Agriculture Drone Market - Global Outlook & Forecast 2023-2028

Agriculture Drone Market - Global Outlook & Forecast 2023-2028


The global agriculture drone market size is expected to grow at a CAGR of 22.94% from 2022 to 2028.

MARKET TRENDS & OPPORTUNITIES

Unleashing the Potential of Drone-As-A-Service

One significant trend emerging from the evolution of drone technology is the concept of “Drone-as-a-Service.” This term refers to the allocation of drone-based services that allow businesses to employ the power of aerial automation in infrastructure & drone hardware without investments. This trend is revolutionizing the way farmers approach their operations. This innovative concept involves the utilization of drones as a service rather than farmers owning and operating their fleet of drones. Under this model, specialized companies provide drone-based services to farmers, offering a range of capabilities tailored to their specific needs.

Shift Towards Smart Farming, Digital Farming, Precision Agriculture

Automation is a key aspect of smart farming and digital farming. Agriculture drones automate various traditionally performed tasks, saving time and reducing labor requirements. Drones can autonomously survey fields, collect data, and perform aerial spraying or seeding tasks. This automation allows farmers to focus on higher-value activities such as data analysis, decision-making, and implementing precision agriculture techniques. Agriculture drones' time and labor savings improve efficiency, productivity, and, ultimately, better crop quality.

INDUSTRY RESTRAINTS

High Initial Cost & Regulatory Barriers

Agriculture drones, especially those with advanced features and sensors, are expensive. The high cost of drones poses a barrier to entry for many farmers, particularly small-scale farmers or those operating in developing regions with limited financial resources. The cost includes the drone and additional software, training, and maintenance expenses. High costs limit adoption and slow agriculture drone market growth, particularly in price-sensitive markets.

SEGMENTATION INSIGHTS

INSIGHTS BY TYPE

The fixed-wing type segment dominates the global agriculture drone market. Fixed-wing drones have gained popularity in agriculture due to their ability to cover large areas efficiently. These drones offer longer flight times and carry heavier payloads, making them suitable for crop monitoring, mapping, and spraying tasks. However, fixed-wing drones cannot hover in place like multi-rotor drones, which limits their ability to perform tasks that require stationary flight.

Segmentation by Type
  • Fixed-Wing
  • Multi-Rotor
  • Hybrid
INSIGHTS BY SENSOR TYPE

The global agriculture drone market is categorized into four types of sensors- RGB, multi-spectral, Thermal, and Lidar. Multi-spectral accounts for the highest share of the industry as this sensor technology allows the farmer to see further than the naked eye. The multiple bands of light captured by these sensors facilitate precise analysis of plant vigor, canopy cover, leaves, and other plant parts. Without multi-spectral data, early detection of plant diseases, weeds, and pests and calculating vegetative biomass would be nearly impossible. As a result of these factors, the demand for multi-spectral sensors in the agriculture drone market is expected to continue growing.

Segmentation by Sensor Type
  • Multi-Spectral
  • RGB
  • Thermal
  • Others
INSIGHTS BY PAYLOAD CAPACITY

The global agriculture drone market comprises a wide range of payload capacity of agriculture drones. Some drones fall into the range of below 10 KG, 10-30 KG, and the bigger drones fall into the above 30 KG category. Agriculture drones with below 10 KG payload capacity held the highest share in the industry in 2022 but are likely to grow steadily during the forecast period. Drones with a payload capacity below 10 kg are typically used for small-scale agriculture operations and tasks that do not require heavy payloads. They are suitable for capturing detailed imagery of crops, detecting plant health issues, and generating accurate maps of fields.

Segmentation by Payload Capacity
  • Below 10 KG
  • 10-30 KG
  • Above 30 KG
INSIGHTS BY OPERATION MODE

The remote control operation mode held the largest global agriculture drone market share in 2022. In this mode, operators have real-time control over the drone's flight path, payload release, and data collection. Remote control operation provides flexibility and adaptability, as operators can adjust the drone's movements and actions. However, autonomous drones account for the lowest share but are likely to boost the industry with expected revenue of around USD 3.80 billion by 2028. Further, remote control drones held a bigger share than autonomous ones due to convenience and safety.

