Agriculture Drones Market by Offering (Hardware, Software, Services); by Component (Frames, Controller Systems, Propulsion Systems, Camera Systems, Navigation Systems, Batteries, Others); by Application (Precision Farming, Livestock Monitoring, Precision Fish Farming, Smart Greenhouse, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2021 to 2027

Date : Oct 2021

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Report ID : 785

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Category : Semiconductor & Electronics

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Report Format:  PDF EXCEL PPT WORD

The Global Agriculture Drones Market was valued at USD 1.2 Bn in 2020 and is expected to reach USD 5.4 Bn by 2027, with a growing CAGR of 24.2% during the forecast period.

Global Agriculture Drones Market Overview:

A drone is also known as Unmanned Aerial Vehicles (UAVs). Agriculture drones are Remotely Piloted Aircraft Systems (RPAS) that includes manual activities and provide crop status and livestock movement in real-time. They include propulsion systems and programmable controllers with satellite navigation to remotely manage wireless communication and travel a predefined direction through the usage of complicated algorithms. They are retrofitted with exceptional payloads of sensors with digital imaging capabilities, including multispectral, high-resolution camera systems, and actuators. As a result, they are extensively utilized for field surveying, crop scouting, spraying, spreading, and surveillance in livestock and fisheries.

Agriculture Drones Market

Global Agriculture Drones Market Dynamics:

The growing population across the globe is one of the significant factors that drive the market growth. For instance, according to the Food and Agriculture Organization (FAO) report “Global Agriculture Towards 2050”, it is stated that the global population is projected to reach 9.1 Bn by 2050, and to feed this population, food production should be increased by at least 70%. Traditional farming techniques and decreasing farm labor availability are making agriculture economically unviable and inefficient. As a result, modernization and automation have emerged as an advantageous trend in agriculture, as it is the most effective way to feed the teeming population.

In addition, the various benefits of using drones in agriculture such as scouting/monitoring plant health, monitoring field conditions, planting & seeding, spray application, security and others propel the growth of the agriculture drones market throughout the forecast period. Moreover, the increase in the adoption of drones for precision farming and the rise in venture funding for the deployment of agriculture drones increases the market size of the agriculture drones market. 

The Global Agriculture Drones Market Segmentation:

By Offering

  • Hardware
  • Software
  • Services

By Component

  • Frames
  • Controller Systems
  • Propulsion Systems
  • Camera Systems
  • Navigation Systems
  • Batteries
  • Others

By Application

  • Precision Farming
  • Livestock Monitoring
  • Precision Fish Farming
  • Smart Greenhouse
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Agriculture Drones Market Company Profiles and Competitive Intelligence:

  • Parrot Drone SAS
  • DJI
  • AeroVironment, Inc.
  • AgEagle Aerial Systems Inc.
  • Yamaha Motor Co., Ltd.
  • 3DR
  • Trimble Inc.
  • Avular
  • DraganFLY Inc
  • PRECISIONHAWK
  • DroneDeploy
  • Sentera
  • RESSON
  • MICRODRONES
  • American Robotics, Inc.

Based on the offering, the software and services segment market is growing at a significant rate during the forecast period due to the high investment by prominent players

Based on the offering, the agriculture drones market has been segmented into hardware, software, and services. The software and services segment is growing at a significant rate during the forecast period. The growth in the segment is attributed to the high investment by prominent players. The investments from venture capitalists and investors in the start-up companies offering software and analytics to digitize the information collected by drones; the investments are mainly targeted at mapping, imaging, and data analytics software.

Based on the component, the camera systems segment account for the largest market share during the forecast period due to the increasing technological advancements

Based on the component, the global agriculture drones market has been segmented into frames, controller systems, propulsion systems, camera systems, navigation systems, batteries, and others. The camera systems segment account for the largest market share during the forecast period. The growth in this segment is attributed to the increasing technological advancements such as resolution, sensors, and integration of Artificial Intelligence (AI). A camera system is a key element of an agriculture drone due to the fact its specifications decide the application for which the drone is to be used. For instance, the hyperspectral camera is best suitable to analyze weed intrusion in farms, while the LIDAR camera is exceptional to show slopes and sun exposure on farms.

Based on region, the Asia Pacific is anticipated to grow at the highest CAGR during the forecast period owing to the increasing population in the region

Based on region, the global agriculture drones market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is anticipated to grow at the highest CAGR during the forecast period. The growth in the region is mainly attributed to the increasing population. For instance, according to the United Nations Report published in 2021, the population of the Asia Pacific region is around 4 Bn which is equivalent to 59.76% of the total world population. The rate of adoption of smart agriculture techniques is likely to grow at a high pace in this region, mainly in the countries such as India, China, and others. Moreover, the availability of arable lands and government support through subsidies are the major factor that accelerates the growth of the agriculture drones market in the region. For instance, India has one of the highest arable lands across the globe with over 155 million hectares and is one of the prominent agriculture producers.

