The agricultural drones market is poised to yield phenomenal profits, according to a newly released business intelligence report from IndustryARC. The analyst of the report attributes advancements in unmanned aerial vehicles (UAVs) are the primary factor that will drive global agricultural drones market value expansion at a CAGR of 9% during the forecast period of 2018 to 2023. By 2023, the report estimates the global agricultural drones market size to be $15 billion. The report is titled “Agricultural Drones Market: By Type (Fixed Wings, Rotary Wings, Hybrid Wings and Software type); By Components (Flight Controllers, Propulsion Systems, Camera System, Batteries and GPS); By Battery Life ( 30 Min, 30-60 Min, 60-100 Min and 100 Min); By Applications (Crop Analysis, Field Mapping, Agricultural Photography); By Geography – Forecast (2018 - 2023).”

Browse 61 Market Tables, 177 Figures spread through 149 slides and an in-depth TOC “Agricultural Drones Market (2019 - 2025)”

Agriculture Drones Market: Current Industry Applications

Evolution of drones, or UAVs, has marked a game-changing scenario in agriculture. Sugarcane farms of Central America, corn fields of South Asia, and several other food and commercial farms across the globe are witnessing the use of drones for crop spraying. The highly maneuverable drones act as top-dresser of crops by spraying them with fertilizers, fungicides, and pesticides. The attractive features of the products available in the agricultural drones marketplace, compact in size and light in weight, allows effective spraying in uneven parts of the farm, which is otherwise impossible to reach using tractors. Moreover, drones are capable of spraying pesticides and fertilizers with greater precision, and significantly reduce the economic burden and environmental pollution.

Besides crop spraying, agriculture drones market is disrupted by the possibility to entering into a wide array of agricultural applications, ranging from soil analysis, sowing crops, and irrigation management to crop health assessment. These devices also help to detect issues across the fields during the mid and later seasons of the crops.

An Eye in the Sky for Agriculture

Drones are referred to as “an eye in the sky” based on its ability to combine the data collection hardware with the analytic tools and interpret the data and images to provide actionable information. Typical information captured in a single fly of drone can include vegetation index (NDVI), plant counts, soil and H2O levels, soil temperature, topography, and many other information.

Dennis Bowman, a University of Illinois Extension educator and an expert in the agricultural drones market technologies opined in a recent press release that the opportunity to see a bigger picture of their field is driving the interest of growers towards the drone technology.(i) Explaining the importance of drones in agriculture, he also added “When the corn is up over your head, it’s hard to see what’s going on throughout the entire field. The opportunity to get this picture from the air, to be able to see what’s going on at the far end of a 120-acre field that’s not easily visible from the road, you can do a better job of seeing all the things that might be going on.”

Utilization of these flying robots provide several advantages including integrated GIS mapping, reduced time and cost of farming, and early detection of defective plants. Several studies have proved the increase in quantity and quality of production with the use of drones in agriculture.

Agricultural Drones Market Analysis

Advancements in the fields of automation, electronics and semiconductors, and Information and Communication Technology (ICT) has revolutionized the agricultural drones market across the globe. The need for effective management of farm and crop data resulted in a lucrative dive of communication technologies and mobile applications in agriculture. Knowledge on the use of sensors and cameras in effective management of agricultural inputs and pest control laid the foundation for the agriculture drones market, which now is evolving beyond nascent stage. The intelligence of agricultural drones in land use monitoring and precision farming is also a factor that motivates the utilization of these devices. Furthermore, the use of drones in tree farms to provide real-time health and growth information of individual trees can help the farmers in early detection of non-growing trees. According to a recent statement by the U.S. Federal Aviation Administration (FAA), the number of non-model unmanned aircraft systems in the U.S. surpassed 110 thousand units in 2017 and nearly 17% of these systems are used for agricultural applications.(ii)

Global Agricultural Drones Market: Current Industry Challenges

Besides the boosters, there exists several challenges associated with the adoption of drones in agriculture. The use of agricultural drones is subjected to several regulations posed by the regulatory bodies, such as Federal Aviation Administration (FAA) and others. According to FAO (Food and Agriculture Organization of the United States), as of April 2016, 73 countries of African, Caribbean, and Pacific (ACP) Group regulated the use of agricultural drones in their airspace.(iii) In the U.S., small unmanned aircraft system (sUAS) regulations mandates a drone pilot license(iv). The FAA has a considerable number of regulations regarding the use of drones for the U.S. citizens. Users who want to employ the drones for commercial applications, such as crop spraying, are required to file for an exemption. These regulations are hindering the adoption rate initially observed by the agricultural drones market companies in many countries.

