Latest News- Agricultural Drones Market: Hardware is expected to lead the Component segment during 2025-2029

The Agricultural Drones Market is being driven by Rise in funding for UAV manufacturers

The Agricultural Drones Market is expected to grow at a CAGR of 33% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14240.9 million. Major players in the global agricultural drones market are enhancing their market position by introducing innovative products. In November 2023, DJI, a prominent agricultural drone manufacturer, unveiled the T60 drone, featuring a first-of-its-kind virtual pan-tilt-zoom capability. Applicable for farmland spraying and aerial seeding, this drone represents DJI's commitment to advancing agricultural technology. In December 2023, XAG Co Ltd, a leading Chinese agricultural drone manufacturer, introduced the P150 and P60 drones. The P150 boasts a maximum payload of 70 kilograms and a spraying flow rate of 30 liters per minute, enabling it to perform spraying, sowing, transportation, and aerial surveying functions. Both companies are leveraging technology to cater to the evolving needs of the agricultural sector. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Hardware
  • Software
  • Services
• Product
  • Multi-rotor
  • Fixed-wing
  • Hybrid
• Deployment
  • Outdoor
  • Indoor
• Application
  • Crop management
  • Field mapping
  • Crop spraying
  • Variable rate application
  • Livestock monitoring
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in funding for UAV manufacturers
• Growing popularity of precision agriculture
• Global rise in agricultural production

However, the market also witnesses some limitations, which are as follows:

• Concerns regarding use of agricultural drones
• Lack of trained pilots and implementation issues related to operating drones
• Restrictive laws and regulations governing UAV use

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Market Scope in Agricultural Drones Market Research Report

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Research Analysis Overview

The Agricultural Drones Market is experiencing significant growth due to the integration of drones in Precision Agriculture. These unmanned aerial vehicles offer Optimized Crop Yields through real-time Crop Monitoring, Spraying Fertilizers and Pesticides with Targeted Application, and Field Mapping. Environmental Benefits, Cost Savings, and Data Analytics are additional advantages. Drones come in various types like Fixed Wing and Rotary Wing, equipped with Flight Control Systems, Navigation Systems, Cameras, Sensors, Propulsion Systems, and Professional/Managed Services. Drone Training is essential for effective usage.

Market Research Overview

In the agricultural and farm machinery market, precision agriculture is a significant trend driving growth. Vendors are capitalizing on this trend by launching innovative agricultural drones, which optimize crop yields through data analysis and real-time monitoring. These drones offer cost savings by improving resource utilization and reducing labor requirements. As per Technavio's market analysis, the global agricultural and farm machinery market is expected to grow due to an increasing number of product launches in this sector. Companies are expanding their product portfolios to cater to the evolving needs of farmers, thereby fueling market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/