The report also provides an in-depth analysis of agriculture drones market dynamics such as drivers, restraints, opportunities, and challenges:

Drivers

  • Increasing venture funding for the development of agriculture drones
  • Increase in adoption of precision farming solutions
  • Growing demand for food production and consumption
  • Increasing automation in agriculture

Restraints

  • Air traffic management
  • High costs associated with UAVs

Opportunities

  • Exemptions by US FAA for the use of agriculture drones

Challenges

  • Standardization of communication Interfaces and protocols for precision agriculture

COVID-19 Impact on the Agriculture Drones Market Analysis:

The COVID-19 pandemic has impacted various industries such as oil & gas, manufacturing, retail, and others due to the strict lockdown imposed by governments across the globe. The agriculture drones market in the COVID-19 era affected the most owing to the shutdown of the manufacturing plant or the plants are operating with the limited workforce to limit the spread of the COVID-19, this might be impacted the market growth. Moreover, the disruption in the supply chain of the products resulted in the decline of sales, which impacted the growth of the market. However, post COVID-19 era, the market gain traction due to the increasing necessity of automated fertilizer sprayers, seeding drones, and planting small drones.

*Note: A detailed analysis specific to the agriculture drones market will be provided in the report

The report also provides an in-depth analysis of key trends in the agriculture drones market:

  • Use cases for drones in agriculture continue to grow
  • Driving UAS agricultural efficiency

The report also provides an in-depth analysis of recent news developments and investments:

  • In March 2020, AeroVironment, Inc. entered into a partnership with Draganfly for Draganfly’s distribution of AeroVironment’s Quantix Mapper systems to commercial markets across the globe. The agreement also covered the continuation of other contract engineering services provided through Draganfly to AeroVironment.
  • In September 2019, Sentera introduced an expanded partnership with Crop Risk Services (CRS), an AIG corporation and the leading primary crop insurance managing well-known agent. The partnership will offer CRS adjusters, agents, and customers with precise, efficient aerial imaging and analytics equipment that help greater accurate coverage, fast & accurate claim adjustment, and streamlined audit-associated recordkeeping.

Frequently Asked Questions (FAQs)

What is the market size of the global agriculture drones market?

The global agriculture drones market was valued at USD 1.2 Bn in 2020 and is anticipated to reach USD 5.4 Bn by 2027.

What is the estimated market growth rate of the agriculture drones growth?

The agriculture drones market is estimated to grow at a compound annual growth rate (CAGR) of 24.2% during the forecast period.

What is the share of Asia Pacific in the agriculture drones industry?

The Asia Pacific is projected to grow at the highest CAGR during the forecast period.

Who are the prominent players in the agriculture drones industry?

A few key players include, but are not limited to Parrot Drone SAS, DJI, AeroVironment, Inc., AgEagle Aerial Systems Inc., Yamaha Motor Co., Ltd., 3DR, Trimble Inc., Avular, DraganFLY Inc, and PRECISIONHAWK

What are the restraints for the agriculture drones market growth?

Lack of skilled labor is the major restraining factor that hampers the growth of the market.

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Table of Contents Agriculture Drones Market:

Market Introduction

  • Definition
  • Scope Of The Study
  • List Of Assumptions
  • Market Structure
  • Scope of the Study: Segmentation 
  • Timeframe, Currency and Limitations

Research Methodology

  • 3P Research Approach
  • Market Sizing Approach
  • Data Sources
  • Primary Research Coverage

Executive Summary

  • Market Summary
  • Market Snapshot
  • Regional Snapshot
  • Country Snapshot

Premium Insights

  • Key Trend Analysis
  • New revenue Pockets
  • Pain Point Analysis
  • Company Market Share Analysis, by Region
  • Strategies Adopted-Benchmarking Heat Map
  • Regulatory Landscape
  • PESTEL Analysis
  • Regional Lifecycle
  • Competitive Benchmarking

Market Overview & Competitive Landscape

  • Competitive Landscape
  • Investment Scenario by key Players
  • Key Player Overview
  • Product comparison
  • Player Wise Geographic Presence
  • Player Wise Target Customer Segment
  • Recent News
    • Product Launches & upgrades
    • R&D / Innovation
    • Merger & Acquisition
    • JV & Partnership
    • Recognition and others

Market Segmentation (Market Size and Share Analysis)

  • Global Market Size & Historic Growth
  • Market Size by Offering
    • Hardware
    • Software
    • Services
  • Market Size by Component
    • Frames
    • Controller Systems
    • Propulsion Systems
    • Camera Systems
    • Navigation Systems
    • Batteries
    • Others
  • Market Size by Application
    • Precision Farming
    • Livestock Monitoring
    • Precision Fish Farming
    • Smart Greenhouse
    • Others

Market Dynamics

  • Market Drivers
  • Opportunities
  • Value Chain Analysis
  • Pricing Analysis

COVID – 19 Opportunity Mapping

  • Key Drivers & Anticipated Revival Period
  • Key Trends Analysis
  • Impact on End user Industry
  • Opportunity Analysis

Regional Market Analysis

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • GCC
    • Rest of MEA

Company Profiles

  • Parrot Drone SAS
    • Company Fundamentals
    • Financial Analysis (Subject to Availability)
    • Product Portfolio
    • SWOT Analysis
  • DJI
  • AeroVironment, Inc.
  • AgEagle Aerial Systems Inc.
  • Yamaha Motor Co., Ltd.
  • 3DR
  • Trimble Inc.
  • Avular
  • DraganFLY Inc
  • PRECISIONHAWK
  • DroneDeploy
  • Sentera
  • RESSON
  • MICRODRONES
  • American Robotics, Inc.

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