- Opportunity Analysis and Industry Forecast, 2016 - 2025
Agriculture drones assist farmers in improving efficiency, productivity, and quality of crops and feedstock. It is cost-effective as compared to other ways of farming, ranching, and orchard tending. As these drones are equipped with cameras, they can be used to monitor lands, mapping, surveillance, inspection, and package delivery. Technological advancements such as drones equipped with sensors help in increasing crop yield and reducing damage. These drones are small, inexpensive, easy to use, and can improve outcomes of tasks when combined with smartphones. In addition, drones help to collect large amount of precise data, which is expected to reduce water use and chemical load on crops.
Visualization and navigation offered by these machines, rise in technological innovations, and efficient resource management are factors that drive growth in the global agricultural drones market. Stringent government regulation and air traffic management along with safety and security issues are expected to pose challenges in the industry. The trend of data-driven agriculture along with increasing investment in emerging economies presents lucrative opportunities in the market.
The global agricultural drones market is segmented on the basis of type and geography. Based on type, the market is bifurcated into quadcopters and fixed wing aircraft. Geographically, it is analyzed across North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa.
Key manufacturers operating in the industry are AeroVironment Lockheed Martin, Boeing, Draganflyer, Textron, Northrop Grumman, Aurora Flight, ASN Technologies, BAE Systems, and others. These players have formulated new product launches, partnerships, collaborations, joint ventures, mergers & acquisitions, and expansion as their developmental strategies to gain a strong foothold and competitive edge in the industry.
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