Global Agriculture Drones Market Predicted to Register $6,244.5 Million and Grow at 19.2% CAGR During the 2021 to 2028 Forecast Timeframe [243-Pages] | Proclaimed by Research Dive

According to the report, the global agriculture drones market is projected to register a revenue of $6,244.5 million and grow at 19.2% CAGR during the 2021-2028 forecast timeframe.

Dynamics of the Agriculture Drones Market

Drivers: The rising adoption of precision farm techniques to make better agronomic decisions along with the growing pressure on global food supply are the two major factors predicted to drive the growth of the global agriculture drones market during the forecast years. Additionally, increasing venture funding in the development of drones is also estimated to boost the market growth by 2028.

Opportunities: The growing adoption of information and communication technology (ICT) to solve agricultural issues as well as the major shift of traditional agricultural activities to advanced technologies for better efficiency and productivity are some factors to create abundant growth opportunities for the global agriculture drones market by 2028.

Restraints: Lack of standardization of various communication interfaces and protocols is the major hindering factor for the market growth.

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Covid-19 Impact on the Agriculture Drones Market

The onset of the covid-19 catastrophe has had an adverse effect on the global agriculture drones market mainly due to a prolong dip in the food crop prices and declined demand for agriculture equipment and tools by farmers. However, the slowdown of pandemic has helped the economies return to normalcy which has also surged the requirement for digitization and automation in the agriculture industry. Key market players and argitech companies are now coming up with innovative farming technologies like drones to cater to the growing population's food requirements. Agricultural drones help in real-time decision making in areas like yield monitoring, irrigation scheduling, crop health monitoring, and also improves agricultural productivity and efficiency. These factors are anticipated to revive the market's growth rate post the covid-19 pandemic.

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Segments of the Agriculture Drones Market

The report has fragmented the global agriculture drones market into different segments based on type, application, technology, and regional analysis.

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Key Agriculture Drones Market Players

Some key agriculture drones market players include

1.  AgEagle Aerial Systems Inc.

2.  DJI

3.  AeroVironment, Inc.

4.  Delair

5.  Microdrones

6.  Parrot SA

7.  Precisionhawk

8.  SenseFly

9.  Sentera LLC

10.  Yamaha Motor Corporation, and many more.

These players are working on developing strategies such as product development, merger and acquisition, partnerships and collaborations to sustain the market enhancement. – Inquire Here to get access to the Key Manufacturers' Development Strategic Report

For instance, in August 2022, Meraque Services, a Malaysian innovation solution organization, announced its launch of the first ever Malaysian Autonomous Ground Vehicle (AGV) named 'RACE' that will reduce the reliance on manpower and enhance fertilizer spraying consistency in oil palm plantation fields.

The report also summarizes many crucial aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.

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About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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