Australia Agriculture Drones Market, By Offerings (Fixed Wing, Rotary Wing, Hybrid Wing); By Component (Cameras, Batteries, Navigation Systems, Others); By Farm Size (Small Farms, Mid-Sized Farms, Large Farms); By Application (Precision Agriculture, Livestock Monitoring, Smart Greenhouse, Irrigation, Precision Fish Farming, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Australia Agriculture Drones Market Size Zooming at CAGR of 35% to Cross USD 202 Million by 2029
Australia agriculture drones market is gaining traction because of the higher efficiency and cost savings and data driven decision-making.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Australia agriculture drones market size at USD 24.7 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Australia agriculture drones market size to grow at a robust CAGR of 35% reaching a value of USD 202.1 million by 2029. The rising food demand brought on by the country's expanding population and the growing use of precision farming are two major growth drivers for the Australia agriculture drones market. Additionally, throughout the forecast period, the agriculture drones market in Australia is anticipated to benefit from rising government initiatives to promote agricultural automation.
Australia Agriculture Drones Market – Overview
An agriculture drone is used in agriculture to monitor crop development and assist farmers in producing more crops. Farmers may get a more detailed view of their fields using sensors and digital imaging technologies. They can also monitor the condition of the plants in a certain region and identify which field areas need care by employing drones for agriculture mapping. Drones are also helpful with precision agriculture by carrying out a number of activities, such as soil health monitoring, seeding, fertilizer application, crop stress management, irrigation schedule planning, weed control, crop yield management, and weather analysis.
Australia Agriculture Drones Market
Segmental Information
Australia Agriculture Drones Market – By Component
Based on component, the Australia agriculture drones market is segmented into cameras, batteries, navigation systems, and others. The camera segment holds the largest share in the Australia agriculture drones market. The most common kind of camera used in agricultural drones is an RGB camera, which is suitable for basic crop mapping and monitoring. These cameras can record images in high quality, making them appropriate for determining the health of plants as well as their growth patterns and other visible traits.
Impact of COVID-19 on the Australia Agriculture Drones Market
The unprecedented COVID-19 pandemic presented lucrative growth opportunities to the Australia agriculture drones market. The imposition of regional lockdown and social distancing restrictions directly impacted the smooth functioning of the agriculture sector. The shortage of labor resulted in disruptions in the production activities, which caused decreased yield and reduced revenues for the farmers. This prompted the farmers to adopt advanced technologies such as agricultural robots and machinery and automation into their operations, which significantly boosted the demand for agriculture drones in Australia.
Competitive Landscape
Major players operating in the Australian agriculture drones market include PrecisionHawk, senseFly, Parrot, DJI, Yamaha Motor, Quantix, AgEagle Aerial Systems, DroneDeploy, Aerobotics, and Sentera.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Australia Agriculture Drones Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Australia Agriculture Drones Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Australia Agriculture Drones Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Higher Efficiency and Cost Savings
- 3.2.1.2. Data-driven Decision-Making
- 3.2.1.3. Timely Crop Health Monitoring
- 3.2.2. Restraints
- 3.2.2.1. Strict Regulations and Licensing Requirements
- 3.2.2.2. Technical Complexities in Operating Drones and Analyzing Data
- 3.2.3. Opportunities
- 3.2.3.1. Ongoing Technological Developments
- 3.2.3.2. Integration with Other Technologies
- 3.2.4. Challenges
- 3.2.4.1. Unfavorable Weather Conditions can Limit the Usability of Drones
- 3.3. Product Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Australia Agriculture Drones Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Offerings
- 4.2.1.1. Fixed Wing
- 4.2.1.2. Rotary Wing
- 4.2.1.3. Hybrid Wing
- 4.2.2. By Component
- 4.2.2.1. Cameras
- 4.2.2.2. Batteries
- 4.2.2.3. Navigation Systems
- 4.2.2.4. Others
- 4.2.3. By Farm Size
- 4.2.3.1. Small Farms
- 4.2.3.2. Mid-Sized Farms
- 4.2.3.3. Large Farms
- 4.2.4. By Application
- 4.2.4.1. Precision Agriculture
- 4.2.4.2. Livestock Monitoring
- 4.2.4.3. Smart Greenhouse
- 4.2.4.4. Irrigation
- 4.2.4.5. Precision Fish Farming
- 4.2.4.6. Others
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. Australia Agriculture Drones Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- 6. Impact of Covid-19 on Australia Agriculture Drones Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. PrecisionHawk
- 7.2. senseFly
- 7.3. Parrot
- 7.4. DJI
- 7.5. Yamaha Motor
- 7.6. Quantix
- 7.7. AgEagle Aerial Systems
- 7.8. DroneDeploy
- 7.9. Aerobotics
- 7.10. Sentera
- 7.11. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Country
- 9.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Australia Agriculture Drones Market Segmentation
- Figure 2 Australia Agriculture Drones Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Australia Agriculture Drones Market Size, By Value (USD Million), 2019–2029
- Figure 5 Australia Agriculture Drones Market Share, By Offerings, By Value, 2019–2029
- Figure 6 Australia Agriculture Drones Market Share, By Component, By Value, 2019–2029
- Figure 7 Australia Agriculture Drones Market Share, By Farm Size, By Value, 2019–2029
- Figure 8 Australia Agriculture Drones Market Share, By Application, By Value, 2019–2029
- List of Tables
- Table 1 Australia Agriculture Drones Market Size, By Value (USD Million), 2019–2029
- Table 2 Australia Agriculture Drones Market Size, By Offerings, By Value, 2019–2029
- Table 3 Australia Agriculture Drones Market Size, By Component, By Value, 2019–2029
- Table 4 Australia Agriculture Drones Market Size, By Farm Size, By Value, 2019–2029
- Table 5 Australia Agriculture Drones Market Size, By Application, By Value, 2019–2029
- Table 6 PrecisionHawk Company Overview
- Table 7 PrecisionHawk Financial Overview
- Table 8 senseFly Company Overview
- Table 9 senseFly Financial Overview
- Table 10 Parrot Company Overview
- Table 11 Parrot Financial Overview
- Table 12 DJI Company Overview
- Table 13 DJI Financial Overview
- Table 14 Yamaha Motor Company Overview
- Table 15 Yamaha Motor Financial Overview
- Table 16 Quantix Company Overview
- Table 17 Quantix Financial Overview
- Table 18 AgEagle Aerial Systems Company Overview
- Table 19 AgEagle Aerial Systems Financial Overview
- Table 20 DroneDeploy Company Overview
- Table 21 DroneDeploy Financial Overview
- Table 22 Aerobotics Company Overview
- Table 23 Aerobotics Financial Overview
- Table 24 Sentera Company Overview
- Table 25 Sentera Financial Overview
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook