The global agriculture drone market size is projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period. Emergence of startups specializing in developing unmanned aerial vehicles (UAVs) for agriculture will significantly enhance the potential of the market. Fortune Business Insights™ shares this observation in its report, titled “Agriculture Drone Market Size, Share & Industry Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid), By Components (Hardware [Frames, Control Systems, Propulsion System, Navigation System, Payload, Avionics, Others] and Software [Imaging Software, Data Management Software, Data Analytics Software, Others]), By Application (Field Mapping & Monitoring, Crop Spraying, Crop Scouting, Variable Rate Application, Livestock Monitoring, Others), and Regional Forecast, 2020-2027”.
The report states that the global market value stood at USD 1,021.1 million in 2019. It also offers the following:
- Unparalleled insights into the factors driving and constraining the market growth;
- In-depth & piecemeal analysis of the market segments;
- Exhaustive examination of the regional dynamics impacting the market; and
- Detailed profiling and study of the key market players and their strategies.
Industry Developments:
- April 2020: DJI, the Chinese drone maker, released its new offering called the “Mavic Air 2” drone, the successor to the company’s 2018 Mavic Air drone. The new product comes in two variants, the standard and the Fly More, with both being available for immediate purchase in China.
- September 2019: AeroVironment launched the enhanced, next-gen version of its flagship Quantix VTOL hybrid drone and the AeroVironment Decision Support System for precision farming. Equipped with sensors and multispectral imagery capabilities, Quantix is designed to perform crop scouting and can survey up to 400 acres within 45 minutes.
List of Key Players Covered in the Agriculture Drone Market Report:
- Delair Tech SAS (France)
- Parrot Drone (France)
- 3D Robotics (the US)
- AeroVironment Inc. (the US)
- GoPro (the US)
- Drone Deploy (the US)
- Sintera LLC (the US)
- Ag Eagle (the US)
- Trimble Navigation Ltd. (the US)
- Precision Hawk (the US)
- DJI (China)
Information Source-
