Agricultural Drones Market to Grow with a CAGR of 32.7% Over the Forecast Years

Agricultural Drones Market to Grow with a CAGR of 32.7% Over the Forecast Years


The agricultural drones industry is expected to grow with a tremendous growth rate due to rapid growth in digital agriculture and its related technologies such as yield mapping, GPS guidance systems, soil management, and remote analysis. Agriculture drones are cheaper and smaller drones that have highly efficient and advanced sensors with high imaging capabilities. The demand continues to grow as the cost of drones fall and drone software in agriculture is becoming increasingly sophisticated. Agricultural drones can help farmers to get more from the land by using resources and offer a better understanding of the health of the plants. It also helps to resolve several issues such as irrigation problems, soil variation, and pest and fungal infestations and can assist in assessing crop growth and production. However, agricultural drone shows timely changes such as, daily, or even hourly in crop and identify trouble spots with help of this, farmers can attempt to improve crop management and production.


Furthermore, as measures to control the outbreak of coronavirus have augmented, the demand for Agricultural drones has momentarily increased. Additionally, as the recent outbreak is also creating supply disruptions in the market owing to the unavailability of labor for agricultural work and restrictions on transportation and movement of people, several farmers are shifting towards technology to adapt to the rising needs. Infinium Global Research’s recent report on the “Agricultural Drones Market (By Type (software, and hardware), By Component (frame, camera system, controller system, battery, propulsion system, and navigation system), By Applications (variable rate application (VRA), crop scouting, livestock, field mapping, and agriculture photography)): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2026” provides a comprehensive outline of the factors responsible for the growth of the market.

 

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Field Mapping Application Segment to Dominate the Agricultural Drones Market

Drone technology is useful for a variety of applications in agriculture, such as providing quick and easy access to remotely check small sections of crops, inspecting new field locations, and surveying entire fields. The benefits offered by agricultural drones such as increased productivity, permitting for improved agricultural adaptation to the effects of climate change and effective monitoring crops are anticipated to increase its demand in the field mapping application. Drones also help farmers in taking pictures of their fields and provide crop and soil data for better understanding and assisting crop management. Further, the IoT uses sensors to supplement images of the agriculture field from above which in turn helps using the analytics to understand the changes in the crops. Furthermore, usage of digital agriculture has brought a significant reduction in manual dependency in farming which was one of the bigger challenges for the large farmers. The report on the “Global Agricultural Drones market” offers an in-depth analysis of the segments such as Usage (Disposable PAPRs and Reusable PAPRs), Type (Face-mounted PAPRs and Belt-mounted PAPRs) and End-users (Healthcare, Pharmaceuticals, Food and Beverages, Gas & Oil Manufacturing, Defense & Public Safety Services.

 

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North America to be the Dominant Region in Agricultural Drone Market

Geographically, North America generated the largest revenue in the

Agricultural Drone Market

in 2019 and is expected to continue its dominance over the forecast years. The U.S. is the largest consumer of agriculture drones in the North America region. Rising preferences for mechanized farming among the farmers and growing adoption of technologically advanced equipment for crop management will drive the market growth. However, the Asia Pacific region is anticipated to witness significant growth over the forecast period owing to the increasing demand for cost-effective farming technologies.


Companies Operating in Agricultural Drone Market to Ramp Up Production Amidst COVID-19 to Meet the Rising Demands

The agricultural drone market is moderately competitive with the presence of several multinational and regional players. The major player such as Yamaha Motor Corporation (precision agriculture), DJI, GoPro, BlueSky, and Aeryon Labs is continuously focusing on technological development and facilitate other organic and inorganic strategies to gain a competitive edge in the market. Agricultural drones provide in-depth monitoring and offer live data from a range of sensors which helps in cutting down workforce requirements. Further, these manufacturers are focusing on having a strategic merger and acquisition to gain competitive market share. Infinium Global Research’s recent report on the global Agricultural Drones Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments in the global market.


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