According to a comprehensive research report by Market Research Future (MRFR), “Agriculture Drones Market information by Type, by Components, by Application and Region – forecast to 2030” market size to reach USD 22.10 billion, growing at a compound annual growth rate of 29.3% by 2030.
The discernible dearth of farm laborers across the globe will offer robust opportunities for the market over the forecast period. The scarcity of labor is spurring farm owners in investing in technology-alternatives of which agricultural drones is one of them. The best part this alternative to labor will impart good performance and also save ample time.
Dominant Key Players on Agriculture Drones Market Covered are:
Ondas Networks (US)
PrecisionHawk Inc. (US)
Yamaha Motor Corporation
AeroVironment Inc. (US)
AgEagle Aerial Systems Inc. (US)
ISRAEL AEROSPACE INDUSTRIES (Israel)
Trimble Inc. (US)
Pix4D SA (Switzerland)
Drone Ag (UK)
Solvi AB (Sweden)
Sky-Drones Technologies LTD (UK)
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Market USP Exclusively Encompassed:
The need for unmanned aerial vehicles will boost market growth over the forecast period. The need for such vehicles is on the rise as these can help in optimizing agricultural operations for enhancing crop productions for a higher yield. These are widely used across the world for gathering information, monitoring crop health, analyzing soil and field quality, and performing irrigation operations.
Lack of Standardization to act as Market Restraint
The lack of standardization of protocols and communication interfaces may act as market restraints over the forecast period.
Various Rules and Regulations to act as Market Challenge
Various rules and regulations over flying commercial drones in civilian spaces may act as a market challenge over the forecast period.
Value-Added Resellers (VARs)
Investors and venture capitalists
Chief financial officers
Segmentation of Market Covered in the Research:
The global agriculture drones market has been bifurcated based on application, component, and type.
By type, fixed wing will lead the market over the forecast period.
By component, hardware will dominate the market over the forecast period.
By application, field mapping will spearhead the market over the forecast period.
Reasons for Buying This Report:
It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.
It Provides Five-Year Forecast Assessed based on How the Market Is Predicted to Grow.
It Helps in Understanding the Key Product Segments and Their Future.
It Provides Pinpoint Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.
It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global Agriculture Drones Market, By Type
1.1.2. Global Agriculture Drones Market, By Component
1.1.3. Global Agriculture Drones Market, By Application
1.1.4. Global Agriculture Drones Market, By Region
2. MARKET INTRODUCTION
2.2. Scope Of The Study
2.3. Market Structure
3. RESEARCH METHODOLOGY
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. List Of Assumptions
4. MARKET DYNAMICS
4.2.1. Rise In Need For Precision Farming Technology
4.2.2. Rise In Government Initiatives To Promote Efficient Farming Practices
4.2.3. Driver Impact Analysis
4.3.1. Development Of Policies Regarding The Usage Of Drones Owing To Data Privacy Concerns
4.3.2. Restraint Impact Analysis
4.4.1. Increasing Automation Across Agricultural Activities
4.5.1. Lack Of Internet Connectivity Infrastructure
4.6. Impact Of COVID-19
4.6.1. Impact On Agriculture Industry
4.6.2. Impact On IT Industry
4.6.3. Impact On Semiconductor Industry
5. MARKET FACTOR ANALYSIS
5.1. Value Chain Analysis/Supply Chain Analysis
5.2. Porter’s Five Forces Model
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