Agriculture Drones Market

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MarketsandMarkets Research Private Ltd.
Presents
Agriculture Drones Market worth 4.8 billion by
2024 with a growing CAGR of 31.4
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griculture-drones-market-23709764.html
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According to the new market research report
"Agriculture Drones Market by Offering (Hardware
and Software Services), Application (Precision
Farming, Livestock Monitoring, Precision Fish
Farming, and Smart Greenhouse), Component, and
Geography - Global Forecast to 2024" the
agriculture drones market is expected to grow
from USD 1.2 billion by 2019 to USD 4.8 billion
by 2024 at a CAGR of 31.4. A few key factors
driving the growth of this market are increase in
venture funding for the development of
agriculture drones, and availability of software
solutions for field survey and data
analytics. Browse gtgt 62
Market data tables 35
figures 157 pages and
in-depth TOC on Agriculture Drones Market
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eleases/agriculture-drones.asp
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Hardware to hold larger share of agriculture
drones market during forecast period Hardware is
expected to account for a larger share of the
agriculture drones market during the forecast
period. Drones can take aerial photos of crops
and fields, and as they fly at heights lower than
satellites, they can also take images with the
centimeter-level resolution. By now, a
significant number of farmers have started
experimenting with drones. The rise in the use of
drones by farmers or agronomists would lead
hardware to capture a major share of the market
in the coming years. Navigation systems to
register highest CAGR in agriculture drones
market during forecast period The agriculture
drones market for navigation systems is expected
to grow at the highest CAGR during the forecast
period. A drone well equipped with a navigation
system and an autopilot system, including a
camera, gives plenty of aerial options.
Agriculture drones with GPS receivers recognize
their position within a farm, which enables them
to adjust operations to maximize productivity or
efficiency at that location.
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griculture-drones-market-23709764.html
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Agriculture drones market in APAC to grow at
highest CAGR during forecast period The
agriculture drones market in APAC is expected to
grow at the highest CAGR during the forecast
period. The rate of adoption of smart agriculture
techniques is likely to grow at a high pace in
this region, mainly led by emerging countries
such as India and China, and countries in
Southeast Asia. The rapidly increasing
population, availability of arable farms, and
government support through subsidies are the
major factors driving the adoption of agriculture
drones in APAC. DJI (China), PrecisionHawk (US),
Trimble Inc. (US), Parrot Drones (France), 3DR
(US), AeroVironment, Inc. (US), Yamaha Motor
Corp. (Japan), DroneDeploy (US), AgEagle Aerial
Systems, Inc. (US), and OPTiM Corp. (Japan) are
some of the major players in the agriculture
drones market.
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griculture-drones.asp
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