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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Agriculture Drone Market Report Snapshots
Agriculture Drone Market Growth
Agriculture Drone Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 2681.31 million.
The market is projected to grow at a CAGR of 40.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 57573.91 billion by 2032.
The major drivers of the market include the increasing population, availability of arable farms, support by various governments through subsidies, innovations in the GPS mapping, and the increasing automation.
The increasing technological advancements in equipment and latest enhancements in the quality of the farming techniques by the market players are the key trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products of agriculture drone in the market are fixed wing, rotary blade, and hybrid.
The significant applications of agriculture drone in the market are field mapping, variable rate application, and crop scouting, among others.
The key players in the global agriculture drone market are 3D Robotics, Inc., AeroVironment, Inc., SZ DJI Technology Co., Ltd., HoneyComb Corporation, and Agribotix, LLC, among others.
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