Agriculture Drone Market: Farming Goes Futuristic!



The global agriculture drone market is expected to reach USD 3,770.0 million by 2024, according to a new report by Grand View Research, Inc. The increasing technological advancements in equipment and for enhancing the quality of the farming techniques have led to the increased implementation of agriculture drones in the market.
Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The insurance industry is expected to confront the pressure associated with cost-efficiency. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The report will account for Covid19 as a key market contributor.
Increasing automation in the agriculture process, owing to the labor crisis, such as lack of skilled farmers, aging farmers, is also expected to positively impact the market growth. A favorable shift in the regulatory policy is also expected to allow start-ups to operate in small and large farming operations and aid in disease & water management.
Innovations in the GPS mapping field coupled with the advancements in precision agriculture are expected to propel the industry growth over the forecast period. Drones have the potential to implement better plantation with crop rotation strategies and give crucial inputs related to the daily progress of crops which is further contributing to the growth.
The companies operating in the industry are designing and manufacturing systems that are collecting the data and are incorporating them into business models. which is further anticipated to enhance the industry growth. The data gathered from drones help the farmers to improve yields; supply water, fertilizer, or chemical when needed, and are also able to map their fields, check for signs of disease, monitor crop health, and save time in the process.
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The scarcity of trained pilots for operating the drones may impact the market growth, although the market is expecting to overcome the scarcity, gradually, with the increasing applications of the drone.
Drones for agriculture? Sounds a little far-fetched, but believe it or not, they are proving very useful for farmers to monitor their properties. Also, with drones finding application in an extraordinary number of fields, the idea does not sound off. The real question though is, will federal rules support or hamper the growth of this industry? That’s something we will have to wait and see.
Where Do Drones Fit in The Agriculture Sector?
An agriculture drone is an unmanned aerial vehicle (UAV), that can be used to monitor crop growth, and help in increasing crop production. Farm efficiency can very well be improved using this technology. Thanks to them, farmers are using high-precision methods for geo-tagging aerial images. Unmanned aerial vehicles (UAVs) or drones can help farmers keep a track of their fields and livestock, which can prevent diseases.
Agriculture drones provide information regarding soil, fruits, crops, and weeds. These devices aid in crop scouting and alert users in making the right decisions about pesticides & fertilizers. This can help farmers increase their agricultural yield without any eco harm or wastage. Furthermore, developers are working with the government to track and prevent illegal activities like poaching, logging, and deforestation.
Further key findings from the report suggest:
·         The fixed wing agriculture drone is expected to remain as a key revenue generating segment over the forecast period. The hybrid agriculture drones are anticipated to witness enormous growth in the next 8 years, owing to their ability to carry heavy weights and hover over fields.
·         The crop scouting application is anticipated to drive the market growth over the forecast period, with the increasing application of crop spraying, which will further increase the yields and reduce the wastage of pesticides & fertilizers and crops.
·         The North America agriculture drones market is expected to remain the key revenue generating region with a prevalent share of the industry. The increasing adoption of the drones, in various applications including spraying, seeding, and livestock farming, has led to the enormous market share.
·         The Asia Pacific agriculture drone market is anticipated to witness a significant growth over the forecast period, owing to the increasing investments in R&D in the region.
·         The key players in the agriculture drone market include DJI Technology, Trimble Navigation Ltd., PrecisionHawk, Parrot SA, and 3D Robotics
The global agriculture drone market was valued at USD 193.4 million in 2015. The increasing investments rendered to the manufacturers, by the venture firms, are expected to drive the market over the forecast period.
Farmers are increasing implementing this technology, in farming, to gain better productivity and efficiently use water, land, and fertilizers. Furthermore, the technological, including sensors, better materials, and imaging capabilities, are also expected to fuel the agricultural sector.
Agriculture drones are emerging as a lucrative sector as the applications of commercial drones over the forecast period. They aid farmers by taking snapshots of a vast array of fields, providing crucial data pertaining to crops and soil, in order to assist in crop management. The UAVs used in crop monitoring can radically enhance yields while reducing the cost of airplane fly-over filming.
The increasing applications have influenced the industry to invest significantly in funding the UAV-based startups. The venture-based startups in the industry are focusing on providing software & hardware or the services, which account for more than 80% of the market. The lack of trained pilots and stringent regulations may hinder the growth of drones over the forecast period. The technical institutes and universities developing agricultural flying robots are establishing programs to provide guidance for operating the UAVs, which is anticipated to improve the industry.
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How Does The Agriculture Drone Technology Work?
UAVs are equipped with sensors and good imaging capabilities. Some even have thermal infrared sensors for better monitoring. Agriculture drone systems consist of hardware, sensors, and software. They capture high resolution images even in cloudy climates. These drones are capable of providing a bird’s eye view of the field, which helps farmers in getting a complete picture. Issues such as fungal and pest infections, soil variations, and irrigation problems, to name a few, can be identified using this technology.
New technologies, such as flight-planning software allows users to set flight paths, allowing better land coverage. The agriculture drones click pictures with their special light sensor cameras. Once these drones land, their software enables users to collate and weave geo-tagged photos together, allowing optimized monitoring. The drones can provide periodic updates to the farmer about the crops, which helps them determine future course of action.
Grand View Research has segmented the agriculture drone market based on product type, application:
Product Outlook (Transaction Revenue, USD Billion, 2014 - 2024)
·         Fixed wing
·         Rotary blade
·         Hybrid
Application Outlook (Transaction Revenue, USD Billion, 2014 - 2024)
·         Field mapping
·         Variable rate application
·         Crop scouting
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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