US: A new market research report published by Zion Market Research states that the global agriculture drone market is expected to reach approximately USD 2,978.69 million by 2021, growing at a CAGR of slightly above 28.11% between 2016 and 2021.
According to the report, an increasing technological advancements in equipment and need for enhancing the quality of the farming techniques have led increased implementation of agriculture drones are expected to drive the industry growth over the forecast period.
It also added that a favorable shift in the regulatory policy is also expected to allow start-ups to operate in small and large farming operations and aid in disease & water management.
Drones have the potential to implement better plantation with crop rotation strategies and give crucial inputs related to the daily progress of crops which is further contributing to the market growth.
Further, innovations in the GPS mapping field coupled with the advancements of solar power drone in agriculture sector is further fuelling the demand for agricultural drones.
Nonetheless, companies operating in drone software designing and manufacturing systems are collecting the data and incorporating them into drone which is further expected to surging the demand for agricultural drones.
The data gathered from drones help the farmers to improve yields by monitoring fertilizer, or chemical supply water, and also able to map their fields, check for signs of disease, monitor crop health, and save time in the process. However, lack of trained pilots for operating the drones may impact the market growth.
Agriculture drone market is segmented by type, component, application and region. In term of type, agriculture drone market classified into the Fixed wing, Rotary blade, Hybrid, Data management, Imaging software, Data analysis Others.