Market Research News Federation Board

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 produc...

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 agricu...