New York, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Agriculture Drones Industry" - https://www.reportlinker.com/p05797804/?utm_source=GNW
8 Billion in the year 2020, is projected to reach a revised size of US$15.2 Billion by 2027, growing at a CAGR of 27.2% over the period 2020-2027.Hardware, one of the segments analyzed in the report, is projected to grow at a 26.2% CAGR to reach US$10.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 30.3% CAGR for the next 7-year period. This segment currently accounts for a 24.4% share of the global Agriculture Drones market.
The U.S. Accounts for Over 30% of Global Market Size in 2020, While China is Forecast to Grow at a 26.6% CAGR for the Period of 2020-2027
The Agriculture Drones market in the U.S. is estimated at US$841.9 Million in the year 2020. The country currently accounts for a 29.97% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.6 Billion in the year 2027 trailing a CAGR of 26.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.6% and 23.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.1% CAGR while Rest of European market (as defined in the study) will reach US$2.6 Billion by the year 2027.
Select Competitors (Total 44 Featured)
- AeroVironment, Inc.
- AgEagle Aerial Systems Incorporated
- Delair Technologies Inc.
- DroneDeploy
- Parrot SA
- PrecisionHawk
- SZ DJI Technology Co., Ltd.
- Trimble Navigation
Read the full report: https://www.reportlinker.com/p05797804/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Need to Increase Agriculture Production Amid Food Security
Concerns Drives Focus on Farm Automation
EXHIBIT 1: Agriculture as a Percentage of GDP by Region (2018)
EXHIBIT 2: Global Population (in 000s) by Region for the Years
2018, 2025, 2035 & 2045
Climate Change and its Negative Impact On Agriculture Increases
Reliance On Advanced Farming Systems & Technologies to Sustain
Crop Production: Average Global Surface Temperature (In
Degrees Fahrenheit) For The Years 1940, 2000 And 2020
Agriculture Industry Embraces Drones to Intensify Production
Drones Emerge to Revolutionize Farming in the 21st Century
Outlook
US Occupies Major Revenue Share
Recent Market Activity
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
AeroVironment, Inc. (USA)
AgEagle Aerial Systems Incorporated
Delair Technologies Inc.
DroneDeploy (USA)
Parrot SA (France)
senseFly Ltd. (Switzerland)
PrecisionHawk (USA)
SZ DJI Technology Co., Ltd. (China)
Trimble Navigation (USA)
3. MARKET TRENDS & DRIVERS
Growing Focus on Precision Agriculture Spurs Demand for Drones
Shrinking Arable Land and the Need to Improve Agricultural
Efficiency and Yield Raises Significance of Drones
World Arable Land: 1961-2050
Continuing Advances Enable Agricultural Drones to Undergo Major
Refinements
AI Presents Perfect Match for Drones to Enable High-Performance
Agricultural Drones
Companies Gear Up to Tap Agricultural Drone Demand for Field
Mapping Application
Agricultural Drones Powered by Multispectral Imaging Transform
Farming Practices
Rise in Popularity of Multi-Rotor Drones
Software Enhancements to Drive Growth
Incorporation of Advanced Sensors Makes Agricultural Drones
More Efficient
Rise in Use of Drones for Spraying Pesticides Revolutionizes
Agricultural Sector
Rise in Significance of Drones in Controlling Invasive Plants
Drones Find Use in Dispensing Beneficial Pest-Eating Insects
Drone Swarms Technology for Spraying of Large Areas
Developing Economies Exhibit High Interest in Using Drones for
Agricultural Spraying Purposes
Legislative Policies Continue to Present Challenges for Drone
Use in Spraying Applications
High Cost of Drones & Shortage of Trained Pilots Remain Major
Issue
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Agriculture Drones
by Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 2: World 7-Year Perspective for Agriculture Drones by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2020 & 2027
Table 3: World Current & Future Analysis for Hardware by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 4: World 7-Year Perspective for Hardware by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
Table 5: World Current & Future Analysis for Software by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 6: World 7-Year Perspective for Software by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
Table 7: World Current & Future Analysis for Crop Spraying by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 8: World 7-Year Perspective for Crop Spraying by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
Table 9: World Current & Future Analysis for Field Mapping by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 10: World 7-Year Perspective for Field Mapping by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
Table 11: World Current & Future Analysis for Crop Scouting by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 12: World 7-Year Perspective for Crop Scouting by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
Table 13: World Current & Future Analysis for Livestock by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 14: World 7-Year Perspective for Livestock by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
Table 15: World Current & Future Analysis for Variable Rate
Application by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR
Table 16: World 7-Year Perspective for Variable Rate
Application by Geographic Region - Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World for Years 2020 & 2027
