The global agriculture drone market size is projected to reach USD 3,697.4 million by 2027, exhibiting a CAGR of 18.14% during the forecast period. The emergence of startups specializing in developing unmanned aerial vehicles (UAVs) for agriculture will significantly enhance the potential of the market. Fortune Business Insights™ shares this observation in its report, titled “Agriculture Drone Market Size, Share & Industry Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid), By Components (Hardware [Frames, Control Systems, Propulsion System, Navigation System, Payload, Avionics, Others] and Software [Imaging Software, Data Management Software, Data Analytics Software, Others]), By Application (Field Mapping & Monitoring, Crop Spraying, Crop Scouting, Variable Rate Application, Livestock Monitoring, Others), and Regional Forecast, 2020-2027”. The report states that the global market value stood at USD 1,021.1 million in 2019.

Market Driver

Skyrocketing Demand for Food Worldwide to Propel the Market

The most critical factor driving the agriculture drone market growth is the expected levels of demand for food and grains worldwide in the next few decades. According to the UN, by 2050, the world population will reach 9.1 billion, with sub-Saharan Africa’s population projected to grow the fastest. To meet the food requirements of this surging number of people, the Food and Agriculture Organization (FAO) estimates that the overall food production will need to rise by 70% and production in developing countries will need to double from the current levels. Agriculture drones will play a central role in supporting the efforts of governments in elevating their farm yields. These UAVs offer wide-ranging and decisive advantages to farmers, who can make enormous gains from these machines. For example, drones equipped with smart sensors can enable farmers to collect accurate information on soil conditions. Drones can also spray crops with insecticides and pesticides, thus minimizing farmers’ contact with these harmful chemicals.

List of Key Players Covered in the Agriculture Drone Market Report:

Delair Tech SAS (France)
Parrot Drone (France)
3D Robotics (the US)
AeroVironment Inc. (the US)
GoPro (the US)
Drone Deploy (the US)
Sintera LLC (the US)
Ag Eagle (the US)
Trimble Navigation Ltd. (the US)
Precision Hawk (the US)
DJI (China)
Browse Source-

https://www.fortunebusinessinsights.com/agriculture-drones-market-102589