The
global Agriculture
Drone Market share
report provides numbers for applications and regional segments of the industry
covering historical as well as forecast data for decision makers.
Agriculture drone market is slated to cross a
billion-dollar mark in the coming seven years with more number of farmers
around the world adopting the drone technology to enhance the productivity and
efficiency of their land, water, and fertilizers. This upgraded technology uses
automated process to enhance the overall productivity. The drones are embedded
with cameras that offer in-depth real-time data of the crop health that enables
better monitoring and crop management. In addition, venture investments in UAV
(Unmanned aerial vehicle) startups is expected to provide further growth
opportunities for the overall industry.
Among
the various applications of agriculture drone market, field mapping led the
application landscape in 2016. Growing demand for increasing the productivity
by analyzing and monitoring the crops are anticipated to fuel the agricultural
drones industry size in field mapping applications. Another prominent
application which will witness lucrative growth opportunities in the coming
years is crop scouting. Demand for proper utilization of fertilizers and
pesticides by reducing its wastage due to over spraying is propelling crop
scouting applications in agro-based economies. Introduction of NDVI (normalized
difference vegetation index) related to crop scouting is expected to boost
further penetration of agricultural drones industry in the coming time frame. Additionally,
federal rules promoting implementation of upgraded technologies in the
agricultural sector along with increasing financial support for UAV (Unmanned
Aerial Vehicle) are factors playing a pivotal role in changing the overall
market dynamics.
Geographically,
U.S alone covered 30% of global agriculture drone market in 2016, in terms of
revenue. Growing implementation of smart agricultural drones such as UAVs for
enhancing the crop yield is driving the regional market. Spreading awareness
for improvised precision agriculture is pushing the farmers to implement UAVs
for field mapping as well as crop scouting. It is undoubtedly the major revenue
pocket for North America market.
Europe
Agricultural drones industry will also witness substantial growth, driven by
the increasing manufacturing of UAVs and favorable government initiatives
pertaining to the agricultural sector in this region. Venture capitalists are
getting interested in these startups as the return on investments is huge.
Renowned companies who are leading the trend include Syngenta, Monsanto,
Mitsui, and DGI. Asia pacific is also
expected to mark a footprint in the global market in the years to come, owing
to the increasing number of research activities to broaden the application of
these hi-tech drones in the agricultural industry.
Considering the product front, the
agriculture drone market is majorly bifurcated into hardware and software.
Hardware agricultural drones industry is further segmented into fixed wing,
hybrid, multirotor, and nano-UAVs. Fixed wing market led the industry share in
2016, by accounting for almost 70% of the total market. Its ability to perform
long distance tasks and carry heavy pay loads allows it to be the most
preferred choice for farmers. Software solutions provide optimized real-time
data that help the farmers to properly monitor and inspect the current condition
of the fields which finally boosts the productivity.
Expansion of regional base and strategic
collaborations are the key strategies adopted by the market players to
proliferate their economic position. Prominent agricultural drones industry
participants include 3D Robotics, PrecisionHawk, and AeroVironment,
Browse key industry insights spread across 115
pages with 76 market data tables & 60 figures & charts from this report
Agriculture Drone Market in detail along with the
table of contents at:
Report Content
Chapter 1. Methodology and Scope
1.1.
Methodology
1.1.1.
Initial data exploration
1.1.2.
Statistical model and forecast
1.1.3.
Industry insights and validation
1.1.4.
Definition and forecast assumptions
1.2.
Data Sources
1.2.1.
Primary
1.2.2.
Secondary
Chapter
2. Executive Summary
2.1.
Agricultural drone industry 3600
synopsis, 2013 - 2024
2.1.1.
Business trends
2.1.2.
Product trends
2.1.3.
Application trends
2.1.4.
Regional trends
Chapter
3. Agricultural Drone Industry Insights
3.1.
Industry segmentation
3.2.
Industry size and forecast, 2013 - 2024
3.3.
Industry ecosystem analysis
3.3.1.
Distribution channel analysis
3.3.2.
Vendor matrix
3.4.
UAV vs. manned aircraft/satellite
3.5.
Drone advantages over other aerial imaging systems
3.6.
Technology & innovation landscape
3.6.1.
UAV industry overview
3.6.2.
Multispectral camera
3.6.3.
Infrared camera
3.6.4.
Thermal camera
3.6.5.
LiDAR camera
3.6.6.
High resolution camera
3.6.7.
Navigation system
3.6.8.
GPS
3.6.9.
Geographic Information System (GIS)
3.7.
Regulatory landscape
3.7.1.
U.S.
3.7.1.1.
FAA
3.7.1.2.
TSA
3.7.2.
EU
3.7.2.1.
EASA
3.7.3.
China
3.8.
Industry impact forces
3.8.1.
Growth drivers
3.8.2.
Industry pitfalls & challenges
3.9.
Growth potential analysis
3.9.1.
Business models
3.10.
Porter's analysis
3.10.1.
Supplier power
3.10.2.
Buyer power
3.10.3.
Threat of new entrants
3.10.4.
Threat of substitutes
3.10.5.
Internal rivalry
3.11.
Competitive landscape, 2016
3.11.1.
Strategy dashboard
3.11.2.
Patent analysis
3.12.
PESTEL analysis
This
latest Agriculture Drone Market
research report offers in-depth analysis, key industry insights, market sizing
& forecast on a granular level for key products, applications across number
of regional markets. The report also analyzes the Agriculture Drone industry from business strategy
perspective, describing in detail growth drivers, pitfalls &challenges for
participants, accompanied by a detailed competitive benchmarking including
company market share analysis and detailed business profiles.
Reasons to Buy This Report
·
Global
Agriculture Drone Market
size & forecast by product & application.
·
Growth
drivers, pitfalls & industry challenges.
·
Key
Agriculture Drone Market
growth opportunities & emerging business models.
·
Competitive
benchmarking with market share analysis and company profiles.
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