Agriculture Drones Market Forecasts to 2028 – Global Analysis By Offering (Hardware, Software and Services), Component (Controller Systems, Propulsion System, Frames and Other Components), Environment (Indoor and Outdoor), Farm Produce (Fruits & Vegetable

Agriculture Drones Market Forecasts to 2028 – Global Analysis By Offering (Hardware, Software and Services), Component (Controller Systems, Propulsion System, Frames and Other Components), Environment (Indoor and Outdoor), Farm Produce (Fruits & Vegetables, Dairy & Livestock and Other Farm Produces), Technology (Manual, Autonomous and Other Technologies), Application and Geography

According to Stratistics MRC, the Global Agricultural Drones Market is accounted for $1.7 billion in 2022 and is expected to reach $5.9 billion by 2028 growing at a CAGR of 23.2% during the forecast period. Unmanned aerial vehicles (UAVs), commonly referred to as agricultural drones, can help with crop monitoring, crop production, and other areas of improving agricultural operations. Application of pesticides, planting, and inspection of agricultural fields and soil are just a few of the duties that drones are utilised for in precision agriculture. Drones in agriculture have many advantages, one of which is the efficient use of inputs like seeds, fertiliser, water, and other resources without using more than is necessary. Crop hazards including weeds, pests, and fungi can hinder the growth of the crop and cause production losses, which can be promptly identified and prevented through crop scouting. This should enable farmers to increase crop productivity while lowering overall expenses for resources such as water, fertiliser, and pesticides.

According to United Nations’ Department of Economic and Social Affairs, the world population is expected to reach 9.8 billion by the end of 2050 from the current population of 7.6 billion. According to the Agriculture Outlook 2019 report of the OECD, agricultural production is anticipated to grow by 15% in the next decade across the world.

Market Dynamics:

Driver:

Rise in need for precision farming technology

It is essential for farmers to comprehend and use technology that improve food production and meet the demands of rising food demand. The agriculture sector is the most promising sector of the economy, but it faces many challenges like a lack of workers who can work in farms, extreme weather, improper fertiliser application, infections, diseases, allergies, and other crop health issues caused by excessive application of fungicides, insecticides, pesticides, etc. or animal/insect bites. The use of agricultural drones in applications including irrigation, crop monitoring, soil and field analysis, bird control, and many more has the potential to overcome these problems.

Restraint:

Development of policies regarding the usage of drones

The market for agricultural drones is growing quickly and is anticipated to continue growing due to a number of factors. However, due to concerns about data privacy, government controls on the use of agriculture drones are limiting this rise. In the Small Unmanned Aircraft Rule (Part 107) for example, the Federal Aviation Administration (FAA) has prohibited policies like the requirement that unmanned aircraft must weigh less than 55 pounds, maintain a maximum altitude of 400 feet above ground level (AGL), and refrain from transporting hazardous materials, among others. Another reason that is impeding market expansion is cyber-security worries; if these are resolved, the industry may increase in the near future.

Opportunity:

Rising need for automated and continuous monitoring systems

The automation sector is developing quickly due to increased knowledge and capacity for handling critical activities that humans find challenging under the demanding working conditions. Continuous improvements and a rise in the number of sensor applications across a wide range of industrial verticals have accelerated the development of automation and monitoring systems, allowing company executives to make data-based decisions. Additionally, end-user industry verticals have benefited from increased knowledge about the predictive maintenance of heavy industrial machinery and other critical settings. Because there would be fewer battery-operated sensors and lower maintenance costs, this is anticipated to increase demand for agricultural drones.

Threat:

Lack of technical knowledge among farmers

Precision farming is a sophisticated agricultural practise that calls for technical expertise, which is hard to come by, making it challenging for farmers to implement cutting-edge precision farming technologies. Due to the resulting technology divide, farmers find it challenging to comprehend the principles and advantages of precision farming. The farming community in developing nations like China, India, Brazil, and the bulk of the African countries is constrained by a lack of technical expertise, which is a significant barrier.

