Agricultural Drones Market size predicted to grow with 21% CAGR from 2016 to 2023

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Agricultural Drones Market size predicted to grow
with 21 CAGR to hit USD 555 Million by 2023
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Agricultural Drones Market

• U.S. agricultural drones market share accounted
  for around 22 in 2015 and is anticipated to
  reach USD 250 million over the forecast period.
  Unmanned Aerial Vehicle (UAV) detects specific
  light wavelength related with walnut blight
  disease, allocating pest managers or farmers in
  order to counter the issue which in turn reduces
  crop damage as well as improves productivity.
• Asia Pacific agricultural drones market size was
  valued USD over 32 million in 2015 and is likely
  to attain USD 135 million by 2023 at CAGR of 22
  during the coming few years.

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Application Analysis of Agricultural Drones
Market

• UAVs are easy to fly, with a hand-held, video
  game-like controller. It captures videos and
  pictures of fields, livestock operations and
  orchards with high resolution.
• Commercial agricultural drone market is
  anticipated to grow significantly owing to
  aircrafts are able to perform more cost
  efficiently than other ways of ranching, orchard
  tending and farming. It is likely to help farmers
  improve livestock and crop quality. It also
  yields to increase productivity which in turn
  feed the growing population.
• The drones geo-tag the pictures captured and
  also transmit them, along with all the data, to
  software in order to create high-resolution or
  even 3D maps and geo-referenced that assists the
  farmer to analyze the crops. It also notifies the
  farmer about the well-beings of the plants.

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Competitive Market Share of Agricultural Drones
Market

• Major players occupying significant agricultural
  drones market share include AeroVironment
  Lockheed Martin, Draganflyer, Boeing, Textron,
  AeroVironment and Northrop Grumman.
• Other key competent includes ASN Technologies,
  Aurora Flight, BAE Systems, China Aerospace,
  Denel Dynamics, General Dynamics, Honeywell,
  General Atomics, Google, Israel Aerospace
  Industries, Marcus UAV, Prox Dynamics, RUAG
  Aerospace, Proxy Technologies and Wing Loong
  among others.

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