Agriculture Drones Market Forecast 2018-2028: Trends and Competition | Techsci Research

MANHATTAN, N.Y. - March 23, 2023 - PRLog -- This market is expected to be propelled by increasing investments in agriculture drones and rising awareness of efficient farming techniques utilizing field survey and data analytics until 2028. The camera component is expected to experience the highest compound annual growth rate (CAGR) during the forecast period because it is a key component of the drone, and application-specific cameras, such as hyperspectral cameras, are utilized for various purposes like weed identification.

The market has been segmented into various applications, including crop spraying, field mapping, variable rate application (VRA), crop scouting, livestock, agriculture photography, and others. The crop spraying application segment is expected to grow at the highest rate during the forecast period, thanks to the precise application of fertilizers without disturbing the soil's fertility. North America dominates the global agriculture drones market due to the early adoption of drones in farming and the presence of major players in the region. In Asia Pacific, countries like India, China, Japan, and Australia are expected to drive the agriculture drones market due to high investment in research and development and increasing initiatives to deploy drones.

Leading players in the global agriculture drones market, including SZ DJI Technology Co., Ltd., Ursula Agriculture Limited, Agribotix LLC, Eagle Uav Services, Parrot SA, PrecisionHawk, Inc., Aerovironment Inc., DroneDeploy, Inc., Honeycomb Corporation, and 3DR Ltd, among others, are utilizing both organic and inorganic strategies to increase their market share.

Objective of the Study:

• To analyze and forecast the market size of global agriculture drones market, in terms of value and volume.
• To classify and forecast global agriculture drones market based on type, component, application and regional distribution.
• To identify drivers and challenges for global agriculture drones market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global agriculture drones market.
• To conduct the pricing analysis for global agriculture drones market.
• To identify and analyze the profile of leading players operating in the global agriculture drones market.

For this study, TechSci Research conducted both primary and exhaustive secondary research. Initially, TechSci Research compiled a list of manufacturers worldwide, followed by primary research surveys with the identified companies. During the interviews, TechSci Research also asked about their competitors to include manufacturers that were not identified during the secondary research phase. TechSci Research analyzed the service offerings, distribution channels, and global presence of all major manufacturers.

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