Agriculture Drone Market to Record 20.3% CAGR During 2023-2030; Advantages of Drones to Aid Market Expansion

The global agriculture drone market size was valued at USD 4.17 billion in 2022. Fortune Business Insights™ in its report titled “Agriculture Drone Market Size, Share & COVID-19 Impact Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid), By Component (Hardware [Frames, Control Systems, Propulsion System, Navigation System, Payload, Avionics, and Others] and Software [Imaging Software, Data Management Software, Data Analytics Software, and Others]), By Application (Field Mapping & Monitoring, Crop Spraying, Crop Scouting, Variable Rate Application, Livestock Monitoring, and Others), and Regional Forecast, 2023-2030” observes that the market is projected to grow from USD 4.98 billion in 2023 to USD 18.22 billion by 2030, exhibiting a CAGR of 20.3% during the forecast period. Advancements in drone technology, rising government support for drone adoption, and rising awareness regarding its advantages are the key factors responsible for the growth of this industry.

Passenger Drone Private Limited Launches Software to Spray Insecticide in Farms 

In March 2023, Passenger Drone Private Limited, a Nasik-based startup, launched a locally developed drone software application for spraying insecticides in farms. The software, called AeroGCS Green, was designed to help farmers in mapping entire fields and lanes to find out where pesticides need to be sprayed and in what quantity. It also helps in spraying the pesticide in minutes instead of hours thus saving time and money. The software has a user-friendly interface and workflow and is focused on consumer needs.

Supply Chain Disturbances and Labor Shortages Boosted Market Expansion Amid the Pandemic

The spread of COVID-19 worldwide resulted in the imposition of stringent lockdowns and social distancing norms to curb the rising number of cases. This move caused labor shortages, which reduced productivity and lowered revenues as supply chains were impacted severely. Thus, the need for agriculture machines, robots, automated equipment, and drones grew significantly amid the pandemic aiding the agriculture drone market growth. Moreover, in April 2020, Spain became the first European country to deploy agriculture drones during the COVID-19 outbreak. The Spanish military emergency unit introduced UAVs to spray disinfectant for large outdoor areas.

Advantages of Agriculture Drones to Aid Market Expansion

Agriculture drones provide farmers with accurate data regarding crop health and productivity, thus helping them optimize farming operations, increase yield, and decrease waste. This can help improve cost-effectiveness by reducing costs associated with over-watering, over-fertilization, and other inputs, while also raising crop yields. They can also decrease labor costs by reducing the need for manual intervention in farming operations. Moreover, they can also help save time by providing real time data on crop health and productivity. This will enable farmers to make immediate decisions regarding fertilization, irrigation, and others. These factors are contributing to market growth.

On the other hand, concerns regarding collection of erroneous data due to environmental factors or human error will hinder market proliferation in the forthcoming years.

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Advanced Product Launches by Market Players to Propel Market Augmentation

Leading manufacturers often participate in mergers and acquisitions, collaborations, and product launches to strengthen their positioning and earn higher profits. For instance, in February 2023, XAG, a smart agriculture technology company, has joined forces with FarmInno, Thailand's leading innovative agricultural company, to launch fully autonomous agricultural drones in Thailand. This move will take smart agriculture to the next level by improving potential of Thai farmers. It will increase both quality and productivity in the agricultural sector.

Notable Industry Development

• January 2023: XAG, a leading drone manufacturer, announced that the U.K. Civil Aviation Authority (CAA) has granted operational approval for its P40 and V40 agricultural spraying aircrafts. This is the first-time that drone spreading and spraying has been legalized on the U.K. farms.

List of Key Companies Profiled in the Report:

• Drone Deploy (U.S.)


• DJI (China)


• Precision Hawk Inc (U.S.)


• AeroVironment Inc. (U.S.)


• Trimble Navigation Ltd. (U.S.)


• 3D Robotics (U.S.)


• Ag Eagle (U.S.)


• Parrot Drone (France)


• Sintera LLC (U.S.)


• Delair Tech SAS (France)

Further Report Findings

• Europe held the largest agriculture drone market share in 2022 due to the growing number of startups such as Gamaya, Delair, Accelerated Dynamics, and others and strong research and development ability of the region.


• Based on type, the rotary wing segment held the major market share in 2022. Rotary wing drones are available in a variety of sizes and designs. The structural benefits of rotary wing drones are boosting segment expansion.


• According to component, the hardware segment dominated the market in 2022 due to the improved capability of hardware components to collect and process the data, thus enabling farmers to make informed decisions.

Table of Segmentation