Agriculture Drones Market

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Agriculture Drones Market by Offering (Hardware and Software & Services), Application (Precision Farming, Livestock Monitoring, Precision Fish Farming, and Smart Greenhouse), Component, and Geography - Global Forecast to 2024

Report Code : SE 4372
Published ON : May, 2019
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[157 Pages Report] The agriculture drones market is expected to grow from USD 1.2 billion by 2019 to USD 4.8 billion by 2024 at a CAGR of 31.4%. The pressure on global food supply due to growing world population and increase in venture funding for the development of agriculture drones are a few of the key factors driving the growth of this market are.

Agriculture Drones Market

To know about the assumptions considered for the study, download the pdf brochure

“Agriculture drones market for software and services to grow at higher CAGR during forecast period”

The agriculture drones market for software and services is expected to grow at a higher CAGR during the forecast period. This growth is attributed to high investments being done by the venture capitalists and investors in the start-up companies offering software and analytics to digitize the information collected by drones; the investments are mainly targeted at mapping, imaging, and data analytics software.

Field mapping to account for largest share of agriculture drones market for precision farming during forecast period

Field mapping to account for the largest share of agriculture drones market for precision farming during the forecast period. Field mapping helps look at the condition and health of crops across different soil types and management zones to portray crop health and yield potential.

Agriculture Drones Market

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“North America to account for largest share of agriculture drone market during forecast period”

North America is expected to hold the largest share of the agriculture drones market during the forecast period. This growth is attributed to the exemption from the Federal Aviation Administration (FAA) under the part 107 rule which is leading to high adoption of drones in agriculture. This is attracting more investments by venture capitalists in the market.

Key Market Players

DJI (China), PrecisionHawk (US), Trimble Inc. (US), Parrot Drones (France), 3DR (US), AeroVironment, Inc. (US), Yamaha Motor Corp. (Japan), DroneDeploy (US), AgEagle Aerial Systems, Inc. (US), and OPTiM Corp. (Japan) are some of the major players in the agriculture drones market. Major innovators in this market are senseFLY (Switzerland), Pix4D (Switzerland), Agribotix (US), Sentera Inc. (US), ATMOS UAV (Netherlands), Delair (France), and Nileworks Inc. (Japan).

DJI (China) is a manufacturer and distributor of unmanned aerial systems (UAS). The company manufactures a wide range of products, including flying cameras, flying platforms, flight controllers for multirotors, accessories for helicopters, camera gimbals (aerial and handheld), and ground stations. With the DJI Phantom series, farmers are able to evaluate their crops at scale while simultaneously creating crop maps that help them manage crops and time better. Using the DJI Inspire, equipped with a DJI Zenmuse XT thermal imaging camera developed in collaboration with FLIR, these important data can be easily captured. Furthermore, DJI Agras MG-1 is an agricultural octocopter designed to increase efficiency and manageability in plant protection and fertilization. To grow in the agriculture drones market, DJI has selected the organic growth strategy of product launches. For example, in March 2019, it introduced a new software tool—DJI Terra—that transforms drone data into digital 3D models and maps for easy analysis as well as decision-making.

Recent Developments

  • In April 2019, Parrot Drones (France) unveiled ANAFI Thermal: An all-in-one drone-based thermography solution (drone + sensor + software) with proven reliability and outstanding performance.
  • In March 2019, DJI (China) introduced DJI Terra, a new software tool that transforms drone data into digital 3D models and maps for easy analysis and decision-making. The tool enables businesses and organizations using DJI drone technology to capture, visualize, and analyze aerial images for a wide variety of applications across the public safety, construction, infrastructure, agriculture, and film industries.
  • In March 2019, AgEagle Aerial Systems, Inc. (US) formally introduced ParkView, a proprietary aerial imagery and data analytics platform specifically designed for assessing and supporting sustainability initiatives involving municipal, state, and federal public parks and recreation areas.

