Agricultural Drones Market to trace exponential gain till 2024; boosted by the software segment

Agricultural Drones Market in software segment  is expected to exhibit a lucrative growth over the forecast period. The agricultural drones have gained maximum leverage from the Internet of Things, arguably making agricultural industry much more advanced than ever before. The IoT is now set to drive the future of farming to the next level. High-tech and smart farming are no more things of the past, thanks to sensors and agricultural drones. Software solutions are in a way helping farmers by delivering real-time data for boosting yields. Furthermore, all of these technologies including satellite farming and agricultural drones are helping precision farming market to stimulate over the coming years.

Crop scouting application within the agricultural drones market is also assisting the farmers in achieving perfection and accuracy in fertilizer and pesticides spraying. These drones use the Normalized Difference Vegetation Index (NDVI), which detects plants under pressure with the help of various infra-red sensors. It is also used in differentiating the bare soil from grass or forest. Moreover, the UAVs mounted with LiDAR photogrammetry imaging applications helps in building topographic maps and providing an aerial view of the field.

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Farmers, all over the globe, are gradually adopting the drone technology to obtain better yields and improve their efficiency by effective use of the land, water, and fertilizers. This technology is assisting farmers in analyzing soil and crop data by taking pictures of their fields. The UAV (unmanned aerial vehicle) in agricultural drones market are the popular drones, which are incorporated with thermal cameras to provide better vision to the farmers. These images help agronomists in decision making and better monitoring of plantation. With the addition of GIS, GPS and sensor technology, the hybrid UAVs are poised to better assist the farmers by providing enhanced maneuvering information.

UAVs with an infrared camera is used for crop scouting, which provides information about plant development stage, plant health, and moisture level of the soil & plant. Crop scouting is expected to acquire a high market share during the forecast period. The growth of this segment is attributed to FAA approval for using UAVs for agricultural purpose. The technological advancements focus on increasing the scouting time and area cover. AGCO, a manufacturer of agricultural equipment has developed SOLO AGCO EDITION drone that provides scout up to 240 acres in one trip with 20 minutes of flight time.

The developments in Agricultural Drones Market is set to change the business landscape of agriculture and enable ultra-precision farming. The agricultural sector is likely to witness a major transformation in its value chain, as the robotic technology is set to enter into different aspects of farming. Rising deployment of this advanced technology is most probable to change the future of agrochemicals business and modify the designs of agricultural machinery. This has significantly impacted the market dynamics of the global agricultural drones industry.

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U.S. Agricultural Drones Market is set to observe significant gains over the coming seven years, having accounted for 30% of the overall industry share in 2016. A notable increase in the deployment of UAVs in the region for improving crop productivity and field mapping has provided a major spur to agricultural drones industry. The field mapping application accounted to be the leading segment in the overall agricultural drone market.

Some of the players in agricultural drones market include DJI, AeroVironment, PrecisionHawk, DroneDeploy, Gopro, Parrot, Yunnec, Kespry, Dronebase, and Trimble Navigation. Profit margins and increasing demand are increasing the industry attractiveness thereby increasing the number companies investing in the agricultural drone market. Government regulations, patents, and companies already developing UAVs for other applications are increasing the entry barriers for new entrants.

Chapter 5. Agricultural Drones Market, By Application

5.1. Global agricultural drones market share by application, 2016 & 2024

5.2. Field mapping

5.2.1.   Market estimates and forecast, 2013-2024

5.2.2.   Market estimates and forecast, by region, 2013-2024

5.3. Variable rate application

5.3.1.   Market estimates and forecast, 2013-2024

5.3.2.   Market estimates and forecast, by region, 2013-2024

5.4. Crop Scouting

5.4.1.   Market estimates and forecast, 2013-2024

5.4.2.   Market estimates and forecast, by region, 2013-2024

5.5. Others

5.5.1.   Market estimates and forecast, 2013-2024

5.5.2.   Agricultural Drones Market estimates and forecast, by region, 2013-2024

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