Agriculture Drone Market is projected to reach $14.06 billion by 2030
Agriculture Drone Market is protected to reach $14.06 billion by
The Agriculture Drone Market is projected to reach $14.06 billion by 2030, at a CAGR of 11.9% from 2023 to 2030. The growth of this market is attributed to the rising adoption of drones for smart farming in Asia-Pacific and Latin America, growth in venture funding for the development of agriculture drones, and integration of information and communication technologies (ICTs) in agriculture. However, the technical limitation of drones is restraining the market growth. To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/agriculture-drone-market-4986 The rising pressure on global food supply due to the growing global population and favorable government initiatives to promote automation in agriculture are expected to create significant opportunities for this market. However, the high initial and maintenance cost of drones and a lack of technical knowledge among farmers are challenging the growth of this market. The global agriculture drone market is segmented based on offering, payload, application, and geography. The study also evaluates industry competitors and analyses the regional and countrylevel markets.
Based on offering, the global agriculture drones market is segmented into hardware and software. The software segment is projected to register the highest CAGR during the forecast period. Developments in advanced drone software technology and the increasing demand for software for better data analysis in agriculture and analyzing data and image processing for surveying purposes in agriculture are the major factors driving the growth of this segment. The software segment is further classified into flight management software, data management software, drone mapping software, image processing software, and data analytics software. Download Free Sample Report: https://www.meticulousresearch.com/download-samplereport/cp_id=4986
© Meticulous Research|
[email protected]
Page 1 of 3
Agriculture Drone Market is protected to reach $14.06 billion by
Based on payload, the global agriculture drones market is segmented into less than 10 kg, 10 kg to 30 kg, and more than 30 kg. In 2023, less than 10 kg is expected to account for the largest share of the global agriculture drones market. Heavy payload leads to low flight range of drones, which restricts the growth of drones having heavy payload. Small drones come with less payload capacity. Such small drones are used for field mapping, crop scouting and monitoring crop health. The increasing application of field mapping and crop health monitoring in agriculture to leverage capabilities of data analytics and for better decision-making is contributing to the large market share of this segment. Request for Sample: https://www.meticulousresearch.com/request-sample-report/cp_id=4986 Based on applications, the global agriculture drones market is segmented into precision agriculture, livestock monitoring, precision fish farming, and other applications. The precision agriculture segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the support from governments across the world to raise awareness about precision farming and the increased use of data to increase efficiency in agriculture and grow agricultural revenue. The precision agriculture segment comprises field mapping/surveying, crop health monitoring, crop spraying, and seed planting. Based on geography, the global agriculture drones market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the agriculture drones market. The large share of this market is attributed to the growing demand for high-quality crops, the growing cost of labor, the increasing adoption of automation and advanced technologies in the agriculture sector, and government initiatives for the adoption of precision farming. Customize my Report: https://www.meticulousresearch.com/request-customization/cp_id=4986 Key Players: The key players profiled in the global agriculture drones market study include SZ DJI Technology Co., Ltd. (China), Parrot Drones SAS (France), PrecisionHawk, Inc. (U.S.), AeroVironment, Inc. (U.S.), AgEagle Aerial Systems Inc. (U.S.), American Robotics, Inc. (U.S.), Yamaha Motor Co., Ltd. (Japan), Sentera Inc. (U.S.), mdGroup Germany GmbH (Germany), GUANGZHOU XAG CO., LTD. (China), Atmos UAV B.V. (Netherlands), Marut Dronetech Private Limited (India), Israel Aerospace Industries Ltd. (Israel), DroneDeploy, Inc. (U.S.), and Garuda Aerospace Pvt Ltd (India). About Meticulous research: We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings – syndicated research, custom research, and analyst engagement — we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
© Meticulous Research|
[email protected]
Page 2 of 3
Agriculture Drone Market is protected to reach $14.06 billion by
Buy Now: https://www.meticulousresearch.com/Checkout/88641402 Contact Us: Meticulous Research® Email-
[email protected] Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
© Meticulous Research|
[email protected]
Page 3 of 3
