Global Agriculture Drone Market Poised to Gain Tremendous CAGR of 21.3% during Forecast 2018-2026

Published on : Mar 23, 2018

Albany, New York, March 23, 2018: Drones are one of the latest things being talked about. Countries around the globe are increasingly using drones for spraying crop, pesticides on the farming filed. The agriculture use of drones has recently gained traction due to the tremendous growth in population leading towards the growing demand for food. To elaborate further on this market, a fresh report titled “Agriculture Drone Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has been broadcasted to the wide database of Market Research Hub (MRH). This extensive research study deeply analyzes and forecasts the market for stucco at the global and regional level. Moreover, the report also throws light on all the major trends and technologies playing an influential role in the agriculture drone market’s growth over the forecast period.

As per the study key findings, the global agriculture drone market revenue stood at US$ 293.6 Mn in 2016 and is anticipated to expand at a CAGR of 21.3% during the forecast period from 2018 to 2026. In the present scenario, drones are available in different sizes and shapes and are still in the process of development. Manufacturers of agriculture drones are incessantly innovating agri-drones in terms of the functionality to stay ahead of the rising competition.

Geographically, the report has segmented the agriculture drone market into North America, Middle East & Africa (MEA), Europe, Asia Pacific, and South America; the regions are examined in terms of revenue and volume generation along with the CAGR for the period from 2018 to 2026. It has been analyzed in the study that demand for drone technology is expected to increase in the coming years as countries across the globe become increasingly aware of the technology and are ready to adopt UAVs in farms for a number of applications.

Some of the prime findings from the study include:

•    Factors leading to the growth of agriculture drones market are growing awareness about precision farming, need to enhance the yield and demand for food.

•    North America dominated the agriculture drone market in 2016 and is expected to remain the dominant regional market over the report’s forecast period as well.

•    The market has been analyzed on the basis of type, and application. The type segment has further been categorized into fixed-wing, multi-rotor and hybrid drone. On the basis of application, the market has been divided as crop scouting, spraying, field mapping and others. Spraying is one of the dominated application globally.

This research also offers detailed analysis on the product and business strategy of the leading players in the market. They are Ag Eagle Aerial Systems, Agribotix LLC, Delair Technologies Inc., DJI Innovate, Aerovironment Inc., Honeycomb Corporation, Precision Hawk, Drone AG, Parrot SA, Yamaha Corporation, Sentera LLC. Ideaforge India Private Ltd.

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