US Agriculture Drone Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025
United States Agriculture Drone Market was valued at US$ 72.10 million in 2018 and is anticipated to reach US$ 144.8 million by 2025 displaying explosive CAGR of 9.96% over the forecast period (2019-2025). With the rapid technological breakthrough, farmers are opting for agricultural drones to enhance their agricultural productivity. Being one of the newest and efficient tools in agriculture, they assist the farmers in a wide range of tasks from analyzing, planning to the actual planting of crops, and the subsequent monitoring of fields to ascertain the health and growth of crops. Furthermore, surging investments by established players along with the favorable government policies are expected to allow large and small operations to aid in effective farming practices. For instance, in 2016, US investments in agricultural drones and robotic technology amounted to US$ 389 million and approximately 40 companies raised funds. Investors such as Monsanto, Syngenta, and Mitsui have backed various emerging start-ups for improving, harvesting, crop spraying, and irrigation. The rising trend of implementation of UAVs for enhanced productivity and increasing awareness of precision agriculture for crop scouting and field mapping is expected to drive the adoption of the drone in the agriculture sector in the US. The US has the highest adoption rate of aerial agriculture drones. It has been primarily adopted for crop dusting efficiency over large fields and precision agriculture and farm management. Labor shortages in the country, reduced input requirements and high yield efficiency coupled with various other incentives have been catalyzing factors influencing the growth of agriculture drones in the United States.
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“Fixed Wing Drone is expected to dominate the US agriculture
drone market during the analyzed period.”
Based on drone type, the report segments
the US agricultural drone market into fixed-wing drones, multi-rotor drones, and
hybrid drones. Fixed-wing Agriculture drones hold the maximum market (47.2%
share) and are expected to keep its dominating over the forecast period as they
provide exact information and ensure the effective monitoring of the
agriculture field. Fixed-wing agriculture drones are considered
to be the best choice to monitor the field hence, they occupy the lead share in
the market.
“Crop spraying as an agriculture drone application dominates
the market in 2018 and is expected to dominate the market during the analyzed
period.”
Based on the application, the market is
segmented into field mapping, soil monitoring, agriculture photography, crop
spraying, crop monitoring. Crop spraying generated revenue of US$ 19.45 million
in 2018. The segment is expected to dominate the US agriculture drone market during
the analyzed period as the devices installed to support the farmers
by measuring the distances with extreme precision. Application of crop sprayer
results in a massive reduction in overall spray and much lower chemical level
reaching the groundwater. With the usage of agriculture drones, the farmers can
complete spraying jobs about 5 times faster than traditional methods. Crop
Monitoring segments are expected to witness the highest rate of adoption of drones
in the US in the coming years.
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Complete Report with TOC @ Agriculture Drone Market
“Mid-West
the largest crop-growing region dominated the adoption of the drone in the US
agriculture sector in 2018”
For a better understanding of the
overall adoption of the agriculture drone in the US, detailed regional level the analysis was conducted including North East, Midwest, South, and West regions.
Among all these regions, the Mid-West region is expected to witness
considerable growth over the analyzed period due to increasing technological
advancement and infrastructural development in the region.
Competitive
Landscape-Top 10 Market Players
Some of the major players operating in
the US agricultural drone market include Aero
Vironment Inc, Trimble Inc, AgEagle Aerial Systems, Inc., Precision Hawk,
Sentra, Drone Deploy, Deveron, DJI, Intel, and John Deere Company. These companies are entering into partnership or investing
in R&D to come up with innovative products for the agricultural sector. US
agricultural drone market also witnessed the emergence of various start-ups in the recent past.
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Agricultural Drones Market can further be customized
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Labels: Agriculture Drone Market, Agriculture Drone Market Analysis, Agriculture Drone Market Research, Agriculture Drone Market Share, Agriculture Drone Market Size, US Agriculture Drone Market
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