(EMAILWIRE.COM, February 16, 2024 ) According to a research report “Agriculture Drone Market by Offering (Hardware, Software and Services), Components, Payload Capacity, Medium-weight drones, Heavy-weight drones, Farming Environment, Application, Farm Produce, Range, Farm Size and Region – Global Forecast to 2028″ published by MarketsandMarkets, the agriculture drone market is estimated at USD 4.5 billion in 2023 and is projected to reach USD 17.9 billion by 2028, at a CAGR of 31.5% from 2023 to 2028. The agriculture drone market is rapidly expanding, shaping modern-day agriculture practices. With the ability to gather real-time data and provide actionable insights, drones revolutionize crop management. They capture high-resolution images and collect data on crop health, soil conditions, and other crucial parameters, empowering farmers to make informed decisions. Precision spraying and targeted interventions minimize resource wastage, reduce environmental impact, and optimize yields. The integration of drones with smart farming systems further enhances their utility. The market’s growth is driven by increasing demand for efficiency, sustainability, and profitability in agriculture.
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The component segment, by Controller Systems, is expected to account for the largest share
Controller systems are expected to lead the agriculture drone market due to their crucial role in drone operation and control. They serve as the interface between the operator and the drone, enabling remote control, navigation, and data collection. Controller systems are evolving to support autonomous capabilities, reducing the need for manual control, and enhancing operational efficiency. They integrate and control various payloads and sensors, ensuring seamless communication and synchronization. User-friendly interfaces simplify drone operation, while safety features enable compliance with regulations. As the demand for precision agriculture grows, controller systems with advanced functionality, improved autonomy, and seamless payload integration are driving the agriculture drone market forward.
The application segment, by Livestock Monitoring, is expected to dominate the market with the largest share
Livestock monitoring is expected to lead the agriculture drone market due to its efficiency, cost-effectiveness, and ability to provide real-time data. Drones enable farmers to efficiently track animal movement, behavior, and health over large areas, reducing labor and costs. They can access remote locations and gather valuable data for analysis, optimizing grazing management and improving animal welfare. Livestock monitoring with drones enhances animal safety, aiding in the detection of distress or potential threats. These benefits, combined with the growing adoption of precision agriculture, contribute to the increasing prominence of livestock monitoring in the agriculture drone market.
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Asia Pacific is expected to account for the largest market share
The agriculture drone market industry has been studied in North America, Europe, Asia Pacific, South America, and the Rest of the World. Europe is poised to lead the agriculture drone market due to its favorable regulatory environment, government support, technological advancements, strong agricultural sector, and emphasis on sustainable farming practices. Clear regulations and government incentives promote the safe and responsible use of drones in agriculture. In 2021 the European Union (EU) has implemented initiatives like the Common Agricultural Policy (CAP) and the European Innovation Partnership for Agricultural Productivity and Sustainability (EIP-AGRI). These efforts, taken to promote precision agriculture and sustainable farming practices. Europe’s well-developed agricultural sector and demand for efficient farming practices drive the adoption of agriculture drones. The region is home to leading drone manufacturers and benefits from a supportive ecosystem of research institutions and industry collaborations, fostering innovation and knowledge sharing in the sector.
Major players operating in the agriculture drone market include DJI (China), PrecisionHawk (US), Trimble Inc. (US), Parrot (France), Bayer CropScience AG(Germany), Yamaha Motor Co., Ltd. (Japan), AgEagle Aerial Systems Inc. (US), DroneDeploy (US), Autel Robotics (US), Sentera (US), Optim Corporation (Japan), Microdrone (Germany), Aerialtronics (Netherlands), Delair (France), XAG Co., Ltd. (China), Skydio (US), AgroDrone AI (Brazil), Aries Solutions Pte Ltd (India), Wingtra (Switzerland), Lockheed Martin Corp (US), Gamaya (Switzerland), Atmos UAV (Netherlands), SKYX (Canada), SlantRange, Inc. (US) and Nileworks (Japan).
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the GIVE Growth principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23709764
The component segment, by Controller Systems, is expected to account for the largest share
Controller systems are expected to lead the agriculture drone market due to their crucial role in drone operation and control. They serve as the interface between the operator and the drone, enabling remote control, navigation, and data collection. Controller systems are evolving to support autonomous capabilities, reducing the need for manual control, and enhancing operational efficiency. They integrate and control various payloads and sensors, ensuring seamless communication and synchronization. User-friendly interfaces simplify drone operation, while safety features enable compliance with regulations. As the demand for precision agriculture grows, controller systems with advanced functionality, improved autonomy, and seamless payload integration are driving the agriculture drone market forward.
The application segment, by Livestock Monitoring, is expected to dominate the market with the largest share
Livestock monitoring is expected to lead the agriculture drone market due to its efficiency, cost-effectiveness, and ability to provide real-time data. Drones enable farmers to efficiently track animal movement, behavior, and health over large areas, reducing labor and costs. They can access remote locations and gather valuable data for analysis, optimizing grazing management and improving animal welfare. Livestock monitoring with drones enhances animal safety, aiding in the detection of distress or potential threats. These benefits, combined with the growing adoption of precision agriculture, contribute to the increasing prominence of livestock monitoring in the agriculture drone market.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=23709764
Asia Pacific is expected to account for the largest market share
The agriculture drone market industry has been studied in North America, Europe, Asia Pacific, South America, and the Rest of the World. Europe is poised to lead the agriculture drone market due to its favorable regulatory environment, government support, technological advancements, strong agricultural sector, and emphasis on sustainable farming practices. Clear regulations and government incentives promote the safe and responsible use of drones in agriculture. In 2021 the European Union (EU) has implemented initiatives like the Common Agricultural Policy (CAP) and the European Innovation Partnership for Agricultural Productivity and Sustainability (EIP-AGRI). These efforts, taken to promote precision agriculture and sustainable farming practices. Europe’s well-developed agricultural sector and demand for efficient farming practices drive the adoption of agriculture drones. The region is home to leading drone manufacturers and benefits from a supportive ecosystem of research institutions and industry collaborations, fostering innovation and knowledge sharing in the sector.
Major players operating in the agriculture drone market include DJI (China), PrecisionHawk (US), Trimble Inc. (US), Parrot (France), Bayer CropScience AG(Germany), Yamaha Motor Co., Ltd. (Japan), AgEagle Aerial Systems Inc. (US), DroneDeploy (US), Autel Robotics (US), Sentera (US), Optim Corporation (Japan), Microdrone (Germany), Aerialtronics (Netherlands), Delair (France), XAG Co., Ltd. (China), Skydio (US), AgroDrone AI (Brazil), Aries Solutions Pte Ltd (India), Wingtra (Switzerland), Lockheed Martin Corp (US), Gamaya (Switzerland), Atmos UAV (Netherlands), SKYX (Canada), SlantRange, Inc. (US) and Nileworks (Japan).
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the GIVE Growth principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
