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Agricultural Drones Market To Generate $6.2 Billion Revenue by 2024

A number of factors, such as the rising need for agricultural products, improving productivity of agricultural products, and relaxation in the government rules for drones in the U.S., Germany, China, Brazil, and India, are projected to drive the growth of the agricultural drones market at a CAGR of 25.0% during the forecast period (2019–2024). According to P&S Intelligence, the market generated revenue of $1.5 billion in 2018, and it is expected to reach $6.2 billion by 2024.

Moreover, the market is witnessing a trend of surging adoption of drones for crop spraying. One of the prime factors aiding the agricultural drones market is the rising need for agricultural products, including fruits and vegetables, across the world. The demand for these products is increasing, owing to the substantial rise in the global population. For instance, as per the United Nations (UN), the population across the globe is projected to reach 9.7 billion by 2050 from 7.7 billion in 2019.


To boost agricultural production, farmers are widely deploying drones in several applications such as soil analysis, crop spraying, and real-time crop monitoring. The aerial platform segment of the agricultural drones market is classified into multi-rotor, single-rotor, and fixed-wing. Among these, the multi-rotor category accounted for the largest market share in 2018.

This is because farmers are widely adopted multi-rotor agricultural drones, owing to their easy-to-use mechanism and low cost, for crop management, crop spraying, and health assessment. Whereas, the demand for fixed-wing drones is expected to witness the highest CAGR during the forecast period, as these drones carry heavy payloads and cover larger farm areas.

Thus, the rising demand for agricultural products and the improving productivity of agricultural products across the world are expected to propel the market growth during the forecast period.

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