Global Agriculture Drone Market Definition

An Agriculture drone is used in agriculture operations, mostly in field development, yield optimization, and in monitoring crop growth and crop production. Agricultural drones access information on crop growth stages, crop health, and soil variations at the different intervals in a field. Drones provide data from the crop which helps farmers to analyze their crops and make decisions on how to proceed further for improving the crop production. The digital imaging capabilities and drone sensors help in providing a clear picture of the farm to the farmers.

Global Agriculture Drone Market: Key Insights

Global Agriculture Drone Market Highlights Over 2022 - 2035

The global agriculture drone market is estimated to garner a revenue of USD 13 Billion by the end of 2035 by growing at a CAGR of ~22% over the forecast period, i.e., 2022 – 2035. Further, the market generated a revenue of USD 1 Billion in the year 2022.  An agricultural drone has software-controlled flight plans embedded in an unmanned aerial vehicle enabling it to be helpful in agricultural processes like monitoring crop growth and production and optimization of yield. In addition to providing information on crop health, crop growth stages, and soil variations, agriculture drones help in pesticide and seed spraying. Agricultural drones reduce the time and money spent on field mapping, crop scouting, and aerial photography. The rising food demand in the world is the foremost factor driving the growth of the global agriculture drone market. For instance, the global food demand is anticipated to increase up to 36% by 2030.

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It is estimated that between 117 million and 162 million people experienced hunger for the first time in 2020. Low affordability resulting from high costs makes healthy and nutritious food inaccessible to billions of people worldwide. More than 600 million people have been projected to face hunger in 2030, especially as the effect of COVID-19 on global food security increases. It is under these circumstances that the future of drones in agriculture is being discussed gravely. Precision farming is being facilitated by government rules making drones affordable for farmers, which is creating demand in the global agriculture drone market.

Global Agriculture Drone Market: Growth Drivers and Challenges

Growth Drivers

• Steady Growth of Population Furthering Food Demand – The world population is expected to reach about 10 billion in 2050 and to increase by another billion by 2100. Several factors, including an increase in the number of people reaching reproductive age, changes in fertility rates, massive migration, and rapid urbanization, affect population growth. The demand for food is projected to rise by 100% by 2050 as it grows in tandem with the ever-increasing population. The use of agriculture drones can help considerably in increasing food production as drones can collect data about all aspects of farming, from the health of crops to pest activities, more quickly and effectively than in traditional methods, thus facilitating the quick implementation of remedial measures.

• Large Significance of Big Data in Agriculture – Agriculture drones help collect big data about the disruptions in the supply chain of various crops. This, in turn, helps in the effective production and delivery of agricultural products to meet the rising demand. In the U.S. technologies used in agriculture, drones are estimated to reduce food-borne illnesses by more than 70 million a year.

• Importance Given to Precision Farming – Precision farming aims to increase crop production and profitability while reducing traditional agricultural inputs, including land, water, fertilizers, insecticides, and more. This makes precision farming attractive, and it is estimated that only in Europe, up to 80% of new farm devices sold have incorporated technologies for precision agriculture.

• Effective Use of Automation in Farming – Various technologies are used to automate the production cycle of crops and livestock. An instance is the use of robotic milking systems. It is estimated that a minimum of 34999 robotic milking systems are in use worldwide. These help farmers in reducing labor costs.

• Effective Use of Technological Innovations – Presently agriculture incorporates many new technologies to increase production following the food demand. It is estimated that as of 2022, the most influential agricultural tech (AG tech) innovation is internet of things (IoT), which enables farmers to monitor the growth of crops. The second and third most popular AG tech for 2022 is robotics and artificial intelligence (AI), respectively.

Challenges

• Unaffordability of Technological Innovations by Small Farmers – It is very new and technological skill for farmers to understand and afford drones, which results in non- acceptance of drones by farmers.

• Commercial Drone Regulations by Governments

• Obstacles Caused to All Industries by COVID-19

The global agriculture drone market is segmented and analyzed for demand and supply by application into precision agriculture, livestock monitoring, smart greenhouse, irrigation, and precision fish farming. Of these, the precision agriculture segment is anticipated to hold the largest market size by the end of 2031. The main reason for the growth of precision agriculture in the forecast period is the acknowledgment of the relevance of data analytics. For instance, in 2021, data-driven culture was recognized as one of the top three business intelligence trends. Data-driven decision-making in agriculture results in many benefits, including increased innovation and productivity, better preparation for environmental challenges, wastage reduction, improved profitability, and improved management of the supply chain by farmers. Smartphones are the principal medium that enables big data collection in agriculture. For the same reason, the growth in the use of smartphones is thought to impact precision farming. Presently, more than 2 billion mobile phone users have been estimated to use smartphones. Lastly, precision agriculture also grows through the use of AI-based solutions and smart sensors.

Global Agriculture Drone Market Regional Synopsis

Regionally, the global agriculture drone market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in North American is projected to hold the largest market share by the end of 2031. The enormous food demand and exports of farm products from the region are the primary reasons for the market growth there. For instance, a single farm in the United States (U.S.) is thought to feed more than 160 people in and out of the country. Growing inflation is also considered to have effects on the agriculture drone market in North America. Presently the annual inflation rate in the U.S. has been estimated to be ~9%. Another factor that affects the agriculture drone market growth in North America is the increase in the use of commercial drones there.

Market Segmentation

Our in-depth analysis of the global agriculture drone market includes the following segments:

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Key Companies Dominating the Global Agriculture Drone Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global agriculture drone market that are included in our report are AeroVironment, Inc., AgEagle Aerial Systems Inc, American Robotics, Inc., SZ DJI Technology Co., Ltd., Israel Aerospace Industries Ltd., MICRODRONES, Parrot Drones SAS, PrecisionHawk, Inc., Trimble Inc., Yamaha Motor Corporation U.S.A., and others.

Global Agriculture Drone Market: Latest Developments

• July, 2022: SZ DJI Technology Co., Ltd. – announced the release of the Agricultural Drone Industry Insights Report for 2021. The report focuses on topics including spray drift concerns, environmental concerns, and exploration of best practices for drone spraying.

• August, 2019: AeroVironment, Inc. – announced its 2019 University Collaboration Project, as a part of which 87 AeroVironment Decision Support System (AV DSS) and Quantix hybrid drone ecosystems to the agricultural departments of 35 universities in the U.S., including The Ohio State University, Purdue University, Cornell University, and more.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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