The growing interest of research and venture capital partners towards space-related startups resulted in considerable growth of small satellite-based Earth Observation (EO), which is considered as a threat to drones. A large number of EO satellites will be launched in the coming years, thus lowering the use of drones in agriculture.

Global Agricultural Drones Market Opportunities

The growth of drones is largely tied to the technological developments in terms of flight strength and reliability. The manufacturers of agricultural drones are focused towards innovation of high speed drones with greater payload capacity. AgEagle, senseFly, and some other players have recently launched drones with superior flight period, suitable for continuous surveys. Advancements in vision technologies are likely to improve the data resolution of the drones, thus boosting their performance. Drones are also finding applications in several agriculture-related industries such as dairy, fisheries, and others, which significantly adds to its growth potential. Drones are considered as the key technological achievement in agriculture in the past era and are successfully being used in multiple applications within the sector.

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Global agricultural drones market is forecasted to grow at a CAGR of 33.28% in the coming years due to increasing awareness of precision farming. Agricultural drones are specially used in farming for improving crop production. They are inbuilt with digital imaging features and sensors that capture pictures of the crop. They monitor the crops efficiently and improve overall farming efficiency. With the help of birds’-eye view offered, agricultural drones commendably reveal issues like soil variation, irrigation problems, fungal and pest infestations.

Market is driven by factors like increasing need for improving crop production, rising government initiatives for use of enhanced technologies for farming, and increase in demand from farmers of developed economies. Moreover, increasing use of agricultural drones by economies around the globe are also driving the market growth. However, lack of awareness among consumers of use of drones in farming, lack of training for the efficient use of drones, and slow adoption of technologies in drones is hampering the growth of agricultural drones market.

The advent of modern agricultural drones is one of the major trends witnessed by agricultural drone market. Different technologies like automatic milking systems, driverless operation, and drone crop dusters, among others are expected to offer opportunities in the market.

Agricultural Drones Market

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Agriculture drones market is categorized on the basis of type, application and geography. On the basis of type, market is divided into multi-rotor (quad copter), fixed-wing, and hybrid drones. Fixed wing drones segment is expected to grow at a faster rate owing to the benefits like coverage of larger area, longer autonomy of flight and improved photographic result.

In terms of application, market is divided into crop scouting, spraying, field mapping and others. Spraying segment is projected to hold larger share of the market owing to the increasing use of drones for spraying different fertilizers, liquid pesticides, and herbicides on the land.

Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America and Europe is predicted to dominate the agricultural drones market owing to increase in demand from various countries for deploying drones. Due to this demand, Europe is focusing on deploying drones for farming purpose.

The leading players profiled in agricultural drones market comprise Agribotix LLC, AeroVironment, AgEagle LLC, Parrot SA, AGCO Corp, DJI, Eagle UAV Services, 3D Robotics Inc., Precisionhawk, Honey Comb Corp, Trimble Navigation Limited, and Sentera LLC.

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Global demand for drones in real estate & construction industry will reach a cumulative market value of $20.5 billion and a total shipment of over 6.3 million units for 2017-2025 including sales of UAV hardware, software, and service spending. This represents a continued growth with two-digit CAGRs in terms of sales revenue as well as annual shipment of drones for overall real estate & construction industry. Drones for Real Estate & Construction Industry: Global Market Research, Forecast, and Strategy 2016-2025 is based on a comprehensive research study of the real estate & construction drones market by analyzing the entire global market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium information sources with inputs derived from industry professionals across the value chain.

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In-depth qualitative analyses include identification and investigation of market structure, growth drivers, restraints and challenges, emerging product trends & market opportunities, and Porter's Fiver Forces. Moreover, risks associated with investing in global UAVs market for real estate & construction industry are assayed quantitatively and qualitatively. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

The report quantifies global real estate & construction drones market in each and every aspect of the classification from perspectives of industrial vertical, end-user, drone application, and region.

On basis of industrial vertical, the global market is segmented into the following two sections with annual shipment and revenue data available for each section over 2014-2025: 
 Construction Industry 
 Real Estate

On basis of drone application, the global market is studied in the following segments with sales revenue provided for each sub-segment covering 2014-2025 duration: 
 Land Management 
 Construction Process 
 Structure Inspection 
 Property Marketing 
 Other Applications

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On basis of UAV end-user, the global drones market in real estate & construction industry is segmented into four sections with annual revenue and unit shipment data available for each section in every year of 2014-2025: 
 Residential Property 
 Commercial Property 
 Industrial Property 
 Public Property

