Analysis of Agriculture Drone Services Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global agriculture drone services market is expected to reach a valuation of US$ 893.0 million in 2023. The market is further poised to grow at a CAGR of 22.5% over the next 10 years and will enjoy a market value of US$ 6795.6 million by the end of 2033.
The market accounts for 13.0% of the total drone services market. The share of agricultural drone services in the total drone services market is expected to increase over the forecast period.
| Report Attributes | Details |
|---|---|
| Market Size (2022A) | US$ 729.0 Million |
| Estimated Market Value (2023E) | US$ 893.0 Million |
| Forecasted Market Value (2033F) | US$ 6795.6 Million |
| Global Market Growth Rate (2023 to 2033) | 22.5% CAGR |
| North America Market Share (2022) | ~34% |
| East Asia Market Growth Rate (2023 to 2033) | ~24.7% CAGR |
| United States Market Growth Rate (2023 to 2033) | ~20.3% CAGR |
| Key Companies Profiled | Aerial drone solution; AERIUM Analytics; Aeroview Services; Afridrones; Agri Spray Drones; Astral Aerial Solutions; DC Geomatics; DJM Aerial Solutions; Drone Ag; Dronegy; DroneHive; Dropcopter; LahakX; My Drone Services Inc.; PrecisionHawk Services; Rantizo; Trimble Inc. |
As per World Bank data, the global population is estimated to reach 9.9 billion by 2050. Considering the already severity of food in the world, it really becomes a question to ponder upon whether we will be able to meet everyone’s need for food. Specialists across the world are looking for a solution, and they all can agree that agricultural drones can be one of the ways of increasing overall crop yields.
Agriculture drones can perform different sets of tasks such as irrigation monitoring and planning, crop health analysis, crop damage assessment, and soil analysis among others. Western countries are the first ones to integrate drones into the agricultural field and now slowly and steadily the trend is also picking up in Asian countries. Though the majority of the market players are associated with agricultural drones are pretty much early in their operation, resulting in high cash burn as the current focus is on business expansion rather than being profitable.
As per the newly published report by Fact.MR, a market research and competitive intelligence provider, the global agriculture drone services market is expected to grow at a CAGR of 22.5% during the forecast period of 2023 to 2033.
The above depicts the market analysis of the agriculture drone service industry based on the services and region. Under the service type, mapping & surveying accounts for 54% of the total market shares.
“Aging Workforce in Agriculture”
Currently, in the agriculture industry, the majority of the workforce is aged between ~35-45 years, and with the increasing global average age, it is expected to rise in the coming future. Considering the age factor, it is expected that the future of agriculture will be fully digital.
Agricultural drones are a recent example of digital agriculture. Agriculture drones can extensively perform almost most tasks such as spraying, seeding, crop health inspection, field soil analysis, and crop damage assessment among others. Agricultural drones can perform all these above-mentioned tasks in 1/10th of the time taken by other means and are also cost-effective. The market is expected to witness high demand owing to the rapidly aging global population and rising pressure on the agriculture field to produce more.
“Reducing Agricultural land”
As the world population is expected to reach the 9.9 billion mark by the end of 2050. The demand for residential and commercial spaces is increasing, and eventually creating pressure on agricultural land. It is really alarming to see the rate at which the volume of agricultural land is reducing, which is ultimately creating pressure on agricultural land to produce more with the limited supply.
The agricultural drone services providers are trying to solve the problem of limited agricultural land and low productivity by developing specialized drones, especially for agriculture purposes. Agriculture drones can help farmers in the optimal use of all available materials like pesticides, water, and other chemicals, which will ultimately increase the crop yield, benefitting the farmers/enterprises.
“Lower Range and Scale of Agricultural Drones”
Currently, the global agriculture drone services market is in its early stages, and market players are still developing drones on a trial-and-error basis. Market players are still collecting feedback and data, and It will take some time & effort before companies will be able to develop the most technologically advanced and well-equipped drones for agriculture purposes.
