March 31, 2020

Agricultural Drones Market will be growing at a CAGR of 18.5% during the forecast period from 2018 to 2026

According to a new market report published by Credence Research Inc., “Global Agricultural Drones Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2018 – 2026”, the global market for agricultural drones is expected to grow by 18.5 per cent CAGR during the 2018-2026 forecast period.

Product Insights

The global market for agricultural drones is likely to reach high levels in the coming years, with the agricultural industry witnessing a shift from conventional to mechanized farming practices. Advances in technology and the resulting shift towards automated solutions drive traditional farm equipment towards obsolescence, creating demand for state-of – the-art automated solutions. Rapid technological advances have led to the development of agricultural Unmanned Aerial Vehicles (UAVs) with superior imaging capabilities and features.

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The agricultural drone manufacturers across the globe are focusing on developing drones with technologies including GPS, GIS (Geographic Information System), and autopilot system to aid farmers in applications including crop scouting, field mapping, etc. The competences of drones to accurately sprinkle fertilizers without disturbing soil fertility is expected to boost their adoption for crop scouting applications in the coming years. On the contrary, lack of technical know-how and limited availability of skilled labors for the operation of state-of-the-art drones is identified as the major factor inhibiting widespread adoption of drones. Furthermore, owning drones as a legal entity and acquiring privacy rights is another major concern for the market.

Competitive Insights:

Some of the major and established players identified in the global agricultural drones market include Honeycomb Corporation, Ageagle LLC, Ursula Agriculture, Delair-Tech SAS, Yamaha Motor Co., Ltd., Eagle UAV Services, DJI, Parrot SA, Precisionhawk, and Trimble Navigation Limited. In order to expand their offerings and better penetrate markets, the manufacturers are foreseeing an opportunity to expand their offerings by providing agricultural drones on rental basis.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Application Type

  • Variable Rate Application (VRA)
  • Crop Scouting
  • Field Mapping
  • Others (Livestock, Agriculture Photography, etc.)

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

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