Agriculture Drones Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Agriculture Drone Market
The agriculture drone market size was valued at USD 4.17 billion in 2022, and the market is now projected to grow from USD 4.98 billion in 2023 to USD 18.22 billion by 2030, exhibiting a CAGR of 20.3% during the forecast period of 2023-2030.
The COVID-19 pandemic created significant opportunities on the agriculture drone market growth as curbing coronavirus outbreak was prioritized. The pandemic created an unexpected need for numerous one-of-a-kind types of equipment for agricultural sports in numerous countries. For numerous months, hard work shortages because of the pandemic avoided the clean operation of delivery chains, reduced revenues, and reduced productivity.
The agriculture drone market share globally has been contributed due to the rising support by various governments. Governments around the world are more and more supporting the adoption of agriculture drones through diverse regulations and initiatives. The assistance of governments consists of R&D projects, tax incentives, subsidies, schooling and education, regulatory frameworks, and others.
Furthermore, there’s been a notable trend of the use of multi-spectral imaging and real-time data management. The multi-spectral imaging era is being used in drones on farms to seize statistics across specific wavelengths of light. This can help farmers pick out crop health troubles that aren't visible to the naked eye, including nutrient deficiencies or water health.
Comprehensive Analysis of Agriculture Drone Market
The agriculture drone market and aerospace & defense industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the aerospace & defense industry. These segmentations are methodically segregated by types, component, and application. The types include, Fixed Wing, Rotary Wing, and Hybrid. However, the application is such as Field Mapping & Monitoring, Crop Spraying, Crop Scouting, Variable Rate Application, Livestock Monitoring, and Others.
The European region is conducive to the global agriculture drone market, leading to a recall of USD 1.3 billion owing to strong research and development capabilities. This region's growth is due to a mixture of things, such as the call for drones in agriculture, strong research and development capabilities, a boom in investment, and others.
The top players in the market play a crucial role in the aerospace & defense industry assuring industrial prospectus growth and setting market standards. These players include, Trimble Navigation Ltd. (U.S.), Drone Deploy (U.S.), DJI (China), Precision Hawk Inc (U.S.), 3D Robotics (U.S.), Ag Eagle (U.S.), Parrot Drone (France), AeroVironment Inc. (U.S.), Sintera LLC (U.S.), and Delair Tech SAS (France) these market players provide a level-playing competitive landscape.
In January 2023, drone producer XAG announced that the U.K.'s Civil Aviation Authority (CAA) had granted operational acclaim for its P40 and V40 agricultural sprayers. This is the first time drone spreading and spraying have been legalized on U.K. farms.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 20.3% from 2023 to 2030
Unit Value (USD Million)
Segmentation By Type, Component, Hardware, Software, Application, and Geography
By Type
Fixed Wing
Rotary Wing
Hybrid
By Component
Hardware
Software
By Hardware
Frames
Control Systems
Propulsion System
Navigation System
Payload
Avionics
Others
By Software
Imaging Software
Data Management Software
Data Analytics Software
Others
By Application
Field Mapping & Monitoring
Crop Spraying
Crop Scouting
Variable Rate Application
Livestock Monitoring
Others
By Geography North America (By Type, Component, Hardware, Software, Application, and Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Type, Component, Hardware, Software, Application, and Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Russia (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, Component, Hardware, Software, Application, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- South Korea (By Application)
- Australia (By Application)
- Rest of Asia Pacific (By Application)
Rest of the World (By Type, Component, Hardware, Software, Application, and Country)
- Middle East & Africa (By Application)
- Latin America (By Application)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.