The present drone used in agricultural fields is suitable for small-size land. They are best for small-scale operations and can really boost productivity at a comparatively lower cost. However, these are not very useful for large-scale operations or big farmlands, where the area of operation and analysis is huge. Considering the fact that the average life of batteries of unmanned aerial vehicles (UAVs) is quite less, that is why it is still advisable to use airplanes or satellites for mapping, spraying, and inspecting large farmland.
The US has been the front-runner in the field of the overall drone services market. From development to deployment, the US market is highly organized and competitive in comparison to the rest of the world. The US agriculture drone services market is expected to reach a valuation of US$ 273.3 million in 2023.
Though the agriculture industry does not contribute significantly to the overall US GDP, however, the spending of small and large-scale farmers is pretty high on agricultural drones. The US agriculture industry is highly technology-driven, and with drones being the latest acquisition, it is expected that the US agriculture drone services market to witness double-digit market growth during the forecast period and will become a multi-billion-dollar industry.
India is the only major economy of the world where the agriculture industry’s contribution to the total GDP is double-digit which is around ~15%. India also accounts for one of the largest agricultural workforces in the world. However, the majority of agricultural activities are performed manually, which gives an immense amount of opportunity for agriculture drone service companies to cater.
Given the importance of the agriculture industry in India, it is important for the people who are involved in agriculture to integrate technology into their day-to-day operations. With factors such as the rising Indian population along with the increasing demand for food products, it is not incorrect to say that the future of agricultural drones will be decided by the Indian market. India’s agriculture drone services market is expected to grow at a gigantic CAGR of 27.1% over the next 10 years.
The Indian agricultural drone services market is evolving at a fast pace, and the industry saw a few notable companies making a mark on the global level. A few of the notable Indian drone companies are Aarav Unmanned Systems, Skylark Drones, ideaForge, and Optimized Electrotech among others. These companies have been heavily funded by local and global investors for their R&D and business expansion.
Mapping & surveying is one of the most sought-after services among all the services provided by agriculture drone service companies. As these services have to be performed on time to time basis, resulting in higher demand from the end-users, leading to high-income generation for the service providers.
Mapping & surveying help the end-users in analyzing crop health, performing crop damage assessment, and farmland soil analysis among others. As these services can directly have an impact on the overall productivity of agriculture, it enjoys and highest demand among other agriculture drone services. The market players are investing huge amounts of money in developing specific drones to perform mapping and surveying services on bigger farmland so that they can serve better and improve their earnings.
Among all other services performed by agricultural drones, spraying and seeding witnessed the fastest growth over the forecast period. The rising complex environment has resulted in the uncertainty of the farmland produces. Farmers across the globe are using pesticides and other required chemicals to protect and increase their yield.
The income from spraying and seeding services by agricultural drones is expected to reach a valuation of US$ 196.8 million in 2023. The market is further expected to grow at a significantly high CAGR owing to multiple factors such as rising pressure on agriculture to produce more, costly and ineffective traditional methods, and lack of workforce.
The key market players associated with agriculture drone services are Aerial drone solution, AERIUM Analytics, Aeroview Services, Afridrones, Agri Spray Drones, Astral Aerial Solutions, DC Geomatics, DJM Aerial Solutions, Drone Ag, Dronegy, DroneHive, Dropcopter, LahakX, My Drone Services Inc., PrecisionHawk Services, Rantizo, Trimble Inc.
The global agriculture drone services market is still in its early stage and has been growing rapidly in the recent past. The industry is also witnessing multiple new startups coming to the market with new and advanced technology to capture the market share. The market players are getting funded heavily by private equity firms and institutional investors. The market has been buzzing with notable mergers and acquisitions also. A few of the notable M&A are mentioned below;
Fact.MR has provided detailed information about the providers of agriculture drone services positioned across regions, revenue growth, and service offering expansion, in the recently published report.
How the market is expected to perform during the forecast period?
During the forecast period of 2023 to 2033, the global agriculture drone services market is expected to grow at a CAGR of 22.5%.
