Product Code: MCP10128
Agriculture Drones market worldwide is projected to grow by US$4.8 Billion, driven by a compounded growth of 30.2%. Hardware, one of the segments analyzed and sized in this study, displays the potential to grow at over 29.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.1 Billion by the year 2025, Hardware will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 32.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over *US$287.7 Million to the region's size and clout in the next 5 to 6 years. *Over US$334.5 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Hardware will reach a market size of US$274.7 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 36.9% over the next couple of years and add approximately US$868.7 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,
- AeroVironment, Inc.
- AgEagle Aerial Systems Incorporated
- Delair Technologies Inc.
- DroneDeploy
- Parrot SA
- PrecisionHawk
- SZ DJI Technology Co., Ltd.
- Trimble Navigation.
TABLE OF CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE 1
II. EXECUTIVE SUMMARY 11
1. MARKET OVERVIEW 11
- Need to Increase Agriculture Production Amid Food Security Concerns Drives Focus on Farm Automation Technologies 11
- EXHIBIT 1: Agriculture as a Percentage of GDP by Region (2018) 12
- EXHIBIT 2: Global Population (in 000s) by Region for the Years 2018, 2025, 2035 & 2045 13
- EXHIBIT 3: Climate Change and its Negative Impact On Agriculture Increases Reliance On Advanced Farming Systems & Technologies to Sustain Crop Production: Average Global Surface Temperature (In Degrees Fahrenheit) For The Years 1940, 2000 And 2020 14
- Agriculture Industry Embraces Drones to Intensify Production 14
- Drones Emerge to Revolutionize Farming in the 21st Century 15
- Outlook 17
- US Occupies Major Revenue Share 18
- Recent Market Activity 18
- Global Competitor Market Shares 19
- EXHIBIT 4: Agriculture Drones Competitor Market Share Scenario Worldwide (in %): 2019 19
2. FOCUS ON SELECT PLAYERS 20
- AeroVironment, Inc. (USA) 20
- AgEagle Aerial Systems Incorporated 20
- Delair Technologies Inc. 21
- DroneDeploy (USA) 21
- Parrot SA (France) 21
- senseFly Ltd. (Switzerland) 22
- PrecisionHawk (USA) 22
- SZ DJI Technology Co., Ltd. (China) 22
- Trimble Navigation (USA) 23
3. MARKET TRENDS & DRIVERS 24
- Growing Focus on Precision Agriculture Spurs Demand for Drones 24
- Shrinking Arable Land and the Need to Improve Agricultural Efficiency and Yield Raises Significance of Drones 25
- EXHIBIT 5: World Arable Land (in Million Ha): 1961-2050 27
- Continuing Advances Enable Agricultural Drones to Undergo Major Refinements 27
- AI Presents Perfect Match for Drones to Enable High-Performance Agricultural Drones 28
- Companies Gear Up to Tap Agricultural Drone Demand for Field Mapping Application 29
- Agricultural Drones Powered by Multispectral Imaging Transform Farming Practices 30
- Rise in Popularity of Multi-Rotor Drones 31
- Software Enhancements to Drive Growth 31
- Incorporation of Advanced Sensors Makes Agricultural Drones More Efficient 32
- Rise in Use of Drones for Spraying Pesticides Revolutionizes Agricultural Sector 33
- Rise in Significance of Drones in Controlling Invasive Plants 34
- Drones Find Use in Dispensing Beneficial Pest-Eating Insects 34
- Drone Swarms Technology for Spraying of Large Areas 34
- Developing Economies Exhibit High Interest in Using Drones for Agricultural Spraying Purposes 35
- Legislative Policies Continue to Present Challenges for Drone Use in Spraying Applications 35
- High Cost of Drones & Shortage of Trained Pilots Remain Major Issue 36
4. GLOBAL MARKET PERSPECTIVE 37
- TABLE 1: Agriculture Drones Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025 37
- TABLE 2: Agriculture Drones Market Share Shift across Key Geographies Worldwide: 2019 VS 2025 38
- TABLE 3: Hardware (Type) World Market by Region/Country in US$ Thousand: 2018 to 2025 39
