Global Agriculture Drone Market Report and Forecast 2024-2032

Global Agriculture Drone Market Outlook

The global agriculture drone market reached a value of about USD 2,681.31 million in 2023. The industry is further expected to grow at a CAGR of about 40.6% in the forecast period of 2024-2032 to reach a value of around USD 57,573.91 million by 2032.            

North America to be a Significant Regional Market for Agriculture Drone

North America is expected to have one of the largest shares in the global market of agriculture drone, along with Europe and the Asia Pacific. The growing demand for high-quality crops, rising labour costs, increasing automation in agricultural practices, and favourable regulations on the use of small drones for agriculture has driven the market for agriculture drone in North America. The increasing adoption of drones in various applications, including spraying, seeding, and livestock farming, has also favourably aided the market growth in the region. Within North America, the United States is a significant regional market for agriculture drone. Major organisations and government institutions in the country are intensely putting resources into the technological development of the agricultural sector, which is projected to aid the agriculture drone industry in the United States.

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Europe is one of the most advanced markets for the adoption of innovative technologies in agriculture, which has enabled the market growth within the region. Meanwhile, the market in the Asia Pacific region is slated to register growth at a robust rate. The adoption rate of smart agriculture techniques is likely to grow at a high pace in this region, mainly led by emerging countries such as India and China, which is expected to propel the market growth. The rapid growth of the population, rising food demand, and the region's accelerated economic growth are some of the factors contributing to the market's expansion.

Agriculture Drone: Market Segmentation

Agriculture drone is an unmanned aerial vehicle that is used to track crop growth and increase output. The drone, which is equipped with digital imaging capabilities and advanced sensors, gives farmers a detailed picture of their farms, allowing them to improve farm efficiency and crop yields. It provides a bird's-eye view of the field, allowing farmers to spot issues such as fungal/pest infestations, irrigation issues, and soil variation. These perspectives aid farmers in assessing crop growth and production.

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By product, the market is categorised into:

• Fixed Wing
• Rotary Blade
• Hybrid

Based on application, the market is segmented into:

• Field Mapping 
• Variable Rate Application
• Crop Scouting
• Others

The regional markets for agriculture drone can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Innovative Technologies Boosting the Market Growth of Agriculture Drone

Agriculture drones have become more prominent in the overall agriculture market as a result of increased technological advancements in equipment and are used for improving the quality of farming techniques.  Modernisation and automation have become a positive trend in agriculture as it has become the most efficient way to meet the needs of a fast-rising population. Thus, the rapidly increasing population, along with the availability of arable farms and government support through subsidies are the major factors driving the adoption of agriculture drones. Increased automation in the agricultural process because of the shortage of skilled farmers and an ageing farmer population is also expected to boost the market growth. A favourable shift in regulatory policy is also expected to allow start-ups to work in both small and large farming operations, assisting with disease and water management.

Over the forecast period, advancements in precision agriculture, combined with GPS mapping innovations, are expected to propel the industry forward. Drones have the potential to improve plantation with crop rotation strategies and provide critical inputs about crop progress on a daily basis, contributing to the market growth. Companies in the industry are developing and manufacturing data collection systems and incorporating them into business models, which is expected to further boost industry growth. Farmers can use the data collected by drones to improve yields, supply water, fertiliser, or chemicals as needed, map their fields, check for disease, monitor crop health, and save time in the process, which is projected to enable the increased adoption of the product over the forecast period.

Key Industry Players in the Global Agriculture Drone Market

The report gives a detailed analysis of the following key players in the global agriculture drone market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• 3D Robotics, Inc.
• AeroVironment, Inc.
• SZ DJI Technology Co., Ltd.
• HoneyComb Corporation
• Agribotix, LLC
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Agriculture Drone Market Report Snapshots

Agriculture Drone Market Size

Agriculture Drone Market Growth

Agriculture Drone Market Regional Analysis

Agriculture Drone Companies