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The global agriculture drones market size was US$ 1.07 billion in 2021. The global agriculture drones market size is forecast to reach US$ 6.89 billion by 2030, growing at a compound annual growth rate (CAGR) of 22.5% during the forecast period from 2022 to 2030.
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Agriculture drones use spray drones to enhance crop production, crop monitoring, and operations efficiency in agriculture. Furthermore, drone sensors and digital imaging capabilities will provide farmers with an improved picture of their fields. In addition, abrupt climate change is creating new layers of complexity in the agriculture industry, which spurs the need for advanced solutions such as agricultural drones to boost crop yields and firm efficiency. Additionally, the aerial view obtained by drone farming provides a set of instructions that farmers use to identify problems such as soil variation, irrigation problems, and fungal infestations.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic has adversely affected the morale of farmers worldwide. In the midst of a month-long slump in food crop prices, farmers have lowered their expectations for the use of agricultural drones. The decline is due to the lockdown adversely affecting transportation systems and the loss of income resulting. Despite this, drone sales have gained momentum since the economies have returned to normal despite COVID-19. For enhancing agriculture productivity, several agritech companies have developed innovative models that make use of wireless platforms, such as drone technology, to enable real-time decision making with respect to yield monitoring, crop health monitoring, field mapping, irrigation scheduling, harvesting management, etc.
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Regional Insights
North America accounts for the largest share of the global market for agriculture drones. In this region, the adoption of sustainable farming solutions will propel the industry for agriculture drones. Additionally, the presence of leading vendors paired with advanced technological solutions in North America is forecast to boost the growth of the agriculture drones market in this region.
Leading Competitors
The leading prominent companies profiled in the global agriculture drones market are:
Scope of the Report
The global agriculture drones market segmentation focuses on Offering, Component, Application, and Region.
Segmentation based on Offering
Segmentation based on Component
Segmentation based on Application
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Segmentation based on Region
What are the key findings of the report?
•This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
•The report offers the current state of the market and future prospects for various geographical regions.
•This report provides both qualitative and quantitative information about the competitive landscape of the market.
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Updated : 2022-03-26 01:33 GMT+08:00
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