- TABLE 4: Hardware (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025 40
- TABLE 5: Software (Type) Potential Growth Markets Worldwide in US$ Thousand: 2018 to 2025 41
- TABLE 6: Software (Type) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025 42
- TABLE 7: Crop Spraying (Application) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2018-2025 43
- TABLE 8: Crop Spraying (Application) Market Share Breakdown by Region/Country: 2019 VS 2025 44
- TABLE 9: Field Mapping (Application) Demand Potential Worldwide in US$ Thousand by Region/Country: 2018-2025 45
- TABLE 10: Field Mapping (Application) Share Breakdown Review by Region/Country: 2019 VS 2025 46
- TABLE 11: Crop Scouting (Application) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2018-2025 47
- TABLE 12: Crop Scouting (Application) Distribution of Global Sales by Region/Country: 2019 VS 2025 48
- TABLE 13: Livestock (Application) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2018 through 2025 49
- TABLE 14: Livestock (Application) Global Market Share Distribution by Region/Country for 2019 and 2025 50
- TABLE 15: Variable Rate Application (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2018-2025 51
- TABLE 16: Variable Rate Application (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2019 VS 2025 52
- TABLE 17: Other Applications (Application) Worldwide Sales in US$ Thousand by Region/Country: 2018-2025 53
- TABLE 18: Other Applications (Application) Market Share Shift across Key Geographies: 2019 VS 2025 54
III. MARKET ANALYSIS 55
- GEOGRAPHIC MARKET ANALYSIS 55
- UNITED STATES 55
- Agrictulture Drones Gain Significance Amid Worker Shortage Crisis 55
- EXHIBIT 6: US Commercial Drones Market: Percentage Share Breakdown by Application (2019) 55
- Market Analytics 56
- TABLE 19: United States Agriculture Drones Market Estimates and Projections in US$ Thousand by Type: 2018 to 2025 56
- TABLE 20: United States Agriculture Drones Market Share Breakdown by Type: 2019 VS 2025 57
- TABLE 21: United States Agriculture Drones Latent Demand Forecasts in US$ Thousand by Application: 2018 to 2025 58
- TABLE 22: Agriculture Drones Market Share Breakdown in the United States by Application: 2019 VS 2025 59
- CANADA 60
- TABLE 23: Canadian Agriculture Drones Market Estimates and Forecasts in US$ Thousand by Type: 2018 to 2025 60
- TABLE 24: Agriculture Drones Market in Canada: Percentage Share Breakdown of Sales by Type for 2019 and 2025 61
- TABLE 25: Canadian Agriculture Drones Market Quantitative Demand Analysis in US$ Thousand by Application: 2018 to 2025 62
- TABLE 26: Canadian Agriculture Drones Market Share Analysis by Application: 2019 VS 2025 63
- JAPAN 64
- Drones to Come to Aid to Address Ageing Farmer Population 64
- Market Analytics 64
- TABLE 27: Japanese Market for Agriculture Drones: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2018-2025 64
- TABLE 28: Japanese Agriculture Drones Market Share Analysis by Type: 2019 VS 2025 65
- TABLE 29: Japanese Demand Estimates and Forecasts for Agriculture Drones in US$ Thousand by Application: 2018 to 2025 66
- TABLE 30: Agriculture Drones Market Share Shift in Japan by Application: 2019 VS 2025 67
- CHINA 68
- Rise in Agriculture Drones to Grow Amid Coronavirus Outbreak 68
- Competition in Chinese Drones Market 69
- EXHIBIT 7: Market Share of Leading Player in the Chinese Agricultural Drones Market: 2019 69
- Market Analytics 70
- TABLE 31: Chinese Agriculture Drones Market Growth Prospects in US$ Thousand by Type for the Period 2018-2025 70
- TABLE 32: Chinese Agriculture Drones Market by Type: Percentage Breakdown of Sales for 2019 and 2025 71
- TABLE 33: Chinese Demand for Agriculture Drones in US$ Thousand by Application: 2018 to 2025 72
- TABLE 34: Chinese Agriculture Drones Market Share Breakdown by Application: 2019 VS 2025 73
- EUROPE 74
