Press Release
Press Release
In 2020–22, the producer support estimate (PSE) for agriculture accounted for 46% in South Korea. To optimise crop management, resource allocation, and sustainable farming techniques, South Korea’s agriculture sector has employed drones. In South Korea, drones are used for about 30% of agricultural spraying.
The South Korea agriculture drone market expansion is being fuelled by the rising adoption of precision and smart agricultural practices. Drones play an essential role in revolutionising the agricultural sector by supporting resource optimisation, facilitating real-time agricultural monitoring, and supporting mapping and surveying activities.
The integration of innovative technologies such as machine learning and artificial intelligence in drones is supporting farmers make informed decisions while reducing overall wastage and chemical consumption. Hence, the growing adoption of sustainable agriculture practices is favouring the market growth.
Various companies in the market such as AeroVironment Inc. (NASDAQ: AVAV) and DJI Agriculture are attempting to promote the application of agriculture drones in South Korea. For instance, in February 2020, DJI Agriculture signed an exclusive agreement with Syngenta Korea to promote the development of technical standards for the drone-based application of pesticides.
In October 2023, South Korea's Cheonpoong Co., Ltd. and its dealers in Jinju and Jeongeup collaborated with Heilongjiang Huida Technology Co., Ltd. ("HUIDA TECH" for short), a leading manufacturer of agricultural drones, tractor autopilot systems, and intelligent water-saving irrigation systems in China. The collaboration was aimed at conducting smart agricultural machinery product demonstrations for the employees of agricultural machinery agencies and related civil servants.
Scientific and technological breakthroughs in agriculture were seen in the product demonstrations, which included 408 Beidou navigation farm machinery autopilot systems and HD540Pro agricultural drones. The latter boasts ease of operation as well as comprehensive and stable performance, enhancing the safety of farmers and the environment.
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The major players in the South Korea agriculture drone market are SZ DJI Technology Co., Ltd, Preneu Co. Ltd., Helsel Co., Ltd, GiantDrone Co., Ltd, UconSystem Co., Ltd, and XAG Co., Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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