Global Agriculture Drones Market stood at USD 1,597.05 million in 2021 and it is expected to reach USD 7,083.6 million by 2030 with a CAGR of 20.8% during the forecast period 2022-2030.
Global Agriculture Drones Market: Overview
Drones are the Unmanned Aerial Vehicles, in simple words it is an aircraft without a human pilot, cabin crew and passengers alighted in it. It is usually controlled at ground level by a person and mostly runs on a software instruction. Drones have intensive application in agriculture sector and its use is increasing day-by-day. This is one of the driving factors behind the growth of the drones in agriculture globally. They are widely used in variety of applications such as soil assessment, crop management, irrigation & drainage, fertility, crop protection, pesticides & Insecticides spraying, and harvest planning.
The rapidly growing population emphasizes the need for sustainable agriculture. With traditional means of agriculture, we could not cope with the future population burden. So, it’s necessary to automate the agriculture in terms of optimizing overall agricultural process from plantation to harvest. Many companies are coming with modern agricultural tools that could reduce the need for labor and basically save the time and efforts of the farmers. Drone technology in agriculture is a welcome step.
The global agricultural drone market may observe a notable growth in the forecast period because of rise in venture funding for drone deployment in agriculture, globally. Aside from this, rise in adoption of precision farming solutions is expected to fuel the market growth. With the rise in increasing population, the availability of the land is limiting, thus there is need to reduce the production cost in agri. sector and to increase per acre productivity of land, due to limited availability of the land. Drone technology can be effectively used to reduce the production cost, operational cost and to have a proper analysis and planning from soil seeding to harvesting stage. This may also be considered as the driving factor. According to a PwC report, the global agriculture industry is worth USD 35 Billion, indicating enormous potential for drone industry in agricultural sector.
Despite these driving factors and advantages of drone technology in agriculture. There are certain restraints or limiting factors. Huge cost associated with the UAV’s is a prime concern. Along with it rise in drone related regulations globally is also a restraining factor.
Key Insights
- As per the analysis done by our research analyst, the Global Agriculture Drone Market is estimated to grow with a CAGR 20.8% over the forecast period (2022-2030).
- In terms of revenue, the Global Agriculture Drone Market size was valued at USD 1597.05 Million in 2021 and is estimated to grow to around USD 7083.6 Million in 2030.
- Due to various driving factors, the Global Agriculture Market is predicated to grow at significant rate. The need for optimized, efficient and precision farming may prove the key driving factors.
- Based on the Type Segmentation, the rotary-wing segment dominates the market and will continue in the forecast period.
- Based on the Component Segment, Hardware segment dominate the market and it will continue to do so in the forecast period.
- Based on the Application Segmentation, crop scouting segment likely to dominate the market during forecast period.
- By Regional Analysis, North America contributes major share in the market.
COVID-19 Impact:
COVID-19 has affected the morale of the farmers worldwide. The food crop prices fell suddenly and by a large amount for a period extending over a month, this has resulted in lowering the income of the farmer. Thus, the expectations to use the drone technology vanished here. COVID-19 has adversely hit the transportation system as well thus hitting the commodity market and price mechanism as well.
Agriculture Drone Market: Key Drivers & Restraints:
Driving factors:
- Increasing use of small drones: Recent technological advancements have positively affected the farming output. The UAVs are such a technological advancement. These are used extensively today with a next-gen hardware and software systems. Technological advancement in components, sensors and sizes have made possible to develop and device mini-UAV’s. The use of mini-UAV’s is a driving factor for the growth agricultural drone market.
- Huge private investments in the drone industry: Due to increase private venture investment in agriculture drone industry, the market is to experience significant growth during the forecast period. According to Drone magazine (2019), The Drone industry received around USD 1.2 billion of investment from private sector and venture capitalists. This trend is continued to rise during the forecast period. Thus serving as a key driver for Agriculture Drone Market.
Restraints:
- Limited Awareness: Limited awareness about the new drone technology and the inability to handle the UAV’s effectively is a restraint.
- High Cost associated with the UAV’s: These products are loaded expensive navigation system, High-Definition Cameras and other expensive components. These altogether adds to the increased cost of final product. High Initial Costs are therefore likely to hamper the growth of the market.
- Strict Government regulations for flying UAV’s: There are stricter government regulations for flying UAVs at a certain height in certain countries. This is a hindering factor for the growth of the market.
Agriculture Drone Market: Opportunities
The prime concern of world today is to adopt sustainable agricultural solutions. Population is increasing at a rapid pace and per acre availability of the land is decreasing day by day. This in turn is putting intense pressure on the agriculture sector to increase the productivity. Use of conventional agricultural fertilizers is also damaging the nature. Thus, we have to put a balance between the increased population pressure and environmental safety. This may be achieved by adoption of modern technology. There is concern of farmers towards attaining optimized output. The inputs must be optimized, this requires extensive planning, and systematic scheduling of the farming tasks. This is best achieved with the help of use of agricultural drones. Thus, there is much to explore the opportunities in the agriculture drone market.
