NEW YORK, April 3, 2020 /PRNewswire/ -- 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.
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- 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.
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AGRICULTURE DRONES MCP10
MARKET ANALYSIS, TRENDS, AND FORECASTS, MARCH 2
CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Need to Increase Agriculture Production Amid Food Security Concerns Drives Focus on Farm Automation Technologies
Exhibit 1: Agriculture as a Percentage of GDP by Region (2018)
Exhibit 2: Global Population (in 000s) by Region for the Years 2018, 2025, 2035 & 2045
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
Agriculture Industry Embraces Drones to Intensify Production
Drones Emerge to Revolutionize Farming in the 21st Century
Outlook
US Occupies Major Revenue Share
Recent Market Activity
Global Competitor Market Shares
Exhibit 4: Agriculture Drones Competitor Market Share Scenario Worldwide (in %): 2019
2. FOCUS ON SELECT PLAYERS
AeroVironment, Inc. (USA)
AgEagle Aerial Systems Incorporated
Delair Technologies Inc.
DroneDeploy (USA)
Parrot SA (France)
senseFly Ltd. (Switzerland)
PrecisionHawk (USA)
SZ DJI Technology Co., Ltd. (China)
Trimble Navigation (USA)
3. MARKET TRENDS & DRIVERS
Growing Focus on Precision Agriculture Spurs Demand for Drones
Shrinking Arable Land and the Need to Improve Agricultural Efficiency and Yield Raises Significance of Drones
Exhibit 5: World Arable Land (in Million Ha): 1961-2050
Continuing Advances Enable Agricultural Drones to Undergo Major Refinements
AI Presents Perfect Match for Drones to Enable High-Performance Agricultural Drones
Companies Gear Up to Tap Agricultural Drone Demand for Field Mapping Application
Agricultural Drones Powered by Multispectral Imaging Transform Farming Practices
Rise in Popularity of Multi-Rotor Drones
Software Enhancements to Drive Growth
Incorporation of Advanced Sensors Makes Agricultural Drones More Efficient
Rise in Use of Drones for Spraying Pesticides Revolutionizes Agricultural Sector
Rise in Significance of Drones in Controlling Invasive Plants
Drones Find Use in Dispensing Beneficial Pest-Eating Insects
Drone Swarms Technology for Spraying of Large Areas
Developing Economies Exhibit High Interest in Using Drones for Agricultural Spraying Purposes
Legislative Policies Continue to Present Challenges for Drone Use in Spraying Applications
High Cost of Drones & Shortage of Trained Pilots Remain Major Issue
4. GLOBAL MARKET PERSPECTIVE
Table 1: Agriculture Drones Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 2: Agriculture Drones Market Share Shift across Key Geographies Worldwide: 2019 VS 2025
Table 3: Hardware (Type) World Market by Region/Country in US$ Thousand: 2018 to 2025
Table 4: Hardware (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025
Table 5: Software (Type) Potential Growth Markets Worldwide in US$ Thousand: 2018 to 2025
Table 6: Software (Type) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025
Table 7: Crop Spraying (Application) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 8: Crop Spraying (Application) Market Share Breakdown by Region/Country: 2019 VS 2025
Table 9: Field Mapping (Application) Demand Potential Worldwide in US$ Thousand by Region/Country: 2018-2025
Table 10: Field Mapping (Application) Share Breakdown Review by Region/Country: 2019 VS 2025
Table 11: Crop Scouting (Application) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 12: Crop Scouting (Application) Distribution of Global Sales by Region/Country: 2019 VS 2025
Table 13: Livestock (Application) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2018 through 2025
Table 14: Livestock (Application) Global Market Share Distribution by Region/Country for 2019 and 2025
Table 15: Variable Rate Application (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2018-2025
Table 16: Variable Rate Application (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2019 VS 2025
Table 17: Other Applications (Application) Worldwide Sales in US$ Thousand by Region/Country: 2018-2025
Table 18: Other Applications (Application) Market Share Shift across Key Geographies: 2019 VS 2025
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Agrictulture Drones Gain Significance Amid Worker Shortage Crisis
Exhibit 6: US Commercial Drones Market: Percentage Share Breakdown by Application (2019)
Market Analytics
Table 19: United States Agriculture Drones Market Estimates and Projections in US$ Thousand by Type: 2018 to 2025
Table 20: United States Agriculture Drones Market Share Breakdown by Type: 2019 VS 2025
Table 21: United States Agriculture Drones Latent Demand Forecasts in US$ Thousand by Application: 2018 to 2025
Table 22: Agriculture Drones Market Share Breakdown in the United States by Application: 2019 VS 2025
CANADA
Table 23: Canadian Agriculture Drones Market Estimates and Forecasts in US$ Thousand by Type: 2018 to 2025
Table 24: Agriculture Drones Market in Canada: Percentage Share Breakdown of Sales by Type for 2019 and 2025
