Global agriculture drone market research and forecast 2022-2028: increase in precision farming drives growth - researchandmarkets.com
Dublin--(business wire)--the "global agriculture drone market research and forecast 2022-2028" report has been added to researchandmarkets.com's offering. global agriculture drone market size, share & trends analysis report by type (fixed-wing, multi rotor, and hybrid uavs), by application (spraying, field mapping, crop scouting and others), forecast 2021-2027 the global agriculture drone market is anticipated to grow at a cagr of around 15.8% during the forecast period. an agriculture drone is a generally unmanned aerial vehicle that is used to optimize operations, monitor crop growth and increases crop productions. the factors attributing to the growth of global agriculture drone markets include growing various drone service providers, increasing funding, real-time farm management, and technological advancement. other factors such as the increase in precision farming as it has many advantages such as various positing systems and guided vehicles are being developed to create precision farming. moreover, the rapid growth of the agricultural sector due to more usage of technologically innovative equipment into agricultural practices will be driving the market growth. on the contrary, high initial installation cost, fluctuations in weather conditions and range issues will be hampering the growth of the market. however, with the increasing demand for food, there is constant pressure in increasing agricultural productivity and maintaining good crop health will be creating a significant opportunity for market growth. segmental outlook the global agriculture drone market is segmented based on type, and application. based on type, the market is segmented into fixed-wing, multi rotor, and hybrid uavs. moreover, based on application, the market is classified into spraying, field mapping, crop scouting and others. among application, field mapping is estimated to have a significant share in the market as its importance is increasing enabling one to monitor land and manage future activities at the same time. moreover, the development of field mapping farming is attributed to the escalating spread of the iot and the widespread adoption of remote sensing technology, vrt, and guidance technology by farmers across the globe. the mapping field has various advantages including yield data analysis that enables crop visualizing, crop variability, and also get data on which chemicals are affecting the yield. further, gives moisture content and once the moisture level is known it enables to decide which area to add or to lessen water input. further, rising food demand, changing climate, widespread adoption of smart technologies in the global agriculture sector, and increased government initiatives to improve farmer efficiency through new technologies are some of the major factors driving the growth of field mapping farming. however, the high cost of modern agricultural equipment, and lack of technical knowledge and skills, act as segment restraints. regional outlooks the global agriculture drone market is further segmented based on geography including north america, europe, asia-pacific, and the rest of the world. north america is projected to have the largest market share during the forecast period, attributing to factors such as increasing automation in the agricultural field, increasing adoption of the uavs from mowing to ploughing enhanced productivity, growing number of service providers in the region. moreover, growing awareness for precision agriculture for field mapping and crop scouting is influencing farmers to implement uavs in farming that further driving the growth of the market in the region. asia-pacific is projected to be the fastest-growing region in the agriculture drone market. the growth is attributed to increasing investment in r&d to rise in the adoption of agriculture drone. further, growing manufacturers of uavs in the region, along with the increase in venture funding also drive the growth of the market. many agricultural countries such as india, china indonesia will be boosting the demand for agriculture uav which in turn increase the market share in the following region. key topics covered: 1. report summary 2. market overview and insights 3. competitive landscape 4. market determinants 5. market segmentation 6. regional analysis 7. company profiles companies mentioned 3d robotics inc. aerovironment, inc. ageagle aerial systems inc. american robotics, inc. avular bv drone ag green aero technology inc. ideaforge technology pvt. ltd. parrot drones sas precisionhawk inc. pigeon innovative solutions llp skyx slantrange, inc. sz dji technology co., ltd. top flight technologies trimble inc. xag co., ltd. yamaha motor corp. for more information about this report visit https://www.researchandmarkets.com/r/aesvlq
