Global market for agriculture drones was valued at US$ 293.6 Mn in 2016 and is likely to expand at a significant CAGR of 21.3% during the period 2018 to 2026
Albany, NY -- (SBWIRE) -- 05/16/2018 -- Drones are unmanned aerial vehicles which are used for a variety of industrial tasks in the present time. The agricultural use of drones has recently gained pace due to rising demand for food to feed the growing population. This research report added to the database of Market Research Reports Search Engine (MRRSE) discusses the overall market share of agriculture drones across various geographies. The report titled "Agriculture Drone Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 -2026", talks about the major trends influencing the concerned market in the near future.
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As per active report analytics, the global market for agriculture drones was valued at US$ 293.6 Mn in 2016 and is likely to expand at a significant CAGR of 21.3% during the period 2018 to 2026. The report carefully targets the various factors such as drivers, opportunities and restraints expected to influence the market's overall growth during the forecast period. This interesting study offers a complete viewpoint on the global agriculture drone market's development in terms of revenue (US$ Mn) during the stated period.
The following section highlights the market segmentation on the basis of type and application. Considering the bifurcation of the global agriculture drone market based on type, the prime segment include multi-rotor, fixed-wing and hybrid UAVs. Further, on the basis of application, the target market is segmented into spraying, field mapping, crop scouting and others. The other prominent segments include variable rate, crop monitoring, yield monitoring etc. Readers can access an in-depth segment examination about the global agriculture drone market; hence emphasizing valuable insights at both macro and micro levels.
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Geographically, North America stood as the leader in the agriculture drone market in 2016, and is likely to stay as the dominant regional market during the forecast period. The U.S is predicted to motivate the advancement of agriculture drone market with the active deployment of different types of drones across regional farms. Moreover, fast-paced R& D activities across Asia Pacific would cause promising development in the agriculture drone market. The concluding section of the report focuses on the market players such as Agribotix LLC, Honeycomb Corporation, Delair Technologies Inc., Precision Hawk, Ag Eagle Aerial Systems, Drone AG, Parrot SA, DJI Innovate, Aerovironment Inc., Yamaha Corporation, Ideaforge India Private Ltd and Sentera LLC. Each of these companies from the agriculture drone market are carefully assessed in this report. Furthermore, details like financials, business strategies, SWOT analysis, recent developments as well as strategic information associated to these players are provided to educate the readers.
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