Zion Market Research

Agriculture Drone Market - Adoption of New Technology Is Expected to Offer New Growth Prospects to the Industry Growth

Zion Market Research has published a new report titled “Agriculture Drone Market (Fixed Wing, Rotary Blade, Hybrid, Data Management, Imaging Software, and Data Analysis) for Field mapping, Variable Rate Application (VRA), Crop Scouting, Crop Spraying, Livestock, Agriculture Photography and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”

 

Sarasota, FL -- (SBWIRE) -- 01/19/2018 -- According to the report, global agriculture drone market was valued at around USD 673.79 Million in 2015 and is expected to reach approximately USD 2,978.69 Million by 2021, growing at a CAGR of slightly above 28.11% between 2016 and 2021.

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Agriculture drone can be used in soil and field analysis, planting, crop spraying, crop monitoring, irrigation and others. Data generated by drones can help farmers to gain a more accurate & detailed view that how their crops are responding to their management strategies which may lead to the most effective use of limited resources. Different types of drones help to elevate agricultural efficiency.

Increasing applications of drone in agriculture sectors have influenced the industry to invest significantly in funding UAV-based startups. Also, increasing funding from venture-based firms for agricultural drones is fueling the market growth. However, lack of trained pilots and stringent regulations may restrain the growth of agricultural drones market over the forecast period.

Increasing technological advancements in equipment and need for enhancing the quality of the farming techniques have led increased implementation of agriculture drones are expected to drive the industry growth over the forecast period. Further, innovations in the GPS mapping field coupled with the advancements of solar power drone in agriculture sector is further fuelling the demand for agricultural drones. Drones have the potential to implement better plantation with crop rotation strategies and give crucial inputs related to the daily progress of crops which is further contributing to the market growth.

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Nonetheless, companies operating in drone software designing and manufacturing systems are collecting the data and incorporating them into drone which is further expected to surging the demand for agricultural drones. The data gathered from drones help the farmers to improve yields by monitoring fertilizer, or chemical supply water, and also able to map their fields, check for signs of disease, monitor crop health, and save time in the process. However, lack of trained pilots for operating the drones may impact the market growth.

Agriculture drone market is segmented by type, component, application and region. In term of type, agriculture drone market classified into the Fixed wing, Rotary blade, Hybrid, Data management, Imaging software, Data analysis Others. Component wise agriculture drone market is bifurcated into controller system, propulsion systems, camera systems, the navigation system, batteries and others. Based on application, global agriculture drone market is segmented into field mapping, variable rate application (VRA), crop scouting, crop spraying, livestock, agriculture photography and others.

Some of the key players in the agriculture drone market include GoPro, Google, Boeing DJI, Trimble Navigation Ltd., DroneDeploy, AgEagle LLC, AeroVironment, Inc., Agribotix LLC, AutoCopter Corp., 3DR, HoneyComb Corp., Parrot SA and Yamaha Motor.

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