Crossing the global valuation of US$1 Bn in 2020, agriculture drone market is all set to explore an impressive growth outlook over the next few years. The rise precision farming is being touted as a solid booster to agriculture drone adoption.
Rapid Adoption of Precision Farming to Fuel Growth of Agriculture Drone Market
As drones become an integral part of smart farming (or precision farming), they help farmers deal with a wide range of challenges. The success of farming normally depends on a plethora of factors farmers have little or no control over, like weather/soil conditions, temperature, and precipitation. Here’s where the use of drone technology can truly become a game changer - eliminating any guesswork and reducing uncertainty - and reap a great number of benefits. An increasing number of agriculturists seeking access to more accurate information, and nearly real-time information, which widens the scope for adoption of agricultural drone technology. This is likely to boost the build-up of agriculture drone market. By gaining access to a vast pool of data, farmers can increase crop yields, save time, reduce expenses, and act with unparalleled accuracy and precision.
Adaptation is critical and given the growing population and the global change of weather conditions, farmers will be required to utilise new-generation technologies to address emerging challenges. Agricultural drone technology has the potential to transform modern farming in several ways, such as estimating soil condition, planting future crops, fighting infections and pests, agriculture spraying, crop surveillance, and livestock monitoring. Given the potential benefits of precision farming, several technologies and tools like global positioning systems, and guided vehicles are being developed to usher in an era of precision farming.
The use of precision farming technology can boost yields by up to 5%. The Normalized Difference Vegetation Index (NDVI), a specialised imaging tool used by drones, uses precise colour data to assess the health of plants. With a team of two operators, drones can also plant considerably more effectively and can produce 400,000 trees daily. There is ongoing pressure to boost agricultural productivity and preserve crop health because of the rising worldwide need for food, which could result in higher production. Expansion of precision farming is expected to foster the growth of agriculture drone market. Precision farming tools like agriculture drones have become more prevalent due to the workforce shortage in agriculture, which fell from 27.8 percent in 2017 to 26.7 percent in 2019.
Increasing Inclination Toward Using Drones to Drive Agriculture Drone Market Ahead
According to the component, the hardware segment is anticipated to hold the most outstanding market share for farm drones. Growing demand for drone hardware component upgrades, replacement, and customisation extends drone life and improves performance. Drones and the desire for a competitive edge fuel the expansion of agriculture drone market. The corporations are also paying more attention to developing drone structures that can function in extreme climatic circumstances, promoting this industry's growth. However, due to expanding software technologies, the software category is anticipated to grow with the fastest CAGR during the projection period and the growing need for tools to analyse data more effectively for precision agriculture.
North America’s Agriculture Drone Market Stays at the Forefront
North America is the most developed market for uptake of cutting-edge technologies in agriculture with the introduction of advanced technologies and concepts in the modern age; North America has dominated the market for intelligent farming. Other farm tools were also upgraded with the use of IoT, and AI. Farmers in urban areas are familiar with cell phones and the most recent technological advancements. With the aid of sensors, farmers can ascertain when the plants in their fields are at their most productive. In North America, drones are also more helpful for spraying. For gathering plant data in outdoor settings, the precision approach is practical. Precision farming technologies were first introduced in the United States, which is why the region holds the largest market share worldwide. Canada's broad adoption of contemporary agricultural techniques contributes to the sector’s expansion. Using machine vision and AI, DroneDeploy's SkyClaim program helps agricultural professionals and insurance firms identify crop damage and estimate loss amounts. Customers of DroneDeploy have used its program to examine more than 100,000 acres and 75 different crop varieties. Agriculture drones and various sensors, including multispectral, thermal, and LIDAR sensors, are used by PrecisionHawk (US), which employs them to gather raw crop data in its PrecisionAnalytics software.
Due to increased investment in deployment of drones across agricultural businesses, agriculture drone market is anticipated to experience noticeable development over the projected period. Additionally, throughout the projected period, a sharp increase in the usage of precision farming technologies would fuel the expansion of agriculture drone market. However, growing stringency in drone-related government regulations remains an impediment facing market in long run. Additionally, growing use of automation in agriculture and farming offers numerous potential prospects for drone applications. Further, exemptions granted by the US federal authorities in the agricultural sector are anticipated to present a lucrative chance for the estimates of agriculture drone market to rise. For example, one of the top pieces of open-source, auto-piloting software for agricultural drones is PX4, which is provided by Pixhawk (Switzerland). Drones, and other uncrewed vehicles have a software to regulate their flight, which gives drone developers a flexible set of tools so they may share technologies and make solutions specifically for drone applications aided by properly analysing field data gathered by drones, and through farm surveying.
Global Agriculture Drone Market: Competitive Landscape
DJI introduced the Agras T30 drone in August 2021. It is the brand-new leader in digital agriculture from DJI. The T30 elevates aerial spraying efficiency to new heights and can cover 40 acres in an hour thanks to its 30-liter spray tank, 40kg payload capacity, 16 nozzles, and 9-meter spray range. After folding, a carbon fiber with a one-key locking arm design helps to reduce volume by 80%.
DJI introduced the AGRAS T20 drone in November 2020. For farmers, this robust, high-performance, and intelligent precision agricultural spraying drone provides excellent capabilities into a portable. Modular design for farmers who are prepared to integrate digital insights and automated spray technology into their operations, simple autonomous flight planning and terrific-sensing radar to its longer flying time, large payload capacity, and off-the-grid power options, the DJI AGRAS T20 is designed to operate in the most challenging situations and diverse agricultural areas.
A few players in agriculture drone market include AeroVironment, Inc., America Robotics, Israel Aerospace Industries, Parrot Drones, Microdrones, PrecisionHawk, AgEagle Aerial Systems, Inc., Trimble Inc., DJI, and Yamaha Motor Corp.
Global Agriculture Drone Market is Segmented as Below:
Key Elements Included In The Study: Global Agriculture Drone Market
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