Geographically, the following five regions together with the listed national markets are fully investigated regarding the global drones market for real estate & construction industry: 
APAC (China, Japan, South Korea, Australia, India, and Rest of APAC) 
 Europe (Germany, France, UK, Italy, Russia, Turkey, Rest of Europe) 
 North America (U.S. and Canada) 
 Latin America (Brazil, Mexico, Rest of Latin America) 
 RoW (Saudi Arabia, United Arab Emirates)

For each of the aforementioned regions and countries, detailed analysis and data about annual revenue of UAV systems for real estate & construction industry are available for every single year over 2014-2025. Data regarding annual shipment is also provided at regional level for each year of 2014-2025. The report also includes current competitive scenario and the predicted manufacture trend, and profiles 25 drone vendors including market leaders and important emerging players. 
Highlighted with 7 tables and 73 figures, this 173-page report provides timely data and detailed analysis to help clients targeting the global market to identify business opportunities and execute an effective strategy.

Key Players:
3D Robotics Inc, Aerial Imaging Resources, AeroVironment, Inc., Agribotix LLC, Aibotix GmbH, AirBorn Imaging, Airware, Inc., AutoCopter Corp., Aviation Industry Corporation of China (AVIC), Cenpac Images, Cyberhawk Innovations Ltd., Dajiang Innovation Technology Inc. (DJI), Delair-Tech, DroneDeploy, DroneVU Studios, Eagle UAV Services, Navix Drones, LLC, Phoenix Drone Services LLC, Precision Drone, Schiebel, senseFly/Parrot, Skycatch Inc, The Drone Co., Trimble Navigation Ltd., Yuneec International

Table of Content

1 Introduction  
1.1 Industry Definition and Research Scope  
1.1.1 Industry Definition  
1.1.2 Research Scope  
1.2 Research Methodology  
1.2.1 Overview of Market Research Methodology  
1.2.2 Market Assumption  
1.2.3 Secondary Data  
1.2.4 Primary Data  
1.2.5 Data Filtration and Model Design  
1.2.6 Market Size/Share Estimation  
1.2.7 Research Limitations  
1.3 Executive Summary 

2 Market Overview and Qualitative Analysis  
2.1 Market Structure  
2.2 Market Size and Forecast  
2.3 Major Growth Drivers  
2.4 Market Restraints and Challenges  
2.5 Emerging Opportunities and Market Trends  
2.6 Porter's Fiver Forces Analysis  
2.7 Investing in Global Drones Market for Real Estate & Construction Industry: Risk Assessment and Management  
2.7.1 Risk Evaluation of Global Market  
2.7.2 Critical Success Factors (CSFs)  
3 Segmentation of Global Market by Industrial Vertical  
3.1 Market Overview by Industrial Vertical 

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Global demand for drones in insurance industry will reach a cumulative market value of $3.57 billion and a total shipment of over 1.55 million units for 2017-2025 including sales of UAV hardware, software, and service spending. This represents a continued and accelerating growth with two-digit CAGRs in terms of sales revenue as well as annual shipment of drones for insurance claims processing, risk assessments, property appraisal and others. 

Drones for Insurance Industry: Global Market Research, Forecast, and Strategy 2016-2025 is based on a comprehensive research study of the insurance-inspection drones market by analyzing the entire global market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium information sources with inputs derived from industry professionals across the value chain.

In-depth qualitative analyses include identification and investigation of market structure, growth drivers, restraints and challenges, emerging product trends & market opportunities, and Porter's Fiver Forces. Moreover, risks associated with investing in global UAVs market for insurance industry are assayed quantitatively and qualitatively through GMD's Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions. 
The report quantifies global insurance drones market in each and every aspect of the classification from perspectives of subsystem, drone application, technology and region.

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Based on UAV subsystem, the global market is segmented into the following three sections with annual revenue data available for each section over 2014-2025: 
 Drones Hardware (frame, controller system, propulsion system, sensors, cameras, etc.) 
 Drones Software (imaging software, GPS, GIS, etc.) 
 Drones Service (cloud service, integration, engineering, and management)

On basis of drone application, the global market is studied in the following segments with annual shipment and sales revenue provided for each sub-segment covering 2014-2025 duration: 
 Claims Processing 
 Risk Assessments 
 Property Appraisal and Others

On basis of UAV technology, the global market is divided into six segments with annual revenue data available for each segment in every year of 2014-2025: 
 Energy and Propulsion 
 Data Collecting and Processing 
 Steering and Positioning 
 Automation Systems 
 Communications and Relays 
 Cyber Security

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Geographically, the following five regions together with the listed national markets are fully investigated regarding the global drones market for insurance industry: 
 APAC (China, Japan, South Korea, Australia, India, and Rest of APAC) 
 Europe (Germany, France, UK, Italy, Russia, Turkey, Rest of Europe) 
 North America (U.S. and Canada) 
Latin America (Brazil, Mexico, Rest of Latin America) 
 RoW (Saudi Arabia, United Arab Emirates)

For each of the aforementioned regions and countries, detailed analysis and data about annual revenue of UAV systems for insurance industry are available for every single year over 2014-2025. Data regarding annual shipment are also provided at regional level for each year of 2014-2025.

