The increasing support from the government towards technological advancement, growing awareness about precision farming, and the demand to enhance crop yielding are the most effective factors that are booming the agricultural drones market. Owing to these factors, the global agricultural drones market was valued to be $9.8 billion in 2018. The demand for agricultural drones will rise at a healthy compound annual growth rate (CAGR) of 8.20% during the forecast period of 2019 to 2025, according to a market intelligence report by IndustryARC’s analyst.The report is titled “[URL=https://industryarc.com/PressRelease/988/Agricultural-Drones-Market-Research.html]Agricultural Drones Market[/URL]: By Type (Fixed Wings, Rotary Wings, Hybrid Wings and Software type); By Components (Flight Controllers, Propulsion Systems, Camera System, Batteries and GPS); By Battery Life ( 30 Min, 30-60 Min, 60-100 Min and 100 Min); By Applications (Crop Analysis, Field Mapping, Agricultural Photography); By Geography – Forecast (2019 - 2025).”
Global Agricultural Drones Market: Leading Segments
North America accords for the largest dominance in the global agricultural drones market with a regional market share of 43% in 2018. The countries in North America are constantly investing ample money for R&D in order to enhance the adoption of agriculture drones. They are also spending money to render the UAV manufacturers in the region. In the agricultural field, many companies are also spending to develop efficient and economical UAV’s applications in order to boost farm efficiency.
Crop scouting is prevalently used as it helps in identifying the variability of the crop in the global agriculture market. The application is expected to grow at a healthy CAGR of 8.70% through to 2025.
View Full Table Of Content Of Agricultural Drones Market
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Global Agricultural Drones Market: Market Trends and Growth Drivers
DJI Technology: With the usage of DJI technology, the farmers are now being able to evaluate their crops at a specified scale and simultaneously create crop maps that eventually help them to manage crops and save time.
3D Robotics: The 3D robotics used in agricultural drones provides them with advanced sensors and imaging features which give them new ways to yield their crops and reduce the crop damage.
Artificial Technology and Machine Learning: They help the farmers in continually tweaking the crops to boost yields. It also helps the farmers in forecasting the year ahead about the weather conditions, and subsequently, take proactive actions in order to reduce the crop losses.
IoT on Individual Farms: IoT drones also leverage the algorithm of wind patterns.
Global Agricultural Drones Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global agricultural drones market are AeroVironment, Inc., 3D Robotics, SZ DJI Technology Co., Ltd., Aeronavics Ltd, Delair, PrecisionHawk, ZEROTECH, Microdrones, and Ascending technologies (Intel).
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.