The global agriculture drone market is anticipated to grow at a CAGR of around 15.8% during the forecast period. An agriculture drone is a generally unmanned aerial vehicle that is used to optimize operations, monitor crop growth and increases crop productions. The factors attributing to the growth of global agriculture drone markets include growing various drone service providers, increasing funding, real-time farm management, and technological advancement. Other factors such as the increase in precision farming as it has many advantages such as various positing systems and guided vehicles are being developed to create precision farming. Moreover, the rapid growth of the agricultural sector due to more usage of technologically innovative equipment into agricultural practices will be driving the market growth. On the contrary, high initial installation cost, fluctuations in weather conditions and range issues will be hampering the growth of the market. However, with the increasing demand for food, there is constant pressure in increasing agricultural productivity and maintaining good crop health will be creating a significant opportunity for market growth. 

Impact of COVID-19 on Global Agriculture Drone Market

It is estimated that the agriculture drone market may witness a decline during 2019-2020 due to the COVID-19 impact. Government policies have disrupted manufacturing and global supply chains, which has had and will continue to have a significant direct and indirect impact on the agriculture drone’s market. Until the COVID-19 outbreak continues it will be resulting in an extended duration of commercial as well as government restrictions. Therefore, this will make agriculture drone manufacturing companies unable to receive raw materials and components for the production of their products. However, according to professionals of the agriculture drone ecosystem, the market will speed up and grow beginning in 2021 as the pandemic has generated the need for various types of machinery required for farming operations. Lack of labor due to pandemic disrupted the easy flow of supply chains and lower productivity and this has increased the need for agricultural robots, drones, machines. This factor will further support the market growth after the pandemic. 

Segmental Outlook 

The global agriculture drone market is segmented based on type, and application. Based on type, the market is segmented into fixed-wing, multi rotor, and hybrid UAVs. Moreover, based on application, the market is classified into spraying, field mapping, crop scouting and others. 

Global Agriculture Drone Market Share by Application, 2020 (%)

Field Mapping is estimated to have a significant share in Agriculture Drone Market

Among application, field mapping is estimated to have a significant share in the market as its importance is increasing enabling one to monitor land and manage future activities at the same time. Moreover, the development of field mapping farming is attributed to the escalating spread of the IoT and the widespread adoption of remote sensing technology, VRT, and guidance technology by farmers across the globe. The mapping field has various advantages including yield data analysis that enables crop visualizing, crop variability, and also get data on which chemicals are affecting the yield. Further, gives moisture content and once the moisture level is known it enables to decide which area to add or to lessen water input. Further, rising food demand, changing climate, widespread adoption of smart technologies in the global agriculture sector, and increased government initiatives to improve farmer efficiency through new technologies are some of the major factors driving the growth of field mapping farming. However, the high cost of modern agricultural equipment, and lack of technical knowledge and skills, act as segment restraints.

Regional Outlooks

The global agriculture drone market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to have the largest market share during the forecast period, attributing to factors such as increasing automation in the agricultural field, increasing adoption of the UAVs from mowing to ploughing enhanced productivity, growing number of service providers in the region. Moreover, growing awareness for precision agriculture for field mapping and crop scouting is influencing farmers to implement UAVs in farming that further driving the growth of the market in the region.  

Global Agriculture Drone Market Growth, By Region 2021-2027

Asia-Pacific is projected to exhibit significant growth in the global Agriculture Drone Market

Asia-Pacific is projected to be the fastest-growing region in the agriculture drone market. The growth is attributed to increasing investment in R&D to rise in the adoption of agriculture drone. Further, growing manufacturers of UAVs in the region, along with the increase in venture funding also drive the growth of the market. Many agricultural countries such as India, China Indonesia will be boosting the demand for agriculture UAV which in turn increase the market share in the following region. 

Market Players Outlook

The key players of the agriculture drone market include 3D Robotics Inc., AgEagle Aerial Systems Inc., Parrot Drones SAS, PrecisionHawk Inc., SZ DJI Technology Co., Ltd., Trimble Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and new product launch, to stay competitive in the market. For instance, in October 2019, Esri announced that it partnered with 3D Robotics Inc.,  a US drone company to expand Esri current drone imagery offering, Drone2Map for ArcGiS, with end-to-end enterprise drone data and analytics solution for Esri ArcGIS platform. With this collaboration, Esri customers can now achieve operational efficiency by leveraging the elastic processing capabilities of the cloud. And also, users will be benefiting by having powerful drone flight planning and image processing, management and analysis capabilities with single solutions.  

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Agriculture drone market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.