Agriculture Drone Market Trends, Forecast, and Growth 2031

The Agriculture Drone Market size is projected to reach US$ 7.56 billion by 2031 from US$ 1.04 billion in 2023. The market is expected to register a CAGR of 28.1% in 2023–2031. The rising demand for advanced technologies to cater growing need for modern agriculture farms is anticipated to drive the demand for agriculture drones globally. Agriculture drones are designed to fast-track farming operational efficiency and optimize crop production. The growing proliferation of smart technologies for managing large farms and lands in remote locations is acting as a major driver for the market.

Agriculture Drone Market Analysis

Agriculture drones are primarily spray drones equipped with unmanned aerial vehicles specifically designed to augment farming operational efficiency by monitoring crop growth and crop production. Additionally, digital imaging potentials along with drone sensors are anticipated to provide farmers a potential information on their lands. Moreover, abrupt climate changes also offer challenges for the agriculture sector, which fuels the requirement for smart solutions like agriculture drones to enhance firm productivity and crop yield. Furthermore, aerial images offered by drone farming can disclose numerous concerns like irrigation problems, soil variation, and fungal infestations and act as a set of guidelines used in agriculture to investigate crops to promptly identify complications.

Agriculture Drone Market Overview

The growing demand for food products is having a direct impact on the agriculture market. Increasing food demand with the rising population is anticipated to boost the application of smart technologies in the farming sector. Smart technologies, such as the digitalization of farming equipment and the utilization of smart drones, for monitoring the land with more precision and efficiency. The agriculture drone market is segmented by component, type, farming location, type of produce, farm size, and application. Based on component, the market is classified into hardware and software. On the basis of farming location, the market is categorized into fixed wing and rotary wing. In terms of farming location, the agriculture drone market is categorized into indoor and outdoor. On the basis of type of produce, the market is segmented into field crops, fruit & vegetable, dairy & livestock, and others. In terms of farm size, the market is categorized into small & medium crops and large crops. Based on application, the market is categorized into precision farming, livestock monitoring, smart greenhouse, and others.

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Agriculture Drone Market: Strategic Insights

Agriculture Drone Market

• 
  CAGR (2023 - 2031)

  28.1%
• Market Size 2023
  US$ 1.04 Billion
• Market Size 2031
  US$ 7.56 Billion

Market Dynamics

GROWTH DRIVERS

• Technological Advancement in the Agriculture Industry is Expected to be the Prime Driver for the Agriculture Drone Market

FUTURE TRENDS

• Growing Importance of Smart Greenhouse

OPPORTUNITIES

• Supportive Government Policies Related to Drone Application

Key Players

• AeroVironment, Inc.
• AgEagle Aerial Systems Inc
• DJI
• DroneDeploy
• PRECISIONHAWK INC
• Third Element Aviation GmbH
• Sentera
• Yamaha Motor Corporation U.S.A.
• Trimble Inc.
• Parrot Drone SAS

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component

• Hardware and Software

Type

• Fixed Wing and Rotary Wing

Farming Location

• Indoor and Outdoor

Type of Produce

• Field Crops
• Fruit & Vegetable
• Dairy & Livestock
• Others

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Agriculture Drone Market Drivers and Opportunities

Technological Advancement in the Agriculture Industry is Expected to be the Prime Driver for the Agriculture Drone Market

The growing proliferation of digitalization and integration of software applications to monitor the overall operational efficiency of farming land is anticipated to drive the growth of the agriculture drone market globally. The real-time data and aerial images of the complete farm help the farmers identify the issues concerning the land’s well-being, which might negatively impact the crop production rate. Additionally, managing mid to large-size agricultural lands in remote locations is unmanageable if agriculture drones are not in application, as they help in spraying insecticides over the land in a much faster and more efficient manner. The agriculture drones also boost precision farming by managing a proper schedule for watering, harvesting, and fertilizing the land properly. Thus, the utilization of advanced technologies like farm monitoring software, crop managing technologies, and digital aerial imaging technologies is acting as a major driving factor for the market.

Supportive Government Policies Related to Drone Application

The growing government focus on precision farming owing to its requirement to meet the growing demand for food products worldwide is anticipated to support the growth of the agriculture drone market. Supportive government policies for flying drones are also estimated to drive the expansion of the agriculture drone market over the forecast period. For instance, in 2022, the US Federal Government and Administration approved US$750,000 to advance the Warren drone training program that supports modern-age farmers in precision farming technologies. Thus, the rising governmental support and assistance for using advanced drones for agriculture is anticipated to increase the growth of the agriculture drone market over the forecast period.

Agriculture Drone Market Report Segmentation Analysis

Key segments that contributed to the derivation of the agriculture drone market analysis are component, type, farming location, type of produce, farm size, and application.

• Based on components, the agriculture drone market has been divided into hardware and software. The hardware segment held a larger market share in 2023.
• In terms of type, the market has been segmented into fixed wing and rotary wing. The fixed wing segments dominated the market in 2023.
• In terms of farming location, the market has been segmented into indoor and outdoor. The outdoor segments dominated the market in 2023.
• In terms of type of produce, the market has been segmented into field crops, fruit & vegetable, dairy & livestock, and others. The field crops segments dominated the market in 2023.
• In terms of type of farm size, the market has been segmented into small & medium crops and large crops. The large crop segments dominated the market in 2023.
• In terms of application, the market has been segmented into precision farming, livestock monitoring, smart greenhouses, and others. The precision farming segments dominated the market in 2023.

Agriculture Drone Market Share Analysis by Geography

The geographic scope of the Agriculture Drone Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America led the agriculture drone market in 2023. The North America region includes the US, Canada, and Mexico. The growing government investment in advancing the agriculture sector is acting as a major driver for the market. The rising technological advancement in terms of the integration of smart farming technologies and advanced procedures of precision farming is steering the growth of the agriculture drone market in North America. Supportive government policies and mandates towards the implementation of drones for modern farming requirements are also boosting the application of the agriculture drone market in North America.

Agriculture Drone Market Report Scope

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Agriculture Drone Market News and Recent Developments

The Agriculture Drone Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Agriculture Drone Market and strategies:

• On March 2024, AgEagle declared a deal of 50 RedEdge-P Multispectral Sensors to the Greek Ministry of Agriculture. (Source: AgEagle, Press Release/Company Website/Newsletter)

Agriculture Drone Market Report Coverage and Deliverables

The “Agriculture Drone Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles with SWOT analysis