Table 17: World Current & Future Analysis for Other
Applications by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR
Table 18: World 7-Year Perspective for Other Applications by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
III. MARKET ANALYSIS
UNITED STATES
Agrictulture Drones Gain Significance Amid Worker Shortage Crisis
EXHIBIT 3: US Commercial Drones Market: Percentage Share
Breakdown by Application (2019)
US Commercial Drones Market: Percentage Share Breakdown by
Application (2019)
Table 19: USA Current & Future Analysis for Agriculture Drones
by Type - Hardware and Software - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR
Table 20: USA 7-Year Perspective for Agriculture Drones by Type -
Percentage Breakdown of Value Sales for Hardware and Software
for the Years 2020 & 2027
Table 21: USA Current & Future Analysis for Agriculture Drones
by Application - Crop Spraying, Field Mapping, Crop Scouting,
Livestock, Variable Rate Application and Other Applications -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 22: USA 7-Year Perspective for Agriculture Drones by
Application - Percentage Breakdown of Value Sales for Crop
Spraying, Field Mapping, Crop Scouting, Livestock, Variable
Rate Application and Other Applications for the Years 2020 &
2027
CANADA
Table 23: Canada Current & Future Analysis for Agriculture
Drones by Type - Hardware and Software - Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR
Table 24: Canada 7-Year Perspective for Agriculture Drones by
Type - Percentage Breakdown of Value Sales for Hardware and
Software for the Years 2020 & 2027
Table 25: Canada Current & Future Analysis for Agriculture
Drones by Application - Crop Spraying, Field Mapping, Crop
Scouting, Livestock, Variable Rate Application and Other
Applications - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR
Table 26: Canada 7-Year Perspective for Agriculture Drones by
Application - Percentage Breakdown of Value Sales for Crop
Spraying, Field Mapping, Crop Scouting, Livestock, Variable
Rate Application and Other Applications for the Years 2020 &
2027
JAPAN
Drones to Come to Aid to Address Ageing Farmer Population
Table 27: Japan Current & Future Analysis for Agriculture
Drones by Type - Hardware and Software - Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR
Table 28: Japan 7-Year Perspective for Agriculture Drones by
Type - Percentage Breakdown of Value Sales for Hardware and
Software for the Years 2020 & 2027
Table 29: Japan Current & Future Analysis for Agriculture
Drones by Application - Crop Spraying, Field Mapping, Crop
Scouting, Livestock, Variable Rate Application and Other
Applications - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR
Table 30: Japan 7-Year Perspective for Agriculture Drones by
Application - Percentage Breakdown of Value Sales for Crop
Spraying, Field Mapping, Crop Scouting, Livestock, Variable
Rate Application and Other Applications for the Years 2020 &
2027
CHINA
Rise in Agriculture Drones to Grow Amid Coronavirus Outbreak
Competition in Chinese Drones Market
Market Share of Leading Player in the Chinese Agricultural
Drones Market: 2019
Table 31: China Current & Future Analysis for Agriculture
Drones by Type - Hardware and Software - Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR
Table 32: China 7-Year Perspective for Agriculture Drones by
Type - Percentage Breakdown of Value Sales for Hardware and
Software for the Years 2020 & 2027
Table 33: China Current & Future Analysis for Agriculture
Drones by Application - Crop Spraying, Field Mapping, Crop
Scouting, Livestock, Variable Rate Application and Other
Applications - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR
Table 34: China 7-Year Perspective for Agriculture Drones by
Application - Percentage Breakdown of Value Sales for Crop
Spraying, Field Mapping, Crop Scouting, Livestock, Variable
Rate Application and Other Applications for the Years 2020 &
2027
EUROPE
Table 35: Europe Current & Future Analysis for Agriculture
Drones by Geographic Region - France, Germany, Italy, UK and
Rest of Europe Markets - Independent Analysis of Annual Sales
in US$ Million for Years 2020 through 2027 and % CAGR
Table 36: Europe 7-Year Perspective for Agriculture Drones by
Geographic Region - Percentage Breakdown of Value Sales for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2020 & 2027
Table 37: Europe Current & Future Analysis for Agriculture
Drones by Type - Hardware and Software - Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR
Table 38: Europe 7-Year Perspective for Agriculture Drones by
Type - Percentage Breakdown of Value Sales for Hardware and
Software for the Years 2020 & 2027
Table 39: Europe Current & Future Analysis for Agriculture
Drones by Application - Crop Spraying, Field Mapping, Crop
Scouting, Livestock, Variable Rate Application and Other
Applications - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR
Table 40: Europe 7-Year Perspective for Agriculture Drones by
Application - Percentage Breakdown of Value Sales for Crop
Spraying, Field Mapping, Crop Scouting, Livestock, Variable
Rate Application and Other Applications for the Years 2020 &
2027
FRANCE
Table 41: France Current & Future Analysis for Agriculture
Drones by Type - Hardware and Software - Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR
Table 42: France 7-Year Perspective for Agriculture Drones by
Type - Percentage Breakdown of Value Sales for Hardware and
Software for the Years 2020 & 2027
Table 43: France Current & Future Analysis for Agriculture
