Agriculture Drones Market Opportunities and Challenges

Northbrook, USA, 2020-Mar-24 — /EPR Network/ —

According to the new market research report “Agriculture Drones Market by Offering (Hardware and Software & Services), Application (Precision Farming, Livestock Monitoring, Precision Fish Farming, and Smart Greenhouse), Component, and Geography – Global Forecast to 2024″ the agriculture drones market is expected to grow from USD 1.2 billion by 2019 to USD 4.8 billion by 2024 at a CAGR of 31.4%. A few key factors driving the growth of this market are increase in venture funding for the development of agriculture drones, and availability of software solutions for field survey and data analytics.

Hardware to hold larger share of agriculture drones market during forecast period

Hardware is expected to account for a larger share of the agriculture drones market during the forecast period. Drones can take aerial photos of crops and fields, and as they fly at heights lower than satellites, they can also take images with the centimeter-level resolution. By now, a significant number of farmers have started experimenting with drones. The rise in the use of drones by farmers or agronomists would lead hardware to capture a major share of the market in the coming years.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23709764

Navigation systems to register highest CAGR in agriculture drones market during forecast period

The agriculture drones market for navigation systems is expected to grow at the highest CAGR during the forecast period. A drone well equipped with a navigation system and an autopilot system, including a camera, gives plenty of aerial options. Agriculture drones with GPS receivers recognize their position within a farm, which enables them to adjust operations to maximize productivity or efficiency at that location.

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. The rate of adoption of smart agriculture techniques is likely to grow at a high pace in this region, mainly led by emerging countries such as India and China, and countries in Southeast Asia. The rapidly increasing population, availability of arable farms, and government support through subsidies are the major factors driving the adoption of agriculture drones in APAC.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=23709764

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.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com