In a recent published report, Kenneth Research has updated the market report for Agriculture Drone Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Agriculture Drone Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Agriculture Drone Market is estimated to reach $9,166 Million by 2025; growing at a CAGR of 29.8% from 2017 to 2025. Agriculture drones, better known as unmanned aerial vehicle (UAV) is the flying machine without the human pilot. It represents a new way to gather field level data. Drone technology might help farmers around the world to monitor their crops, look after destructive insect, and other animal that attacks crops, improve land tenure, food & livestock, crop spraying, soil and field analysis, irrigation and health assessment. It may fly at any climate condition, it is water resistant, but sometime picture quality can be damaged if images are taken during rainy weather. It can fly around 50 – 100m high; a special authorization is required above 50m high. It is expected that the use of drones will grow significantly in farming as they offer a wide range of applications to improve precision agriculture.
global-agriculture-drone-market-size-and-forecast-2016-2025. The primary factors fueling the growth of the global agriculture drone market are rising awareness about the advantages of agricultural drones, increase in venture funding, and advancements in technology for farming to gain better productivity. Additionally, necessity to improve the yield and government support to use advance technologies in agriculture have also stimulated the market growth. However, scarcity of trained pilots and air traffic management are hindrance of the growth of market. Moreover, increasing investments rendered to the manufacturers, by the venture firms, need for software and applications designed specifically for the agricultural sector and rising demand for drones from emerging countries would provide lucrative opportunities for the global agriculture drone market.
Component, product type, application and geography are the classifications of the global agriculture drone market. By component, the market is bifurcated into controller systems, propulsion systems, batteries, frames, camera systems, navigation systems and others (wires, connectors, power systems, carry cases, remote controls, sprayers, and sprinklers). Product type segment comprises hardware and software. Furthermore, application segment is segmented into variable rate application (VRA), livestock, agriculture photography, crop scouting, field mapping, crop spraying and other product types.
global-agriculture-drone-market-by-product-type-rd-image
Based on geography, the global agriculture drone market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Russia, Germany, France, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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global-agriculture-drone-market-regional-revenue-2017-vs-2025
Prominent players operating in the market include Yamaha Motor Co., Ltd., AeroVironment, Inc., DroneDeploy, AgEagle Aerial Systems, Agribotix LLC, AutoCopter Corp., Delair-Tech, Eagle UAV Services, HoneyComb Corporation, Trimble Inc. among others.
The key takeaways from the report
The report will provide detailed analysis of Global Agriculture Drone Market with respect to major segments such as component, product type, application and geography.
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Agriculture Drone Market has been included in the report
Profile of the key players in the Global Agriculture Drone Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Agriculture Drone Market
Component Segment
Controller Systems
Propulsion Systems
Batteries
Frames
Camera Systems
Navigation Systems
Others (Wires, Connectors, Power Systems, Carry Cases, Remote Controls, Sprayers, and Sprinklers)
Product Type Segment
Hardware
Software
Application Segment
Variable Rate Application (VRA)
Livestock
Agriculture Photography
Crop Scouting
Field Mapping
Crop Spraying
Other Product Types
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Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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