Agriculture Drones Market by Type (Fixed Wing, Rotary Blade, Hybrid, Data Analytics Software, Imaging Software), Application (Field Mapping, VRA, Crop Scouting, Livestock, Crop Spraying), Component and Geography - Global Forecast to 2022

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The market is expected to grow from USD 864.4 Million in 2016 to USD 4,209.2 Million by 2022, at a CAGR of 30.19% between 2016 and 2022.

(EMAILWIRE.COM, October 16, 2018 ) The agriculture drones market is expected to reach USD 4,209.2 Million by 2022, growing at a CAGR of 30.19% during the forecast period. The objectives of the report includes forecast of the market size in terms of value for fixed wing drones, rotary blade drones, hybrid drones, data management software, imaging software, and analytics software. It also includes the detailed information regarding the drivers of the market such as increase in venture firm funding, growing awareness about the benefits of agriculture drones, and availability of software solutions for field survey and data analytics. It also includes detailed information about the restraints, opportunities, and challenges for the agriculture drones market. The study of the value chain and analysis of the impact of Porter’s five forces, such as threat of substitutes, degree of competition, threat of new entrants, bargaining power of buyers, and bargaining power of suppliers, on the agriculture drones market is also one of the objectives of the report.

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The major players of the agriculture drones ecosystem have been identified across region and their offerings, distribution channels, regional presence are understood through in-depth discussions. Also, the average revenues generated by these companies, segmented by region, have been used to arrive at the overall communication test and measurement market size. This overall agriculture drones market size has been used in the top-down procedure to estimate the sizes of other individual markets through percentage splits from secondary and primary researches. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interview of industry leaders, such as CEOs, VPs, directors, and marketing executives, for key insights.

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This report provides valuable insights regarding the ecosystem of this market such as product manufacturers and suppliers, OEMs, system integrators, middleware and firmware providers, suppliers and distributors, optical wireless communication technology providers, mobile network providers, smart lighting manufacturers, smart home/city service providers, electronic device manufacturers, automobile manufacturers, tracking and monitoring device manufacturers, and standardization and testing firms.

Hybrid drones are expected to capture the largest share of the market by 2022. Hybrid drones can hover, fly at fast speed, and remain steady; the advantages of these drones are boosting the growth of the market for hybrid drones. The agriculture drones market for software is expected to grow at the highest rate during the forecast period. Imaging software plays a key role in the market since this software is used for processing the images captured by the cameras or the sensors mounted as a payload on the agriculture drones; thus, imaging sensors are expected to capture the largest share of the agriculture drones market for software by 2022.

The market for crop spraying application is expected to grow at the highest rate between 2016 and 2022. The increasing adoption of drones for crop spraying application would increase the yield and reduce the wastage of crops and fertilizers & pesticides. This is a key factor responsible for the expected growth of the market for crop spraying application.

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The agriculture drones market’s value chain includes manufacturers such as DJI (China), 3DR (U.S.), Trimble Navigation Ltd. (U.S.), DroneDeploy (U.S.), AgEagle LLC (U.S.), Agribotix LLC (U.S.), AutoCopter Corp. (U.S.), Delair-Tech (France), Eagle UAV Services (U.S.), HoneyComb Corp. (U.S.), PrecisionHawk (U.S.), Parrot SA (France), Yamaha Motor (Australia), AeroVironment, Inc. (U.S.), and URSULA Agriculture (U.K.).

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