The global agricultural drone market size reached US$1,122 million in 2021. Looking forward, IMARC Group expects the market to reach US$7,059 million by 2027.
SHERIDAN, WYOMING, USA, Nov. 10, 2022 /EINPresswire.com/ — According to IMARC Group latest report “Agricultural Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 the global agricultural drone market size reached US$1,122 million in 2021. Looking ahead, IMARC Group expects the market to reach US$7,059 million by 2027, posting a growth rate (CAGR) of 35.77% in 2022-2027.
Agricultural drones are unmanned aerial vehicles that are lightweight, water resistant and facilitate operability in different weather conditions. They consist of a frame, a controller, a propulsion, a camera, a navigation system, a battery, a cable, a connector, a system of power supply, a carrying case, a sprayer, a Generalized System of Preferences (GSP) module and a sprinkler. They also include digital imaging capabilities which are used to offer a wider picture of the field. They also help capture high-resolution crop images to optimize inputs, such as seed, fertilizer, and water, save time for crop scouting, and improve real-time variable rate prescriptions.
In addition to this, agricultural drones help monitor threats, such as weeds, pests, and fungi, which can hamper yield production. As a result, the demand for agricultural drones is increasing significantly around the world. These drones also find application in agricultural operations to optimize agricultural production. In addition, they deploy higher quality and accurate images in real time and are used to solve various problems, such as soil erosion and irrigation problems. Currently, they are available in fixed, rotary and hybrid wings and widely used in precision farming, livestock monitoring, smart greenhouses and irrigation.
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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Growing global population and increasing food consumption are driving the need for crop optimization, which represents one of the key factors positively influencing the market. In addition, the increasing prevalence of malnutrition among children due to limited food supply and scarcity of arable land is driving the need for agricultural products worldwide. Apart from this, the growing awareness among farmers about the benefits of using agricultural drones to minimize labor intensive works, such as spraying pesticides and monitoring crop growth, is boosting the market growth. Additionally, the implementation of vital electronics, such as sensors, electronic speed controllers (ESC), light detection and ranging (LiDAR), motor and software, coupled with an upgrade continues in the electronics sector, gives impetus to the market. growth. Additionally, the easy availability of drones across both online and offline distribution channels coupled with door-to-door delivery and secure payment gateways is bolstering the growth of the market. With this in mind, increasing investment in research and development (R&D) activities to integrate a wide variety of sensors and equipment to meet the specific needs of the agricultural sector is bolstering the growth of the market. Moreover, the favorable initiatives implemented by the governments of various countries to offer precise agricultural solutions, coupled with the high precision and low cost of drones, are catalyzing the demand for agricultural drones globally.
Key Market Segmentation:
IMARC Group provides an analysis of key trends in each sub-segment of the global agricultural drones market, along with forecasts at the global, regional and country levels from 2022 to 2027. Our report has categorized the market based on supply, component, agricultural environment and application.
Break by offer:
Data management software
Data analysis software
Breakdown by component:
Breakdown by agricultural environment:
Breakdown by application:
Variable rate application
Market Breakdown by Region:
North America (USA, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive landscape with a key player:
3D Robotics Inc.
AgEagle Aerial Systems Inc.
American Robotics Inc. (Ondas Holdings Inc.)
Parrot Drone SAS
PrecisionHawk, Trimble Inc.
Yamaha Motor Co. Ltd.
Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market drivers and success factors
Impact of COVID-19
Value chain analysis
Complete mapping of the competitive landscape
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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as industry consumer behaviors around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
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