HOME › Press Releases › Agriculture Drones Market worth 4,209.2 Million USD by 2022
Agriculture Drones Market worth 4,209.2 Million USD by 2022
According to the new market research report "Agriculture Drones Market by Type (Fixed Wing, Rotary Blade, Hybrid, Data Analytics Software, Imaging Software), Application (Field Mapping, VRA, Crop Scouting, Livestock, Crop Spraying), Component and Geography - Global Forecast to 2022", the market is expected to grow from USD 864.4 Million in 2016 to USD 4,209.2 Million in 2022, at a CAGR of 30.19% during the forecast period. Agriculture drones have the capability of collecting high-quality data and are easy to use compared to other smart agriculture techniques such as satellite imagery. In addition, drone data processing tools are becoming less expensive and easier to use. These advantages, along with the increasing awareness, propel the growth of the market.
Browse 78 market data tables with 54 figures spread through 164 pages and in-depth TOC on "Agriculture Drones Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
Hybrid drones expected to lead the agriculture drones market during the forecast period
Hybrid drones are expected to capture the largest share of the market by 2022. Hybrid drones can hover, fly at fast speed, and remain steady; the advantages of these drones are boosting the growth of the market for hybrid drones. The agriculture drones market for software is expected to grow at the highest rate during the forecast period. Imaging software plays a key role in the market since this software is used for processing the images captured by the cameras or the sensors mounted as a payload on the agriculture drones; thus, imaging sensors are expected to capture the largest share of the agriculture drones market for software by 2022.
The agriculture drones market for crop spraying application expected to grow at the highest rate between 2016 and 2022
The market for crop spraying application is expected to grow at the highest rate between 2016 and 2022. The increasing adoption of drones for crop spraying application would increase the yield and reduce the wastage of crops and fertilizers & pesticides. This is a key factor responsible for the expected growth of the market for crop spraying application.
The agriculture drones market in APAC expected to grow at the highest rate between 2016 and 2022
The agriculture drones market in APAC is expected to grow at the highest rate between 2016 and 2022. Asian countries such as China, India, and Japan are extensively taking initiatives, such as heavy investments in R&D, to encourage the adoption of agriculture drones in this region. Along with this, market players such as DJI (China) and Yamaha Motor Co., Ltd. (Japan) are trying to suffice the growing demand for agriculture drones in APAC.
Currently, the agriculture drones market is dominated by the players such as Trimble Navigation Ltd. (U.S.), DJI (China), PrecisionHawk (U.S.), Parrot SA (France), and 3DR (U.S.).
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India