Segmentation by Operation Mode
  • Remote Control
  • Autonomous
INSIGHTS BY DISTRIBUTION CHANNEL

The global agriculture drone market is segmented into two distribution channels: direct and indirect. Indirect channels account for a bigger share than direct channels, as in this market, there are several retailers and intermediaries through which people can easily buy agriculture drones. Indirect distribution is favored by manufacturers who may not have extensive sales and distribution networks or prefer to leverage the expertise of established intermediaries.

Segmentation by Distribution Channel
  • Indirect
  • Direct
GEOGRAPHICAL ANALYSIS

North America accounted for the highest share of the global agriculture drone market, in 2022, due to large-scale farming operations and the availability of advanced technology. Further, the presence of key drone manufacturers and technology providers in the region has propelled the growth of drones. APAC region has also witnessed substantial growth in the agriculture drone market, primarily driven by countries such as China, Japan, and Australia. Due to increasing government initiatives and support, APAC will likely grow at the highest CAGR in the global agriculture drone market.

Segmentation by Geography
  • North America
  • The U.S.
  • Canada
  • Europe
  • France
  • Germany
  • Italy
  • The U.K.
  • Spain
  • APAC
  • China
  • Japan
  • Australia
  • India
  • South Korea
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Israel
  • Turkey
COMPETITIVE LANDSCAPE

The global agriculture drone market is highly competitive and diverse, with the presence of numerous established players as well as new entrants. Major global agriculture drone market players include DJI, Parrot SA, PrecisionHawk, Trimble Inc., AeroVironment Inc., Yamaha Motor Co., Ltd., and AgEagle Aerial Systems Inc. These players occupy a significant industry share and are constantly engaged in mergers and acquisitions, partnerships, and collaborations to strengthen their market position.

Key Company Profiles
  • DJI
  • Parrot Drone
  • Trimble
  • AgEagle Aerial Systems
  • AeroVironment
  • Yamaha Motor
  • XAG
Other Prominent Vendors
  • Aerial Drobotics
  • AKSATA
  • American Robotics
  • Asteria Aerospace
  • ATMOS UAV
  • AVULAR
  • Ayaan Autonomous Systems
  • Delair
  • Dragonfly
  • Hubblefly Technologies
  • IAI
  • JIYI
  • MICRODRONES
  • Nileworks
  • OPTiM Corporation
  • Sky-Drones Technologies
  • Thanos Technologies
KEY QUESTIONS ANSWERED:

