The market for agricultural drones is anticipated to be valued at US$ 3,807.0 million in 2023 and to grow at a CAGR of 14.1% to US$ 14,237.6 million by the end of 2033. The drone market is anticipated to grow at a 15.3% CAGR through 2023, when it is expected to ship 7.6 million units worldwide. A lot of money is spent on the use of drones in agriculture as a result of technological advancements. By the end of 2022, sales of agricultural drones held a nearly 11% market share worldwide.
The global agriculture drone market is growing rapidly as the technology has become increasingly viable and cost-effective for farmers. According to some estimates, the agricultural drone industry could reach a value of more than $6 billion by 2026. Agriculture drones are used in various activities such as precision spraying and irrigation scheduling, monitoring crop growth and health, soil analysis & mapping etc. This allows precise application of fertilizers, pesticides & herbicides which optimizes yield without damaging crops or affecting neighbouring areas with unintended drift. Drones are also being used to monitor livestock status. They offer an efficient solution that helps save time and money while keeping track on overall farm performance accurately over large acreages at unprecedented speed compared to traditional methods like manual aerial surveys
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Segmentation of Agriculture drone Industry Research
- By Offerings :
- Fixed Wing
- Rotary Wing
- Hybrid Wing
- By End Users :
- Consumer / Civil
- Commercial
- By Coverage Distance :
- Below 3 Km
- 3-6 Km
- 6-9 Km
- Above 9 Km
- By Application :
- Precision Agriculture
- Livestock Monitoring
- Surveying & Mapping
- Irrigation
- Precision Fish Farming
- Fertilization & Spraying
- Aerial Imaging
- By Payload Capacity :
- Below 5 Kg
- 5-10 Kg
- 10-15 Kg
- 15-20 Kg
- Above 20 Kg
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Key Companies Profiled
- 3D Robotics
- AgEagle Aerial Systems Inc
- Asteria Aerospace
- ATMOS UAV
- Autel Robotics
- Ayaan Autonomous Systems Pvt. Ltd.
- Delair SAS
- DJI
- Draganfly Innovations
- General Aeronautics
- General Aeronautics Pvt. Ltd.
- Guangdong Syma Model Aircraft Industrial Co. Ltd
- Hubblefly Technologies Pvt Ltd
- IIO Technologies
Competitive Landscape
AgEagle Aerial Systems Inc., Asteria Aerospace, ATMOS UAV, Autel Robotics, Ayaan Autonomous Systems Pvt. Ltd., Delair SAS, and DJI are among the makers of agricultural drones.
To keep up with the level of competition in the sports equipment market, manufacturers are focusing on implementing a variety of marketing strategies, such as lowering the prices of manufactured goods, forming partnerships with retailers, launching endorsement programs, using new technologies to produce cutting-edge products, etc.
- AgEagle Aerial Systems Inc., a US-based drone technology company, will be in operation for more than ten years in April 2021. The business announced the purchase of Measure Global Inc., a leader in aerial intelligence products, for a combined price of around US$45 million in stock and cash.
Why is Demand for Agriculture Drone High in Japan?
When it comes to embracing new technologies, Japan has always maintained its lead. From 11 million farmers in total in 1965 to fewer than 2 million in 2020, the number of farmers in Japan has decreased. As a result, the Japanese government has set a target to adopt agriculture UAVs for more than half of the land area nationwide that is cultivated with wheat, soy, and rice by 2022. These reasons have led to a growth in agriculture drone demand over the past century, which is expected to reach US$ 195.8 million in 2023.
