry but also the evolving challenges and opportunities and their association with the weaknesses and strengths of prominent market leaders. Other factors taken into consideration when studying the industry include profitability, manufacturing capability, distribution channels and industry cost structure and major success factors. 

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Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.

Prominent Players Analyzed in the Report:

  • Honeycomb Corporation, Parrot SA, Ageagle LLC, DJI Technology, AeroVironment Inc., Yamaha Motor Co. Ltd., Ursula Agriculture, Delair-Tech SAS, Trimble Navigation Limited, and PrecisionHawk, among others.

The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2021-2028. According to the regional analysis, the market is primarily spread over key geographical regions as follows:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Highlights from the Report

  • In June 2020, the Indian Agricultural Department announced its plan for the deployment of drones in the areas of Rajasthan, India, as well as in the areas of the monsoon period for the anti-locust operations. The locust attack leads to massive crop destruction.
  • The hardware segment held a significant market share of 52.8% in the year 2019. On June 5, 2019, Amazon announced the release of its latest hybrid drone, which uses a combination of depth cameras, thermal cameras, and sonar to detect any hazards.
  • The smart greenhouse segment uses agricultural drones for safe inspection of structural components. Farmers use live video feed so that they can safely inspect the structural systems from the ground.
  • The navigation system is forecasted to grow with a CAGR of 35.1% as drones are equipped with advance GPS, high-imaging camera, and an autopilot system also offers ample aerial shots.

To know more about the report, visit https://www.emergenresearch.com/industry-report/agriculture-drones-market

The study segments the complete Agriculture Drones market on the basis of different application, end-use, end-user, and production capability. From a business standpoint, the industry has been thoroughly examined across various countries located in North America, Europe, Asia-Pacific, and others. The size of the industry for the forecast period 2021 – 2028 is evaluated on the basis of current sales figures and past financial report can be used to forecast the future sales.

For the purpose of this report, Emergen Research has segmented into global Agriculture Drones Market on the basis of component, integrant, application, and region:

  • Component Outlook (Revenue, USD Billion; 2017-2027)
    • Hardware
      1. Fixed Wing Drones
      2. Rotary Blade Drones
      3. Hybrid Drones
    • Software and Services
      1. Data Management Software
      2. Imaging Software
      3. Data Analytics Software
      4. Others
  • Integrant Outlook (Revenue, USD Billion; 2017-2027)
    • Propulsion System
    • Controller System
    • Camera System
    • Frames
    • Navigation System
    • Batteries
    • Others
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Crop Scouting
    • Field Mapping
    • Livestock Monitoring
    • Smart Greenhouse
    • Crop Spraying
    • Others

Overview of the Agriculture Drones Market Report:

  • Introduction, Product Scope, Market Overview, and Opportunities
  • Analysis of the Manufacturers with sales, revenue, and price analysis
  • Comprehensive analysis of the competitive landscape
  • Extensive profiling of the key competitors along with their business strategies and market size
  • Regional analysis of the market along with sales, revenue, market share, and global position
  • Country-wise analysis of the market along with types, applications, and manufacturing
  • Strategic recommendations to established players as well as new entrants
  • In-depth analysis of the risks, restraints, and limitations in the Agriculture Drones industry

Quick Buy –  Agriculture Drones Market Research Report: https://www.emergenresearch.com/select-license/334

The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

The research provides answers to the following key questions:

  • What will be the size and the growth rate of the Agriculture Drones market for the forecast period 2021 – 2028?
  • What are key drivers believed to shape the future of the market during the estimated period?
  • What are the prominent industry players dominating the Agriculture Drones market during the forecast period?
  • What are the major trends influencing the development of the industry?
  • What are the key challenges likely to hinder the progress of the market?
  • What are major opportunities and threats encountered by the business owners operating in the business vertical?

Thank you for reading our report. Please connect with us to know more about the report or the customization of the report. Our team will ensure the report is best suited to meet your requirements.

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