1. How big is the agriculture drone market?

2. What is the growth rate of the global agriculture drone market?

3. Which region dominates the global agriculture drone market share?

4. What are the significant trends in the agriculture drone market?

5. Who are the key players in the global agriculture drone market?


1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY TYPE
4.3.2 MARKET SEGMENTATION BY SENSOR
4.3.3 MARKET SEGMENTATION BY PAYLOAD CAPACITY
4.3.4 MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
4.3.5 MARKET SEGMENTATION BY OPERATION MODE
4.3.6 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 PREMIUM INSIGHTS
6.1 MARKET DEFINITION
6.2 REPORT OVERVIEW
6.3 OPPORTUNITIES & CHALLENGE ANALYSIS
6.4 SEGMENT ANALYSIS
6.5 REGIONAL ANALYSIS
6.6 COMPETITIVE LANDSCAPE
6.7 KEY QUESTIONS ANSWERED IN THE REPORT
7 MARKET AT A GLANCE
8 INTRODUCTION
8.1 OVERVIEW
8.2 APPLICATIONS OF AGRICULTURE DRONES
8.2.1 SOIL ANALYSIS & CROP MONITORING
8.2.2 CROP SPRAYING & FERTILIZATION
8.2.3 SURVEYING & MAPPING
8.2.4 CROP HEALTH ASSESSMENT
8.2.5 OTHERS
8.3 AGRICULTURE INDUSTRY
8.3.1 AI IN AGRICULTURAL INDUSTRY
8.3.2 IMPACT OF COVID & POST-COVID SCENARIO
8.4 RISK FACTORS IN MARKET
8.5 GLOBAL ECONOMIC SCENARIO
8.6 VALUE CHAIN ANALYSIS
8.6.1 RAW MATERIAL SUPPLIERS
8.6.2 DRONE MANUFACTURERS
8.6.3 DISTRIBUTORS & RETAILERS
8.6.4 END-USERS
9 MARKET OPPORTUNITIES & TRENDS
9.1 INCREASING DEMAND FOR QUALITY CROP PRODUCTION
9.2 SHIFT TOWARD SMART FARMING, DIGITAL FARMING, & PRECISION AGRICULTURE
9.3 UNLEASHING THE POTENTIAL OF DRONE AS A SERVICE
9.4 RISING APPLICATIONS OF DRONE TECHNOLOGY IN AGRICULTURE SECTOR
10 MARKET GROWTH ENABLERS
10.1 GOVERNMENT-LED INITIATIVES PROPEL ADOPTION OF AGRICULTURE DRONES
10.2 IMPACT ON AGRICULTURE DUE TO GROWING POPULATION
10.3 INTRODUCTION OF SMART SENSORS & OTHER COMPONENTS
11 MARKET RESTRAINTS
11.1 LACK OF AWARENESS AND TECHNICAL KNOWLEDGE
11.2 LIMITED PENETRATION IN LOW- AND MIDDLE-INCOME COUNTRIES
11.3 HIGH INITIAL COST & REGULATORY BARRIERS
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 DEMAND INSIGHTS
12.3 RECENT LAUNCHES & PARTNERSHIPS IN THE MARKET
12.4 SWOT ANALYSIS
12.5 MARKET SIZE & FORECAST
12.6 FIVE FORCES ANALYSIS
12.6.1 THREAT OF NEW ENTRANTS
12.6.2 BARGAINING POWER OF SUPPLIERS
12.6.3 BARGAINING POWER OF BUYERS
12.6.4 THREAT OF SUBSTITUTES
12.6.5 COMPETITIVE RIVALRY
13 TYPE
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 FIXED-WING
13.3.1 MARKET SIZE & FORECAST
13.3.2 MARKET BY GEOGRAPHY