The report also includes current competitive scenario and the predicted manufacture trend, and profiles 22 drone vendors including market leaders and important emerging players. 
Highlighted with 6 tables and 74 figures, this 163-page report provides timely data and detailed analysis to help clients targeting the global market to identify business opportunities and execute an effective strategy.

Key Players:
3D Robotics 
AeroVironment, Inc. 
Aeryon Labs 
Airware Inc 
Arch Aerial LLC 
Ascending Technologies GmbH 
Cyberhawk Innovations 
Dajiang Innovation Technology Inc. (DJI) 
Delta Drone 
Draganfly Innovations 
DroneDeploy 
Eagle UAV Services 
GoPro, Inc. 
HUVRData, LLC 
Kespry Inc. 
Marcus UAV Inc 
Precision Drone 
Sarl Dronotec 
senseFly/Parrot 
Skycatch 
Trimble Navigation Ltd. 
Yuneec International

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.

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According to an upcoming report by BlueWeave Consulting, “Global Drone Market, by Type, by Segment, by Application, by Region, Growth Potential, Competitive Market Share and Forecast, 2015-2025” The drone market is projected to grow with a significant growth rate during the forecast period 2019-2025.

Drones sometimes referred to as unmanned aerial vehicles (UAV), used as aircraft systems without a human pilot aboard. The rise in adoption of smartphones, demand for aerial services, and commercial applications impact the market growth. The usage of drone technology in agricultural practices, media, and entertainment, the construction sector has been on a significant rise. However, increasing privacy and security concerns and high-resolution satellite imagery is the factors hampering market growth. Companies are using drones to add efficiency and accuracy in their businesses. Digitization and technological advancements in camera, drone specifications, mapping software, multidimensional mapping, and sensory applications are expected to drive the commercial drone market growth. Construction and agriculture are two major areas of the drone market. They have been widely used in civil applications such as smart agriculture practices through mapping and studying of crop data in agriculture, utilization of footage and images of a site to make 3D rendering of structures, in real estate market for package delivery to customers from retail stores, and media coverage by journalists to capture important news with closer aerial shots. The rise in application areas is expected to boost drone market growth over the forecast period. Furthermore, supportive government initiatives also foster the growth of the market.

Military segment accounted for the largest share of the global drone market during the forecast period.

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A military segment dominates the global drone market. Drones are used in surveillance, rescue operations, providing supplies to troops and soldier deployed in remote areas, gathering information about hostile places before a mission. The increasing use of drones in various military applications like monitoring, surveying, and mapping, and combat operations contributing to the growth of the military drones market across the globe. Some devices have the capability to carry missiles and hit the target with high accuracy. Integration of drones in the current warfare systems to combat or counter threats, and cost-effectiveness as compared to manned aircraft further drive the market. Furthermore, their advanced capabilities, such as perform flight, avoid the collision, following pre-loaded instructions, following moving objects, store valuable information, and post-flight analysis the demand for drones globally. 

North America is the leading region in the global drone market during the forecast period.

North America has the highest demand on account of major applications in military sector followed by Europe. Owing to the technological advancement and utilization of drone capabilities like the use of thermal and hyper spectral sensors in flight to capture and experience the immersive view from drones. For instance, in 2017, the U.S. government launched a program to increase the testing of commercial UAVs to include nighttime operations, flights beyond the VLOS and flights flown over people. The country generates high demand for drones used for surveillance purposes. Moreover, commercial application opportunities are growing as well. The Asia Pacific is the fastest growing region with significant growth on account of expanding product application in commercial and military areas due to several macro and micro economic factors like the socio-political difference between various Asia-Pacific countries, territorial conflicts, and growing insurgency rates. 

Global Drone Market Competitive Landscape

Companies as Yuneec International Co. Ltd., SZ Dajiang Innovations Technology Co., Ltd., Parrot S.A., 3D Robotics, Incorporation, AeroVironment, Inc., General Atomics, Lockheed Martin Corporation, Northrop Grumman Corp., Boeing, China Aerospace Science and Technology Corporation, Bae systems, Israel Aerospace Industries, Textron, Elbit Systems Ltd. are the key players in manufacturing drone globally.

Don’t miss the business opportunity of Drone Market. Consult to our analyst and gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global drone market size & forecast. The report promises to provide state-of-the-art technologies of drone and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.

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