Agriculture Drones Global Market Report 2024

Agriculture Drones Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on agriculture drones market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for agriculture drones? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The agriculture drones market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Fixed Wing; Rotary Blade; Hybrid
• 2) By Farming Environment: Outdoor; Indoor
• 3) By Farm Size: Small Farms; Mid-Sized Farms; Large Farms
• 4) By Application: Field Mapping; Variable Rate Application; Crop Spraying; Crop Scouting; Livestock; Agriculture Photography; Other Applications
• Companies Mentioned: SZ DJI Technology Co. Ltd.; Parrot Drones SAS; 3D Robotics Inc.; Yamaha Motor Co. Ltd.; DroneDeploy Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Agriculture drones, also known as unmanned aerial vehicles (UAVs), are deployed to perform diverse tasks on farms, aiding farmers in enhancing crop yields, reducing costs, and collecting essential agricultural data for purposes such as crop management, soil analysis, and crop damage assessments.

The primary types of agriculture drones include fixed-wing, rotary blade, and hybrid models, suitable for deployment in both indoor and outdoor environments across small, mid-sized, and large farms. Fixed-wing drones feature a single rigid wing providing lift and are particularly useful for aerial surveys and monitoring crop health, especially in large fields. These drones find application in field mapping, variable rate application, crop spraying, crop scouting, livestock monitoring, agriculture photography, and various other agricultural tasks.

The agriculture drone market research report is one of a series of new reports from The Business Research Company that provides agriculture drone market statistics, including agriculture drone industry global market size, regional shares, competitors with a agriculture drone market share, detailed agriculture drone market segments, market trends and opportunities, and any further data you may need to thrive in the agriculture drone industry. This agriculture drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The agriculture drones market size has grown exponentially in recent years. It will grow from $1.94 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 33.7%. The growth observed in the historical period can be attributed to the adoption of precision agriculture practices, governmental support and subsidies, considerations related to farm size and labor efficiency, advancements in crop health monitoring, the implementation of demonstration and awareness programs, the impact of a growing global population, and the increased utilization of mapping and surveying applications.

The agriculture drones market size is expected to see exponential growth in the next few years. It will grow to $7.62 billion in 2028 at a compound annual growth rate (CAGR) of 30.9%. The anticipated growth in the forecast period can be linked to factors such as climate change and the emphasis on sustainable agriculture practices, the adoption of automated spraying systems, customization tailored to specific crop types, educational and training initiatives, a growing emphasis on organic farming, the entry of new players into the market, and regulatory support and guidelines. Major trends expected in the forecast period encompass the use of multispectral and hyperspectral imaging, weather monitoring coupled with predictive analytics, the emergence of drone-as-a-service (DaaS) models, the utilization of drones for crop monitoring and inventory management, integration with artificial intelligence and machine learning, and the expansion of operations beyond visual line of sight.

The escalating demand for food is steering the expansion of the agriculture drone sector. This surge is a direct outcome of the increased need for sustenance among both human and animal populations. With a rising global populace, there's a mounting pressure for food supply. Agriculture drones present a multifaceted approach for farmers, enabling them to optimize irrigation, tackle pest issues, monitor crop health, and curtail labor costs, thereby augmenting crop yields. Projections by The Food and Agricultural Organization indicate a necessary 70% boost in global food production by 2050, in line with an estimated global population surge to 9.6 billion. This surge in food demand is a key driver for the growth of the agriculture drone market.

Anticipated growth in crop production is poised to drive the advancement of the agriculture drone industry. Crop production, encompassing the cultivation and harvesting of crops, serves the essential needs of human consumption and animal feed. The integration of agriculture drones in crop production is progressively enhancing farming efficiency, productivity, and sustainability. Recent data from the Food and Agriculture Organization indicates a two percent increase in global primary crop production, reaching 9.5 billion metric tons in 2021. This surge underscores the pivotal role of growing crop production in propelling the agriculture drone market.

A prominent trend reshaping the agriculture drone market is the surge in product innovations. Companies within this sector are focusing on pioneering advancements to maintain relevance and foster growth. Notably, market leaders are investing in smart drones and next-generation intelligent UAVs. For instance, in January 2022, Eavision, a US-based agricultural robotics company, unveiled the EA-30X, a smart agriculture drone equipped with dual-eye environment sensing technology. This innovation enables safe and continuous obstacle avoidance while providing full terrain coverage below a 90-degree angle. The drone's features encompass precision spraying at predetermined locations, intelligent path design, and suitability for agriculture operations in hilly terrains. The introduction of such cutting-edge features underscores the significant role of product innovation in driving the agriculture drone market's evolution.

Key players within the agriculture drones market prioritize the development of innovative solutions, notably high-performance drones, in response to the escalating demand for efficient and sustainable crop protection measures. These high-performance unmanned aerial vehicles (UAVs) are meticulously engineered to deliver superior flight capabilities, image precision, and heightened payload capacity compared to conventional drone models. SZ DJI Technology Co., Ltd., a prominent Chinese technology firm, exemplified this pursuit with the launch of the AGRAS T20 in December 2021. This versatile agricultural drone boasts an array of functionalities tailored to empower farmers in enhancing efficiency and productivity. Noteworthy features include an extensive flight duration of up to two hours, a robust payload capacity of 20 kilograms, a foldable design for easy transportation, and a dependable dual-battery system, amplifying its utility as an indispensable tool for farmers seeking advanced agricultural solutions.

In a strategic move in May 2021, Ondas Networks Inc., a US-based wireless networking service provider and Software Defined Radio (SDR) platform manufacturer, executed the acquisition of American Robotics Inc. The undisclosed acquisition aimed to seamlessly integrate American Robotics' Scout drone system into Ondas Networks' FullMAX platform. This integration facilitates diverse telecommunications standards across wide-area networks, enhancing the suite of industrial field operation services offered to its clientele. American Robotics Inc., recognized for its fully autonomous drones tailored for industrial and agricultural applications, stands as a pivotal addition in Ondas Networks' strategic vision to bolster its service offerings in the domain of autonomous aerial solutions.

Major companies operating in the agriculture drones market report are SZ DJI Technology Co. Ltd., Parrot Drones SAS, 3D Robotics Inc., Yamaha Motor Co. Ltd., DroneDeploy Inc., AgEagle Aerial Systems Inc., OPTiM Corporation, CropX Technologies Ltd., PrecisionHawk Inc., Delair-Tech SAS, Microdrones GmbH, Sky-Drones Technologies Ltd., Sentera Inc., Pix4D SA, Solvi Technologies, Thanos Technologies Private Limited, AeroVironment Inc., AGCO Corporation, AutoCopter Corporation, Honey Comb Corporation, Trimble Inc., FMC Corporation, Farm Solutions Limited, Farmbot, Farmdrones, Farmobile LLC, Flyability SA, Green Aero Tech Inc., H3 Dynamics Holdings Pte. Ltd., IntelinAir Inc.

North America was the largest region in the agriculture drones market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agriculture drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the agriculture drones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The agriculture drones market consists of sales of drones and their components such as propulsion systems, camera systems, batteries, and navigation systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.