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United States Agriculture Drone market was valued at US$ 72.10 million in 2018

Author : univdatos
Publish Date : 2021-10-16 07:41:20
United States Agriculture Drone market was valued at US$ 72.10 million in 2018

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). Drone technology in agriculture has moved rapidly through the technology hype sequence, from curiosity to irrational exuberance to overblown misfit. The progressive automation of agricultural processes has significantly improved the productivity of agriculture labor, shifting masses of workers into other productive industrial areas. Since then, scientific advances in chemistry, genetics, robotics, and many other applied sciences have fueled the accelerated development of agricultural technology. Drone technology and advanced image data analytics with the capabilities it provides have the potential to become important parts of the technology mix that could fill the gap.

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Agricultural drones can carry a large payload of spray and can be operated more safely at a fraction of the cost compared to crop dusters, and more efficiently than manually spraying from a vehicle. The drone technology sector as well as image data processing and analytics are all in a constant state of change and development. There is a range of technologies in the development pipeline that can potentially transform the sector in the coming years. This would most likely lead to the immediate development of new uses in the agriculture industry or strengthening the impact of UAV technology in existing ones. One of the leading examples is rapid development in the field of machine learning and deep learning. Drone technology and advanced image data analytics tools are of great potential for the agriculture industry.

Based on the drone type, the market is bifurcated into fixed-wing drones, multi-rotor drones, and hybrid drones. The fixed-wing drone dominated the market with 47.2% share in 2018 and is anticipated to maintain its dominance throughout the analyzed period. The fixed-wing drones are often preferred by farmers because they can cover more area and spend more time in the air than a multi-rotor platform.

The several applications of agricultural drones include field mapping, soil monitoring, agriculture photography, crop spraying, crop monitoring. In 2018, the crop spraying dominated the market with revenue of US$ 19.45 million and is anticipated to maintain its dominance during the forecast period. Typical modern-day spraying drones have a tank capacity of over ten liters of liquid pesticide with a discharge rate of over a litre a minute, allowing them to cover a hectare in ten minutes. However, to leverage drone technology fully as a spraying platform, the spraying needs to be paired and synchronized with the above-mentioned imaging, processing, and automated analytics capabilities to address the affected areas or plants with precision. Such an approach would lead not only to the improvement of dosage in the affected areas but also to a reduction in the overall use of chemicals within the area.

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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 region. 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.

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 the emergence of various start-ups in the recent past.

Final Report will add the analysis of the impact of COVID-19 on this industry.”

In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability.

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The Market report answers the following questions:

What is the aim of the report?

• The market report presents the estimated market size United States Agriculture Drone market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
• Based on what factors are the key market players assessed in this report?
• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Playes
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
• the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

Global US Agricultural Drone Market Segmentation
Market Insights, by Drone Type
• Fixed-wing Drone
• Multi-Rotor Drone
• Hybrid Drone
Market Insights, by Application
• Field Mapping
• Agriculture Photography
• Crop Spraying
• Crop Monitoring
• Soil Monitoring
• Other Applications

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Market Insights, by Region
• Mid-West
• South
• North-East
• West

Top Company Profiles
• AeroVironment Inc.
• Trimble Inc.
• Deere and Company
• AgEagle Aerial Systems, Inc.
• Drone Deploy
• DJI Technology Co Ltd
• Deveron UAS Corp
• Intel Corporation
• Precision Hawk
• Sentera

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UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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