Global Agriculture Drones Market – Industry Overview and Opportunities
The report on “Global Agriculture Drones Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast” added by DecisionDatabases.com provides a comprehensive analysis about the market value, growth trend, forecasts, as well as a detailed competitive market analysis of major players of the industry.
Agriculture drones are upcoming digital farming tools, which not only provide end-to-end transparency about the crop production to the consumers but also assist in increasing the food productivity. Their growing adoption in precision farming and availability of innovative technology are major growth drivers, which are likely to augment the agriculture drones market
growth over the coming years. The major benefits of agriculture drones include enhanced crop productivity and efficient usage of fertilizer, land, water & other resources. Increasing demand for food to meet the growing population’s need is also expected to drive the market in the near future due to the drone’s benefits of high productivity and efficient usage of resources across the globe. Agriculture drones are helping consumers to make decisions at the right time facilitating positive results. Continuous improvements to agriculture drones, including better sensors, materials, imaging capabilities will further aid to the industry growth in the near future. However, high initial capital investment along with the security & privacy issues are some of the major challenges, which may hinder market growth over the coming years.
Growing usage of drones due to its capability of gathering quality-data and convenience along with rising consumer-awareness about digital farming are expected to boost market demand over the forecast period. Agriculture drones provide better crop visualization to make agriculture more productive. It connects securely and seamlessly to the internet to transform agriculture into a data-driven future across the globe.
The global agriculture drones market has been segmented based on technology into spraying, pest control, mapping, seeding, precision agriculture and remote sensing. The crop spraying technology is one of the fastest growing segments and is expected to grow at a significant rate over the forecast period owing to increasing adoption of agriculture drones for spraying application to increase the crop-yield and to reduce the farming wastage from fertilizers & other materials.
Asia Pacific is one of the fastest growing market for agriculture drones and is expected to witness a substantial growth over the forecast period on account of rising investments in R&D along with favorable government initiatives to encourage agricultural activity, extensively in China, India, and Japan. In addition, the presence of major players such as DJI (China), and Yamaha (Japan) is also expected to suffice the increasing demand in the region.
The major industry players include AeroVironment, Yamaha, DJI, GoPro, Boeing, 3D Robotics, Precision Drone, Airware, FT Sistemas and Deveron Resources Ltd.
In May 2016, NDSU (North Dakota State University) launched an agricultural project incorporating agriculture drone technology to determine its role in the high crop production and in the strengthening of the state’s economy.
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