According to a new market report published by Lucintel, the future of the agriculture drone market looks promising with opportunities in precision farming and livestock monitoring. The global agriculture drone market is expected to grow with a CAGR of 36% from 2020 to 2025. The major drivers for this market are increase in venture funding for development of agriculture drones and availability of software solutions for field survey and data analytics.
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Agriculture drones are capable of collecting data that can be used to decide if crops have enough water or to even find leakages in the irrigation system. In this market, hardware and software are the major product segments. Lucintel forecasts that hardware will remain the largest product segment over the forecast period due to high cost components, such as fixed wing, multi-rotor, nano, and hybrid UAVs.
Within this market, field mapping will remain the largest application segment over the forecast period due to increasing yield benefits by analyzing and monitoring the crops.
Asia Pacific will remain the fastest growing region over the forecast period. The rapidly increasing population, availability of arable farms, and government support through subsidies are the major factors driving the adoption of agriculture drones in APAC.
DJI, PrecisionHawk, Trimble, Parrot Drones, 3DR, AeroVironment, Yamaha Motor, and DroneDeploy are among the major suppliers in the global agriculture drone market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global agriculture drone market by product, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Agriculture Drone Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global agriculture drone market by product, application, and region as follows:
By Product [Value ($ Million) shipment analysis for 2014 – 2025]:
Fixed Wing
Multi Rotor
Nano
Hybrid
Data Management
Imaging
Data Analytics
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Field Mapping
Variable Rate Application
Crop Scouting
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
Spain
Italy
France
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.