Key Questions Addressed in Report

  • What are the major applications of agriculture drones?
  • Which applications in precision farming will witness the highest growth and hold the largest share during the forecast period?
  • Which type of agriculture drones will hold the largest share of market during the forecast period?
  • Which region would lead the global agriculture drones market during the forecast period?
  • What are the strategies followed by agriculture drone manufacturers and service providers to stay ahead in the market?
  • What are the major drivers, restraints, opportunities, and challenges for the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
                    2.1.2.4 Breakdown of Primaries
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis (Supply Side)
    2.3 Market Share Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in Agriculture Drones Market
    4.2 Agriculture Drones Market, By Offering
    4.3 Market in APAC, By Application and Country
    4.4 Agriculture Drones Market, By Component
    4.5 Agriculture Drones Market, By Region
    4.6 Geographic Analysis of Agriculture Drones Market

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Pressure on Global Food Supply Owing to Growing World Population
                    5.2.1.2 Increase in Venture Funding for Development of Agriculture Drones
                    5.2.1.3 Availability of Software Solutions for Field Survey and Data Analytics
           5.2.2 Restraints
                    5.2.2.1 Security and Safety Concerns Associated With Civil and Commercial Application of Drones
                    5.2.2.2 Air Traffic Management of Commercial Drones
           5.2.3 Opportunities
                    5.2.3.1 Exemptions By US Federal Aviation Administration for Use of Agriculture Drones
                    5.2.3.2 Rising Demand for Drones in APAC Countries
                    5.2.3.3 High Adoption of Aerial Data Collection Tools in Agriculture
           5.2.4 Challenges
                    5.2.4.1 Management of Data Collected By Agriculture Drones
                    5.2.4.2 Standardization of Communication Interfaces and Protocols for Precision Agriculture
                    5.2.4.3 Lack of Technical Knowledge Among Farmers
                    5.2.4.4 Scarcity of Trained Pilots
    5.3 Value Chain Analysis

6 Agriculture Drones Market, By Offering (Page No. - 47)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Fixed Wing Drones
                    6.2.1.1 Fixed Wing Drones Likely to Hold Largest Share of Agriculture Drones Market for Hardware in Next Five Years
           6.2.2 Rotary Blade Drones
                    6.2.2.1 Precision Farming to Account for Largest Share of Agriculture Drones Market for Rotary Blade Drones in Next Five Years
           6.2.3 Hybrid Drones
                    6.2.3.1 Hybrid Drones to Be Used Majorly for Precision Farming Applications
    6.3 Software and Services
           6.3.1 Data Management Software
                    6.3.1.1 Agriculture Drones Market for Data Management Software to Have Highest Growth for Precision Farming Application During Forecast Period
           6.3.2 Imaging Software
                    6.3.2.1 Precision Farming to Account for Largest Share of Agriculture Drones Market for Imaging Software in Next Five Years
           6.3.3 Data Analytics Software
                    6.3.3.1 Livestock Monitoring to Grow at Highest CAGR of Agriculture Drones Market for Data Analytics Software During Forecast Period
           6.3.4 Others
                    6.3.4.1 Precision Farming to Grow at Highest CAGR of Agriculture Drones Market for Other Software and Services During Forecast Period

7 Agriculture Drones Market, By Component (Page No. - 58)
    7.1 Introduction
    7.2 Frames
           7.2.1 Fixed Wing Drones to Account for Largest Share of Agriculture Drones Market for Frames in Next 5 Years
    7.3 Controller Systems
           7.3.1 Controller Systems to Have High Growth Rate During Forecast Period
    7.4 Propulsion Systems
           7.4.1 Propulsions Systems to Have Highest Adoption in Hybrid Drones in Next Five Years
    7.5 Camera Systems
           7.5.1 Multispectral Cameras
                    7.5.1.1 Multispectral Cameras to Account for Largest Share of Agriculture Drones Market for Camera Systems in Next Five Years
           7.5.2 IR Cameras
                    7.5.2.1 IR Cameras to Be Majorly Used for Precision Farming Applications
           7.5.3 Thermal Cameras
                    7.5.3.1 Thermal Cameras to Have Moderate Growth in Next Five Years
           7.5.4 Lidar Cameras
                    7.5.4.1 Lidar Cameras to Have Highest CAGR for Agriculture Drones Market for Camera Systems During Forecast Period
           7.5.5 Others
                    7.5.5.1 High-Resolution Cameras to Be Used Majorly for Studying Health of Plants
    7.6 Navigation Systems
           7.6.1 Global Positioning System (GPS)
                    7.6.1.1 GPS to Account for Larger Share of Agriculture Drones Market for Navigation Systems in Next Five Years
           7.6.2 Geographic Information System (GIS)
                    7.6.2.1 GPS to Register Higher CAGR for Agriculture Drones Market for Navigation Systems During Forecast Period
    7.7 Batteries
           7.7.1 Fixed Wing Drones to Account for Largest Share of Agriculture Drones Market for Batteries During Forecast Period
    7.8 Others
           7.8.1 Sprayers and Sprinklers to Be Key Components in Agriculture Drones to Be Used in Applications Such as Crop Spraying Or Crop Seeding

8 Agriculture Drones Market, By Application (Page No. - 69)
    8.1 Introduction
    8.2 Precision Agriculture
           8.2.1 Field Mapping
                    8.2.1.1 Weed Detection
                               8.2.1.1.1 Global Research Institutes Undertaking Sustained Efforts to Develop Agriculture Drones for Detecting Weeds
                    8.2.1.2 Plant Counting
                               8.2.1.2.1 Startups Developing and Testing Agriculture Drones for Counting Crops
                    8.2.1.3 Crop Health Monitoring
                               8.2.1.3.1 Non-Governmental Organizations Worldwide Working on Projects of Crop Health Monitoring By Using Agriculture Drones
                    8.2.1.4 Harvest Season Monitoring
                               8.2.1.4.1 Agriculture Drones With Payloads Such as Multispectral and Thermal Cameras Helping Farmers and Agronomists to Monitor Crops Throughout Harvest Season
                    8.2.1.5 Others
           8.2.2 Variable Rate Application
                    8.2.2.1 Several Top Players in Agriculture Drones Market Offering Products for Vras to Maximize Productivity
           8.2.3 Crop Scouting
                    8.2.3.1 Farmers and Agronomists Using Agriculture Drones With Normalized Difference Vegetative Index (NDVI) Or Near-IR (NIR) Sensors for Crop Scouting
           8.2.4 Crop Spraying
                    8.2.4.1 Crop Spraying to Register Highest CAGR of Agriculture Drones Market for Precision Farming During Forecast Period
           8.2.5 Others
    8.3 Livestock Monitoring
           8.3.1 Europe to Account for Largest Share of Agriculture Drones Market for Livestock Monitoring During Forecast Period
    8.4 Precision Fish Farming
           8.4.1 Imaging Software to Hold Largest Share of Agriculture Drones Market for Precision Fish Farming in Next Five Years
    8.5 Smart Greenhouse
           8.5.1 RoW to Register Highest CAGR of Agriculture Drones Market for Smart Greenhouse During Forecast Period
    8.6 Others

9 Agriculture Drones Market, By Geography (Page No. - 90)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 US to Account for Largest Share of Agriculture Drones Market in North America During Forecast Period
                    9.2.1.2 Regulations for Commercial Drones in the US
           9.2.2 Canada
                    9.2.2.1 Constant Enhancements and Developments in Precision Farming Practices Driving Agriculture Drones Market Growth in Canada
                    9.2.2.2 Regulations for Commercial Drones in Canada
           9.2.3 Mexico
                    9.2.3.1 Mexico to Register Highest CAGR of Agriculture Drones Market in North America During Forecast Period
                    9.2.3.2 Regulations for Commercial Drones in Mexico
    9.3 Europe
           9.3.1 UK
                    9.3.1.1 UK to Register Highest CAGR of Agriculture Drones Market in Europe During Forecast Period
                    9.3.1.2 Regulations for Commercial Drones in UK
           9.3.2 Germany
                    9.3.2.1 High Adoption Rate of Agriculture Drones for Livestock Monitoring in Germany
                    9.3.2.2 Regulations for Commercial Drones in Germany
           9.3.3 France
                    9.3.3.1 France to Hold the Largest Share of Agriculture Drones Market in Europe During Forecast Period
                    9.3.3.2 Regulations for Commercial Drones in France
           9.3.4 Italy
                    9.3.4.1 Agriculture Drones Being Employed for Insurance of Crops Or Farmlands in Italy
                    9.3.4.2 Regulations for Commercial Drones in Italy
           9.3.5 Spain
                    9.3.5.1 Agriculture Drones Being Used to Create Weed Infestation Maps for Farmers in Spain
                    9.3.5.2 Regulations for Commercial Drones in Spain
           9.3.6 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
                    9.4.1.1 China to Register Highest CAGR of Agriculture Drones Market in APAC During Forecast Period
                    9.4.1.2 Regulations for Commercial Drones in China
           9.4.2 Japan
                    9.4.2.1 Japan to Hold Second Largest Share of Agriculture Drones Market in APAC During Forecast Period
                    9.4.2.2 Regulations for Commercial Drones in Japan
           9.4.3 India
                    9.4.3.1 Agriculture Drones Being Used in India for Surveying Farms and Assessing Crop Losses
                    9.4.3.2 Regulations for Commercial Drones in India
           9.4.4 Australia
                    9.4.4.1 Agriculture Drones Being Used in Australia for Spraying Herbicides
                    9.4.4.2 Regulations for Commercial Drones in Australia
           9.4.5 New Zealand
                    9.4.5.1 Agriculture Drones Being Used in New Zealand for Monitoring Dairy Herds and Pastures
                    9.4.5.2 Regulations for Commercial Drones in Australia
           9.4.6 Rest of APAC
    9.5 Rest of the World
           9.5.1 South America
                    9.5.1.1 South America to Account for Larger Share of Agriculture Drones Market in RoW During Forecast Period
                    9.5.1.2 Regulations for Commercial Drones in Brazil
           9.5.2 Middle East and Africa
                    9.5.2.1 South America to Register Highest CAGR of Agriculture Drones Market in RoW During Forecast Period
                    9.5.2.2 Regulations for Commercial Drones in South Africa

