© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Agricultural Drones Market share to reach $1bn by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Agricultural Drones Market size is set to surpass USD 1 billion by Global shipments will exceed 200 thousand units by  Growing awareness regarding UAV implementation benefits among farmers will support the agricultural drones market share from 2017 to Increasing technological advancements to enhance quality farming techniques will further drive the industry demand over the forecast timeline. Increasing automation due to lack of skilled resources and labor crisis will fuel the industry. Favorable government initiatives across the agricultural sector will allow large and small operations to aid in effective farming practices.  The agricultural drones market is emerging as a profitable industry under the commercial sector. These products assist farmers in providing soil and crop data by taking pictures for assisting in crop management and adding components such as navigation system, GPS, and GIS benefit UAVs for improved maneuvering. Key Insights from Agricultural Drones Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  UVAs incorporated with infrared, hyperspectral, and multispectral cameras provide the required vision to the farmers, thus shielding the crops and farm. These images provide the necessary data and support the decision-making process. Images captured by multispectral cameras serve as an effective tool for plant health and soil evaluation analysis. Identification of weeds, pests, pesticide usage optimization, determining spacing issues, visual inspection of crops and fence are among the major benefits.  UAV LiDAR and photogrammetry imaging applications are potential opportunities for the agricultural drones market size. UAVs mounted with lidar drones in community projects will help in providing aerial view and building topographic maps.  Stringent government regulations and patents involved with advanced technologies will hamper the agricultural drones market size from 2017 to The products are required to avoid emergency conditions or accidents in the farms. Thus, lack of trained pilots and safety concerns associated with these devices are major challenges for the industry. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Europe Agricultural Drones Market Size, by Product, 2016 & 2024 ($ Mn)

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Continued...  The crop scouting applications are forecast to have significant growth prospects owing to utilization in reducing the fertilizer and pesticide wastage, further increasing the crop yields.  Favorable government initiatives in the agricultural sector is expected to be the key growth factors in the Europe agricultural drones market size. Venture capitalists are investing in unmanned aerial vehicle startups which will yield significant return to the investors. Companies such as Syngenta, Mitsui and Monsanto backed startups for improving crop spraying, harvesting and irrigation. DJI elevated USD 75 million during its first drone launch for the agricultural space.  Companies operating in the agricultural drones market include AeroVironment, Trimble Navigation Ltd., DJI Technology, PrecisionHawk, 3D Robotics, and Parrot SA. Industry participants are focusing on strategic acquisitions in order to consolidate share and expand regional and global presence.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Application Trends Field mapping applications dominated the global agricultural drones market size. Benefits such as increasing yield benefits by analysing and monitoring the crops are expected to support the segment growth over the forecast timeline. Crop scouting is expected to witness significant growth owing to its accuracy of fertilizer spraying.  Regional Trends U.S. agricultural drones market size was over 30% of the global revenue in Rising trend of implementation of UAVs for enhanced productivity and increasing awareness of precision agriculture for crop scouting and field mapping is expected to drive the industry growth in this region. APAC agricultural drones market will benefit from growing adoption and technological developments.  Competitive Market Share AeroVironment, DJI, DroneDeploy, GoPro, PrecisionHawk, and Trimble Navigation are some of the major companies operating in the agricultural drones market. The companies are focusing on having strategic acquisition in order to gain competitive market share in the industry. Corporate investors such as Monsanto, Syngenta, and Mitsui, backed emerging start-ups for improving harvesting, crop spraying, and irrigation. 360° Analysis

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