Global Agriculture Drones Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Agriculture Drones Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Fixed Wing, and Rotary Wing), Component (Hardware (Frames, Flight Control Systems, Navigation Systems, Propulsion Systems, Cameras, Sensors, and Others), Software, and Services (Professional Services, and Managed Services), Farming Environment (Indoor Farming, and Outdoor Farming), Application (Crop Management, Field Management, Crop Spraying, Livestock Monitoring, Variable Rate Application (VRA), and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Agriculture Drones Market was valued at USD 2,301.8 million in 2023 and is expected to reach USD 13,117.0 million by 2031 while growing at a CAGR of 24.3% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global agriculture drones market growth. Agriculture drones, also known as ag-drones or agricultural UAVs, are specialized unmanned aerial vehicles designed for diverse applications in agriculture. These drones feature various sensors and imaging systems, facilitating data collection for crop monitoring, management, and decision-making. The integration of drone technology in agriculture has spurred the development of precision farming techniques, empowering farmers to boost efficiency, optimize resource utilization, and enhance overall crop yields.
Ongoing advancements in drone technology, such as improved sensors, cameras, and data analytics capabilities, drive growth in the agricultural drones market. Cost efficiency and increased productivity are key factors supporting this trend. Nevertheless, high initial costs and regulatory challenges could hinder further market expansion.
Furthermore, the global agriculture drones industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Agriculture Drones Market is segmented among Fixed Wing, and Rotary Wing, based on Type. In 2023, Rotary Wing accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Component Analysis
The Global Agriculture Drones Market is segmented among Hardware (Frames, Flight Control Systems, Navigation Systems, Propulsion Systems, Cameras, Sensors, and Others), Software, and Services (Professional Services, and Managed Services), based on Component. In 2023, Hardware accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Agriculture Drones Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are DJI, Parrot Drone SAS, AgEagle Aerial Systems Inc, AeroVironment, Inc., PrecisionHawk, Trimble Inc., DroneDeploy, Autel Robotics, Draganfly Inc, Pix4D SA, Sky-Drones Technologies, LTD, and Sentera.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Agriculture Drones Market Dynamics
Drivers
Restraints
Opportunity
4. Global Agriculture Drones Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Agriculture Drones Market Segmentation, By Type
Global Agriculture Drones Market Share Analysis, By Type
Global Agriculture Drones Market Growth Analysis, By Type
Global Agriculture Drones Market Trends, By Type
o Fixed Wing
o Rotary Wing
6. Global Agriculture Drones Market Segmentation, By Component
Global Agriculture Drones Market Share Analysis, By Component
Global Agriculture Drones Market Growth Analysis, By Component
Global Agriculture Drones Market Trends, By Component
o Hardware
Ø Frames
Ø Flight Control Systems
Ø Navigation Systems
Ø Propulsion Systems
Ø Cameras
Ø Sensors
Ø Others
o Software
o Services
Ø Professional Services
Ø Managed Services
7. Global Agriculture Drones Market Segmentation, By Farming Environment
Global Agriculture Drones Market Share Analysis, By Farming Environment
Global Agriculture Drones Market Growth Analysis, By Farming Environment
Global Agriculture Drones Market Trends, By Farming Environment
o Indoor Farming
o Outdoor Farming
8. Global Agriculture Drones Market Segmentation, By Application
Global Agriculture Drones Market Share Analysis, By Application
Global Agriculture Drones Market Growth Analysis, By Application
Global Agriculture Drones Market Trends, By Application
o Crop Management
o Field Management
o Crop Spraying
o Livestock Monitoring
o Variable Rate Application (VRA)
o Others
9. Global Agriculture Drones Market Segmentation, By Region
Global Agriculture Drones Market Share Analysis, By Region
Global Agriculture Drones Market Growth Analysis, By Region
Global Agriculture Drones Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
10. Competitive Landscape
DJI*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Parrot Drone SAS
AgEagle Aerial Systems Inc
AeroVironment, Inc.
PrecisionHawk
Trimble Inc.
DroneDeploy
Autel Robotics
Draganfly Inc
Pix4D SA
Sky-Drones Technologies, LTD
Sentera
*Similar analysis will be provided for each company listed above.