Agriculture Drone Market to Reach $3.7 Billion by 2024 - Aided by a Favorable Shift in Regulatory Policies - Research and Markets
DUBLIN, Feb 28, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Agriculture drone Market Analysis By Product (Fixed Wing, Rotary Blade, Hybrid), By Application (Field mapping, Variable rate application, Crop Scouting) And Segment Forecasts Till 2024" report to their offering.
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 cucial inputs related to the daily progress of crops which is further contributing to the growth.
The companies operating in the industry are designing and manufacturing systems that are collecting the data and are incorporating them into business models. which is further anticipated to enhance the industry growth. The data gathered from drones help the farmers to improve yields; supply water, fertilizer, or chemical when needed, and are also able to map their fields, check for signs of disease, monitor crop health, and save time in the process.
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.
The Asia Pacific agriculture drone market is anticipated to witness a significant growth over the forecast period, owing to the increasing investments in R&D in the region.
- 3D Robotics Inc.
- AeroVironment, Inc.
- AgEagle Aerial Systems, Inc.
- Agribotix LLC
- SZ DJI Technology Co., Ltd
- Eagle UAV Services LLC
- Honeycomb Corporation
- Parrot SA
- PrecisionHawk Inc.
- Trimble Navigation
- Ursula Agriculture
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
For more information about this report visit http://www.researchandmarkets.com/research/4x9w4h/agriculture_drone
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/agriculture-drone-market-to-reach-37-billion-by-2024---aided-by-a-favorable-shift-in-regulatory-policies---research-and-markets-300415803.html
SOURCE Research and Markets
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