In 2023, the agriculture drone services market is projected to be worth US$893.0 million. By the end of 2033, the market will have a value of US$ 6795.6 million and will have grown at a CAGR of 22.5% during the following ten years.
13.0% of the market for drone services is made up of this market. Over the course of the projection period, a growth in the market share of agricultural drone services is anticipated.
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The readability score of the Agriculture Drone Services Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Agriculture Drone Services market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Agriculture Drone Services along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Agriculture Drone Services Market also provides dynamics that are responsible for influencing the future Sales and Demand of over the forecast period.
Market Players
- Aerial drone solution
- AERIUM Analytics
- Aeroview Services
- Afridrones
- Agri Spray Drones
- Astral Aerial Solutions
- DC Geomatics
- DJM Aerial Solutions
Competitive landscape
The key market players associated with agriculture drone services are Aerial drone solution, AERIUM Analytics, Aeroview Services, Afridrones, Agri Spray Drones, Astral Aerial Solutions, DC Geomatics, DJM Aerial Solutions, Drone Ag, Dronegy, DroneHive, Dropcopter, LahakX, My Drone Services Inc., PrecisionHawk Services, Rantizo, Trimble Inc.
The global agriculture drone services market is still in its early stage and has been growing rapidly in the recent past. The industry is also witnessing multiple new startups coming to the market with new and advanced technology to capture the market share. The market players are getting funded heavily by private equity firms and institutional investors. The market has been buzzing with notable mergers and acquisitions also. A few of the notable M&A are mentioned below;
- In September 2022, Valqari, a drone delivery solution provider completed the acquisition of IDU Group, a drone delivery integrator for an undisclosed amount.
- In April 2021, AgEagle Aerial Systems Inc., a market leader in drone solutions completed the acquisition of Measure Global Inc. aerial intelligence solutions company for a whopping US$ 45 million.
Segmentation
- By Drone Type:
- Multi-Rotor
- Fixed Wing
- By Service:
- Mapping & Surveying
- Inspection
- Spraying & Seeding
- Others (Not mentioned elsewhere)
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Questionnaire answered in the Market outlook Report of Agriculture Drone Services include:
- What is the key strategy deployed by large players to maximize Agriculture Drone Services Marketgrowth?
- What are the main challenges faced by players in the Agriculture Drone Services market Demand?
- With the advent of technological advancement, how will the Agriculture Drone Services market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Agriculture Drone Services market size?
How will be insights and market estimations provided in the Fact.MR report on the Demand of Agriculture Drone Services make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Provides an incisive analysis of the socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Agriculture Drone Services Market
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
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