The Ability to Provide Better Production Yield to Boost the Global Agriculture Drones Market

Introduction

The global market of agriculture drones is expected to progress at a substantial pace over the forecast period. The need for better yield, performance-oriented operation of the agriculture drone, and the ability to inspect more land in less time to replace conventional processes is anticipated to promote market growth. The application is spraying pesticides and checking the status of soil in different farmland; sustainable farming operations are all the factors expected to propel the agriculture drones market's growth.

Key Highlights

• The global agriculture drones market is expected to grow at a compound annual growth rate (CAGR) of 24.35% during the forecast period.
• The decrement in the use of farmland and continuous development in need for food products has created a need to better the farmland's per hectare production. This situation is expected to promote sizable growth for the market.
• Due to the COVID-19 outbreak and restriction of social activities, increased time spending at home has increased the agriculture drones market's development. However, disruption in the supply chain can imbalance the demand and supply of agriculture drones.
• The market of North America is expected to cater to a significant share of the global market. Itis also anticipated registering a nice pace of development with remarkable growth due to the region's intense focus.The case study of usage in multiple farmlands in the region has generated positive results and help the farmers to strategically plan operations and working which is expected to encourage other farm operators to integrate automation in their farmland
• The field mapping segment to register a hold on a substantial share of the global market hold is mainly due to its application diversity. The field mapping application is useful for generating insights about small farmland and surveillance of bigger farming lands. The use of field mapping to generate tree cover region, the density of the production in the land and the crops' current health are vital information for productive farming operations.
• The development of technologically advanced products and increasing competition quotient, which brings more cost-effective products in the market, is expected to develop market growth over the forecast years.
• Increasing market fragmentation with a substantial influx and global manufacturers in multiple regions such as North America, Europe, and Asia-Pacific is anticipated to develop agriculture drones in the market.

Competitive Players

1. DJI (China)
2. PrecisionHawk (US)
3. Trimble Inc. (US)
4. Parrot Drones (France)
5. AeroVironment, Inc. (US)
6. Yamaha Motor Co., Ltd. (Japan)
7. AgEagle Aerial Systems, Inc. (US)
8. DroneDeploy (US)
9. 3DR (US), Sentera Inc. (US)
10. SlantRange (US)
11. ATMOS UAV (Netherlands)
12. Delair (France)
13. Nileworks Inc. (Japan)
14. OPTiM Corp. (US)

Recent Developments

• July 2024- Optiemus Unmanned Systems (OUS), a subsidiary of Optiemus Infracom Limited, has introduced a new series of drones that are designed and produced indigenously specifically for agricultural and mapping purposes.
• May 2024- Thanos Technologies, a prominent company in the field of agricultural drone technology, has announced a substantial partnership with the Indian Farmers Fertiliser Cooperative Ltd. (IFFCO). The establishment of this cooperation, formalized by means of a Memorandum of Agreement (MoA), is a significant and influential move towards the modernization of agricultural techniques throughout India.

Segmentation

1. By Component
   1. Software
   2. Hardware
2. By Type
   1. Rotary blade
   2. Hybrid
   3. Fixed-wing
3. By Applications
   1. Livestock
   2. Irrigation
   3. Precision Fish Farming
   4. Smart Greenhouse
   5. Field Mapping
4. By Deployment
   1. Outdoor
   2. Indoor