Agricultural Drones Market (By Component: Hardware, Software; By Application: Crop Monitoring, Soil & Field Analysis, Planting & Seeding, Crop Spray, Others; By Type: Fixed-Wing, Rotary-Wing, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030

According to Nova one advisor, the global agricultural drone market size was exhibited at USD 1.7 billion in 2022 and is projected to hit around USD 7.9 billion by 2030, growing at a CAGR of 21.2% during the forecast period 2022 to 2030.

Agriculture drones are unmanned aerial vehicle that are used in agricultural activities assisting farmers in collecting, processing, analyzing, and drawing insights from data collected by drones. These insights help achieve precision agriculture through its applications including irrigation monitoring, crop monitoring, soil and crop field analysis, bird/locust control, planting and pesticide spraying, field mapping, variable rate application, crop scouting, and others. Drones in agriculture benefit in several ways including optimization of use of inputs such as seeds, fertilizers, water, and other such resources without exceeding the required quantities. Meanwhile, the threats to the crop such as weeds, pests, and fungi may leave the crop growth hampered leading to yield losses which maybe timely detected and saved through crop scouting that comprises of validated treatment and actions taken. This is expected to help farmers to maximize the crop efficiency while minimizing the overall costs incurred for water, fertilizers, pesticides, and other resources.

Some of the factors that drive the agriculture drones market comprise of rise in need for precision farming technology and increasing government initiatives to promote efficient farming practices that increase the productivity and benefit the farmers. On the other hand, development of policies regarding the usage of drones owing to data privacy concerns is hampering this growth trend in market. However, the market is opportune by increasing automation across agricultural activities. Further, lack of internet connectivity infrastructure creates challenges for the market.

Report Scope of the Agricultural Drones Market

Market Dynamics

DRIVER
Rise in need for precision farming technology

According to United Nations’ Department of Economic and Social Affairs, the world population is expected to reach 9.8 billion by the end of 2050 from the current population of 7.6 billion. It is extremely important for farmers to understand and adopt technologies that enhance the food production and cater to the need of increased food demand. Agriculture sector is the most promising industry, today is dealing with numerous problems such as labor scarcity that can work in the farms, extreme weather conditions, inefficient application of fertilizers, infections, diseases, allergies, and other crop health problems owing disproportionate application of fungicide, insecticide, pesticide, etc. or animal/insect bite. The overcome these issues adoption of advanced technologies like agriculture drone possess great potential through applications such as irrigation, crop monitoring, soil and field analysis, bird control, and many more. Agriculturists, agronomists, farmers & growers, etc. always look for effective and inexpensive ways to monitor and enhance their crops’ health. Hence, the adoption of agriculture drones with infrared sensors in that have ability to detect crop health, thereby helping farmers to implement necessary actions and improve crop conditions. Therefore, the rising need for precise farming practices while adopting innovative technologies such as agriculture drones is expected to boost the demand during the forecast period.

OPPORTUNITY

• Rising need for automated and continuous monitoring systems

The automation industry is rapidly evolving with increase in awareness and capabilities to handle crucial tasks that humans find difficult to handle at their extreme work conditions. Continuous developments and increase in number of applications of sensors across wide variety of industry verticals has boosted the growth of automation as well as monitoring systems that enable business executives take data-based decision making. Additionally, the awareness regarding the predictive maintenance of heavy industrial machineries and other crucial setups has benefitted end-user industry verticals. Hence, this is expected to boost the demand for agriculture drones owing to the cutting down of battery-operated sensors and minimized maintenance costs.

RESTRAINT
Development of policies regarding the usage of drones owing to data privacy concerns

The agriculture drones industry is expanding at rapid pace and is expected to develop further with several driving factors. However, this growth is restrained by the government regulations that are imposed on usage of agriculture drones owing to the data privacy issues. For instance, Federal Aviation Administration (FAA) has ruled out policies in Small Unmanned Aircraft Rule (Part 107) such as unmanned aircraft must weigh less than 55 pounds, maintain maximum altitude of 400 feet above ground level (AGL), no carrying hazardous materials, and among others.

On the other hand, drone manufacturers find it difficult to reach its potential customers owing to the limited knowledge among farmers. Further, the market growth is hampered due to the lack of knowledge for utilizing the tools (software applications) that analyze and enhance the productivity and hence, find it unattractive to buy agriculture drones. Another factors such as cybersecurity concerns is hampering the market growth, hence if worked out to eliminate can expand the market in near future.

Regional Analysis

The global agriculture drones market is estimated to register a robust CAGR of 29.3% over the forecast period. The geographic analysis of the global agriculture drones market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is expected to register a largest market share owing to the increasing demand for automation in agricultural activities. The US is expected to lead the country-level market in North America region owing to the benefits offered by agriculture drones including rise in need for precision farming technology and rise in government initiatives to promote efficient farming practices, among other such factors have increased the demand in region. Further, the presence of major players such as 3DR (US), Ondas Networks (AMERICAN ROBOTICS) (US), DroneDeploy (US), PrecisionHawk, Inc. (US), Yamaha Motor Corporation, U.S.A. (US), AeroVironment, Inc. (US), Sentera (US), Trimble Inc. (US), among others. Adding more, these key players are investing heavily into the research & development of innovative agriculture drones for various end-use applications.

Meanwhile, Asia-Pacific is anticipated to be the fastest-growing market and stood second in the global agriculture drones market during the forecast period mainly due to the rapid digital transformation, high population of farmers contributing to the GDP in the country, and benefits offered by agriculture drones to overcome the issues that result in lower productivity.

Moreover, the Europe region is expected remain at the third position during the review period due to the higher adoption of agriculture drones with regards to the increased productivity, improved sustainability, and higher profitability for farmers that adopted this technology.

The market in the Middle East & Africa and South America is expected to register significant growth during the forecast period owing to the demand for agricultural products in the regions and enhance the production to cater to the rising need.

Some of the prominent players in the Agricultural Drones Market include:

• DJI (China), 3DR (US)
• Ondas Networks (AMERICAN ROBOTICS) (US)
• ideaForge (India)
• DroneDeploy (US)
• MICRODRONES (Germany)
• PrecisionHawk, Inc. (US)
• Yamaha Motor Corporation, U.S.A. (US)
• AeroVironment, Inc. (US)
• AgEagle Aerial Systems Inc. (US)
• ISRAEL AEROSPACE INDUSTRIES (Israel)
• Delair (France)
• senseFly (Switzerland)
• Sentera (US)
• Trimble Inc. (US)
• THANOS (India)

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Agricultural Drones market

By Component

• Hardware
• Frames
• Control System
• Propulsion System
• Navigation System
• Payload
• Avionics
• Others
• Software
• Imaging Software
• Data Management Software
• Data Analytics Software
• Others

By Application

• Crop Monitoring
• Soil & Field Analysis
• Planting & Seeding
• Crop Spray
• Others

By Type

• Fixed-Wing
• Rotary-Wing
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Agricultural Drones industry analysis from 2022 to 2030 to identify the prevailing Agricultural Drones industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Agricultural Drones industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Agricultural Drones industry trends, key players, market segments, application areas, and market growth strategies.