The Global Agriculture Drone Market is forecast to reach USD 13.31 Billion by 2028, according to a new report by Reports and Data. Agriculture drones are unmanned aerial vehicles (UAV) primarily used to perform the survey of farms. This technology aids the agricultural decision in collecting information, storing it for future use, combining it, and using for analysis. They also help in maintaining the precision of the level of insecticides and pesticides used on the crops. They also monitor the irrigation system and the performance of the labor.

Factors boosting the market growth are the high awareness about agricultural drones, investment into venture funding, and advancement in farming technology that boosts productivity. Increase in demand for high yield and initiatives taken by the government to support the agricultural sector will encourage the growth of the market.

Drones provide quick information, have a low cost of operations, and can readily access to areas that are hard to reach by cars and boats. However, drones are limited by weather conditions such as the speed of the wind.

However, lack of trained pilots and air traffic management are hampering the growth of the market. Revolution of the farming sector from traditional to digitalization will increase the demand for software used to design and maintain drones, especially in emerging nations such as China and India.

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The global Agriculture Drones market research report covers study of competitive landscape, product analysis, application analysis, regional analysis, revenue assessment, cost structure analysis, and revenue forecast up to 2028. The report uses advanced analytical tools to research, gather, and analyze data. The in-depth research report has been formulated through extensive primary and secondary research and further corroborated from industry experts, professionals, and research analysts. The report covers a complete analysis of the Agriculture Drones industry and offers the reader a competitive advantage to stay ahead of the other players.

Further key findings from the report suggest

Drones provide quick information, have a low cost of operations, and can readily access to areas that are hard to reach by cars and boats.
Hardware segment held a market share of 53% in the year 2020. Amazon on June 5, 2019, announced to release its latest hybrid drone that uses a combination of thermal cameras, depth cameras and sonar to detect any hazards.
The onboard cameras can identify the obstacle and navigate around them with the help of machine learning.
Software and services segment under component is segmented into imaging software, data management software, data analytics software, and others. It is anticipated to have the highest CAGR of 23.3% during the forecast period.
Increase in development and widespread use of drone technology, availability of high-resolution images used for various tasks such as maintenance, surveying, mapping, and monitoring is boosting the market growth.
Various types of software are available that offer intelligent data analysis solutions to make unstructured drone data “actionable” and gain meaningful insights without time-consuming manual analytics.
The navigation system has a CAGR of 22.6% during the forecast period. A drone with a well-equipped GPS, high imaging camera, and an autopilot system provides plenty of aerial shots.
Field Mapping instantly captures a 2D, low-resolution field map as the drone flies so that farmers can make crop management decisions on the spot. This has made it easier for farmers to quickly identify crop stress and stomp out problem areas before they spread.
Field mapping held the largest market share of 21% in the year 2020, with a CAGR of 23.3% during the forecast period.
North America held the largest market share of 25% in the year 2020. This growth is mainly due to the exemption from the Federal Aviation Administration (FAA) under the part 107 rule, which is encouraging the adoption of the drone in the agricultural sector. The exemption is attracting increased investment from venture capitalists in the market.
Key participants include Honeycomb Corporation, Parrot SA, Ageagle LLC, DJI Technology, AeroVironment Inc., Yamaha Motor Co. Ltd., Ursula Agriculture, Delair-Tech SAS, Trimble Navigation Limited and Precisionhawk, among others.

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The report offers a comprehensive analysis of the key geographical regions to provide insights into key factors influencing market growth in the regions. Production and consumption ratio, import/export analysis, supply and demand, consumer behavior and demands, current and emerging trends, regulatory framework, strategic alliances, technological advancements, economic growth, and robust presence of key players in each region. The report also covers an extensive country-wise analysis to provide better understanding of the market growth in each key region of the world and help investors, stakeholders, and clients to capitalize on lucrative growth opportunities.

Regional analysis covers:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific(India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America(Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Agriculture Drones Market Segmentation:

Component Outlook (Volume, Thousand Units; Revenue, USD Billion; 2020-2028)

Hardware
Software and Services

Integrant Outlook (Volume, Thousand Units; Revenue, USD Billion; 2020-2028)

Controller System
Propulsion System
Camera System
Frames
Navigation System
Batteries
Others

Application Outlook (Volume, Thousand Units; Revenue, USD Billion; 2020-2028)

Crop Scouting
Field Mapping
Livestock Monitoring
Smart Greenhouse
Crop Spraying
Others

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