The global agricultural drones market provides real-time data and imaging that helps farmers maximize crop health and yield. Agricultural drones help to monitor crop growth, detect pests and diseases early, survey fields for issues and efficiently plan crop treatments. Equipped with cameras and sensors, drones can survey vast tracts of farmland, identifying problems that may be missed from the ground.
Global agricultural drones market is estimated to be valued at US$ 4.80 Bn in 2024 and is expected to reach US$ 19.24 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 21.9% from 2024 to 2031.
Key Takeaways
Key players operating in the agricultural drones market are Aeronavics,
AeroVironment Inc., AgEagle Aerial Systems Inc., DELAIR SAS, DRONE VOLT,
FlyGuys, Harris Aerial, ideaForge Technologies Pvt. Ltd., Kray Technologies,
Nextech, Parrot Drones SAS, PrecisionHawk Inc., Sentera Inc., Shenzhen GC
electronics Co. Ltd, Skyfront, SZ DJI Technology Co. Ltd., Vision Aerial Inc.
The increasing demand for food supply and rising need for crop monitoring are
fueling market growth. Agricultural drones help improve farm productivity and
yield through precision agriculture techniques.
Growing demand in the market:
The global population is rising exponentially and there is increasing pressure
on farmers to boost agricultural production. Agricultural
Drones Market Demand help increase yields and optimize resource usage
to meet this growing demand for food. Drones equipped with advanced sensors can
monitor vast areas rapidly and identify problems early before they
significantly impact crop health and yield. This data allows pre-emptive
actions to boost productivity.
Global expansion of the market:
Leading agricultural drone companies are expanding globally as awareness and
acceptance of these technologies increase. Many countries in Asia Pacific,
South America, and Africa are investing heavily in agricultural drones to
revive struggling farm sectors. Partnerships with local players help deploy
affordable solutions and provide training. Governments also support adoption
through subsidies. This widespread implementation is expected to drive the
global market for agricultural drones at a high pace in the coming years.
Market Key Trends
One of the major trends in the agricultural drones market is the integration of
artificial intelligence and machine learning capabilities. Drone companies are
developing technologies that can autonomously identify and analyze crop conditions
using computer vision and deep learning algorithms. This helps reduce the need
for manual data analysis and intervention. AI-powered agricultural drones are
poised to drastically transform precision agriculture and boost global food
production.
Porter’s
Analysis
Threat of new entrants: New entrants in the agricultural drones market face
high capital requirements for R&D and manufacturing. Bargaining power of
buyers: Individual buyers have low bargaining power compared to large corporate
buyers due to bulk purchasing abilities and demands. Bargaining power of
suppliers: A few major suppliers exist for key drone components like imaging
sensors, increasing their bargaining power. Threat of new substitutes:
Potential substitutes include manned aircraft and satellites for crop
monitoring, limiting threat from new substitutes. Competitive rivalry: Fierce
competition exists between numerous global drone manufacturers racing to
develop advanced precision agriculture technologies.
Geographical Regions
The North American and Western European markets currently represent the highest
concentration of agricultural drones market value. This is due to widespread
technology adoption amongst large-scale corporate farms in countries like the
United States, Canada, France, Germany and the United Kingdom. Advanced drones
are increasingly utilized for tasks like crop monitoring, soil analysis and
precision spraying across vast farmlands.
The Asia Pacific region excluding Japan is poised to become the fastest growing
regional market for agricultural drones from 2024 to 2031. This is because
countries like India and China are experiencing rising demand for drone-based
solutions to increase farm productivity and optimize the use of resources. As
mechanization increases across vast smallholder farms and the agricultural
workforce grows rapidly, drones provide cost-effective means to monitor and
treat large areas of crops. Significant infrastructure development and
supportive regulations in the sector will drive high growth in the APAC region.
Get more insights on Agricultural Drones Market
Get More Insights—Access the Report in the Language that Resonates with You
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