Which country will witness the highest growth rate during the forecast period?
India is to become one of the most promising markets for agriculture drone services and is expected to grow at a CAGR of 27.1% over the next 10 years.
Which service type commands the largest demand?
Mapping & surveying services contribute 54% of the total revenue generated by the agriculture drone services market.
Which drone is mostly used in agricultural activities?
Multi-Rotor drones are mostly used in agricultural activities.
Which regions hold the largest market share?
In terms of market value, North America holds around 34% of the total agriculture drone services market.
Table 1: Global Market Value (US$ Mn) and Forecast By Region, 2018 to 2022
Table 2: Global Market Value (US$ Mn) and Forecast By Region, 2023 to 2033
Table 3: Global Market Value (US$ Mn) and Forecast By Drone Type, 2018 to 2022
Table 4: Global Market Value (US$ Mn) and Forecast By Drone Type, 2023 to 2033
Table 5: Global Market Value (US$ Mn) and Forecast By Service, 2018 to 2022
Table 6: Global Market Value (US$ Mn) and Forecast By Service, 2023 to 2033
Table 7: North America Market Value (US$ Mn) and Forecast By Country, 2018 to 2022
Table 8: North America Market Value (US$ Mn) and Forecast By Country, 2023 to 2033
Table 9: North America Market Value (US$ Mn) and Forecast By Drone Type, 2018 to 2022
Table 10: North America Market Value (US$ Mn) and Forecast By Drone Type, 2023 to 2033
Table 11: North America Market Value (US$ Mn) and Forecast By Service, 2018 to 2022
Table 12: North America Market Value (US$ Mn) and Forecast By Service, 2023 to 2033
Table 13: Latin America Market Value (US$ Mn) and Forecast By Country, 2018 to 2022
Table 14: Latin America Market Value (US$ Mn) and Forecast By Country, 2023 to 2033
Table 15: Latin America Market Value (US$ Mn) and Forecast By Drone Type, 2018 to 2022
Table 16: Latin America Market Value (US$ Mn) and Forecast By Drone Type, 2023 to 2033
Table 17: Latin America Market Value (US$ Mn) and Forecast By Service, 2018 to 2022
Table 18: Latin America Market Value (US$ Mn) and Forecast By Service, 2023 to 2033
Table 19: Europe Market Value (US$ Mn) and Forecast By Country, 2018 to 2022
Table 20: Europe Market Value (US$ Mn) and Forecast By Country, 2023 to 2033
Table 21: Europe Market Value (US$ Mn) and Forecast By Drone Type, 2018 to 2022
Table 22: Europe Market Value (US$ Mn) and Forecast By Drone Type, 2023 to 2033
Table 23: Europe Market Value (US$ Mn) and Forecast By Service, 2018 to 2022
Table 24: Europe Market Value (US$ Mn) and Forecast By Service, 2023 to 2033
Table 25: East Asia Market Value (US$ Mn) and Forecast By Country, 2018 to 2022
Table 26: East Asia Market Value (US$ Mn) and Forecast By Country, 2023 to 2033
Table 27: East Asia Market Value (US$ Mn) and Forecast By Drone Type, 2018 to 2022
Table 28: East Asia Market Value (US$ Mn) and Forecast By Drone Type, 2023 to 2033
Table 29: East Asia Market Value (US$ Mn) and Forecast By Service, 2018 to 2022
Table 30: East Asia Market Value (US$ Mn) and Forecast By Service, 2023 to 2033
Table 31: South Asia & Oceania Market Value (US$ Mn) and Forecast By Country, 2018 to 2022
Table 32: South Asia & Oceania Market Value (US$ Mn) and Forecast By Country, 2023 to 2033
Table 33: South Asia & Oceania Market Value (US$ Mn) and Forecast By Drone Type, 2018 to 2022
Table 34: South Asia & Oceania Market Value (US$ Mn) and Forecast By Drone Type, 2023 to 2033
Table 35: South Asia & Oceania Market Value (US$ Mn) and Forecast By Service, 2018 to 2022
Table 36: South Asia & Oceania Market Value (US$ Mn) and Forecast By Service, 2023 to 2033
Table 37: Middle East & Africa Market Value (US$ Mn) and Forecast By Country, 2018 to 2022
