Press release
Agricultural Drone Industry is Expected to Reach $ 14,290.2 Million by 2031 - XAG Co., Ltd., DJI, 3D Robotics, Ageagle LLC
The global agricultural drone market reached USD 2,424.1 million in 2023 and is projected to witness lucrative growth by reaching up to USD 14,290.2 million by 2031. The market is expected to exhibit a CAGR of 25.1 % during the forecast period (2024-2031).
The agricultural drone market is expected to experience significant growth in the coming years, driven by increased venture capital investments in drone technology for farming. Drones are utilized in agriculture for aerial surveys, crop spraying, irrigation management, and crop monitoring. These drones help farmers monitor crop health and enhance productivity using advanced sensors and imaging technology.
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Key Developments:
• On April 27, 2022, Trimble Inc. partnered with HORSCH, a leading manufacturer of agricultural technology, to develop autonomous farming machines and workflows.
• On November 23, 2022, DJI launched the Mavic 3 Multispectral, featuring a multispectral imaging system to enhance precision agriculture by capturing detailed crop growth data.
• Additionally, on October 21, 2021, Aeronavics, a Hamilton-based industrial aerial robotics company, expanded its operations to Washdyke, aiming to grow its agricultural drone business globally.
Market Trends:
The integration of advanced tools like data analytics with drones is enhancing agricultural productivity by optimizing fertilizer, water, and pesticide use. This technology helps lower food production costs while significantly improving efficiency. The growing focus on boosting agricultural output is anticipated to drive market growth in the coming years. As a result, more innovative and cost-effective drones are expected to emerge. Manufacturers like DJI and Parrot are expanding their product lines with hardware, software, and hybrid solutions tailored to meet industry-specific needs.
Segment Covered in the Agricultural Drone Market:
By Drone Type: Single rotor drone, Multi-rotor drone, Fixed wing drone, Others.
By Component: Cameras, Batteries, Navigation Systems, Others.
By Application: Mapping/Surveying, Crop Spraying, Irrigation Management, Crop Monitoring, Others.
Major Key Players:
• XAG Co., Ltd
• DJI
• 3D Robotics
• Ageagle LLC
• Agribotix LLC
• Honeycomb Corporation
• Yamaha Motor Co. Ltd
• Trimble Navigation Limited
• HUVRData LLC
• Precision Drones
*Note:
Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Related Reports:
Yield Monitoring Market: https://www.datamintelligence.com/research-report/yield-monitoring-market
Agricultural Machinery Market: https://www.datamintelligence.com/research-report/agricultural-machinery-market
Compact Tractor Market: https://www.datamintelligence.com/research-report/compact-tractor-market
Affiliate Marketing Request here: https://www.datamintelligence.com/affiliate-marketing
Get Customization in the report as per your requierments: https://www.datamintelligence.com/customize/agricultural-drone-market
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
The agricultural drone market is expected to experience significant growth in the coming years, driven by increased venture capital investments in drone technology for farming. Drones are utilized in agriculture for aerial surveys, crop spraying, irrigation management, and crop monitoring. These drones help farmers monitor crop health and enhance productivity using advanced sensors and imaging technology.
Get a Free Sample Research PDF: https://www.datamintelligence.com/download-sample/agricultural-drone-market
Key Developments:
• On April 27, 2022, Trimble Inc. partnered with HORSCH, a leading manufacturer of agricultural technology, to develop autonomous farming machines and workflows.
• On November 23, 2022, DJI launched the Mavic 3 Multispectral, featuring a multispectral imaging system to enhance precision agriculture by capturing detailed crop growth data.
• Additionally, on October 21, 2021, Aeronavics, a Hamilton-based industrial aerial robotics company, expanded its operations to Washdyke, aiming to grow its agricultural drone business globally.
Market Trends:
The integration of advanced tools like data analytics with drones is enhancing agricultural productivity by optimizing fertilizer, water, and pesticide use. This technology helps lower food production costs while significantly improving efficiency. The growing focus on boosting agricultural output is anticipated to drive market growth in the coming years. As a result, more innovative and cost-effective drones are expected to emerge. Manufacturers like DJI and Parrot are expanding their product lines with hardware, software, and hybrid solutions tailored to meet industry-specific needs.
Segment Covered in the Agricultural Drone Market:
By Drone Type: Single rotor drone, Multi-rotor drone, Fixed wing drone, Others.
By Component: Cameras, Batteries, Navigation Systems, Others.
By Application: Mapping/Surveying, Crop Spraying, Irrigation Management, Crop Monitoring, Others.
Major Key Players:
• XAG Co., Ltd
• DJI
• 3D Robotics
• Ageagle LLC
• Agribotix LLC
• Honeycomb Corporation
• Yamaha Motor Co. Ltd
• Trimble Navigation Limited
• HUVRData LLC
• Precision Drones
*Note:
Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Related Reports:
Yield Monitoring Market: https://www.datamintelligence.com/research-report/yield-monitoring-market
Agricultural Machinery Market: https://www.datamintelligence.com/research-report/agricultural-machinery-market
Compact Tractor Market: https://www.datamintelligence.com/research-report/compact-tractor-market
Affiliate Marketing Request here: https://www.datamintelligence.com/affiliate-marketing
Get Customization in the report as per your requierments: https://www.datamintelligence.com/customize/agricultural-drone-market
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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