Pune, India -- (SBWIRE) -- 10/17/2018 -- Agricultural Drones Market is expected to reach approx. USD 4.3 Billion by 2022
Agricultural drones make farming activity smarter by providing quick information about soil, seeds, livestock, crops, costs, farm equipment, use of water and fertilizer in order to improve farm planning. These drones give global farming a makeover. The modern practices of agriculture is driven by technology and tools like global positioning system (GPS), automated sensors and high-tech machineries which has led to the growth of agricultural drones in this market. These drones assist farmers by collecting information on plant level and creating advice on square meters instead of field level. With the help of these drones farmers get accurate and up-to-date information on health of crops and the environmental condition of land.
According to Market Research Future Analysis, Agricultural Drones Market has been valued at USD ~4.3 Billion by the end of forecast period with ~27% of CAGR during forecast period 2016 to 2022.
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According to segmentation, agricultural drone market is segmented on the basis of component and application. The component segment consists of hardware and software sub-segments. The application segment consists of field mapping, crop scouting, variable rate application, crop spraying, livestock and agricultural photography. By application segment, agricultural drones used for crop spraying are suitable for all kinds of terrain, crops and plantation of varying heights. The drones used for crop spraying fly at low altitude and can be controlled in any sight of distance range. Accurate crop spraying ensures good coverage and application of chemicals and fertilizers on lands.
Key Player
Market Research Future (MRFR) recognizes the following companies as the key players in the agricultural drones market are:
- Yamaha Motor Company (Japan)
- Da-Jiang Innovations Science & Technology Corporation Ltd (China)
- Aero Vironment Inc. (U.S)
- Avular Bv (Netherlands)
- Resson Aerospace Corporation (Canada)
- Effidence (France)
- Aeryon Labs (Canada)
- 3D Robotics (U.S.)
- Draganfly Innovations (Canada)
- Precisionhawk (U.S.)
- Blue Sky Agro (India)
- others
Intended Audience
- Agricultural drone manufacturers
- Agricultural ministry
- End users
- Technology investors
- Government institutions
- Drone analysts
- Consultancy firms
Innovations
One of the most promising innovations of recent times has been the introduction of next generation drone sensors. Not many days ago, a multispectral sensor called 3p was launched. The major benefits of this sensor is that it can offer on-board image processing and in-field analytics that can give farmers a better idea about their field requirements.
Commenting on the report, an analyst from Market Research Future (MRFR)'s team said:
By regional analysis, agricultural drones market can be studied and segmented for regions like Asia Pacific, North America, Europe and rest of the world. North America has acquired the largest market shares in agricultural drones market because of high demand for adoption of agricultural drone technology which introduced ways to increase yields and reduce crop damage. Europe is the second largest region leading due to growth in use of agricultural drones in permanent crops production and dairy farming. Asia- Pacific region would grow progressively and drives Japan for use of agricultural drones at high demand in order to ease back-breaking work of country's elderly rice farmers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5. Market Factor Analysis
5.1 Porter's Five Forces Analysis
5.2 Supply Chain Analysis
Continued.......
List of Tables
Table 1 Agricultural Drones Market, by Component
Table 2 Agricultural Drones Market, by Application
Table 3 Agricultural Drones Market, by Regions
Table 4 North America Agricultural Drones Market, by Component
Table 5 North America Agricultural Drones Market, by Application
Table 6 U.s. Agricultural Drones Market, by Component
Table 7 U.s. Agricultural Drones Market, by Application
Table 8 Canada Agricultural Drones Market, by Component
Table 9 Canada Agricultural Drones Market, by Application
Continued.......
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