The global agricultural drones market was valued at USD 1.3 Billion in 2021 and it is anticipated to grow up to USD 2.1 Billion by 2031, at a CAGR of 4.9% during the forecast period.
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A drone is an unmanned aircraft that can be controlled remotely or by an onboard computer. Agricultural drones are a type of drone that is used for agricultural purposes, such as crop mapping, crop spraying, and crop monitoring. Drones can be used to map crops and track their growth. This information can be used to optimize irrigation and fertilizer use. Drones can also be used to spray crops with pesticides or herbicides. This can help save time and money by reducing the need for manual labor. Drones can also be used to monitor crops for signs of pests or disease. This information can be used to take corrective action to prevent crop loss. Agricultural drones offer many potential benefits to farmers. They can help save time and money while improving crop yields.
Market Trends and Drivers
The agriculture sector is focused on developing nowadays by using more sophisticated and technologically advanced machinery. The agricultural drone is an autonomous flying cart with the ability to monitor crop development and increase crop yield. Smart sensors and digital imaging capabilities included in the cutting-edge equipment let farmers monitor their fields from a higher vantage point and avoid complications like fungal and insect infestations, irrigation problems, soil changes, and other challenges.
Due to the development of sophisticated software solutions for data analytics and field service, favorable government policies and incentives to promote the agricultural sectors, and rising consumer awareness of the advantages of agricultural drones, the market for agricultural drones is anticipated to grow at a significant CAGR over the forecast period.
Major Players in the Global Agricultural Drones Market
The key players in the market are AeroVironment, Inc., AgEagle Aerial Systems, Inc, America Robotics, DJI, Israel Aerospace Industries, Microdrones, Parrot Drones, PrecisionHawk, Trimble Inc., and Yamaha Motor Corp., among others.
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COVID-19 Impact
The global agriculture drones market has been adversely affected by the covid-19 catastrophe mainly due to a prolong dip in the food crop prices and reduced demand for agriculture equipment and tools by farmers. However, the slowdown of pandemic has helped economies return to normalcy which has also surged the requirement for digitization and automation in the agriculture industry. Innovative farming techniques like drones yield monitoring, crop health monitoring, irrigation scheduling, etc. brought by some key market players and argitech companies is projected to help the market revive its growth rate post the pandemic times
Global Agricultural Drones Market Segmentation
By Product
- Hardware
- Software
By Application
- Field mapping
- Precision Agriculture
- Crop Scouting
- Irrigation
- Smart Greenhouse
- Others
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