Agriculture Drone Market: Segmentation
- Based on Types: Based on the types, the market is divided into three components, Fixed wing, Rotary wing and Hybrid Drones. Of these the rotary wing drones contributed the largest share towards the agriculture drone market; this will continue during the forecast period.
- Based on Component: Based on component the market is divided majorly into two categories namely Hardware & Software. These are further bifurcated into sub-categories. Hardware includes: Frames, Control System, Propulsion System & Navigation System. Whereas the Software component includes: Imaging software & Data management Software. Of the component segment, the Hardware component dominated the market and likely to continue in the forecast period. However, there is a scope for devising various data analytics and data processing software in agriculture drone sector in order to have proper planned production and optimized output.
- Based on Application: Field mapping & Cropping, Crop spraying, Crop Scouting, Variable rate application, livestock monitoring and other are the sub segments based on the application. Out of these sub-segments, Crop Scouting is dominating the market share at present and is likely to continue the trend in the forecast period.
Regional Insights:
Based on the Regional Analysis, the market is divided into North America, Europe, Asia Pacific Latin America & Middle East & Africa.
- North America: North America dominates the market in terms of use of agricultural drones. US is prime customer base in terms of usage of drones followed by Canada. This is mainly because of presence of large commercial farming companies and large number of manufacturers. Also, the government in North America has regulated suitable policies to aid use of agriculture drones. Example, Department of Transportation and Federal Aviation Administration (FAA) have formulate favorable regulation in use of Unmanned Aerial Vehicles and small drones, eliminating the need of the licensed pilot.
- Europe: Europe is to witness moderate growth in the agriculture drone market because of awareness in the use of such technology in farm mapping and farm analysis to increase the production.
- Asia Pacific: Asia Pacific is the largest agricultural producer and exporter around the globe. With an aim to increase the production and optimizing the farm production process, Asia Pacific is to witness a substantial growth in the agricultural drone’s market.
- Latin America and Middle East & Africa: Growing demands from countries such as Saudi Arabia, Brazil and South Africa is to witness strong growth in the forecast period.
Competitive Analysis:
The Key Players include: - Drone Deploy (US), DJI (China), GoPro (US), Precision Hawk (US), AeroVironment Inc. (US), Trimble Navigation Ltd. (US), 3D Robotics (US), Ag Eagle (US), Parrot Drone (France), Sintera LLC (US) and Delair Tech SAS (France).
Recent Developments:
- July 2021: In July 2021, Skylark Drones has raised USD 3 Million for expansion and market penetration and to strengthen products of data analytics.
- April 2021: In April 2021, The US government has issued an executive order to curb the climate change effects and to promote sustainable farming through increased use of Drone technology.
Agriculture Drone Market Scope and Segment:
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Attribute
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Details
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Market Size in 2021
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USD 1597.05 million
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Estimated Market Size in 2028
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USD 7083.6 million
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CAGR Growth Rate
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20.8%
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Base Year
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2021
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Forecast Years
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2022-2028.
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By Types
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- Fixed Wing
- Rotary Wing
- Hybrid
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By Application
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- Field Mapping & Cropping
- Crop Spraying
- Crop scouting
- Variable Rate Application
- Livestock Monitoring
- Other
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By Component
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- Frames
- Control System
- Propulsion System
- Navigation System
- Imaging Software
- Data Management Software
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Major Regions Covered
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- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
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Companies Covered
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- Drone Deploy (US)
- DJI (China)
- GoPro (US)
- Precision Hawk (US)
- AeroVironment Inc. (US)
- Trimble Navigation Ltd. (US)
- 3D Robotics (US)
- Ag Eagle (US)
- Parrot Drone (France)
- Sintera LLC (US)
- Delair Tech SAS (France)
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Report Coverage
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Revenue Forecast, Company Share, Competitive Landscape, Growth Factors, Restraints, Opportunities, Value Chain Analysis, Porter’s Five Forces Analysis, Patent Analysis, Market Attractiveness Analysis by Segments
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Frequently Asked Questions (FAQs):
Which is the leading segment in the market?
Among Types, the Rotary Wing Drones are the leading segment of the market.
What are the key factors driving the market?
Growing use of small drones in agriculture, huge private investment by companies and venture capitalists in drone market, the need for precision farming.
Which region will contribute notably towards the Agriculture Drone Market growth?
North America contributes notably towards the Agriculture Drone Market.
What are the key players in Agriculture Drone Market?
- Drone Deploy (US)
- DJI (China)
- GoPro (US)
- Precision Hawk (US)
- AeroVironment Inc. (US)
- Trimble Navigation Ltd. (US)
- 3D Robotics (US)
- Ag Eagle (US)
- Parrot Drone (France)
- Sintera LLC (US)
- Delair Tech SAS (France)