Reports
Global Agriculture Drone Market Size, Share, Forecast: By Product: Fixed Wing, Rotary Blade, Hybrid; By Application: Field Mapping, Variable Rate Application, Crop Scouting, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; 2024-2032
Global Agriculture Drone Market Outlook
The global agriculture drone market reached a value of about USD 2681.31 million in 2023. The industry is further expected to grow at a CAGR of about 40.60% in the forecast period of 2024-2032 to reach a value of around USD 57573.91 billion by 2032.
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North America to be a Significant Regional Market for Agriculture Drone
North America is expected to have one of the largest shares in the global market of agriculture drone, along with Europe and the Asia Pacific. The growing demand for high-quality crops, rising labour costs, increasing automation in agricultural practices, and favourable regulations on the use of small drones for agriculture has driven the market for agriculture drone in North America. The increasing adoption of drones in various applications, including spraying, seeding, and livestock farming, has also favourably aided the market growth in the region. Within North America, the United States is a significant regional market for agriculture drone. Major organisations and government institutions in the country are intensely putting resources into the technological development of the agricultural sector, which is projected to aid the agriculture drone industry in the United States.
Europe is one of the most advanced markets for the adoption of innovative technologies in agriculture, which has enabled the market growth within the region. Meanwhile, the market in the Asia Pacific region is slated to register growth at a robust rate. The adoption rate of smart agriculture techniques is likely to grow at a high pace in this region, mainly led by emerging countries such as India and China, which is expected to propel the market growth. The rapid growth of the population, rising food demand, and the region's accelerated economic growth are some of the factors contributing to the market's expansion.
Agriculture Drone: Market Segmentation
Agriculture drone is an unmanned aerial vehicle that is used to track crop growth and increase output. The drone, which is equipped with digital imaging capabilities and advanced sensors, gives farmers a detailed picture of their farms, allowing them to improve farm efficiency and crop yields. It provides a bird's-eye view of the field, allowing farmers to spot issues such as fungal/pest infestations, irrigation issues, and soil variation. These perspectives aid farmers in assessing crop growth and production.
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By product, the market is categorised into:
- Fixed Wing
- Rotary Blade
- Hybrid
Based on application, the market is segmented into:
- Field Mapping
- Variable Rate Application
- Crop Scouting
- Others
The regional markets for agriculture drone can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Innovative Technologies Boosting the Market Growth of Agriculture Drone
Agriculture drones have become more prominent in the overall agriculture market as a result of increased technological advancements in equipment and are used for improving the quality of farming techniques. Modernisation and automation have become a positive trend in agriculture as it has become the most efficient way to meet the needs of a fast-rising population. Thus, the rapidly increasing population, along with the availability of arable farms and government support through subsidies are the major factors driving the adoption of agriculture drones. Increased automation in the agricultural process because of the shortage of skilled farmers and an ageing farmer population is also expected to boost the market growth. A favourable shift in regulatory policy is also expected to allow start-ups to work in both small and large farming operations, assisting with disease and water management.
Over the forecast period, advancements in precision agriculture, combined with GPS mapping innovations, are expected to propel the industry forward. Drones have the potential to improve plantation with crop rotation strategies and provide critical inputs about crop progress on a daily basis, contributing to the market growth. Companies in the industry are developing and manufacturing data collection systems and incorporating them into business models, which is expected to further boost industry growth. Farmers can use the data collected by drones to improve yields, supply water, fertiliser, or chemicals as needed, map their fields, check for disease, monitor crop health, and save time in the process, which is projected to enable the increased adoption of the product over the forecast period.
Key Industry Players in the Global Agriculture Drone Market
The report gives a detailed analysis of the following key players in the global agriculture drone market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 3D Robotics, Inc.
- AeroVironment, Inc.
- SZ DJI Technology Co., Ltd.
- HoneyComb Corporation
- Agribotix, LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region |
| Breakup by Product | Fixed Wing, Rotary Blade, Hybrid |
| Breakup by Application | Field Mapping, Variable Rate Application, Crop Scouting, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 3D Robotics, Inc., AeroVironment, Inc., SZ DJI Technology Co., Ltd., HoneyComb Corporation, Agribotix, LLC, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Agriculture Drone Market Analysis
8.1 Key Industry Highlights
8.2 Global Agriculture Drone Historical Market (2018-2023)
8.3 Global Agriculture Drone Market Forecast (2024-2032)
8.4 Global Agriculture Drone Market by Product
8.4.1 Fixed Wing
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rotary Blade
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hybrid
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Agriculture Drone Market by Application
8.5.1 Field Mapping
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Variable Rate Application
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Crop Scouting
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Agriculture Drone Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Agriculture Drone Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Agriculture Drone Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Agriculture Drone Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Agriculture Drone Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Agriculture Drone Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 3D Robotics, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 AeroVironment, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 SZ DJI Technology Co., Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 HoneyComb Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Agribotix, LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Agriculture Drone Market: Key Industry Highlights, 2018 and 2032
2. Global Agriculture Drone Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Agriculture Drone Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Agriculture Drone Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Agriculture Drone Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Agriculture Drone Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Agriculture Drone Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Agriculture Drone Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Agriculture Drone Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Agriculture Drone Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Agriculture Drone Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Agriculture Drone Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Agriculture Drone Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Agriculture Drone Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Agriculture Drone Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Agriculture Drone Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Agriculture Drone Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Agriculture Drone Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 2681.31 million.
The market is projected to grow at a CAGR of 40.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 57573.91 billion by 2032.
The major drivers of the market include the increasing population, availability of arable farms, support by various governments through subsidies, innovations in the GPS mapping, and the increasing automation.
The increasing technological advancements in equipment and latest enhancements in the quality of the farming techniques by the market players are the key trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products of agriculture drone in the market are fixed wing, rotary blade, and hybrid.
The significant applications of agriculture drone in the market are field mapping, variable rate application, and crop scouting, among others.
The key players in the global agriculture drone market are 3D Robotics, Inc., AeroVironment, Inc., SZ DJI Technology Co., Ltd., HoneyComb Corporation, and Agribotix, LLC, among others.
Analyst Review
The global agriculture drone market attained a value of almost USD 2681.31 million in 2023, driven by the technological advancements. Aided by the increasing population, government support, and the lack of skilled farmers, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 40.6%. The market is projected to reach nearly USD 57573.91 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of product, the market is divided into fixed wing, rotary blade, and hybrid. Based on the application, the market can be segmented into field mapping, variable rate application, and crop scouting, among others. The major regional markets for agriculture drone are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are 3D Robotics, Inc., AeroVironment, Inc., SZ DJI Technology Co., Ltd., HoneyComb Corporation, and Agribotix, LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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