The global agriculture drone market size was US$ 2.21 billion in 2021. The global agriculture drone market is projected to grow to US$ 21.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 21.3% during the forecast period from 2022 to 2030.
Agriculture drones are unmanned aerial vehicles used in agricultural activities, assisting farmers in collecting, processing, analysing, and drawing insights from data collected by drones. These insights help achieve precision agriculture through its applications, including irrigation monitoring, crop monitoring, soil and crop field analysis, bird/locust control, planting, pesticide spraying, field mapping, variable rate application, crop scouting, and others.
Factors Influencing the Market
Drones provide a variety of advantages in the agriculture sector. For instance, it helps farmers prevent crop hazards, including weeds, pests, and fungi, which hampers crop growth. Moreover, it enhances crop productivity and lowers the expenses for resources such as water, fertilizer, and pesticides. As a result, it is projected to drive the growth of the global agriculture drone market during the analysis period.
The surging demand for precision farming technology and increasing government initiatives to prompt farming practices is expected to escalate the demand for agricultural drones during the analysis period. Moreover, the population rate is growing steeply, which is pushing governments on taking crucial steps to enhance crop production. The United Nations Department of Economic and Social Affairs reports that the global population is forecasted to grow to 9.8 billion by the end of 2050. As a result, it will accelerate the growth of the global agriculture drone market during the analysis period.
Other factors like labor scarcity, extreme weather conditions, inefficient application of fertilizers, infections, diseases, allergies, and concerns related to crop health will amplify the growth of the global agriculture drone market during the analysis period.
Credited Source
Taiwan News / Report Ocean / Image : DJI
