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Read Statistics 2021 Report on Global and U.S. Agriculture Drones Market Size May Touch $ 9.89 Billion by 2028: Vantage Market Research

·8 min read

WASHINGTON, Dec. 08, 2021 (GLOBE NEWSWIRE) -- The Global Agriculture Drones Market size is projected to reach USD 9.89 billion by 2028, exhibiting a CAGR of 28.63% during the forecast period of 2021-2028. The agriculture drones market growth is attributed to factors such as, increasing adoption of precision farming, increase in number of investments, and availability of software solutions for data analytics and field survey. Also, increasing pressure on global food supply owing to the rising population, increasing demand for agricultural drone, among others, are some of other factors that are projected to fuel the market growth; over the forecast period, states Vantage Market Research in a report, titled “Agriculture Drones Market By Offering (Hardware {Fixed Wing Drones, Rotary Blade Drones, Hybrid Drones}, Software and Services {Data Management Software, Imaging Software, Data Analytics Software, Others), By Component (Frames, Controller Systems, Propulsion Systems, Camera Systems, Navigation Systems, Batteries, Other Components, By Farming Environment (Outdoor, Indoor), By Farm Produce, Field Crops, Fruits & Vegetables, Dairy & Livestock, Others), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).” The market size stood at USD 1.32 billion in 2020.

The Report on Agriculture Drones Market Highlights:

  • Assessment of the market

  • Premium Insights

  • COVID Impact Analysis

  • Historic Data, Estimates and Forecast

  • Global and Regional Dynamics

  • Company Profiles

  • Competitive Landscape

Click Here To Access The Free Sample Report @ https://www.vantagemarketresearch.com/agricultural-drone-market-1052/request-sample

(The Free Sample Of This Report Is Readily Available On Request).

Our Free Sample Reports Includes:

  • In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.

  • Impact Analysis 150+ Pages Research Report (Including latest research)

  • Provide chapter-wise guidance on request 2020 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.

  • Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using VMR research methodology.

(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)

Market Overview:

Increase in Demand for Agricultural Drones and Adoption of Precision Farming

The Global Agriculture Drones Market growth is attributed to numerous benefits presented by using the advanced technology and development in the robotics technology. Also, along with growing economy the spending power of people is also increasing which is anticipated to fuel the market growth. The ability of agricultural drones of giving the pesticides, fertilizers, and removing the unwanted material from the field; helps in sustaining the proper growth of the plants. Thus, swelling the demand for agricultural drones. The technologies such as global positioning systems and guided vehicles are expected to create an era of precision farming. The hasty development in the agriculture sector, which is now coaching technological advances into its agricultural practices will carry on to drive the market for precision farming, and consequently agriculture drones as a part of it.

Impact of COVID-19:

The present epidemic has affected every market in the world. Many businesses, including the worldwide Agriculture Drones Market, have been impacted by the COVID-19 pandemic. To battle the epidemic, the government and nations have implemented a number of strict measures, including lockdown and adjustments to a number of industrial rules, in order to assist various enterprises in remaining competitive. The paper includes a full breakdown of the pre- and post-pandemic effect analysis. During the COVID-19 situation, the market is projected to gradually gain traction by implementing strategic plans.

Increase in Number of Investments and Demand for Global Food Supply

Since past few years, number of population is increasing tremendously leading to increasing the demand for the agricultural products. The rising attention coupled with the increasing government support towards agricultural sector is further propelling the agricultural drones market. Also, with an increasing population the demand and supply gap of global food supply is also increasing. Thus, to fulfil the requirements and cover the supply and demand gap government are taking initiatives.

However, the high cost of drones; as well as high cost of maintenance of drones may act as restraining factor for the market growth.

Important questions answered in this report:

  • What is the estimated market size and growth rate of the Agriculture Drones Market?

  • Which segments are included in the Agriculture Drones Market?

  • Which top companies are active in the Agriculture Drones Market?

  • What are the major driving factors for the growth of the Agriculture Drones Market?

  • How can I get free sample reports or study of Agriculture Drones Market?

Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/agricultural-drone-market-1052

Regional Analysis:

North America Leads the Agriculture Drones Market

North America is anticipated to hold the largest share for Agriculture Drones market. However, Asia Pacific is anticipated to grow at fastest CAGR over the forecast period which drives from 2021-2028. Well-developed agro industries, huge investments in R&D, and adoption of the advanced equipment are some of the factors witnessing the growth of the market in North America.

List of Prominent Players in the Agriculture Drones Market:

Sr. No.

Companies

Headquaters

1

)

DJI

China

2

)

PrecisionHawk

US

3

)

Trimble Inc.

US

4

)

Parrot

France

5

)

3DR

US

6

)

AeroVironment, Inc.

US

7

)

Yamaha Motor Corp.

Japan

8

)

DroneDeploy

US

9

)

AgEagle Aerial Systems, Inc.

US

10

)

OPTiM Corp.

Japan

Advantages of this Research:

  • Evaluate market share for commercial Agriculture Drones market opportunities, track market size, competitive drug sales, synthesis insights for commercial development and licensing.

  • Develop tactics and strategies to take advantage of opportunities in the Agriculture Drones market.

  • Latest Trends and Market Events and analyze essential events in Agriculture Drones market.

  • Develop an in-depth knowledge of competition and analyze sales data to update your brand planning trackers.

  • Answer vital business questions; supports decision making in R&D to long term marketing strategies

  • Develop economic models, forecast models, and healthcare frameworks.

Request Customized Copy of Report @ https://www.vantagemarketresearch.com/agricultural-drone-market-1052/customization-request

(We customize your report according to your research need. Ask our sales team for report customization.)

Recent Developments in the Industry:

  1. On March 2020, Draganfly (Canada) partnered AeroVironment, Inc. for Draganfly’s distribution of AeroVironment’s Quantix Mapper systems to commercial markets worldwide.

Browse market data Tables and Figures spread through Pages and in-depth TOC on "Agricultural Drone Market by Offering (Hardware, Software and Services), by Component (Cameras, Batteries, Navigation Systems, Others), by Application (Precision Agriculture, Livestock Monitoring, Smart Greenhouse, Irrigation, Precision Fish Farming, Others), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)"

View detailed Table of Content here - https://www.vantagemarketresearch.com/press-release/agricultural-drone-market-798397

This report provides details about prevalence, incidence, distribution of patients, and average price of treatment, market & technological trends and new product developments of Agriculture Drones Market.

.Report Attribute

Details

Expected CAGR Growth

CAGR of 28.63% from 2021 to 2028

Market Size 2020 Value

USD 1.32 Billion

Market Forecast for 2028

USD 9.89 Billion

Base Year

2020

Historic Years

2016 – 2019

Forecast Years

2021 – 2028

Segments Covered

By Offering

By Component

By Farming Environment

By Farm Produce

Quantitative Data - Units

Revenue in USD Million/Billion and CAGR from 2021 to 2028

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Browse More Related Report:

Table of Content –

  1. Chapter No. 1: Introduction

    1. Report Scope

    2. Objectives of the Study

    3. USP & Key Offerings

    4. Target Audience

    5. Vantage Market Research Report Guidance/Walk-through

  2. Chapter No. 2: Premium Insights

    1. Market Snapshot

    2. Top Investment Pockets

      1. Market Attractiveness Analysis, By Offering

      2. Market Attractiveness Analysis, By Component

      3. Market Attractiveness Analysis, By Application

      4. Market Attractiveness Analysis, By Asia Pacific

    3. Insights from Primary Respondents

  3. Chapter No. 3: Key Market Dynamics

    1. Introduction

    2. Market Drivers

    3. Market Restraints

    4. Market Opportunities

    5. Porter’s Five Forces Analysis

    6. PEST Analysis

    7. Regulatory Landscape

About Vantage Market Research:

Vantage Market Research is a reputed company committed to providing high quality data and market research services. The company provides quantified B2B high quality research on more than 20,000 emerging markets. The company offers detailed reports on multiple industries including chemical materials and energy, food and beverages, healthcare, technology, etc. The company comprises over 125 analysts and consultants, adding more than 1,100 market research reports to its vast database every year. The company’s clientele base spans across 70% of the Global Fortune 500 companies.

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