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 drone in agriculture sector in the US. 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 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 highest rate of adoption of drones
in the US in coming years.
“Mid-West the largest crop-growing region
dominated the adoption of 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 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, Senetra, 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 emergence of various start-ups in recent past.
Agricultural Drones Market can further be customized as per the
requirement or any other market segment. Besides this, UnivDatos Market Insights (UMI) understands that you may have your own
business needs, hence feel free to connect with us to get a report that
completely suits your requirements.
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