Asia-Pacific Agricultural Drone Market: Current Analysis and Forecast (2022-2028)

Asia-Pacific Agricultural Drone Market: Current Analysis and Forecast (2022-2028)

Drones are one of the most developed robotics technologies, that is being used in the agriculture sector. With the rapid technological breakthrough, farmers are opting for agricultural drones to enhance their agricultural productivity. Being one of the newest and most efficient tools in agriculture, they assist the farmers in a wide range of tasks from analyzing and planning to the actual planting of crops, and the subsequent monitoring of fields to ascertain the health and growth of crops. Furthermore, surging investments by established players along with favorable government policies across the world are expected to allow large and small operations to aid in effective farming practices.

The rising population coupled with the growing need for food is leading to the growing demand for the agriculture drones for various reasons such as crop monitoring, field mapping, crop praying, etc., By 2030, Asia’s population is projected to be 250 million people larger and 65% of the world’s middle-class population will reside in Asia-Pacific. Asia-Pacific is a major component in the current global food chain, accounting for 19% of total global food and agriculture exports, and 31% of total food and agriculture imports.

Based on the drone type, the market is fragmented into Fixed Wing, Multi—Rotor, and Hybrid. The Multi-rotor segment grabbed XX% market share and dominated the market in 2020. The market of this segment would reach USD XX Mn by 2028. Rotary wing drones are extensively used for numerous farming applications owing to their excellent structural benefits. The multi-rotors have an advantage in terms of vertical takeoff and landing (VTOL), without needing any additional space for flight, for carrying heavy payloads. Multi-rotor drones can also fly for longer hours, especially for image capturing, aerial photography, and precision spraying. However, the hybrid segment would witness a robust CAGR in the forthcoming years.

Based on the application, the market is fragmented into Field Mapping, Agricultural Photography, Crop Spraying, Crop Monitoring, Soil Monitoring, and Others. The field mapping segment grabbed XX% market share and captured USD XX Mn market in 2020. The key benefits such as a timely collection of geospatial information regarding plant or soil properties and requirements, and later applying and prescribing site-specific treatments to increase productivity while protecting the environment at the same time is contributing to the growing market of this segment.

For a better understanding of the market adoption of the Agricultural Drone Market, the market is analyzed based on its presence in the countries such as China, Japan, India, Australia, Singapore, and the Rest of APAC. China grabbed XX% market for the Agricultural Drone Market industry and generated revenue of USD XX Million in 2020. The emerging number of players in the country coupled with the growing adoption of drones in the agriculture sector is contributing to the market growth. About 70% of the world’s civilian drone market is supported by China, with about 1200 drone manufacturers in 2019, up from 130 manufacturers in 2013.

Some of the major players operating in the market are DJI, Precision Hawk, Trimble Inc, Parrot Drones, 3DR, AeroVironment, Inc., Yamaha Motor Corp., DroneDeploy, AgEagle Aerial Systems, Inc, OPTiM Corp, etc., Several M&As along with partnerships have been undertaken by these players to develop Agricultural Drone across the countries.