Agricultural Drones Market - Global Industry Analysis, Share, Growth, Trends, and Forecast 2017 - 2024 - PowerPoint PPT Presentation

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Agricultural Drones Market - Global Industry Analysis, Share, Growth, Trends, and Forecast 2017 - 2024

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For More Information @ Field mapping applications dominated the global agricultural drones market size. Benefits such as increasing yield benefits by analysing and monitoring the crops are expected to support the segment growth over the forecast timeline. Crop scouting is expected to witness significant growth owing to its accuracy of fertilizer spraying. Development of graphical indicators such as Normalized Difference Vegetation Index (NDVI) helps in differentiating bare soil from grass or forest and detects plants under stresses by using various infra-red sensors. – PowerPoint PPT presentation

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Title: Agricultural Drones Market - Global Industry Analysis, Share, Growth, Trends, and Forecast 2017 - 2024


1
Global Agricultural Drones Market share to reach
1bn by 2024 Global Market Insights Inc.
2
Key Insights from Agricultural Drones Market
  • Agricultural Drones Market size is set to surpass
    USD 1 billion by 2024. Global shipments will
    exceed 200 thousand units by 2024.
  • Growing awareness regarding UAV implementation
    benefits among farmers will support the
    agricultural drones market share from 2017 to
    2024. Increasing technological advancements to
    enhance quality farming techniques will further
    drive the industry demand over the forecast
    timeline. Increasing automation due to lack of
    skilled resources and labor crisis will fuel the
    industry. Favorable government initiatives across
    the agricultural sector will allow large and
    small operations to aid in effective farming
    practices.
  • The agricultural drones market is emerging as a
    profitable industry under the commercial sector.
    These products assist farmers in providing soil
    and crop data by taking pictures for assisting in
    crop management and adding components such as
    navigation system, GPS, and GIS benefit UAVs for
    improved maneuvering.

3
Continued...
  • UVAs incorporated with infrared, hyperspectral,
    and multispectral cameras provide the required
    vision to the farmers, thus shielding the crops
    and farm. These images provide the necessary data
    and support the decision-making process. Images
    captured by multispectral cameras serve as an
    effective tool for plant health and soil
    evaluation analysis. Identification of weeds,
    pests, pesticide usage optimization, determining
    spacing issues, visual inspection of crops and
    fence are among the major benefits.
  • UAV LiDAR and photogrammetry imaging applications
    are potential opportunities for the agricultural
    drones market size. UAVs mounted with lidar
    drones in community projects will help in
    providing aerial view and building topographic
    maps.
  • Stringent government regulations and patents
    involved with advanced technologies will hamper
    the agricultural drones market size from 2017 to
    2024. The products are required to avoid
    emergency conditions or accidents in the farms.
    Thus, lack of trained pilots and safety concerns
    associated with these devices are major
    challenges for the industry.

4
Europe Agricultural Drones Market Size, by
Product, 2016 2024 ( Mn)
5

Browse Full Market Research Report On
Agricultural Drones Market _at_ http//bit.ly/2qLcYnf
Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
/detail/253
6
Continued...
  • The crop scouting applications are forecast to
    have significant growth prospects owing to
    utilization in reducing the fertilizer and
    pesticide wastage, further increasing the crop
    yields.
  • Favorable government initiatives in the
    agricultural sector is expected to be the key
    growth factors in the Europe agricultural drones
    market size. Venture capitalists are investing in
    unmanned aerial vehicle startups which will yield
    significant return to the investors. Companies
    such as Syngenta, Mitsui and Monsanto backed
    startups for improving crop spraying, harvesting
    and irrigation. DJI elevated USD 75 million
    during its first drone launch for the
    agricultural space.
  • Companies operating in the agricultural drones
    market include AeroVironment, Trimble Navigation
    Ltd., DJI Technology, PrecisionHawk, 3D Robotics,
    and Parrot SA. Industry participants are focusing
    on strategic acquisitions in order to consolidate
    share and expand regional and global presence.

7
360 Analysis
  • Application Trends
  • Field mapping applications dominated the global
    agricultural drones market size. Benefits such as
    increasing yield benefits by analysing and
    monitoring the crops are expected to support the
    segment growth over the forecast timeline. Crop
    scouting is expected to witness significant
    growth owing to its accuracy of fertilizer
    spraying.
  • Regional Trends
  • U.S. agricultural drones market size was over 30
    of the global revenue in 2016. Rising trend of
    implementation of UAVs for enhanced productivity
    and increasing awareness of precision agriculture
    for crop scouting and field mapping is expected
    to drive the industry growth in this region. APAC
    agricultural drones market will benefit from
    growing adoption and technological developments.
  • Competitive Market Share
  • AeroVironment, DJI, DroneDeploy, GoPro,
    PrecisionHawk, and Trimble Navigation are some of
    the major companies operating in the agricultural
    drones market. The companies are focusing on
    having strategic acquisition in order to gain
    competitive market share in the industry.
    Corporate investors such as Monsanto, Syngenta,
    and Mitsui, backed emerging start-ups for
    improving harvesting, crop spraying, and
    irrigation.


8
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