Covid-19 Impact

The unique coronavirus outbreak's exceptional condition generated chaos among the enormous human population and government agencies, endangering lives. Due to this, the government enacted tight rules like lockdowns, traffic restrictions, and the closure of industrial and other non-commercial facilities. The implementation of ""stay at home"" laws, however, made labour scarce, boosted consumer demand, and slowed supply chain operations. However, due to a lack of experienced workers, a broken supply chain backed up transportation, a halt in semiconductor production activities, and other factors, the agriculture drone business suffered. In the meantime, as a result of limits on human movement, the demand for semiconductors increased due to the necessity for automation as well as monitoring in end-use industry verticals like agriculture. However, a number of problems that hindered the industry's operations, including supply chain interruptions, production delays, a labour shortage, insufficient supply and rising raw material prices, prevented this demand from being met.

The hardware segment is expected to be the largest during the forecast period

The hardware segment is estimated to have a lucrative growth, due to the increasing demand for replacement, upgrade, and modification in the drone hardware components to extend the life and performance of drones and to gain a competitive advantage. The firms' increasing focus on modifying and creating drone structures to make them operate in any extreme climatic circumstances is also contributing to the expansion of this market.

The autonomous segment is expected to have the highest CAGR during the forecast period

The autonomous segment is anticipated to witness the fastest CAGR growth during the forecast period. Drones with autonomous ground control systems, such as those used in agricultural applications, reduce the number of operators needed to manage the fleet through the use of automated supervisory procedures. Many agricultural applications, including data-collection missions and drone mapping, are currently carried out automatically. Additionally, it is projected that the sub-segment would have remarkable growth in the years to come because to advancements in autonomous technology like automated seeders and autonomous pollination drones that can operate and assess crop health without the need for humans.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rapid pace of market expansion is attributed to the modernisation of farming practises in the area and the presence of numerous farmers there—especially in countries like India, where the majority of the population considers farming to be a career. The rise of manufacturers in nations like China and Japan solidified the development of these nations and the region. In order to entice millions of consumers to adopt the technologies and build effective, productive, and healthy farms, it is envisaged that the governments in the aforementioned nations will promote their implementation and give drone technology at a relatively reduced cost.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the growing demand for automation in agricultural activities. Due to the advantages provided by agricultural drones, such as the increased need for precision farming technology and the rise in government initiatives to support efficient farming practises, among other such factors have increased the demand in the region, the US is anticipated to lead the country-level market in the North American region. In addition, there are important players like 3DR (US) and Ondas Networks present. Additionally, these important firms are making significant investments in the research and development of cutting-edge agricultural drones for a range of end-use scenarios.

Key players in the market

Some of the key players profiled in the Agricultural Drones Market include Ondas Networks, DJI, MICRODRONES, PrecisionHawk, Inc., AgEagle Aerial Systems Inc., Delair, IdeaForge, Yamaha Motor Corporation, U.S.A., DroneDeploy, AeroVironment, Inc., ISRAEL AEROSPACE INDUSTRIES, SenseFly, Sentera, Trimble Inc., THANOS, Timble Navigation Ltd, 3D Robotics, Parrot Drone and Sintera LLC.

Key Developments:

In November 2021, DJI, a leading manufacturer of agriculture drones, announced the launch of their new products including T40 and T20P that are specialized into agricultural activities including spreading pesticides and spraying fertilizers over the fruit trees.

In July 2021, Skylark Drones has raised USD 3 million to strengthen international market expansion and penetration, and to strengthen product offerings of drone data analytics. The company will be facilitating the customer base through geospatial intelligence for various industries such as agriculture, inspection, mining, and others.

In February 2021, DroneDeploy had announced the collaboration with Corteva Agriscience to yield yearround improved farming decisions through its agricultural drone fleets worldwide for precision farming applications.

In January 2021, AgEagle Aerial Systems Inc. (US), a drone manufacturing company announced their acquisition of MicaSense, Inc. from European group of drone companies- Parrot for over USD 23 million.

Offerings Covered:
• Hardware
• Software and Services
• Other Offerings

Components Covered:
• Controller Systems
• Propulsion System
• Frames
• Navigation Systems
• Camera Systems
• Batteries
• Other Components

Environment Covered:
• Indoor
• Outdoor

Farm Produces Covered:
• Fruits & Vegetables
• Dairy & Livestock
• Field Crops
• Other Farm Produces

Technologies Covered:
• Manual
• Autonomous
• Other Technologies

Applications Covered:
• Livestock Monitoring
• Precision Fish Farming
• Precision Farming
• Smart Greenhouse
• Soil & Field Analysis
• Crop Monitoring
• Planting & Seeding
• Crop Spray
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements