Agricultural Drone Market Size-By Product (Hardware [Fixed Wing, Multi Rotor, Hybrid], Software [Data Management, Imaging, Data Analytics]), Application (Field Mapping, Variable Rate Application, Crop Scouting), Regional Outlook & Forecast, 2023-2032

List of Tables

Agricultural Drone Market size is estimated to expand at 20.1% CAGR from 2023-2032 driven by favorable government initiatives for promoting the adoption of advanced agricultural technologies.

The influx of subsidies, grants, and regulatory frameworks facilitating the use of agricultural drones is contributing to increased affordability for farmers. With several governments promoting awareness campaigns, training programs, and collaborative research for fostering a conducive environment for the integration of drones in farming practices, the industry is set to witness steady growth. To cite an instance, the Indian Government through its Drone Didi Yojana, seeks to offer drones to 15,000 selected women Self Help Groups between 2024-2025 and 2025-2026 to facilitate rental services to farmers for agricultural purposes.

The agriculture drone industry is segmented into product, application, and region.

Based on product, the market share from the software segment generated substantial revenue in 2022 and is expected to gain significant traction from 2023-2032. Advanced agricultural drone software helps to enhance data analytics for allowing farmers to derive actionable insights for precision farming for offering features, such as crop monitoring, yield prediction, and field mapping. Additionally, the integration with ML algorithms will further contribute to the increasing adoption of agricultural drone software solutions for optimizing the agricultural practices.

In terms of application, the agricultural drone industry from the crop scouting segment is anticipated to witness high demand through 2032. Agricultural drones are essential in crop scouting as they provide farmers with aerial insights into crop health for identifying diseases and pest infestations alongside monitoring the overall crop conditions. The growing awareness about the benefits of the efficiency and precision offered by drones in crop scouting is also likely to surge the product demand.

Regionally, the Asia Pacific agricultural drone industry is set to exhibit robust growth between 2023 and 2032 owing to the increasing adoption of precision agriculture practices due to the rising need for enhanced crop yield. The growing government initiatives for supporting several technologies in agriculture and the favorable regulatory frameworks have led to a surge in the number of investments. Moreover, the increasing adoption of modern farming techniques by farmers across the region is providing potential growth opportunities to several market players, boosting the industry growth. For instance, in November 2023, DJI, a Chinese drone manufacturer, launched two new drone models for uses in a variety of applications to help with agricultural productivity.

Product Code: 253

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Agriculture drone market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Product trends
2.5 Application trends

Chapter 3 Agriculture Drone Market Industry Insights

3.1 Impact on COVID-19
3.2 Russia-Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/collaboration
- 3.8.2 Merger/acquisition
- 3.8.3 Investment
- 3.8.4 type launch/innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Venture capital investment in drone technology
  - 3.10.1.2 Increasing use cases of drone in agricultural applications
  - 3.10.1.3 Increasing affordability in design and integrated data
  - 3.10.1.4 Advancement in design and integrated data intelligence
  - 3.10.1.5 Strong Chinese market and growing demand from developing economies
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Stringent government regulations
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 DJI
- 4.3.2 Intel
- 4.3.3 Yuneec
- 4.3.4 AeroVironment Inc.
- 4.3.5 DroneDeploy
- 4.3.6 Parrot
- 4.3.7 Precisionhawk
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Agriculture Drone Market Estimates & Forecast, By Product (USD Million)

5.1 Key trends, by product
5.2 Hardware
- 5.2.1 Fixed wing
- 5.2.2 Multi rotor
- 5.2.3 Hybrid
5.3 Software
- 5.3.1 Data management
- 5.3.2 Imaging
- 5.3.3 Data analytics
- 5.3.4 Others

Chapter 6 Agriculture Drone Market Estimates & Forecast, By Application (USD Million)

6.1 Key trends, by application
6.2 Field mapping
6.3 Variable rate application
6.4 Crop Scouting
6.5 Others

Chapter 7 Agriculture Drone Market Estimates & Forecast, By Region (USD Million)

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Netherlands
- 7.3.7 Nordics
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Southeast Asia
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
7.6 MEA
- 7.6.1 UAE
- 7.6.2 Israel
- 7.6.3 South Africa

Chapter 8 Company Profiles

8.1 3D Robotics
8.2 AeroVironment, Inc.
8.3 AGCO Corporation
8.4 AgEagle Aerial Systems
8.5 Agribotix
8.6 Delair
8.7 DJI (Dà-Ji?ng Innovations)
8.8 DroneDeploy
8.9 Parrot
8.10 PrecisionHawk
8.11 Quantum Systems
8.12 senseFly
8.13 Sentera
8.14 Skycatch
8.15 Yamaha Motor Co., Ltd