10 Competitive Landscape (Page No. - 110)
     10.1 Overview
     10.2 Market Share Analysis
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Dynamic Differentiators
             10.3.3 Innovators
             10.3.4 Emerging Companies
     10.4 Strength of Product Portfolio
     10.5 Business Strategy Excellence
     10.6 Competitive Scenario
             10.6.1 Product Launches and Product Developments
             10.6.2 Acquisitions, Collaborations, and Partnerships

11 Company Profiles (Page No. - 119)
     11.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     11.2 Key Players
             11.2.1 DJI
             11.2.2 PrecisionHawk
             11.2.3 Trimble Inc.
             11.2.4 Parrot Drones
             11.2.5 AeroVironment, Inc.
             11.2.6 Yamaha Motor Co., Ltd.
             11.2.7 AgEagle Aerial Systems, Inc.
             11.2.8 DroneDeploy
             11.2.9 3DR
             11.2.10 Sentera, Inc.
     11.3 Other Key Players
             11.3.1 OPTiM Corporation
             11.3.2 Insitu Pacific Pty Ltd
             11.3.3 Delair
             11.3.4 Agribotix LLC
             11.3.5 Honeycomb Corporation
             11.3.6 Micasense, Inc.
             11.3.7 Pix4D SA
             11.3.8 SenseFLY
             11.3.9 Alti
             11.3.10 Aeryon Labs Inc.
             11.3.11 Gamaya
             11.3.12 ATMOS UAV
             11.3.13 SkyX
             11.3.14 Skycatch, Inc.
             11.3.15 Nileworks Inc.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 151)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (62 Tables)