13.4 MULTI-ROTOR
13.4.1 MARKET SIZE & FORECAST
13.4.2 MARKET BY GEOGRAPHY
13.5 HYBRID
13.5.1 MARKET SIZE & FORECAST
13.5.2 MARKET BY GEOGRAPHY
14 SENSOR
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 MULTI-SPECTRAL
14.3.1 MARKET SIZE & FORECAST
14.3.2 MARKET BY GEOGRAPHY
14.4 RGB
14.4.1 MARKET SIZE & FORECAST
14.4.2 MARKET BY GEOGRAPHY
14.5 THERMAL
14.5.1 MARKET SIZE & FORECAST
14.5.2 MARKET BY GEOGRAPHY
14.6 OTHERS
14.6.1 MARKET SIZE & FORECAST
14.6.2 MARKET BY GEOGRAPHY
15 PAYLOAD CAPACITY
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 BELOW 10 KG
15.3.1 MARKET SIZE & FORECAST
15.3.2 MARKET BY GEOGRAPHY
15.4 10–30 KG
15.4.1 MARKET SIZE & FORECAST
15.4.2 MARKET BY GEOGRAPHY
15.5 ABOVE 30 KG
15.5.1 MARKET SIZE & FORECAST
15.5.2 MARKET BY GEOGRAPHY
16 OPERATION MODE
16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 MARKET OVERVIEW
16.3 REMOTE CONTROL
16.3.1 MARKET SIZE & FORECAST
16.3.2 MARKET BY GEOGRAPHY
16.4 AUTONOMOUS
16.4.1 MARKET SIZE & FORECAST
16.4.2 MARKET BY GEOGRAPHY
17 DISTRIBUTION CHANNEL
17.1 MARKET SNAPSHOT & GROWTH ENGINE
17.2 MARKET OVERVIEW
17.3 INDIRECT
17.3.1 MARKET SIZE & FORECAST
17.3.2 MARKET BY GEOGRAPHY
17.4 DIRECT
17.4.1 MARKET SIZE & FORECAST
17.4.2 MARKET BY GEOGRAPHY
18 GEOGRAPHY
18.1 MARKET SNAPSHOT & GROWTH ENGINE
18.2 GEOGRAPHIC OVERVIEW
19 NORTH AMERICA
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 TYPE
19.3.1 MARKET SIZE & FORECAST
19.4 SENSOR
19.4.1 MARKET SIZE & FORECAST
19.5 OPERATION MODE
19.5.1 MARKET SIZE & FORECAST
19.6 PAYLOAD CAPACITY
19.6.1 MARKET SIZE & FORECAST
19.7 DISTRIBUTION CHANNEL
19.7.1 MARKET SIZE & FORECAST
19.8 KEY COUNTRIES
19.8.1 US: MARKET SIZE & FORECAST
19.8.2 CANADA: MARKET SIZE & FORECAST
20 EUROPE
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 TYPE
20.3.1 MARKET SIZE & FORECAST
20.4 SENSOR
20.4.1 MARKET SIZE & FORECAST
20.5 OPERATION MODE
20.5.1 MARKET SIZE & FORECAST
20.6 PAYLOAD CAPACITY
20.6.1 MARKET SIZE & FORECAST
20.7 DISTRIBUTION CHANNEL
20.7.1 MARKET SIZE & FORECAST
20.8 KEY COUNTRIES
20.8.1 FRANCE: MARKET SIZE & FORECAST
20.8.2 GERMANY: MARKET SIZE & FORECAST
20.8.3 ITALY: MARKET SIZE & FORECAST
20.8.4 UK: MARKET SIZE & FORECAST
20.8.5 SPAIN: MARKET SIZE & FORECAST
21 APAC
21.1 MARKET OVERVIEW
21.2 MARKET SIZE & FORECAST
21.3 TYPE
21.3.1 MARKET SIZE & FORECAST
21.4 SENSOR
21.4.1 MARKET SIZE & FORECAST
21.5 OPERATION MODE
21.5.1 MARKET SIZE & FORECAST
21.6 PAYLOAD CAPACITY
21.6.1 MARKET SIZE & FORECAST
21.7 DISTRIBUTION CHANNEL
21.7.1 MARKET SIZE & FORECAST
