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The global agriculture drone market size stood at USD 4.98 billion in 2023. The market value is slated to rise from USD 6.10 billion in 2024 to USD 23.78 billion by 2032 at a CAGR of 18.5% during 2024-2032. Fortune Business Insights™ presents this information in its report titled“Agriculture Drone Market Size, Share & Industry Analysis, By Offering (Hardware and Software & Services), By Components (Frames, Control Systems, Propulsion System, Navigation System, Camera Systems, and Others), By Payload Capacity (Lightweight Drones (Upto 10 kg), Medium Weight Drones (Upto 10 - 25 Kg), and Heavy Weight Drones (Above 25 kg)), By Application (Monitoring and Mapping, Precision Farming, Irrigation Management, Crop Health Assessment, Planting and Sowing, and Data Collection and Analysis), and Regional Forecast, 2024-2032”
Equipped with a wide range of sensors and imaging technologies, agriculture drones are Unmanned Aerial Vehicles (UAVs) which are developed in a way to provide the data generated from them for crop monitoring, mapping, analysis, plant counting, irrigation management, and pest control. The development of this market is based on the cost efficiency provided by these drones and real-time data delivered.
The COVID-19 pandemic impacted the supply chains, revenues, and productivity negatively, these factors led to the demand for agricultural robots, machines, drones, and automated equipment. In April 2020, Spanish military unit deployed the UAVs to spray disinfectant for large outdoor areas.
Avikus Entered A Contract With Korea Shipbuilding & Offshore Engineering To Test The Fuel Efficiency
In March 2023, Avikus and Korea Shipbuilding & Offshore Engineering entered into a contract for an experiment to test the fuel efficiency by implementing self-governing navigation systems. The venture incorporates five firms, POS SM, Pan Ocean, Korea Shipbuilding & Offshore Engineering, Korean Register of Shipping, and Avikus. The project conducted fuel-saving verification which will be significant for eco-friendly and autonomous navigation systems.
Real-Time Data, Multi-Spectral Imaging, and Quick Decisions Using Agriculture Drones to Fuel Their Usage in Coming Years
One of the opportunities for the market presents itself with is using real-time data management and using multi spectral imaging. The technology of multi spectral imaging helps farmers capture the data across different wavelengths of light. In addition, drones are also being used for real-time data related to productivity and health to make decisions reading irrigation, fertilization, and pest control.
Inaccuracies in the data collected by these drones and errors occurring while hardware or software malfunctions, environmental factors, weather conditions or human error are estimated to decline the product adoption.
Combination Of Various Strategies Adopted By Key Market Players To Boost The Market Dynamics
The agriculture drone market features Drone Deploy, DJI, GoPro, Precision Hawk, and AeroVironment Inc. as the leading players. Other market players Trimble Navigation Ltd. and 3D Robotics are providing end-to-end hardware and software solutions for drones for a wider consumer base. Novel product development, strategic acquisitions, and collaborations are some of the strategies taken-up by these market players.
Key Players Profiled in the Report
Key Industry Development
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/agriculture-drones-market-102589
Further Report Findings:
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 18.5% from 2024 to 2032 |
Unit | Value (USD Billion) |
Segmentation
| By Offering
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By Components
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By Payload Capacity
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By Application
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By Region
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