Table 1 Agriculture Drones Market, By Offering, 2016–2024 (USD Million)
Table 2 Agriculture Drones Market for Hardware, By Type, 2016–2024 (USD Million)
Table 3 Market for Hardware, By Application, 2016–2024 (USD Million)
Table 4 Market for Fixed Wing Drones, By Component, 2016–2024 (USD Million)
Table 5 Market for Fixed Wing Drones, By Application, 2016–2024 (USD Million)
Table 6 Market for Rotary Blade Drones, By Component, 2016–2024 (USD Million)
Table 7 Market for Rotary Blade Drones, By Application, 2016–2024 (USD Million)
Table 8 Agriculture Drones Market for Hybrid Drones, By Component, 2016–2024 (USD Million)
Table 9 Market for Hybrid Drones, By Application, 2016–2024 (USD Million)
Table 10 Market for Software and Services, By Type, 2016–2024 (USD Million)
Table 11 Market for Software and Services, By Application, 2016–2024 (USD Million)
Table 12 Market for Data Management Software, By Application, 2016–2024 (USD Million)
Table 13 Market for Imaging Software, By Application, 2016–2024 (USD Million)
Table 14 Market for Data Analytics Software, By Application, 2016–2024 (USD Million)
Table 15 Market for Other Software and Services, By Application, 2016–2024 (USD Million)
Table 16 Agriculture Drones Market, By Component, 2016–2024 (USD Million)
Table 17 Agriculture Drones Market for Frames, By Hardware Type, 2016–2024 (USD Million)
Table 18 Market for Controller Systems, By Hardware Type, 2016–2024 (USD Million)
Table 19 Market for Propulsion Systems, By Hardware Type, 2016–2024 (USD Million)
Table 20 Market for Camera Systems, By Hardware Type, 2016–2024 (USD Million)
Table 21 Market for Camera Systems, By Type, 2016–2024 (USD Million)
Table 22 Market for Navigation Systems, By Type, 2016–2024 (USD Million)
Table 23 Market for Navigation Systems, By Hardware Type, 2016–2024 (USD Million)
Table 24 Market for Batteries, By Hardware Type, 2016–2024 (USD Million)
Table 25 Market for Others, By Hardware Type, 2016–2024 (USD Million)
Table 26 Agriculture Drones Market, By Application, 2016–2024 (USD Million)
Table 27 Market for Precision Farming, By Offering, 2016–2024 (USD Million)
Table 28 Market for Precision Farming, By Hardware Type, 2016–2024 (USD Million)
Table 29 Market for Precision Farming, By Software and Service Type, 2016–2024 (USD Million)
Table 30 Market for Precision Farming, By Region, 2016–2024 (USD Million)
Table 31 Market for Precision Farming in North America, By Country, 2016–2024 (USD Million)
Table 32 Market for Precision Farming in Europe, By Country, 2016–2024 (USD Million)
Table 33 Market Precision Farming in APAC, By Country, 2016–2024 (USD Million)
Table 34 Market for Precision Farming in RoW, By Region, 2016–2024 (USD Million)
Table 35 Market for Precision Farming, By Application Type, 2016–2024 (USD Million)
Table 36 Agriculture Drones Market for Livestock Monitoring, By Offering, 2016–2024 (USD Million)
Table 37 Market for Livestock Monitoring, By Hardware Type, 2016–2024 (USD Million)
Table 38 Market for Livestock Monitoring, By Software and Service Type, 2016–2024 (USD Million)
Table 39 Market for Livestock Monitoring, By Region, 2016–2024 (USD Million)
Table 40 Agriculture Drones Market for Precision Fish Farming, By Offering, 2016–2024 (USD Million)
Table 41 Market for Precision Fish Farming, By Hardware Type, 2016–2024 (USD Million)
Table 42 Market for Precision Fish Farming, By Software and Service Type, 2016–2024 (USD Million)
Table 43 Market for Precision Fish Farming, By Region, 2016–2024 (USD Million)
Table 44 Agriculture Drones Market for Smart Greenhouse, By Offering, 2016–2024 (USD Million)
Table 45 Market for Smart Greenhouse, By Hardware Type, 2016–2024 (USD Million)
Table 46 Market for Smart Greenhouse, By Software and Service Type, 2016–2024 (USD Million)
Table 47 Market for Smart Greenhouse, By Region, 2016–2024 (USD Million)
Table 48 Agriculture Drones Market for Others, By Offering, 2016–2024 (USD Million)
Table 49 Market for Others, By Hardware Type, 2016–2024 (USD Million)
Table 50 Market for Others, By Software and Service Type, 2016–2024 (USD Million)
Table 51 Market for Others, By Region, 2016–2024 (USD Million)
Table 52 Agriculture Drones Market, By Region, 2016–2024 (USD Million)
Table 53 Market in North America, By Application, 2016–2024 (USD Million)
Table 54 Market in North America, By Country, 2016–2024 (USD Million)
Table 55 Agriculture Drones Market in Europe, By Application, 2016–2024 (USD Million)
Table 56 Market in Europe, By Country, 2016–2024 (USD Million)
Table 57 Market in APAC, By Application, 2016–2024 (USD Million)
Table 58 Market in APAC, By Country, 2016–2024 (USD Million)
Table 59 Market in RoW, By Application, 2016–2024 (USD Million)
Table 60 Market in RoW, By Region, 2016–2024 (USD Million)
Table 61 15 Most Recent Product Launches and Product Developments in the Agriculture Drones Market
Table 62 10 Most Recent Acquisitions, Collaborations, and Partnerships in the Agriculture Drones Market
 
 
List of Figures (35 Figures)
 
