The Asia Pacific agricultural drone market size is expected to reach USD 0.76 billion in 2024 and reach USD 3.17 billion by 2029, growing at a CAGR of 33.14% from 2024 to 2029.
Agricultural drones use an automated process to make farming more productive, and they are about to be on the brink of becoming the new workhorses on farms. Drones provide better, more flexible visualization. With the focus on productivity in agriculture spiraling upward in the farming sector, drones could be the answer to improved automation and precise control of farm monitoring and operations.
Robots are beginning to transform the way the agriculture sector functions and the advent of agricultural drones could take that change to a whole new level. Farmers are adapting to drone availability, using aerial cameras to visualize plants. 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.
The market is primarily driven by the increasing adoption of drones for crop spraying applications, resulting in an increase in the yield and reducing the wastage in spraying fertilizers & pesticides. Also, farmers are increasingly implementing this technology in farming to gain better productivity and to increase the efficiency in the usage of water, land, and fertilizers. Moreover, technological advancements, including sensors, better materials, and imaging capabilities, are also expected to drive the agricultural sector. However, lack of awareness and a limited number of skilled professionals are restraining the growth of the market.
The hardware segment consists of fixed wing, rotary blade, and hybrid, whereas the software segment consists of data management, imaging software, and data analysis.
Hardware accounted for the majority of agricultural drone market share in 2016, owing to high-cost components such as a fixed wing, rotary blade and hybrid UAVs. Hybrid UAVs will witness growth in the forecast period since they can perform long distance tasks along with hovering the agricultural fields. Field mapping applications dominated the Asia Pacific agricultural drones market size. Benefits such as increasing yield by analyzing and monitoring the crops are expected to support the segment growth over the forecast timeline. Crop scouting is expected to witness significant growth owing to its accuracy of fertilizer spraying.
The Asia Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific is one of the most lucrative markets for the growth of the Agriculture drones market and is projected to grow the highest during the forecast period. Factors such as growing demographics and emerging economies in countries such as India and China are anticipated to lead the growth of the market in this region.
Some of the major key players in the market are Trimble Navigation Ltd., DJI Technology, 3D Robotics, PrecisionHawk, AeroVironment, Inc., Parrot SA, and DroneDeploy.
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