Agricultural Drones Market: Global Industry Analysis and Forecast 2018 - 2023
Agricultural Drones Market Size By Product, By Application And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2018-2023
(EMAILWIRE.COM, July 30, 2018 ) Agricultural drones use an automated process to make farming more productive and they are about to be the brink of becoming the new workhorses on farms. Agricultural Drones Market was worth USD 1.43 billion in 2018 and estimated to be growing at a CAGR of 29.15% to reach USD 5.14 billion by 2023.
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Drones provide better, more flexible visualization. With the focus on productivity in agriculture spiraling upward in the farming sector, drones could be the answer to improved automation and precise control of farm monitoring and operations.
Robots are beginning to transform the way the agriculture sector functions and the advent of agricultural drones could take that change to a whole new level. Globally, farmers are adapting to drone availability, using aerial cameras to visualize plants. Video, specialized video, targeted video, and agricultural spraying systems are offered. Agricultural Drones use Technology for Spraying, Mapping, Pest Control, Seeding, Remote Sensing, and Precision Agriculture.
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The market is primarily driven by the increasing adoption of drones for crop spraying application resulting in an increase in the yield and reducing the wastage in spraying fertilizers & pesticides. Also, farmers are increasingly implementing this technology, in farming, to gain better productivity and to increase the efficiency in usage of water, land, and fertilizers. Moreover, the technological advancements, including sensors, better materials, and imaging capabilities, are also expected to drive the agricultural sector. However, lack of awareness and a limited number of skilled professionals are restraining the growth of the market.
The Global Agricultural Drones Market is segmented by product, application and region. In term of product, agriculture drone market classified into the Hardware and Software. Hardware segment consists of fixed wing, rotary blade and hybrid whereas, the software segment consists of data management, imaging software and data analysis. Based on application, global agriculture drone market is segmented into field mapping, variable rate application, crop scouting, crop spraying, livestock, agriculture photography and others. Hardware accounted for the majority of agricultural drone market share in 2016, owing to high-cost components such as fixed wing, rotary blade and hybrid UAVs. Hybrid UAVs will witness growth in the forecast period since they can perform long distance tasks along with hovering the agricultural fields. Field mapping applications dominated the global agricultural drones market size. Benefits such as increasing yield by analyzing and monitoring the crops are expected to support the segment growth over the forecast timeline. Crop scouting is expected to witness significant growth owing to its accuracy of fertilizer spraying.
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Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle -East and Africa. North America Agricultural drones market size was over 30% of the global revenue in 2016. Rising trend of implementation of UAVs for enhanced productivity and increasing awareness of precision agriculture for crop scouting and field mapping is expected to drive the industry growth in this region. APAC agricultural drones market will benefit from growing adoption and technological developments. Companies are investing in the region to develop low cost and effective UAVs for numerous applications in the agricultural sector.
Market Segmentation
Product
Introduction
Hardware
i. Fixed Wing
ii. Rotary Blade
iii. Hybrid
Software
i. Data Management
ii. Imaging
iii. Data Analytics
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
Application
Introduction
Field Mapping
Variable Rate Application
Crop Scouting
Crop Spraying
Livestock
Agriculture Photography
Others
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
The Scope of the report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Get the Complete Report & TOC @ https://www.marketdataforecast.com/market-reports/agricultural-drones-market-4167/
Drones provide better, more flexible visualization. With the focus on productivity in agriculture spiraling upward in the farming sector, drones could be the answer to improved automation and precise control of farm monitoring and operations.
Robots are beginning to transform the way the agriculture sector functions and the advent of agricultural drones could take that change to a whole new level. Globally, farmers are adapting to drone availability, using aerial cameras to visualize plants. Video, specialized video, targeted video, and agricultural spraying systems are offered. Agricultural Drones use Technology for Spraying, Mapping, Pest Control, Seeding, Remote Sensing, and Precision Agriculture.
Download FREE Sample of this Report @ https://www.marketdataforecast.com/market-reports/agricultural-drones-market-4167/request-sample
The market is primarily driven by the increasing adoption of drones for crop spraying application resulting in an increase in the yield and reducing the wastage in spraying fertilizers & pesticides. Also, farmers are increasingly implementing this technology, in farming, to gain better productivity and to increase the efficiency in usage of water, land, and fertilizers. Moreover, the technological advancements, including sensors, better materials, and imaging capabilities, are also expected to drive the agricultural sector. However, lack of awareness and a limited number of skilled professionals are restraining the growth of the market.
The Global Agricultural Drones Market is segmented by product, application and region. In term of product, agriculture drone market classified into the Hardware and Software. Hardware segment consists of fixed wing, rotary blade and hybrid whereas, the software segment consists of data management, imaging software and data analysis. Based on application, global agriculture drone market is segmented into field mapping, variable rate application, crop scouting, crop spraying, livestock, agriculture photography and others. Hardware accounted for the majority of agricultural drone market share in 2016, owing to high-cost components such as fixed wing, rotary blade and hybrid UAVs. Hybrid UAVs will witness growth in the forecast period since they can perform long distance tasks along with hovering the agricultural fields. Field mapping applications dominated the global agricultural drones market size. Benefits such as increasing yield by analyzing and monitoring the crops are expected to support the segment growth over the forecast timeline. Crop scouting is expected to witness significant growth owing to its accuracy of fertilizer spraying.
Get the Customize Report @ https://www.marketdataforecast.com/market-reports/agricultural-drones-market-4167/customize-report
Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle -East and Africa. North America Agricultural drones market size was over 30% of the global revenue in 2016. Rising trend of implementation of UAVs for enhanced productivity and increasing awareness of precision agriculture for crop scouting and field mapping is expected to drive the industry growth in this region. APAC agricultural drones market will benefit from growing adoption and technological developments. Companies are investing in the region to develop low cost and effective UAVs for numerous applications in the agricultural sector.
Market Segmentation
Product
Introduction
Hardware
i. Fixed Wing
ii. Rotary Blade
iii. Hybrid
Software
i. Data Management
ii. Imaging
iii. Data Analytics
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
Application
Introduction
Field Mapping
Variable Rate Application
Crop Scouting
Crop Spraying
Livestock
Agriculture Photography
Others
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
The Scope of the report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results