Agricultural drones market to be worth of $3.69 Bn by 2022: Report

Agricultural drones market to be worth of $3.69 Bn by 2022: Report

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India: According to lead author of the "Agricultural Drones Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022" study, "Transparency is one of the benefits of IoT that drones bring to digital farming.  The benefits of digital farming are higher productivity and more efficient use of land, water and fertilizer. Transparency in farming is being asked for by consumers.

Consumers want to know where their food came from, how much water and chemicals were used, and when and how the food was harvested.   They want to know about consistent refrigeration during transport." Agricultural drone technology has reached a level of maturity that has put these systems at the forefront of farming modernization.

Farmers around the entire world are adapting to drone availability, using aerial cameras to visualize plants.  Use cases are evolving rapidly.   Video, specialized video, targeted video, and agricultural spraying systems are offered. Agricultural Drones Use Technology for Spraying, Mapping, Pest Control, Seeding, Remote Sensing, and Precision Agriculture. Agricultural technology uses drones to leverage a data-driven future.

Inexpensive sensors, cloud computing and intelligent software used in a drone system hold the potential to transform agriculture and help feed the world's growing population. Venture investment in agricultural drones has been strong.  Investment of venture capital in agricultural technology start-ups reached $2.06 billion in the first half of 2015, 4.25 billion in 2015 doubling the amount of capital invested in this area in 2014.

Source: PRN