Skip to main content

Agricultural Drones Market Growth Prospects, Key Vendors, and Future Scenario

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. 

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

Where Are People Likely To Encounter a Voice Assistant?

A lot of people, both men, and women have either of two girlfriends they are increasingly talking to during the day: Siri and Alexa. In a short time, these voice assistants have become so popular that people often talk to them just for entertainment, asking pointless questions to hear even-more-pointless and often hilarious answers. Moreover, voice assistants help people control the operations of electrical and electronic devices, such as TVs, home automation systems, fridges, and washing machines, and even automobiles (certain features) via spoken commands. Thus, with technological advancement widening the application area of such programs, the voice assistant market value, as calculated by P&S Intelligence, is set to grow from $1,723.6 million in 2019 to $26,872.6 million by 2030, at a 29.7% CAGR between 2020 and 2030. While Alexa and Siri might still be babies in human years, voice assistants themselves are not.  Whenever someone calls up a big company or even a government ...
Post a Comment
Read more

Electric Motor Market Technological Advancements, Evolving Industry Trends and Insights

Electric motors are installed in fans, propulsion systems, refineries, compressors, alternators, metal rolling equipment, hoists, grinding mills, and power tools because they convert electrical energy to mechanical energy efficiently. These motors are being increasingly used in the automotive, agriculture, cement, metal, mining, oil and gas, pulp and paper, and water and wastewater industries. These high-power-consumption industries are deploying electric motors to reduce their operational costs and contribute toward a greener future. Moreover, the rising practice of customization of electric motors, to avoid compatibility issues with machines, is expected to fuel the electric motor market at a CAGR of 4.8% during 2020–2030. The market was valued at $118.2 billion in 2019 and it is expected to reach $195.2 billion revenue in 2030. Nowadays, electric motor manufacturers are emphasizing on producing customized electric motors to differentiate their products and meet the varying specific...
Post a Comment
Read more

Why will Popularity of OTT Services Boom in Asia-Pacific in Coming Years?

The growing popularity of video-on-demand (VoD) services in developing countries is also predicted to drive the advancement of the market between 2021 and 2030. Depending on type, the market is divided into VoD, music streaming, online gaming, and communication categories. Out of these, the online gaming category is predicted to dominate the market in the coming years. Internet-connected gaming consoles, such as Xbox One, Wii U, and Playstation 4, allow users to play games online. The high costs of these games are responsible for the high revenue generation of the online gaming category. Geographically, the OTT services market was dominated by North America in 2020. This was because of the high disposable income of people, which enabled them to purchase subscriptions of premium content. Additionally, the high penetration of the internet in Canada and the U.S. also contributed toward the surging popularity of OTT services in the region during the last few years. In the coming years, th...
Post a Comment
Read more