Agriculture Drone Market Analysis

1
Global Agriculture Drone Market Growth to be
Propelled by Increase in Food Demand, Steady
Growth in Population, Precision Agriculture, and
Technological Innovations by CAGR of 22 During
2022 2031 Kenneth Research published a report
titled Agriculture Drone Market Global Demand
Analysis Opportunity Outlook 2031 which
delivers a detailed overview of the global
agriculture drone market in terms of market
segmentation by offering, component,
application, and by region. Further, for the
in-depth analysis, the report encompasses the
industry growth indicators, restraints, supply
and demand risk, along with detailed discussion
on current and future market trends that are
associated with the growth of the market.
The global agriculture drone market is expected
to hold a revenue of USD 6 billion by 2031
growing from USD 1 billion in 2021. The market
growth can be attributed to the ever-increasing
food demand, the population growth that causes a
shortage in the food
2
supply, and the use of technological innovations
like data analytics, automation, artificial
intelligence (AI), and robotics. The global
agriculture drone market is expected to grow at a
CAGR of approximately 22 from 2022-2031. The
market is segmented by application into precision
agriculture, livestock monitoring, smart
greenhouse, irrigation, and precision
fish farming. Of these, the precision agriculture
segment is anticipated to hold the largest
market share by the end of 2031, owing to the
effective use of data analytics in farming, the
use of smartphones for big data collection, and
the incorporation of smart sensors and AI-based
solutions in agriculture. For more
descriptions_at_https//www.kennethresearch.com/repor
t-details/agriculture- drone-market/10325302 The
global agriculture drone market is divided into
five major regions, including North America,
Europe, Asia Pacific, Latin America, and Middle
East Africa. The market in North America is
projected to hold the largest market share by the
end of 2031, backed by large food demand, export
requirements, high inflation, and the increasing
use of commercial drones. The research is global
in nature and covers detailed analysis on the
market in North America (U.S., Canada), Europe
(U.K., Germany, France, Italy, Spain, Hungary,
Belgium, Netherlands Luxembourg, NORDIC
Finland, Sweden, Norway, Denmark, Poland,
Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin
America), Asia-Pacific (China, India, Japan,
South Korea, Indonesia, Singapore, Malaysia,
Australia, New Zealand, Rest of Asia-Pacific),
Middle East and Africa (Israel, GCC Saudi
Arabia, UAE, Bahrain, Kuwait, Qatar, Oman, North
Africa, South Africa, Rest of Middle East and
Africa). In addition, analysis comprising market
size, Y-O-Y growth opportunity analysis,
market players competitive study, investment
opportunities, demand for future outlook etc. has
also been covered and displayed in the research
report.
3
Steady Increase in Population to Boost the Market
Growth The global population has been projected
to reach 10 billion by the end of 2050 and is
expected to keep the growth steady to add another
billion to the population by 2100. It is
believed that Africa should contribute to more
than half of the population growth that is to
happen between the present times and
2050. Several factors contribute to population
growth, the chief of which are the changes that
should happen to the fertility rate, more people
surviving till reproductive age, the general
longevity of life, people migrating in masses,
and rapid urbanization. Population growth is
thought to increase the overall food demand and
this should make the use of technological
innovations like agriculture drones
inevitable. However, the effect of COVID-19 on
all industries, the government regulations making
the use of commercial drones difficult and a
section of farmers still not being able to
afford any technological innovations are expected
to operate as key restraint to the growth of
global agriculture drone market over the forecast
period. This report also provides the existing
competitive scenario of some of the key players
of the global agriculture drone market which
includes company profiling of AeroVironment,
Inc., AgEagle Aerial Systems Inc, American
Robotics, Inc., SZ DJI Technology Co., Ltd.,
Israel Aerospace Industries Ltd., MICRODRONES,
Parrot Drones SAS, PrecisionHawk, Inc., Trimble
Inc., Yamaha Motor Corporation U.S.A., and
others. The profiling enfolds key information of
the companies which encompasses business
overview, products and services, key financials
and recent news and developments. On the whole,
the report depicts detailed overview of the
global agriculture drone market that will help
industry consultants, equipment manufacturers,
existing players searching for expansion
opportunities, new players searching
possibilities and other stakeholders to align
their market centric strategies according to the
ongoing and expected trends in the
future. Request Report Sample_at_ https//www.kenneth
research.com/sample-request- 10325302
4
Kenneth Research is a leading service provider
for strategic market research and consulting. We
aim to provide unbiased, unparalleled market
insights and industry analysis to help
industries, conglomerates and executives to take
wise decisions for their future marketing
strategy, expansion and investment etc. We
believe every business can expand to its new
horizon, provided a right guidance at a right
time is available through strategic minds. Our
out of box thinking helps our clients to take
wise decision in order to avoid future
uncertainties. Contact for more Info AJ
Daniel Email sales_at_kennethresearch.com U.S.
Phone [phone]