Latest
industry research report on: Global Agricultural Drones Market |
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Global Agricultural Drones
Market: Overview
Agricultural drones are on the
brink of becoming the new workhorses on farms. With the focus on
productivity in agriculture spiraling upward in the farming sector,
drones could be the answer to improved automation and precise control
of farm monitoring and operations. Already, robots are beginning to
transform the way the agriculture sector functions and the advent of
agricultural drones could take that change to a whole new level.
According to a report released by Bank of America Merrill Lynch, the
market for agricultural robots is expected to surpass US$16 bn by
2020, up from US$817 mn in 2013. Agricultural drones are anticipated
to account for a significant portion of the overall agricultural
robots industry in the near future.
Analysts expect the market for
agricultural drones to receive a boost from government authorities as
it has the potential to employ close to a 100,000 people in the next
10 years, thus contributing remarkably to the world’s economy.
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Companies
have been quick in spotting this opportunity and have already lined
up a bevy of agricultural drones, each designed for a specific
purpose, for farmers looking to bring more technology to their
farming practice. The market has just taken flight with companies
such as GoPro announcing the launch of drones in 2016. E-commerce
websites such as Amazon and eBay have stocked commercial drones and
are estimated to expand their portfolio by adding agricultural drones
in the next few months.
Agricultural
drones are likely to be among the top revenue generators in the
overall commercial drones industry. There are several operations on a
farm where the use of drones can improve the status quo. For
instance, drones can be used for thermal imaging to tell which
patches in a farm need more pesticides or water by providing
information on whether specific sections of the farm have distressed
crops. Farmers can also use thermal imaging provided by agricultural
drones fitted with infrared cameras to determine when the time is
ready to harvest crops.
Global
Agricultural Drones Market: Drivers and Opportunities
The
opportunities are just beginning to emerge in the global agricultural
drones market and will only expand over the next decade. The market
is also projected to receive a push owing to the fact that many
people are not keen on working on farms, as income is dependent
heavily on the weather and the risks are becoming increasingly high
because of the vagaries of the weather. The use of drones could bring
the ability to monitor farm and weather conditions within the reach
of the average farmer, thus boosting the confidence of stakeholders
in the agricultural sector worldwide.
In
countries where agriculture still forms the backbone of the economy,
opportunities can be tapped in areas such as pesticide and
insecticide spraying, seeding, pest control, mapping and thermal
imaging, and remote sensing. The Internet of Things would prove to be
the launch pad for the global agricultural drones market, bringing
more transparency to the overall farming process. Thus, besides
drones ushering in an era of digital farming, they would also create
a massive sales and service market. The need for software and
applications designed specifically for the agricultural sector would
provide new opportunities in the technology industry.
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Global Agricultural Drones
Market: Competitive Overview
Competition in the global
agricultural drones market is just beginning to intensify with the
launch of novel products. For instance, FLIR, a company that
manufactures thermal imaging cameras, has brought to the market a
drone camera that offers a heat map of farms. Companies that
currently operate in the global drones market include AeroVironment,
Yamaha, DJI, GoPro, GoPro, Google, and Boeing. Many of these would be
strong contenders in the global agricultural drones market in the
near future.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. Geographies analyzed under this research
report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides
comprehensive analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
Reasons for Buying this
Report
This report provides
pin-point analysis for changing competitive dynamics
It provides a forward
looking perspective on different factors driving or restraining
market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
It helps in understanding
the key product segments and their future
It provides pin point
analysis of changing competition dynamics and keeps you ahead of
competitors
It helps in making informed
business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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