Table 25: Canadian Agriculture Drones Market Quantitative Demand Analysis in US$ Thousand by Application: 2018 to 2025
Table 26: Canadian Agriculture Drones Market Share Analysis by Application: 2019 VS 2025
JAPAN
Drones to Come to Aid to Address Ageing Farmer Population
Market Analytics
Table 27: Japanese Market for Agriculture Drones: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2018-2025
Table 28: Japanese Agriculture Drones Market Share Analysis by Type: 2019 VS 2025
Table 29: Japanese Demand Estimates and Forecasts for Agriculture Drones in US$ Thousand by Application: 2018 to 2025
Table 30: Agriculture Drones Market Share Shift in Japan by Application: 2019 VS 2025
CHINA
Rise in Agriculture Drones to Grow Amid Coronavirus Outbreak
Competition in Chinese Drones Market
Exhibit 7: Market Share of Leading Player in the Chinese Agricultural Drones Market: 2019
Market Analytics
Table 31: Chinese Agriculture Drones Market Growth Prospects in US$ Thousand by Type for the Period 2018-2025
Table 32: Chinese Agriculture Drones Market by Type: Percentage Breakdown of Sales for 2019 and 2025
Table 33: Chinese Demand for Agriculture Drones in US$ Thousand by Application: 2018 to 2025
Table 34: Chinese Agriculture Drones Market Share Breakdown by Application: 2019 VS 2025
EUROPE
Table 35: European Agriculture Drones Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
Table 36: European Agriculture Drones Market Share Shift by Region/Country: 2019 VS 2025
Table 37: European Agriculture Drones Market Estimates and Forecasts in US$ Thousand by Type: 2018-2025
Table 38: European Agriculture Drones Market Share Breakdown by Type: 2019 VS 2025
Table 39: European Agriculture Drones Addressable Market Opportunity in US$ Thousand by Application: 2018-2025
Table 40: European Agriculture Drones Market Share Analysis by Application: 2019 VS 2025
FRANCE
Table 41: Agriculture Drones Market in France by Type: Estimates and Projections in US$ Thousand for the Period 2018-2025
Table 42: French Agriculture Drones Market Share Analysis by Type: 2019 VS 2025
Table 43: Agriculture Drones Quantitative Demand Analysis in France in US$ Thousand by Application: 2018-2025
Table 44: French Agriculture Drones Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025
GERMANY
Table 45: Agriculture Drones Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2018-2025
Table 46: German Agriculture Drones Market Share Breakdown by Type: 2019 VS 2025
Table 47: Agriculture Drones Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2018-2025
Table 48: Agriculture Drones Market Share Distribution in Germany by Application: 2019 VS 2025
ITALY
Table 49: Italian Agriculture Drones Market Growth Prospects in US$ Thousand by Type for the Period 2018-2025
Table 50: Italian Agriculture Drones Market by Type: Percentage Breakdown of Sales for 2019 and 2025
Table 51: Italian Demand for Agriculture Drones in US$ Thousand by Application: 2018 to 2025
Table 52: Italian Agriculture Drones Market Share Breakdown by Application: 2019 VS 2025
UNITED KINGDOM
Labor Shortage to Drive Emphasis on Drones
Market Analytics
Table 53: United Kingdom Market for Agriculture Drones: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2018-2025
Table 54: United Kingdom Agriculture Drones Market Share Analysis by Type: 2019 VS 2025
Table 55: United Kingdom Demand Estimates and Forecasts for Agriculture Drones in US$ Thousand by Application: 2018 to 2025
Table 56: Agriculture Drones Market Share Shift in the United Kingdom by Application: 2019 VS 2025
REST OF EUROPE
Table 57: Rest of Europe Agriculture Drones Market Estimates and Forecasts in US$ Thousand by Type: 2018-2025
Table 58: Rest of Europe Agriculture Drones Market Share Breakdown by Type: 2019 VS 2025
Table 59: Rest of Europe Agriculture Drones Addressable Market Opportunity in US$ Thousand by Application: 2018-2025
Table 60: Rest of Europe Agriculture Drones Market Share Analysis by Application: 2019 VS 2025
ASIA-PACIFIC
INDIA: Rise in Adoption of Drones in Agriculture
Market Analytics
Table 61: Agriculture Drones Market in Asia-Pacific by Type: Estimates and Projections in US$ Thousand for the Period 2018-2025
Table 62: Asia-Pacific Agriculture Drones Market Share Analysis by Type: 2019 VS 2025
Table 63: Agriculture Drones Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2018-2025
Table 64: Asia-Pacific Agriculture Drones Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025
REST OF WORLD
Table 65: Rest of World Agriculture Drones Market Estimates and Forecasts in US$ Thousand by Type: 2018 to 2025
Table 66: Agriculture Drones Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2019 and 2025
Table 67: Rest of World Agriculture Drones Market Quantitative Demand Analysis in US$ Thousand by Application: 2018 to 2025
Table 68: Rest of World Agriculture Drones Market Share Analysis by Application: 2019 VS 2025
IV. COMPETITION
Total Companies Profiled : 43 (including Divisions/Subsidiaries - 44)
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