Unmanned Aerial Vehicle The latest drone news
According to an August examine by Esticast Research & Consulting Market Research, the worldwide business drone market might attain $three.6 billion by 2024. However, a brand new examine forecasts an excellent bigger bumper crop for simply one of many many sub-sectors — agriculture.
The examine, launched this week by MarketInsightsReports, predicts the ag drone market will exceed your entire drone market worth referenced within the Esticast report and achieve this two years earlier.
The report foresees a $four.2 billion worth for the agricultural drone market by 2022 — representing a development price of 30 p.c and beating Esticast’s total prediction for the entire drone market by $600 million.
Although the advertising report is somewhat coy with the small print – solely providing just a few tidbits to be able to promote a $four,000 full report – it nonetheless touches on a few of the key drone gamers within the rising ag sector akin to PrecisionHawk, AeroVironment, Agribotix, AgEagle and DroneDeploy.
For these main gamers, the precision agriculture sector has already yielded a bountiful harvest of income. For instance, DroneDeploy, a business drone cloud software program platform, launched Fieldscanner in April. The answer gives real-time drone mapping for farmers, “enabling real-time, offline mapping for immediate in-field analysis.”
The most up-to-date report seems to jibe with earlier analysis. In January, Zion Research launched an analogous report overlaying areas akin to fastened and rotary drones in addition to knowledge administration, imaging software program and knowledge evaluation. Zion’s report pegs the precision agriculture drone market at $2.9 billion by 2021 – up 28 p.c from a 2015 valuation of $673 million
“Drones help farmers take better care of their crops and have a higher yield from the farm,” the report states. “Increasing automation in the agriculture process — owing to the labor crisis such as a lack of skilled farmers and aging farmers — is also expected to have a positive impact on the agriculture drone market growth.”
“Increasing automation in the agriculture process — owing to the labor crisis such as a lack of skilled farmers and aging farmers — is also expected to have a positive impact on the agriculture drone market growth.”
