The surging use of such drones for crop spraying will propel the agricultural drones market at a CAGR of 25.0% during 2019–2024. The market was valued at $1.5 billion in 2018 and it is expected to reach $6.2 billion by 2024. Deployment of agricultural drones for crop spraying allows farmers to monitor faraway locations on their agrarian lands on a real-time basis.
Single-rotor, multi-rotor, and fixed-wing agricultural drones manufactured by SZ DJI Technology Co. Ltd., Yuneec International, Yamaha Motors Co. Ltd., AiroVironment Ltd., Drone Deploy Inc., Yuneec International, AGCO Corporation, Shandong Joyance Technology Co. Ltd., Trimble Inc., AGEagle Aerial Systems Inc., and Israel Aerospace Industries Ltd. can be deployed in large, medium, small, and micro-sized farmlands.
These drones help in ensuring efficient spraying as they use only an adequate amount of liquid for crop spraying. Additionally, the increasing prevalence of crop diseases, such as Verticillium and Rhizoctonia, caused due to pathogens like Bollworm and Fall Armyworm (FAW), will also augment the use of agricultural drones in the foreseeable future.
As such diseases have a detrimental effect on agricultural productivity, farmers are using drones for crop monitoring, soil and field analysis, and crop health assessment. After gathering the appropriate data, farmers can deploy appropriate measures to protect farm produce from various pathogens.
Single-rotor, multi-rotor, and fixed-wing agricultural drones manufactured by SZ DJI Technology Co. Ltd., Yuneec International, Yamaha Motors Co. Ltd., AiroVironment Ltd., Drone Deploy Inc., Yuneec International, AGCO Corporation, Shandong Joyance Technology Co. Ltd., Trimble Inc., AGEagle Aerial Systems Inc., and Israel Aerospace Industries Ltd. can be deployed in large, medium, small, and micro-sized farmlands.
Among the different types of agricultural drones, multi-rotor drones are being deployed in the largest quantity, due to their easy-use mechanism and low cost as compared to other variants. According to P&S Intelligence, North America led the agriculture drones market in the preceding years, and it is expected to retain its dominance in the coming years as well.
This can be primarily ascribed to the surging need to augment the agricultural output and plunging number of skilled agricultural laborers in the region. Farm owners of North America are increasingly deploying agricultural drones to overcome the shortage of laborers and enhance crop productivity at less cost.
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