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Global Agriculture Drone Market: By Product: Fixed Wing, Rotary Blade, Hybrid; By Application: Field Mapping, Variable Rate Application, Crop Scouting, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis, Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Agriculture Drone Market Outlook

The global agriculture drone market reached a value of about USD 964.7 million in 2020. The industry is further expected to grow at a CAGR of about 40.60% in the forecast period of 2021-2026 to reach a value of around USD 7,452.7 billion by 2026.

 

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: Industry Definition and 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.

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.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Agriculture Drone Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Agriculture Drone Historical Market (2016-2020) 
    8.3    Global Agriculture Drone Market Forecast (2021-2026)
    8.4    Global Agriculture Drone Market by Product
        8.4.1    Fixed Wing
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Rotary Blade
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Hybrid
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Agriculture Drone Market by Application
        8.5.1    Field Mapping
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Variable Rate Application
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Crop Scouting
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Agriculture Drone Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    3D Robotics, Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    AeroVironment, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    SZ DJI Technology Co., Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    HoneyComb Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Agribotix, LLC
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Agriculture Drone Market: Key Industry Highlights, 2016 and 2026
2.    Global Agriculture Drone Historical Market: Breakup by Product (USD Million), 2016-2020
3.    Global Agriculture Drone Market Forecast: Breakup by Product (USD Million), 2021-2026
4.    Global Agriculture Drone Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Global Agriculture Drone Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Global Agriculture Drone Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Agriculture Drone Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Agriculture Drone Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Agriculture Drone Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Agriculture Drone Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Agriculture Drone Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Agriculture Drone Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Agriculture Drone Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Agriculture Drone Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Latin America Agriculture Drone Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Agriculture Drone Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Agriculture Drone Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Global Agriculture Drone Market Structure

Key Questions Answered in the Report

In 2020, the global agriculture drone market attained a value of nearly USD 964.7 million.

The market is projected to grow at a CAGR of 40.6% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach almost USD 7,452.7 million by 2026.

The major drivers of the market include the increasing population, lack of skilled farmers, availability of arable farms, government support through subsidies, innovations in the GPS mapping field, and increasing automation.

The increasing technological advancements in equipment and for enhancing the quality of the farming techniques are the key industry trends propelling the growth of the market.

The major regions in the industry 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 industry are field mapping, variable rate application, and crop scouting, among others.

The major players in the industry 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 964.7 million in 2020, 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 2021-2026, growing at a CAGR of 40.6%. The market is projected to reach nearly USD 7,452.7 million by 2026.

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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