Agricultural Drones Market - Forecast(2020 - 2025)
The market for Agricultural Drones is forecast to reach $5.89 billion by 2026, growing at a CAGR of 29.75% from 2021 to 2026. An agricultural drone or unmanned aerial vehicle (UAV), unlike commercial drones, is applied in crop production for digital imaging, multispectral images, and near-infrared view of crops. Owing to their benefits in the agriculture sector, these drones find a gamut of applications for crop analysis, field mapping, and agricultural photography. The advanced implementation of technology has reflected in the agricultural sector. Drones have successfully penetrated the cultivation culture of North American countries such as the US, Mexico, and Canada. The drones are now incorporated with upgraded sensors and imaging capabilities which makes them expensive too. However, the stable economy and possibility of high investments in the region is propelling the sales in the agricultural drones market.
Report Coverage
The report: “Agricultural Drones Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Agricultural Drones Market.
By Rotor Type – Fixed Wing, Rotary Wing and Hybrid Wing.
By Size – Small, Medium and Large.
By Application – Crop Analysis, Soil and Field Analysis, Health Assessment, Smart Irrigation, Crop Spraying, Aerial Plating and Others.
By Battery Life – <30 Minutes, 30-60 Minutes, 60-100 Minutes, >100 Minutes.
By Components – Propulsion Systems, Cameras, Flight Controllers, Batteries, GPS and Others.
By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).
Key Takeaways
The Internet of Things is a launch pad for the drone sensors. This factor drives the demand for drone aerial spraying in the forecast period.
Quick availability of information and low cost operations will enhance the growth of the UAV sprayer.
Ability of the agro drones in monitoring farm and weather conditions will boost their growth in the future. . The increasing need for precision farming and intermitted evaluation of crop performance is driving the agricultural drones market in the crop scouting segment. The popularity of agricultural drone technology has increased among farmers due to their vast applications.
Agricultural drones are incorporated with thermal cameras that can detect leaks from the water distribution systems of a cultivation field. This supervision facility enables rapid detection, and corrective actions can be taken in order to avoid the loss of water. The application of drones in water management is yielding the revenues in the agricultural drones market.
Agricultural Drones Market Segment Analysis - By Rotor Type
Fixed Wing segment has dominated the Agricultural Drones Market as compared to the other rotor types. The lower cost of these solutions, especially at the low end of pricing is the major reason for their high adoption. However hybrid UAVs will have the highest growth in the coming years due to their ability of covering long distances over the fields. Economical navigation and visualisation, which includes inspection and mapping assist the farmers in monitoring their fields.
Agricultural Drones Market Segment Analysis - By Application
The field mapping application segment dominates the agricultural drones market. Benefits such as increasing the yields by analysing the crops will fuel the field mapping application segment. Drones can spray fertilizers without disturbing the soil fertility. This factor propels the growth of the crop scouting segment. Normalized Difference Vegetation Index (NDVI) with respect to crop analysis contributes to the growth of the market. NDVI uses infrared sensors to monitor the progress of the crop and capture the data that cannot be captured by the human eye.
Agricultural Drones Market Segment Analysis - By Geography
North America will dominate the Agricultural Drones Market in the forecast period with a share of 39% in 2020. This is due to the implementation of UAVs from mowing to ploughing for enhanced productivity. The increasing awareness of precision agriculture for field mapping and crop scouting has compelled the farmers to use UAVs in the farming. Asia Pacific will record the highest growth in the future due to increasing technological access in the rural parts of the region and innovation in the farming practices. The increased venture funding for the UAV manufacturers in Asia Pacific has also boosted the growth of the agricultural drone technology. Different companies in the region are manufacturing economical UAVs for more applications in the agricultural fields.
Agricultural Drones Market Drivers
Farm Labour Shortage Driving Technology Alternatives
There is a discernible dearth of farm labourers worldwide. This labour scarcity is spurring farm owners to invest in technology-alternatives, and one of them is agricultural drones. As mentioned above, this alternative to labour saves a lot of time and imparts good performances. Perceptibly, low-wages and education will further reduce the employment of labourers in the agricultural sector which will drive the agricultural drones market. However, in the short to midterm, agricultural drones, despite their relatively higher cost offer a better ROI and savings for large agricultural companies and are thus witnessing significant adoption.
High Crop Losses resulting in adoption of Drones for Aerial Spraying
According to the American Association for the Advancement of Science (AAAS), EurekAlert, the crop yield of wheat, maize, and rice losses in northern climates are estimated to double due to warmer climatic conditions in which the insects thrive. Similarly, other parts of the world, particularly Asian countries are suffering from hefty crop losses attributed to insects. While this is flourishing the insecticides market and pesticides market, it is also supporting the agricultural drones market because UAVs are now rampantly utilized for spraying insecticides and pesticides throughout the cultivation field. This reduces the overall spraying time and effort. Moreover, drones also ensure an even distribution of insecticides in the field so that all parts of the field are protected from weeds. Food loss has been a growing concern in the world, and it has become imperative to inculcate technologies in order to avoid the same and ensure a sustainable supply of crop for nourishment purpose. Rather than facing the monetary losses due to crop spoilage due to insects, farms are now investing in agricultural drones for spraying which is boosting the revenues generated in the agricultural drones market.
Agricultural Drones Market Challenges
Lack of Standardization
One of the major challenge faced by Agricultural Drones Market globally is the lack of standardization. Smart agricultural devices, including agriculture drones, communicate through various interfaces, technologies, and protocols. The lack of standardization of these communication interfaces and protocols may result in the misrepresentation of data. For years, drones have been left in limbo, with no standards in existence to guide the industry or its exponential growth. However over the forecast period, drone innovation is being taken to new heights driven by rising standardization not just limited to communication interfaces.
