The global agriculture drones market, valued US$ 434 million in 2016 is anticipated to grow with a healthy growth rate of more than 38 percent over the forecast period 2017-2025. The rising demand for quality food crops due to growing population is the key factor drives the market growth furthermore, increasing adoption of advanced technologies to enhance crop production and rising venture funding increases the acceptance of agricultural drones. Growing adoption of mobile devices and advance technologies in components such as mapping software, camera, and others are estimated to support the growth of agricultural drones market. However, lack of trained pilots is the major restraining factor in the growth of the market, a report, Agriculture Drones Market, Future Estimates & Forecasts, by Research for Markets has revealed.
Agriculture drones are used on agriculture lands and farms for crop scouting, crop health monitoring, weed detection, variable rate application, and livestock management. Components such as controllers, propulsion systems, cameras and navigation systems are used to grow production and improve crop yield. Agriculture drones provides farmers to automate farm activities, and improves crop yield which also minimise labour costs.
The objective of the study is to define market sizes of different segments and countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors and challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Some of the key manufacturers involved in the market are Trimble Navigation, DJI Technology, Parrot SA, Drone Deploy, Agribotix LLC, Honeycomb Corporation, Aerovironment., Eagle UAV Services LLC, 3D Robptics Inc., AgEagle Aerial Systems, and Autocopter Corp. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.