The global agriculture drone market is expected to reach USD 3,770.0 million by 2024. The increasing technological advancements in equipment and for enhancing the quality of the farming techniques have led to the increased implementation of agriculture drones in the market.
Increasing automation in the agriculture process, owing to the labor crisis, such as lack of skilled farmers, aging farmers, is also expected to positively impact the market growth. A favorable shift in the regulatory policy is also expected to allow start-ups to operate in small and large farming operations and aid in disease & water management.
Innovations in the GPS mapping field coupled with the advancements in precision agriculture are expected to propel the industry growth over the forecast period. Drones have the potential to implement better plantation with crop rotation strategies and give crucial inputs related to the daily progress of crops which is further contributing to the growth.
The scarcity of trained pilots for operating the drones may impact the market growth, although the market is expecting to overcome the scarcity, gradually, with the increasing applications of the drone.
The North America agriculture drones market is expected to remain the key revenue generating region with a prevalent share of the industry. The increasing adoption of the drones, in various applications including spraying, seeding, and livestock farming, has led to the enormous market share.
- Cypress Semiconductor
- Fujitsu Semiconductor Limited
- Infineon Technologies AG
- Microchip Technology, Inc.
- NXP Semiconductors
- Renesas Electronics Corporation
- ST Microelectronics
- TE Connectivity
- Texas Instruments, Inc.
- Yamaichi Electronics Co., Ltd.
- Zilog, Inc.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Market Snapshot
4. Industry Outlook
5. Agriculture Drone Product Outlook
6. Agriculture Drone Application Outlook
7. Agriculture Drone Regional Outlook
8. Competitive Landscape
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