Drones by Application - Crop Spraying, Field Mapping, Crop
Scouting, Livestock, Variable Rate Application and Other
Applications - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR
Table 44: France 7-Year Perspective for Agriculture Drones by
Application - Percentage Breakdown of Value Sales for Crop
Spraying, Field Mapping, Crop Scouting, Livestock, Variable
Rate Application and Other Applications for the Years 2020 &
2027
GERMANY
Table 45: Germany Current & Future Analysis for Agriculture
Drones by Type - Hardware and Software - Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR
Table 46: Germany 7-Year Perspective for Agriculture Drones by
Type - Percentage Breakdown of Value Sales for Hardware and
Software for the Years 2020 & 2027
Table 47: Germany Current & Future Analysis for Agriculture
Drones by Application - Crop Spraying, Field Mapping, Crop
Scouting, Livestock, Variable Rate Application and Other
Applications - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR
Table 48: Germany 7-Year Perspective for Agriculture Drones by
Application - Percentage Breakdown of Value Sales for Crop
Spraying, Field Mapping, Crop Scouting, Livestock, Variable
Rate Application and Other Applications for the Years 2020 &
2027
ITALY
Table 49: Italy Current & Future Analysis for Agriculture
Drones by Type - Hardware and Software - Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR
Table 50: Italy 7-Year Perspective for Agriculture Drones by
Type - Percentage Breakdown of Value Sales for Hardware and
Software for the Years 2020 & 2027
Table 51: Italy Current & Future Analysis for Agriculture
Drones by Application - Crop Spraying, Field Mapping, Crop
Scouting, Livestock, Variable Rate Application and Other
Applications - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR
Table 52: Italy 7-Year Perspective for Agriculture Drones by
Application - Percentage Breakdown of Value Sales for Crop
Spraying, Field Mapping, Crop Scouting, Livestock, Variable
Rate Application and Other Applications for the Years 2020 &
2027
UNITED KINGDOM
Labor Shortage to Drive Emphasis on Drones
Table 53: UK Current & Future Analysis for Agriculture Drones
by Type - Hardware and Software - Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR
Table 54: UK 7-Year Perspective for Agriculture Drones by Type -
Percentage Breakdown of Value Sales for Hardware and Software
for the Years 2020 & 2027
Table 55: UK Current & Future Analysis for Agriculture Drones
by Application - Crop Spraying, Field Mapping, Crop Scouting,
Livestock, Variable Rate Application and Other Applications -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 56: UK 7-Year Perspective for Agriculture Drones by
Application - Percentage Breakdown of Value Sales for Crop
Spraying, Field Mapping, Crop Scouting, Livestock, Variable
Rate Application and Other Applications for the Years 2020 &
2027
REST OF EUROPE
Table 57: Rest of Europe Current & Future Analysis for
Agriculture Drones by Type - Hardware and Software -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 58: Rest of Europe 7-Year Perspective for Agriculture
Drones by Type - Percentage Breakdown of Value Sales for
Hardware and Software for the Years 2020 & 2027
Table 59: Rest of Europe Current & Future Analysis for
Agriculture Drones by Application - Crop Spraying, Field
Mapping, Crop Scouting, Livestock, Variable Rate Application
and Other Applications - Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR
Table 60: Rest of Europe 7-Year Perspective for Agriculture
Drones by Application - Percentage Breakdown of Value Sales for
Crop Spraying, Field Mapping, Crop Scouting, Livestock,
Variable Rate Application and Other Applications for the Years
2020 & 2027
ASIA-PACIFIC
INDIA: Rise in Adoption of Drones in Agriculture
Table 61: Asia-Pacific Current & Future Analysis for
Agriculture Drones by Type - Hardware and Software -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 62: Asia-Pacific 7-Year Perspective for Agriculture
Drones by Type - Percentage Breakdown of Value Sales for
Hardware and Software for the Years 2020 & 2027
Table 63: Asia-Pacific Current & Future Analysis for
Agriculture Drones by Application - Crop Spraying, Field
Mapping, Crop Scouting, Livestock, Variable Rate Application
and Other Applications - Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR
Table 64: Asia-Pacific 7-Year Perspective for Agriculture
Drones by Application - Percentage Breakdown of Value Sales for
Crop Spraying, Field Mapping, Crop Scouting, Livestock,
Variable Rate Application and Other Applications for the Years
2020 & 2027
REST OF WORLD
Table 65: Rest of World Current & Future Analysis for
Agriculture Drones by Type - Hardware and Software -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 66: Rest of World 7-Year Perspective for Agriculture
Drones by Type - Percentage Breakdown of Value Sales for
Hardware and Software for the Years 2020 & 2027
Table 67: Rest of World Current & Future Analysis for
Agriculture Drones by Application - Crop Spraying, Field
Mapping, Crop Scouting, Livestock, Variable Rate Application
and Other Applications - Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR
Table 68: Rest of World 7-Year Perspective for Agriculture
Drones by Application - Percentage Breakdown of Value Sales for
Crop Spraying, Field Mapping, Crop Scouting, Livestock,
Variable Rate Application and Other Applications for the Years
2020 & 2027
IV. COMPETITION
Total Companies Profiled: 44
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