Figure 1 Agriculture Drones Market: Research Design
Figure 2 Process Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Assumptions for Research Study
Figure 7 Hardware to Hold Larger Share of market During Forecast Period
Figure 8 Camera Systems to Hold Largest Share of market During Forecast Period
Figure 9 Agriculture Drones Market for Precision Fish Farming to Grow at Highest CAGR During Forecast Period
Figure 10 Field Mapping to Hold Largest Share of Market for Precision Farming During Forecast Period
Figure 11 Agriculture Drones Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 12 Increase in Venture Funding Driving Agriculture Drones Market Growth
Figure 13 Hardware to Hold Larger Size of Market During Forecast Period
Figure 14 Precision Farming to Hold Largest Share of Market in APAC By 2019
Figure 15 Market for Navigation Systems to Grow at Highest CAGR During Forecast Period
Figure 16 North America to Hold Largest Size of Market During Forecast Period
Figure 17 US to Be Largest Share Holder in Agriculture Drones Market By 2019
Figure 18 Increase in Venture Funding for Development of Agriculture Drones and Availability of Software Solutions for Field Survey and Data Analytics Drive Growth of Agriculture Drones Market
Figure 19 Value Chain Analysis: Major Value Added During Research & Development and Manufacturing Phases
Figure 20 Market for Software and Services to Grow at Higher CAGR During Forecast Period
Figure 21 Market for Navigation Systems to Grow at Highest CAGR During Forecast Period
Figure 22 Market for Precision Fish Farming to Grow at Highest CAGR During Forecast Period
Figure 23 Agriculture Drones Market: Geographic Snapshot
Figure 24 North America: Agriculture Drones Market Snapshot
Figure 25 Europe: Agriculture Drones Market Snapshot
Figure 26 APAC: Agriculture Drones Market Snapshot
Figure 27 Agriculture Drones Market Players Mainly Adopted Organic Growth Strategies From January 2017 to April 2019
Figure 28 Market Share of Top 5 Players in Agriculture Drones Market, 2018
Figure 29 Agriculture Drones Market (Global) Competitive Leadership Mapping, 2018
Figure 30 Evaluation Framework: Agriculture Drones Market
Figure 31 Trimble Inc.: Company Snapshot
Figure 32 Parrot Drones: Company Snapshot
Figure 33 AeroVironment, Inc.: Company Snapshot
Figure 34 Yamaha Motor Co., Ltd.: Company Snapshot
Figure 35 AgEagle Aerial Systems, Inc.: Company Snapshot

The study involved 4 major activities to estimate the size of the agriculture drones market. Exhaustive secondary research has been conducted to collect information on the agriculture drones market. Validation of these findings, assumptions, and sizing with industry experts across value chain through primary research has been the next step. Both, top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, UAV–related journals, and certified publications; articles from recognized authors; gold and silver standard websites; directories; and databases. A few examples of secondary sources are Association for Unmanned Vehicle Systems International, Association of Professional Drone Pilots, The International Society of Precision Agriculture, and Food and Agriculture Organization (FAO).

Primary Research

In the primary research, various primary sources from both the supply and demand sides have been interviewed with to obtain the qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related key executives from major companies and organizations operating in the agriculture drones market. Following is the breakdown of primary respondents.

Agriculture Drones Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the overall agriculture drones market and the market based on subsegments. The research methodology used to estimate the market size has been given below:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both demand and supply sides of the agriculture drones market.

Report Objectives

  • To describe, segment, and forecast the agriculture drones market, by offering, component, application, and geography, in terms of value
  • To describe and forecast the market for various segments by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the market
  • To analyze the micromarkets with respect to the individual growth trends, prospects, and contribution to the market
  • To profile key players in the agriculture drones market, and analyze their market shares and core competencies
  • To provide a detailed overview of the value chain pertaining to the market
  • To analyze growth strategies such as, product launches, acquisitions, collaborations, and partnerships, along with research and development (R&D) in the market

Report Scope

Report Metric

Details

Years considered to provide market size

2016–2024

Base Year Considered

2018

Forecast Period

2019–2024

Segments Covered

Offering, Component, Application, and Geography

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

DJI (China), PrecisionHawk (US), Trimble Inc. (US), Parrot Drones (France), 3DR (US), AeroVironment, Inc. (US), Yamaha Motor Corp. (Japan), DroneDeploy (US), AgEagle Aerial Systems, Inc. (US), and OPTiM Corp. (Japan)—total 25 major players have been covered

This report categorizes the agriculture drones market based on product, application, end user, and geography.

Agriculture Drones Market, by Product

  • Hardware
  • Software and Services

Agriculture Drones Market, by Component

  • Frames
  • Controller Systems
  • Propulsion Systems
  • Camera Systems
  • Navigation Systems
  • Batteries
  • Other Components (Wires, connectors, power systems, carry cases, sprayers, and sprinklers)

Agriculture Drones Market, by Application

  • Precision Farming
  • Livestock Monitoring
  • Precision Fish Farming
  • Smart Greenhouse
  • Others (Horticulture, orchids, and forestry applications)

Agriculture Drones Market, by Geography

  • North America
  • Europe
  • APAC
  • RoW

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