Agriculture Drones Market

Market Leader - Agriculture Drones Market

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%. A few key factors driving the growth of this market are pressure on global food supply due to growing world population and increase in venture funding for the development of agriculture drones.

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 among the major players in the agriculture drones market. Most of the leading companies have used product launches and developments as key strategies to boost their revenues.

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Top 2 Market Players:

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 multi-rotors, accessories for helicopters, camera gimbals (aerial and handheld), and ground stations. With the DJI Phantom series, farmers are able to evaluate their crop health 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.

PrecisionHawk (US) is a provider of aerial data and safety platforms for drones. The company uses drones to collect data for a variety of industries, including agriculture, energy, forestry, and government. PrecisionHawk is at the forefront of policy and technology development efforts to foster global adoption of commercial drone technology. PrecisionHawk has reset its focus on agriculture with the growing demand from precision farming applications such as crop scouting and crop health assessment. The company’s focus is on gathering the most precise and complete data to provide usable and easy to understand data. To grow in the agriculture drones market, PrecisionHawk has selected a mix of organic and inorganic growth strategies such as product launches and partnerships. For example, in October 2018, PrecisionHawk partnered with DJI (China) to improve its geofencing technology. Furthermore, in May 2018, PrecisionHawk launched the BVLOS-enabled multi-rotor drone platform.

Related Reports:

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

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Report Code
SE 4372
RI Published ON
5/17/2019
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