The increasing demand for food owing to the rising population and advancement in technology is fueling the market growth
The Global Agriculture Drone Market is forecast to reach $13.31 billion by 2028, according to a new report by Reports and Data. Agriculture drones are unmanned aerial vehicles (UAV) primarily used to perform the survey of farms. This technology aids the agricultural decision in collecting information, storing it for future use, combining it, and using it for analysis. They also help in maintaining the precision of the level of insecticides and pesticides used on the crops. They also monitor the irrigation system and the performance of the labour.
Factors boosting the market growth are the high awareness about agricultural drones, investment into venture funding, and advancement in farming technology that boosts productivity. An increase in demand for high yield and initiatives taken by the government to support the agricultural sector will encourage the growth of the market.
Drones provide quick information, have a low cost of operations, and can readily access areas that are hard to reach by cars and boats. However, drones are limited by weather conditions such as the speed of the wind.
However, the lack of trained pilots and air traffic management are hampering the growth of the market. The revolution of the farming sector from traditional to digitalisation will increase the demand for software used to design and maintain drones, especially in emerging nations such as China and India.
Key participants include Honeycomb Corporation, Parrot, AgEagle, DJI Technology, AeroVironment, Yamaha Motor Co, Ursula Agriculture, Delair-Tech SAS, Trimble Navigation and Precision Hawk, among others.