21.8 KEY COUNTRIES
21.8.1 CHINA: MARKET SIZE & FORECAST
21.8.2 JAPAN: MARKET SIZE & FORECAST
21.8.3 AUSTRALIA: MARKET SIZE & FORECAST
21.8.4 INDIA: MARKET SIZE & FORECAST
21.8.5 SOUTH KOREA: MARKET SIZE & FORECAST
22 LATIN AMERICA
22.1 MARKET OVERVIEW
22.2 MARKET SIZE & FORECAST
22.3 TYPE
22.3.1 MARKET SIZE & FORECAST
22.4 SENSOR
22.4.1 MARKET SIZE & FORECAST
22.5 OPERATION MODE
22.5.1 MARKET SIZE & FORECAST
22.6 PAYLOAD CAPACITY
22.6.1 MARKET SIZE & FORECAST
22.7 DISTRIBUTION CHANNEL
22.7.1 MARKET SIZE & FORECAST
22.8 KEY COUNTRIES
22.8.1 BRAZIL: MARKET SIZE & FORECAST
22.8.2 ARGENTINA: MARKET SIZE & FORECAST
22.8.3 MEXICO: MARKET SIZE & FORECAST
23 MIDDLE EAST & AFRICA
23.1 MARKET OVERVIEW
23.2 MARKET SIZE & FORECAST
23.3 TYPE
23.3.1 MARKET SIZE & FORECAST
23.4 SENSOR
23.4.1 MARKET SIZE & FORECAST
23.5 OPERATION MODE
23.5.1 MARKET SIZE & FORECAST
23.6 PAYLOAD CAPACITY
23.6.1 MARKET SIZE & FORECAST
23.7 DISTRIBUTION CHANNEL
23.7.1 MARKET SIZE & FORECAST
23.8 KEY COUNTRIES
23.8.1 SAUDI ARABIA: MARKET SIZE & FORECAST
23.8.2 SOUTH AFRICA: MARKET SIZE & FORECAST
23.8.3 ISRAEL: MARKET SIZE & FORECAST
23.8.4 TURKEY: MARKET SIZE & FORECAST
24 COMPETITIVE LANDSCAPE
24.1 COMPETITION OVERVIEW
25 KEY COMPANY PROFILES
25.1 DJI
25.1.1 BUSINESS OVERVIEW
25.1.2 PRODUCT OFFERINGS
25.1.3 KEY STRATEGIES
25.1.4 KEY STRENGTHS
25.1.5 KEY OPPORTUNITIES
25.2 PARROT DRONE
25.2.1 BUSINESS OVERVIEW
25.2.2 PRODUCT OFFERINGS
25.2.3 KEY STRATEGIES
25.2.4 KEY STRENGTHS
25.2.5 KEY OPPORTUNITIES
25.3 TRIMBLE
25.3.1 BUSINESS OVERVIEW
25.3.2 PRODUCT OFFERINGS
25.3.3 KEY STRATEGIES
25.3.4 KEY STRENGTHS
25.3.5 KEY OPPORTUNITIES
25.4 AGEAGLE AERIAL SYSTEMS
25.4.1 BUSINESS OVERVIEW
25.4.2 PRODUCT OFFERINGS
25.4.3 KEY STRATEGIES
25.4.4 KEY STRENGTHS
25.4.5 KEY OPPORTUNITIES
25.5 AEROVIRONMENT
25.5.1 BUSINESS OVERVIEW
25.5.2 PRODUCT OFFERINGS
25.5.3 KEY STRATEGIES
25.5.4 KEY STRENGTHS
25.5.5 KEY OPPORTUNITIES
25.6 YAMAHA MOTOR
25.6.1 BUSINESS OVERVIEW
25.6.2 PRODUCT OFFERINGS
25.6.3 KEY STRATEGIES
25.6.4 KEY STRENGTHS
25.6.5 KEY OPPORTUNITIES
25.7 XAG
25.7.1 BUSINESS OVERVIEW
25.7.2 PRODUCT OFFERINGS
25.7.3 KEY STRATEGIES
25.7.4 KEY STRENGTHS
25.7.5 KEY OPPORTUNITIES
26 OTHER PROMINENT VENDORS
26.1 AERIAL DROBOTICS
26.1.1 BUSINESS OVERVIEW
26.1.2 PRODUCT OFFERINGS
26.2 AKSATA
26.2.1 BUSINESS OVERVIEW
26.2.2 PRODUCT OFFERINGS
26.3 AMERICAN ROBOTICS
26.3.1 BUSINESS OVERVIEW
26.3.2 PRODUCT OFFERINGS
26.4 ASTERIA AEROSPACE
26.4.1 BUSINESS OVERVIEW
26.4.2 PRODUCT OFFERINGS
