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Agriculture Drones Market by Type, Application, Component and Geography - Global Forecast to 2022

Agriculture Drones Market: Global Forecast until 2022

  • June 2016
  • 164 pages
  • ID: 3903671
In this report:
Shipments of fixed wing agriculture drones (##,## units in 2015) are expected to grow at a CAGR of ##.##% between 2016 and 2022 to ##,## units.
In terms of components, the fixed wing drones market for camera systems (valued at USD ##.## million in 2015) is expected to grow to USD ##.## million at a CAGR of ##.##% while the fixed wing drones market for navigation systems is expected to rise to USD ##.## million at a CAGR of ##.##%.
On the other hand, shipments for hybrid agriculture drones are expected to rise to ##,## units at a CAGR of ##.##%.

Summary

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"The agriculture drones market is at the increase phase"

The agriculture drones market is at its increase phase; it is forecasted to reach $4209.20M by 2022, increasing at a compound annual growth rate (CAGR) of ~30.2 percent. Increase in the awareness about the benefits of agriculture drones among the farmers and agronomists and the availability of software solutions for field surveys and data analytics are the top factors driving the increase of this market.

"Field mapping application is anticipated to capture the biggest share of the agriculture drones market during the estimate period"

Field mapping application captured the most important share of the agriculture drones market in 2015 and is anticipated to exhibit the same trend until 2022. This application of agriculture drones helps to look at the condition and health of crops in various soil types and management zones to delineate crop health and yield potential; this propels the increase of the agriculture drones market for field mapping application.

"North America continent is a main market for agriculture drones"

North America (NA) is anticipated to capture the biggest share of the agriculture drones market in 2016. In this zone, agriculture drones products are gaining momentum for different agricultural applications including seeding, spraying, and livestock farming. Along with this, growing funding from venture companies for UAV manufacturers is driving the rise of the agriculture drones market in North America continent. The sector in Asia-Pacific is anticipated to grow at the maximal rate during the outlook period. In this area, India (IN) has been considered, which plans to boost its manufacturing under the project "Make in India (IN)"; this is a top driving factor for the increase ot the agriculture drones market in Asia-Pac.

Key players' distribution profiles:

- By Company category: Tier 1: 35 %, Tier 2: 45.0 percent, and Tier 3: 20.0 percent

- By Designation: C-suite executives: 35.0 percent, Directors: 25.0 percent, and Others: 40.0 percent

- By area: North america (NA) - 45.0 percent, Europe - 20.0 percent, APAC - 30.0 percent, and rest of the world - 5.0 percent

The reformation of rules for UAVs by Federal Aviation Administration and growth in number of exemptions for use of UAVs in agricultural applications act as significant opportunities for the adoption of agriculture drones in the U.S.A

Some of the main players in the agriculture drones market are 3DR, Trimble Navigation Ltd., DroneDeploy, AgEagle LLC, Agribotix LLC, AutoCopter Corp., Delair-Tech, DJI, Eagle UAV Services, HoneyComb Corporation, PrecisionHawk, Parrot SA, Yamaha Motor, AeroVironment, Incorporated, and URSULA Agriculture.

The analysis would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the agriculture drones market comprehensively and offers the closest approximations of the global market size and that of the sub-segments across distinct applications and localities.

2. The market research would benefit partners to apprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report would benefit partners to comprehend their players better and acquire additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions carried out in the agriculture drones market.

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