Global Agricultural Drones Market Fueled by High Venture Investments

Published on : Apr 12, 2016

Albany, New York, April 12, 2016: announces the addition of a new report, titled “Agricultural Drones: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022,” which states that the global market for agricultural drones is anticipated to witness exceptional growth in the coming years. The report indicates that this market is likely to rise from a value of US$494 mn at the start of the forecast period to US$3.6 bn by 2022.

The increasing use of cameras on stable flying platforms to aid precision farming is a key factor driving the agricultural drones market. Crop visualization allows farmers increased control and also enables them to isolate areas for spraying. Agricultural drones use cloud computing, inexpensive sensors, and intelligent software for a number of agricultural applications such as mapping, spraying, seeding, pest control, precision agriculture, and remote sensing. Thanks to the rapid advancement in technology and the increasing automation of farming techniques, agricultural drones have the potential to transform the agricultural industry and help feed the ever-growing global population.

High venture investment is another factor boosting the agricultural drones market. The investment of venture capital in agricultural technology start-ups amounted to over US$2.0 bn by the first half of last year. The total capital invested in this field in 2015 was double the amount invested in 2014.

After the industrialization of agriculture, digitization has been the next revolutionizing movement that the agriculture sector has undergone. Digital electronics brings about a tremendous change to the traditionally manual process of farming. With the advent of the Internet of Things, agricultural drones can be equipped with sensors that supplement images of the land from above. This allows farmers to communicate easily and use analytics to fully comprehend the changes in vegetation. Agricultural drones also allow the exploitation of data gathered from several sources such as satellite images, sensors on plants and farm equipment, and weather trackers. The optimum use of fertilizer and water is also ensured, with growth monitored on a plant-by-plant basis.

The research report identifies the leading players competing in the global agricultural drones market and reviews them based on their performance in the past. The various trends impacting their contribution toward the overall agricultural drones market have also been assessed in the report. The companies that feature in the agricultural drones market study include AgEagle, China Aerospace CASC Space Technology, Raven Industries, TEKEVER, Airogisitic, Skycatch, Yahama, Aviation Industry Corporation of China (AVIC), HUVRData, LLC, Airware, FT Sistemas, Precision Drone, 3D Robotics, DJI, Deveron Resources Ltd., Honeycomb, Topcon Positioning Group, Parrot / Sensefly, Yuneec, and AeroVironment.

This 288-page research study, backed by 127 tables and figures, provides readers a comprehensive assessment of the global agricultural drones market and serves as an ideal tool for formulating strategic business decisions.

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