The market for agriculture drones is at its growth phase. The market is expected to grow from USD 864.4 Million in 2016 to USD 4,209.2 Million by 2022, at a CAGR of 30.19% between 2016 and 2022. The major factors driving the growth of the agriculture drones market include the increase in funding for UAV manufacturers from the venture firms and the growing awareness about the benefits of agriculture drones among the farmers and agronomists.
One of the major applications of agriculture drones is field mapping; which is leading the market. However, the agriculture drones market for crop spraying application is expected to grow at the highest rate during the forecast period since agriculture drones help in accurate spraying of fertilizers without causing any issues, such as disturbing soil fertility and over spraying, which hamper the yields of the farms.
Fixed wing drones held the largest share of the agriculture drones market in 2015. However, the market for hybrid drones is expected to grow at the highest rate between 2016 and 2022, this growth is anticipated by the fact that hybrid drones can perform tasks over long distances as well as hover over the fields. The software supporting the drones plays a key role in the growth of the adoption of these drones for agriculture applications. The data analytics software helps the farmers and agronomists decide the appropriate amount of fertilizers to be sprayed in the crops in a field; hence, the market for data analytics software held the largest share of the agriculture drones market, based on software, in 2015.
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Agriculture Drones Market, By Type
8 Agriculture Drones Market, By Component
9 Agriculture Drones Market, By Application
10 Agriculture Drones Market, By Geography
11 Competitive Landscape
12 Company Profiles