Dublin, Dec. 13, 2024 (GLOBE NEWSWIRE) -- The "Agricultural Drones Market by Payload Capacity (Small Payload Drones, Medium Payload Drones, Large Payload Drones), Component, Technology Type, Offering Type, Farm Produce, Farm Size, Range, Application and Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The agriculture drones market is estimated at USD 2.00 billion in 2024 and is projected to reach USD 8.03 billion by 2029, at a CAGR of 32% from 2024 to 2029.
The exemption by the FAA for use in agriculture increases adoption of drones. This will open a huge opportunity in the market for agriculture drones. With fewer regulatory hurdles, stakeholders may adopt drone technology with minimal compliance, opening the market up to wider penetration. The use of drones and data analytics platforms will let effective decision making occur while optimizing resources, which leads to a better productivity. 
The focus on sustainability in agriculture makes it possible to use drones for friendly environmental practices, and the FAA's waiver of exemption has made the usage of drones possible easily. Lastly, the changed outlook in terms of rules means training programs and consultancy services for the smooth run of drone operations, thereby increasing demand. In conclusion, this exemption is doing a lot to create an easy setting for the growth of the market in agriculture drones.
Security and Safety concerns associated with civil and commercial application of drones.
Security and safety concerns due to civil and commercial use of drones can be a significant restraint for the agriculture drones market in the following ways. The first is concerned with invasion of privacy; a camera and sensor-gifted drone is likely to capture images or data from private properties, which can lead to legal challenges and public backlash, thus dissuading adoption among farmers who fear possible cases of infringement. Further risks include the possibility of accidents and collisions with other aircraft. Drones will inhabit agricultural airspace, so any accident could potentially result in injury or property damage, increasing regulation and liability that may burden the farmer from using drone technology.
The precision farming segment dominated the application segment of agriculture drones market.
With several compelling reasons for the precision farming segment to dominate the agriculture drones market, the demand in this segment is strong. Growing populations worldwide have generated an imperative need for food security, and optimal agricultural productivity becomes crucial; in turn, precision farming allows farmers to take data-driven decisions that increase crop yields and the optimum usage of resources. Drones are essential in the process, providing real-time data and detailed analytics that optimize the operations.
Other technological advancements include the enhanced capabilities with drones-high-resolution imaging, multispectral sensors, and integration with AI, thereby enabling sophisticated crops and soil analysis to trace the patterns of growth and assess health. Again, these kinds of operations are aligned with environmental regulations and consumer preferences for sustainably sourced products. Government funding for contemporary agriculture techniques by encouraging farmers to invest in drones and precision farming solutions are thus spearheading the segment.
During the forecast period, the Asia Pacific within the region segment is estimated to witness the significant CAGR in the agriculture drones market.
The market for agriculture drones is expected to grow significantly in Asia Pacific. The rate of the uptake of precision agriculture is very high, as farmers increasingly find the adoption of drones useful in crop monitoring, soil analysis, and targeted pesticide application. Government initiatives toward modernizing agriculture also further support this growth, due to many Asian governments promoting advanced technologies with funding, subsidies, and training programs for improving food security and sustainability.
Prominent companies in the market include DJI (China), Trimble Inc (US), Parrot Drone Sas (France), Yamaha Motor Co., Ltd. (Japan), Ageagle Aerial Systems Inc (US), Dronedeploy (US), XAG Co., Ltd.(China), Sentera (US), Autel Robotics (China), Yuneec (US), Microdrones (Germany), Gamaya (Brazil), Aerialtronics Dv B.V. (Netherlands), Hiphen (France), Hylio (US).
Other players include Jouav (China), Shenzhen GC Electronics Co.,Ltd. (China), Aries Solutions (India), Wingtra AG (Switzerland), Sky-Drones Technologies Ltd (UK), Delair (France), Shenzhen Grepow Battery Co., Ltd (China), Applied Aeronautics (US), Vision Aerial, Inc. (US)
The report provides insights on the following:
- Analysis of key drivers (government initiatives to promote water conservation), restraints (high initial investment costs of agriculture drones), opportunities (increasing adoption of precision agriculture and sustainable practices), and challenges (lack of training and awareness among farmers) influencing the growth of the agriculture drones market.
- New product launch/Innovation: Detailed insights on research & development activities and new product launches in the agriculture drones market.
- Market Development: Comprehensive information about lucrative markets - the report analyzes the agriculture drones across varied regions.
- Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the agriculture drones market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, brand/product comparison, and product food prints of leading players such as DJI (China), Trimble Inc (US), Parrot Drone Sas (France), Yamaha Motor Co., Ltd. (Japan), Ageagle Aerial Systems Inc (US), XAG Co., Ltd. (China), Autel Robotics (China) and other players in the agriculture drones market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 413 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $2 Billion |
| Forecasted Market Value (USD) by 2029 | $8.03 Billion |
| Compound Annual Growth Rate | 32.0% |
| Regions Covered | Global |
Key Topics Covered:
Premium Insights
- Attractive Opportunities for Players in Agriculture Drones Market
- Asia-Pacific: Agriculture Drones Market, by Offering Type and Country
- Agriculture Drones Market, by Offering Type
- Agriculture Drones Market, by Component
- Agriculture Drones Market, by Payload
- Agriculture Drones Market, by Farm Produce
- Agriculture Drones Market, by Range and Region
- Agriculture Drones Market: Regional Snapshot
Market Dynamics
Drivers
- Demand for Smart Farm Optimization and Resource Usage Efficiency Optimization Using Agricultural Drones
- Favorable Government Policies, Subsidies, and Regulations
- Availability of Software Solutions for Field Surveys and Data Analytics
- Growth in Concerns Regarding Ecosystem Change
- Increasing Labor Shortages
Restraints
- Security and Safety Concerns Associated with Civil and Commercial Applications of Drones
- Large Number of Fragmented Lands in Developing Countries
- Lack of Technical Knowledge and Training Activities
Opportunities
- Exemptions by US Faa for Use of Agriculture Drones
- High Adoption of Aerial Data Collection Tools in Agriculture
- Increase in Use of Agricultural-based Software Via Smartphones
- Need for Early Detection of Crop Diseases and Ease of Farm Management
Challenges
- Management of Data Collected by Agriculture Drones
- Lack of Standardization of Communication Interfaces and Protocols for Precision Agriculture
- Lack of Technical Knowledge Among Farmers
- Scarcity of Trained Pilots
- High Cost of Drones
Case Study Analysis
- Peruvian Startup Offered Advanced AI Systems with Autonomous Capabilities for Agriculture Drones
- Gayama Enhanced Agricultural Productivity and Sustainability Through Innovative Technologies AI Technologies
Company Profiles
Key Players
- DJI
- Trimble Inc.
- Parrot Drone Sas
- Yamaha Motor Co. Ltd.
- Ageagle Aerial Systems Inc.
- Dronedeploy
- Sentera
- Xag Co. Ltd.
- Autel Robotics
- Yuneec
- Microdrones
- Aerialtronics Dv B.V.
- Gamaya
- Hylio
- Hiphen
Other Players
- Jouav
- Shenzhen Gc Electronics Co. Ltd.
- Aries Solutions
- Wingtra AG
- Sky-Drones Technologies Ltd.
- Delair
- Shenzhen Grepow Battery Co. Ltd.
- Applied Aeronautics
- Vision Aerial, Inc.
- Quantum-Systems GmbH
- Drone as a Service Players
- Colena Ltd.
- Blue Skies Drones
- Flyuav247
- Rantizo
- Terra Drone Corp.
For more information about this report visit https://www.researchandmarkets.com/r/hjvx5i
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