(MENAFN- iCrowdNewsWire) The global Agriculture Drones market is forecasted to be worth USD 9.63 Billion by 2027, according to a current analysis by Emergen Research.Certain factors such as a high level of awareness regarding agricultural drones, advancements in farming technology, and investments into venture funding, which boosts productivity. The growth in yield and initiative took by the government across the globe to support the market will foster the agricultural drones market. The rapid demand for food due to the growing population and technological advancement is driving the market.
The rise in demand for unmanned aerial vehicles, mainly due to the advancement in technology. These drones are used to perform surveys on farms, and it is used to collect information, store for future purposes, and to combine and to use it for analysis. These drones are also applicable in maintaining the precision of the level of pesticides and insecticides used on the crops. They are also used to monitor the irrigation system and labor performance.
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The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Agriculture Drones market. However, lack of proper air traffic management and trained pilots are limiting the growth of the market. The Revolution of the farming industry, from traditional to digitalization, will augment the demand for software used to design as well as maintain drones, especially in developing nations like India and China.
Key participants include Honeycomb Corporation, Parrot SA, Ageagle LLC, DJI Technology, AeroVironment Inc., Yamaha Motor Co. Ltd., Ursula Agriculture, Delair-Tech SAS, Trimble Navigation Limited, and PrecisionHawk, among others.
Agriculture Drones Market Research has recently added a report titled Agriculture Drones Market Report Forecast to 2025 to its repository, which comprises of data relating to the market size, share, value, and volume, production processes, revenue generation, the regional analysis of the business vertical, along with the outcomes of analytical tools including, SWOT analysis and Porter’s Five Forces analysis.
Component Outlook (Revenue, USD Billion; 2017-2027)
Fixed Wing Drones
Rotary Blade Drones
Software and Services
Data Management Software
Data Analytics Software
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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Application Outlook (Revenue, USD Billion; 2017-2027)
North America helps a significant share due to the exemption from the Federal Aviation Administration (FAA) under the part 107 rule, which will help support the adoption of these drones in the agricultural industry. The exemption will attract increased investment from the venture capitalist.The latest report is the most recent study that offers 360° coverage of the Agriculture Drones industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year.
There are 15 Chapters to deeply display the global AGRICULTURE DRONES market.
The report is distributed over 15 Chapters to display the analysis of the global AGRICULTURE DRONES market.
Chapter 1 covers the AGRICULTURE DRONES Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2 talks about the top manufacturers and analyses their sales, revenue and pricing decisions for the duration 2016 and 2017;
Chapter 3 displays the competitive nature of the market by discussing the competition among the top manufacturers. It dissects the market using sales, revenue and market share data for 2016 and 2017;
Chapter 4, shows the global AGRICULTURE DRONES market by regions and the proportionate size of each market region based on sales, revenue and market share of AGRICULTURE DRONES for the period 2012- 2017;
Chapter 5, 6, 7, 8 and 9, are dedicated to the analysis of the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, talk about the application and types of Agriculture Drones in the market using the same set of data for the period 2012-2017;
Chapter 12 provides the market forecast by regions, types and applications using sales and revenue data for the period 2017-2022;
Chapter 13, 14 and 15 describe the value chain by focusing on the sales channel and the distributors, traders, dealers of the AGRICULTURE DRONES. The concluding chapter also includes research findings and conclusion.
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