Seattle, WA -- (SBWIRE) -- 10/18/2019 -- Agriculture drones have the capability of collecting high-quality data and are easy to use compared to other smart agriculture techniques such as satellite imagery. In addition, drone data processing tools are becoming less expensive and easier to use. These advantages, along with the increasing awareness, propel the growth of the market.

The global Agriculture Drones market was estimated at USD$ 802.8 Million in 2016, and is anticipated to reach USD$ 2957.9 Million by 2021, expanding at a CAGR of 29.8% between 2017 and 2021. Farmers are increasing implementing this technology, in farming, to gain better productivity and efficiently use water, land, and fertilisers. Furthermore, the technological, including sensors, better materials, and imaging capabilities, are also expected to fuel the agricultural sector.

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Based on the products, the market is segmented into fixed wing, rotary blade, and hybrid. The fixed wing UAVs are expected to lead the industry over the forecast period, owing to their ability to carry heavy payloads and cover long distances.

The hybrid UAVs are anticipated to grow significantly with a CAGR of over 35% from 2017 to 2021, owing to the capability of covering long distances, with hover, over the fields. The proliferation of economical navigation and visualisation, which include inspection and mapping, has helped the farmers in monitoring the fields.

The market for crop spraying application is expected to grow at the highest rate between 2017 and 2021. The increasing adoption of drones for crop spraying application would increase the yield and reduce the wastage of crops and fertilisers & pesticides. This is a key factor responsible for the expected growth of the market for crop spraying application.

The North America agriculture drones market is expected to remain the key revenue generating region with a prevalent share of the industry. The increasing adoption of the drones, in various applications including spraying, seeding, and livestock farming, has led to the enormous market share.

The Asia Pacific agriculture drone market is anticipated to witness a significant growth over the forecast period, owing to the increasing investments in R&D in the region.

Agriculture Drones Report by Material, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

Key Market Players
DJI, PrecisionHawk, Trimble Inc., Parrot Drones, 3DR, AeroVironment Inc., Yamaha Motor Corp., DroneDeploy, AgEagle Aerial Systems Inc., and OPTiM Corp. are some of the major players in the agriculture drones market. Major innovators in this market are senseFLY, Pix4D, Agribotix, Sentera Inc., ATMOS UAV, Delair and Nileworks Inc.

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