- TABLE 35: European Agriculture Drones Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025 74
- TABLE 36: European Agriculture Drones Market Share Shift by Region/Country: 2019 VS 2025 75
- TABLE 37: European Agriculture Drones Market Estimates and Forecasts in US$ Thousand by Type: 2018-2025 76
- TABLE 38: European Agriculture Drones Market Share Breakdown by Type: 2019 VS 2025 77
- TABLE 39: European Agriculture Drones Addressable Market Opportunity in US$ Thousand by Application: 2018-2025 78
- TABLE 40: European Agriculture Drones Market Share Analysis by Application: 2019 VS 2025 79
- FRANCE 80
- TABLE 41: Agriculture Drones Market in France by Type: Estimates and Projections in US$ Thousand for the Period 2018-2025 80
- TABLE 42: French Agriculture Drones Market Share Analysis by Type: 2019 VS 2025 81
- TABLE 43: Agriculture Drones Quantitative Demand Analysis in France in US$ Thousand by Application: 2018-2025 82
- TABLE 44: French Agriculture Drones Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025 83
- GERMANY 84
- TABLE 45: Agriculture Drones Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2018-2025 84
- TABLE 46: German Agriculture Drones Market Share Breakdown by Type: 2019 VS 2025 85
- TABLE 47: Agriculture Drones Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2018-2025 86
- TABLE 48: Agriculture Drones Market Share Distribution in Germany by Application: 2019 VS 2025 87
- ITALY 88
- TABLE 49: Italian Agriculture Drones Market Growth Prospects in US$ Thousand by Type for the Period 2018-2025 88
- TABLE 50: Italian Agriculture Drones Market by Type: Percentage Breakdown of Sales for 2019 and 2025 89
- TABLE 51: Italian Demand for Agriculture Drones in US$ Thousand by Application: 2018 to 2025 90
- TABLE 52: Italian Agriculture Drones Market Share Breakdown by Application: 2019 VS 2025 91
- UNITED KINGDOM 92
- Labor Shortage to Drive Emphasis on Drones 92
- Market Analytics 93
- TABLE 53: United Kingdom Market for Agriculture Drones: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2018-2025 93
- TABLE 54: United Kingdom Agriculture Drones Market Share Analysis by Type: 2019 VS 2025 94
- TABLE 55: United Kingdom Demand Estimates and Forecasts for Agriculture Drones in US$ Thousand by Application: 2018 to 2025 95
- TABLE 56: Agriculture Drones Market Share Shift in the United Kingdom by Application: 2019 VS 2025 96
- REST OF EUROPE 97
- TABLE 57: Rest of Europe Agriculture Drones Market Estimates and Forecasts in US$ Thousand by Type: 2018-2025 97
- TABLE 58: Rest of Europe Agriculture Drones Market Share Breakdown by Type: 2019 VS 2025 98
- TABLE 59: Rest of Europe Agriculture Drones Addressable Market Opportunity in US$ Thousand by Application: 2018-2025 99
- TABLE 60: Rest of Europe Agriculture Drones Market Share Analysis by Application: 2019 VS 2025 100
- ASIA-PACIFIC 101
- INDIA: Rise in Adoption of Drones in Agriculture 101
- Market Analytics 102
- TABLE 61: Agriculture Drones Market in Asia-Pacific by Type: Estimates and Projections in US$ Thousand for the Period 2018-2025 102
- TABLE 62: Asia-Pacific Agriculture Drones Market Share Analysis by Type: 2019 VS 2025 103
- TABLE 63: Agriculture Drones Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2018-2025 104
- TABLE 64: Asia-Pacific Agriculture Drones Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025 105
- REST OF WORLD 106
- TABLE 65: Rest of World Agriculture Drones Market Estimates and Forecasts in US$ Thousand by Type: 2018 to 2025 106
- TABLE 66: Agriculture Drones Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2019 and 2025 107
- TABLE 67: Rest of World Agriculture Drones Market Quantitative Demand Analysis in US$ Thousand by Application: 2018 to 2025 108
- TABLE 68: Rest of World Agriculture Drones Market Share Analysis by Application: 2019 VS 2025 109
IV. COMPETITION
- Total Companies Profiled : 43 (including Divisions/Subsidiaries - 44)
- AGRICULTURE DRONES MCP10128
- CONTENTS
