Global Agricultural Drones Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Agricultural Drones Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Agricultural Drones market finds that the global Agricultural Drones market reached a value of USD 2214.28 million in 2022. It’s expected that the market will achieve USD 9733.32 million by 2028, exhibiting a CAGR of 27.99% during the forecast period.

Influence of COVID-19 Outbreak on Agricultural Drones Industry Development

During the COVID-19 epidemic, drones played an important role in disinfection operations. They can cover a much wider area than traditional methods, and at the same time can reduce the risk of workers, otherwise they may spend more time exposed to viruses and disinfectants. The application of disinfection is derived from the application of agricultural drones. In the agricultural field, drones have obvious advantages in crop planting (pollination), spraying pesticides, fertilizing, and monitoring growth and pests and diseases, whether compared with labor or traditional machinery. The application can better promote the development of smart agriculture and improve agricultural production efficiency.

At the end of February, the coronavirus epidemic spread globally. At the same time, the locust disaster also spread from Africa to Southeast Asia, which had a significant impact on global production development and people's lives. During this period, Pakistan, India and other countries used drones to participate in the control of locust disasters and achieved good results. With the increase in the market utilization rate of agricultural drones and the acceleration of the popularization of smart agriculture, the large-scale and professional operation of global agriculture will promote the development of the agricultural drone market.

Strength

Intelligent agricultural production, digital agricultural management, and precision agricultural services are inevitable development trends. The application of drones in the agricultural field has very obvious effect on agricultural production, which can help farmers improve production quality and efficiency, and effectively reduce production costs. As an emerging technology industry, agricultural drones are becoming more and more popular.
People’s awareness of precision agriculture has increased, and the use of agricultural drones has increased, and their applications in the agricultural field have become more and more extensive.
The demand for increased agricultural production is the driving force of the global agricultural drone market .

Weakness

Agricultural drones may be affected by weather conditions .
The start-up of agricultural drones requires a lot of investment in the early stage, and the risk is greater .
Product technical defects and the possibility of drones falling into crops limit the market .

Opportunities

The growth of the world’s population is putting pressure on global food supply, and the increase in global demand for food has promoted the growth of the agricultural drone market .
Manufacturers' investment in research and development funds and future breakthroughs in drone technology will become opportunities for the agricultural drone market.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

DJI, XAG, Hanhe Aviation, ATMOS UAV and SenseFly are the five key players in the global Agricultural Drones market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Agricultural Drones market in the past 5 years.

Dajiang Innovation Technology Inc. (DJI) is a technology company in the People's Republic of China that mainly produces and develops civilian unmanned aerial vehicles and aerial photography systems. The company is headquartered in Shenzhen, Guangdong Province, with offices in the United States, Germany, the Netherlands, Japan, Beijing and Hong Kong.

XAG is an agricultural drone service provider and a professional manufacturer of enterprise drone systems. XAG is committed to bringing drones, robots, autopilots, artificial intelligence and the Internet of Things into the field of agricultural production.

Segmentation Overview:

Among different product types, Multi Rotor Drones segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Crop Sprayin segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Agricultural Drones market covered in Chapter 3:

XAG
ATMOS UAV
SenseFly
Hanhe Aviation
DJI
Top Flight Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Agricultural Drones market from 2018 to 2029 is primarily split into:

Fixed Wing Drones
Multi Rotor Drones
Hybrid Drones

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Agricultural Drones market from 2018 to 2029 covers:

Field Mapping
VRA
Crop Scouting
Livestock
Crop Spraying
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)