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Agricultural Drones Market. The Agricultural Drones Market is dominated by major companies such as 3D Robotics, SZ DJI Technology Co., Ltd., Aeronavics Ltd, Delair, PrecisionHawk, ZEROTECH, Microdrones, and Ascending Technologies (Intel).
Report Coverage
The report: “Agricultural Drones Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Agricultural Drones Market.
By Rotor Type – Fixed Wing, Rotary Wing and Hybrid Wing.
By Size – Small, Medium and Large.
By Application – Crop Analysis, Soil and Field Analysis, Health Assessment, Smart Irrigation, Crop Spraying, Aerial Plating and Others.
By Battery Life – <30 Minutes, 30-60 Minutes, 60-100 Minutes, >100 Minutes.
By Components – Propulsion Systems, Cameras, Flight Controllers, Batteries, GPS and Others.
By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).
Key Takeaways
The Internet of Things is a launch pad for the drone sensors. This factor drives the demand for drone aerial spraying in the forecast period.
Quick availability of information and low cost operations will enhance the growth of the UAV sprayer.
Ability of the agro drones in monitoring farm and weather conditions will boost their growth in the future. . The increasing need for precision farming and intermitted evaluation of crop performance is driving the agricultural drones market in the crop scouting segment. The popularity of agricultural drone technology has increased among farmers due to their vast applications.
Agricultural drones are incorporated with thermal cameras that can detect leaks from the water distribution systems of a cultivation field. This supervision facility enables rapid detection, and corrective actions can be taken in order to avoid the loss of water. The application of drones in water management is yielding the revenues in the agricultural drones market.
Agricultural Drones Market Segment Analysis - By Rotor Type
Fixed Wing segment has dominated the Agricultural Drones Market as compared to the other rotor types. The lower cost of these solutions, especially at the low end of pricing is the major reason for their high adoption. However hybrid UAVs will have the highest growth in the coming years due to their ability of covering long distances over the fields. Economical navigation and visualisation, which includes inspection and mapping assist the farmers in monitoring their fields.
Agricultural Drones Market Segment Analysis - By Application
The field mapping application segment dominates the agricultural drones market. Benefits such as increasing the yields by analysing the crops will fuel the field mapping application segment. Drones can spray fertilizers without disturbing the soil fertility. This factor propels the growth of the crop scouting segment. Normalized Difference Vegetation Index (NDVI) with respect to crop analysis contributes to the growth of the market. NDVI uses infrared sensors to monitor the progress of the crop and capture the data that cannot be captured by the human eye.
Agricultural Drones Market Segment Analysis - By Geography
North America will dominate the Agricultural Drones Market in the forecast period with a share of 39% in 2020. This is due to the implementation of UAVs from mowing to ploughing for enhanced productivity. The increasing awareness of precision agriculture for field mapping and crop scouting has compelled the farmers to use UAVs in the farming. Asia Pacific will record the highest growth in the future due to increasing technological access in the rural parts of the region and innovation in the farming practices. The increased venture funding for the UAV manufacturers in Asia Pacific has also boosted the growth of the agricultural drone technology. Different companies in the region are manufacturing economical UAVs for more applications in the agricultural fields.
Agricultural Drones Market Drivers
Farm Labour Shortage Driving Technology Alternatives
There is a discernible dearth of farm labourers worldwide. This labour scarcity is spurring farm owners to invest in technology-alternatives, and one of them is agricultural drones. As mentioned above, this alternative to labour saves a lot of time and imparts good performances. Perceptibly, low-wages and education will further reduce the employment of labourers in the agricultural sector which will drive the agricultural drones market. However, in the short to midterm, agricultural drones, despite their relatively higher cost offer a better ROI and savings for large agricultural companies and are thus witnessing significant adoption.
High Crop Losses resulting in adoption of Drones for Aerial Spraying
According to the American Association for the Advancement of Science (AAAS), EurekAlert, the crop yield of wheat, maize, and rice losses in northern climates are estimated to double due to warmer climatic conditions in which the insects thrive. Similarly, other parts of the world, particularly Asian countries are suffering from hefty crop losses attributed to insects. While this is flourishing the insecticides market and pesticides market, it is also supporting the agricultural drones market because UAVs are now rampantly utilized for spraying insecticides and pesticides throughout the cultivation field. This reduces the overall spraying time and effort. Moreover, drones also ensure an even distribution of insecticides in the field so that all parts of the field are protected from weeds. Food loss has been a growing concern in the world, and it has become imperative to inculcate technologies in order to avoid the same and ensure a sustainable supply of crop for nourishment purpose. Rather than facing the monetary losses due to crop spoilage due to insects, farms are now investing in agricultural drones for spraying which is boosting the revenues generated in the agricultural drones market.
Agricultural Drones Market Challenges
Lack of Standardization
One of the major challenge faced by Agricultural Drones Market globally is the lack of standardization. Smart agricultural devices, including agriculture drones, communicate through various interfaces, technologies, and protocols. The lack of standardization of these communication interfaces and protocols may result in the misrepresentation of data. For years, drones have been left in limbo, with no standards in existence to guide the industry or its exponential growth. However over the forecast period, drone innovation is being taken to new heights driven by rising standardization not just limited to communication interfaces.
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Agricultural Drones Market. The Agricultural Drones Market is dominated by major companies such as 3D Robotics, SZ DJI Technology Co., Ltd., Aeronavics Ltd, Delair, PrecisionHawk, ZEROTECH, Microdrones, and Ascending Technologies (Intel).
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