26.5 ATMOS
26.5.1 BUSINESS OVERVIEW
26.5.2 PRODUCT OFFERINGS
26.6 AVULAR
26.6.1 BUSINESS OVERVIEW
26.6.2 PRODUCT OFFERINGS
26.7 AYAAN AUTONOMOUS SYSTEMS
26.7.1 BUSINESS OVERVIEW
26.7.2 PRODUCT OFFERINGS
26.8 DELAIR
26.8.1 BUSINESS OVERVIEW
26.8.2 PRODUCT OFFERINGS
26.9 DRAGANFLY
26.9.1 BUSINESS OVERVIEW
26.9.2 PRODUCT OFFERINGS
26.10 HUBBLEFLY TECHNOLOGIES
26.10.1 BUSINESS OVERVIEW
26.10.2 PRODUCT OFFERINGS
26.11 IAI
26.11.1 BUSINESS OVERVIEW
26.11.2 PRODUCT OFFERINGS
26.12 JIYI
26.12.1 BUSINESS OVERVIEW
26.12.2 PRODUCT OFFERINGS
26.13 MICRODRONES
26.13.1 BUSINESS OVERVIEW
26.13.2 PRODUCT OFFERINGS
26.14 NILEWORKS
26.14.1 BUSINESS OVERVIEW
26.14.2 PRODUCT OFFERINGS
26.15 OPTIM CORPORATION
26.15.1 BUSINESS OVERVIEW
26.15.2 PRODUCT OFFERINGS
26.16 SKY-DRONES TECHNOLOGIES
26.16.1 BUSINESS OVERVIEW
26.16.2 PRODUCT OFFERINGS
26.17 THANOS TECHNOLOGIES
26.17.1 BUSINESS OVERVIEW
26.17.2 PRODUCT OFFERINGS
27 REPORT SUMMARY
27.1 KEY TAKEAWAYS
27.2 STRATEGIC RECOMMENDATIONS
28 QUANTITATIVE SUMMARY
28.1 MARKET BY GEOGRAPHY
28.2 MARKET BY TYPE
28.3 MARKET BY SENSOR
28.4 MARKET BY OPERATION MODE
28.5 MARKET BY PAYLOAD CAPACITY
28.6 MARKET BY DISTRIBUTION CHANNEL
28.7 NORTH AMERICA
28.7.1 TYPE: MARKET SIZE & FORECAST
28.7.2 SENSOR: MARKET SIZE & FORECAST
28.7.3 OPERATION MODE: MARKET SIZE & FORECAST
28.7.4 PAYLOAD CAPACITY: MARKET SIZE & FORECAST
28.7.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
28.8 EUROPE
28.8.1 TYPE: MARKET SIZE & FORECAST
28.8.2 SENSOR: MARKET SIZE & FORECAST
28.8.3 OPERATION MODE: MARKET SIZE & FORECAST
28.8.4 PAYLOAD CAPACITY: MARKET SIZE & FORECAST
28.8.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
28.9 APAC
28.9.1 TYPE: MARKET SIZE & FORECAST
28.9.2 SENSOR: MARKET SIZE & FORECAST
28.9.3 OPERATION MODE: MARKET SIZE & FORECAST
28.9.4 PAYLOAD CAPACITY: MARKET SIZE & FORECAST
28.9.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
28.10 LATIN AMERICA
28.10.1 TYPE: MARKET SIZE & FORECAST
28.10.2 SENSOR: MARKET SIZE & FORECAST
28.10.3 OPERATION MODE: MARKET SIZE & FORECAST
28.10.4 PAYLOAD CAPACITY: MARKET SIZE & FORECAST
28.10.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
28.11 MIDDLE EAST & AFRICA
28.11.1 TYPE: MARKET SIZE & FORECAST
28.11.2 SENSOR: MARKET SIZE & FORECAST
28.11.3 OPERATION MODE: MARKET SIZE & FORECAST
28.11.4 PAYLOAD CAPACITY: MARKET SIZE & FORECAST
28.11.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
29 APPENDIX
29.1 ABBREVIATIONS

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