Global Agriculture Drones Strategic Business Report 2023: Growing Focus on Precision Agriculture Spurs Demand for Drones

DUBLIN, July 6, 2023 /PRNewswire/ -- The "Agriculture Drones: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Agriculture Drones estimated at US$2.6 Billion in the year 2022, is projected to reach a revised size of US$20 Billion by 2030, growing at a CAGR of 29% over the analysis period 2022-2030.

Hardware, one of the segments analyzed in the report, is projected to record 27.5% CAGR and reach US$13.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 32.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $862 Million, While China is Forecast to Grow at 34.3% CAGR

The Agriculture Drones market in the U.S. is estimated at US$862 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2030 trailing a CAGR of 34.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.8% and 27.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 26% CAGR.

Select Competitors (Total 44 Featured) -

• AeroVironment, Inc.
• AgEagle Aerial Systems Incorporated
• Delair Technologies Inc.
• DroneDeploy
• Parrot SA
• PrecisionHawk
• SZ DJI Technology Co., Ltd.
• Trimble Navigation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Need to Increase Agriculture Production Amid Food Security Concerns Drives Focus on Farm Automation
• Agriculture as a Percentage of GDP by Region (2018)
• Global Population (in 000s) by Region for the Years 2018, 2025, 2035 & 2045
• Climate Change and its Negative Impact On Agriculture Increases Reliance On Advanced Farming Systems & Technologies to Sustain Crop Production: Average Global Surface Temperature (In Degrees Fahrenheit) For The Years 1940, 2000 And 2020
• Agriculture Industry Embraces Drones to Intensify Production
• Drones Emerge to Revolutionize Farming in the 21st Century
• Outlook
• US Occupies Major Revenue Share
• Recent Market Activity
• Agriculture Drones - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Growing Focus on Precision Agriculture Spurs Demand for Drones
• Shrinking Arable Land and the Need to Improve Agricultural Efficiency and Yield Raises Significance of Drones
• World Arable Land: 1961-2050
• Continuing Advances Enable Agricultural Drones to Undergo Major Refinements
• AI Presents Perfect Match for Drones to Enable High-Performance Agricultural Drones
• Companies Gear Up to Tap Agricultural Drone Demand for Field Mapping Application
• Agricultural Drones Powered by Multispectral Imaging Transform Farming Practices
• Rise in Popularity of Multi-Rotor Drones
• Software Enhancements to Drive Growth
• Incorporation of Advanced Sensors Makes Agricultural Drones More Efficient
• Rise in Use of Drones for Spraying Pesticides Revolutionizes Agricultural Sector
• Rise in Significance of Drones in Controlling Invasive Plants
• Drones Find Use in Dispensing Beneficial Pest-Eating Insects
• Drone Swarms Technology for Spraying of Large Areas
• Developing Economies Exhibit High Interest in Using Drones for Agricultural Spraying Purposes
• Legislative Policies Continue to Present Challenges for Drone Use in Spraying Applications
• High Cost of Drones & Shortage of Trained Pilots Remain Major Issue

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/f86rrz

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SOURCE Research and Markets