Agricultural Drone Market
Agricultural Drone Market Global Industry Assessment & Forecast
#
Pages:
155
2021
Dec - 2021
VMR-2021-1052
Segments Covered
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
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1.32 Billion |
 Revenue 2028:
|
9.89 Billion |
 Revenue CAGR
(2021 - 2028): |
28.63% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Agricultural Drone Market - Global Market Assessment, 2021 - 2028
Vantage Market Research follows a veracious methodology to arrive at market-related projections. The research methodology is based on the 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:
- Consistent, vigorous, and actionable data analysis that would help to make key business decisions
- Statistically improved and reliable insights through a veracious and well-audited research methodology.
- Independent study ensures a tangible representation of the market
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Agricultural Drone market.
FAQ
Frequently Asked Question
What is the global demand for Agricultural Drone in terms of revenue?
-
The global Agricultural Drone valued at 1.32 Billion in 2020 and is expected to reach 9.89 Billion in 2028 growing at a CAGR of 28.63%%.
Which are the prominent players in the market?
-
The prominent players in the market are AeroVironment, Inc., AgEagle Aerial Systems, Inc., America Roboticss, DJI, Israel Aerospace Industries, Microdrones, Parrot Drones, PrecisionHawk, Trimble Inc., Yamaha Motor Corp..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 28.63%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Agricultural Drone include
- The pressure on global food supply and increase in venture funding for development of agriculture drones is anticipated to augment the growth of the agricultural drone market over the forecast period. This is owing to growing world population, accessibility of arable farms, and government provisions through subsidies in various regions. Additionally, rising demand for drones in APAC countries and high adoption of aerial data collection tools in agriculture is also likely to support the market growth in near future.
- The availability of software solutions for field survey and data analytics is further expected to fuel the growth of the market in the years to come. This is owing to the increase in investments being from project capitalists and also the investors from the start-up firms provides software and analytics solutions to digitize the data that is collected from drones.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Agricultural Drone in 2020.
