According to the new market research report “Agriculture Drones Market with COVID-19 Impact Analysis, by Application (Precision Farming, Livestock Monitoring), Offering, Farming Environment, Farm Produce, Component, and Geography – Global Forecast to 2025″, is expected to grow from USD 1.2 billion in 2020 to USD 5.7 billion by 2025 at a CAGR of 35.9% from 2020 to 2025. One of the major factors driving the growth of this market is pressure on global food supply due to growing world population.
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Driver: Availability of software solutions for field survey and data analytics
PX4 is one of the leading open-source, auto-piloting software offered by Pixhawk (Switzerland) in the agriculture drones market. It is a flight control software for drones and other unmanned vehicles. The software provides a flexible set of tools for drone developers to share technologies and create tailored solutions for drone applications. The farm surveying plays an important role in precision farming, along with proper analysis of field data collected by drones.
Opportunity: High adoption of aerial data collection tools in agriculture
Agriculture experts and insurance companies use DroneDeploy’s SkyClaim app to detect crop damage and determine loss estimates using computer vision and AI. DroneDeploy customers have analyzed more than 100,000 acres and 75 different crop types using its app. PrecisionHawk (US) uses agriculture drones and different sensors, such as multispectral, thermal, and LIDAR sensors, to collect raw crop data for analysis using its PrecisionAnalytics software.
Agriculture drones market in APAC to grow at highest CAGR during forecast period
The agriculture drones market in APAC is expected to grow at the highest CAGR during the forecast period. Factors driving the adoption of agriculture drones in APAC include the increasing demand for food, high pressure to improve yields with limited available resources, and increasing requirement to protect crops from unexpected climatic changes. Many insurance companies and governing bodies in India have been using agriculture drones to gather information about crop losses caused by deficit rainfall in India.
DJI (China), PrecisionHawk (US), Trimble Inc. (US), Parrot Drones (France), 3DR (US), AeroVironment, Inc. (US), Yamaha Motor Corp. (Japan), DroneDeploy (US), AgEagle Aerial Systems, Inc. (US), and OPTiM Corp. (Japan) are some of the major players in the agriculture drones market.
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