Table 38: Middle East & Africa Market Value (US$ Mn) and Forecast By Country, 2023 to 2033
Table 39: Middle East & Africa Market Value (US$ Mn) and Forecast By Drone Type, 2018 to 2022
Table 40: Middle East & Africa Market Value (US$ Mn) and Forecast By Drone Type, 2023 to 2033
Table 41: Middle East & Africa Market Value (US$ Mn) and Forecast By Service, 2018 to 2022
Table 42: Middle East & Africa Market Value (US$ Mn) and Forecast By Service, 2023 to 2033
Figure 1: Global Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 2: Global Market Absolute $ Opportunity (US$ Mn), 2023 to 2033
Figure 3: Global Market Value (US$ Mn) By Region, 2023 & 2033
Figure 4: Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 5: Global Market Value (US$ Mn) By Drone Type, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Rate By Drone Type, 2023 to 2033
Figure 7: Global Market Value (US$ Mn) By Service, 2023 & 2033
Figure 8: Global Market Y-o-Y Growth Rate By Service, 2023 to 2033
Figure 9: North America Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 10: North America Market Absolute $ Opportunity (US$ Mn), 2023 to 2033
Figure 11: North America Market Value (US$ Mn) By Country, 2023 & 2033
Figure 12: North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 13: North America Market Value (US$ Mn) By Drone Type, 2023 & 2033
Figure 14: North America Market Y-o-Y Growth Rate By Drone Type, 2023 to 2033
Figure 15: North America Market Value (US$ Mn) By Service, 2023 & 2033
Figure 16: North America Market Y-o-Y Growth Rate By Service, 2023 to 2033
Figure 17: North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 18: North America Market Attractiveness Analysis By Drone Type, 2023 to 2033
Figure 19: North America Market Attractiveness Analysis By Service, 2023 to 2033
Figure 20: Latin America Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 21: Latin America Market Absolute $ Opportunity (US$ Mn), 2023 to 2033
Figure 22: Latin America Market Value (US$ Mn) By Country, 2023 & 2033
Figure 23: Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 24: Latin America Market Value (US$ Mn) By Drone Type, 2023 & 2033
Figure 25: Latin America Market Y-o-Y Growth Rate By Drone Type, 2023 to 2033
Figure 26: Latin America Market Value (US$ Mn) By Service, 2023 & 2033
Figure 27: Latin America Market Y-o-Y Growth Rate By Service, 2023 to 2033
Figure 28: Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 29: Latin America Market Attractiveness Analysis By Drone Type, 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis By Service, 2023 to 2033
Figure 31: Europe Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 32: Europe Market Absolute $ Opportunity (US$ Mn), 2023 to 2033
Figure 33: Europe Market Value (US$ Mn) By Country, 2023 & 2033
Figure 34: Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 35: Europe Market Value (US$ Mn) By Drone Type, 2023 & 2033
Figure 36: Europe Market Y-o-Y Growth Rate By Drone Type, 2023 to 2033
Figure 37: Europe Market Value (US$ Mn) By Service, 2023 & 2033
Figure 38: Europe Market Y-o-Y Growth Rate By Service, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis By Drone Type, 2023 to 2033
Figure 41: Europe Market Attractiveness Analysis By Service, 2023 to 2033
Figure 42: East Asia Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 43: East Asia Market Absolute $ Opportunity (US$ Mn), 2023 to 2033
Figure 44: East Asia Market Value (US$ Mn) By Country, 2023 & 2033
Figure 45: East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 46: East Asia Market Value (US$ Mn) By Drone Type, 2023 & 2033
Figure 47: East Asia Market Y-o-Y Growth Rate By Drone Type, 2023 to 2033
Figure 48: East Asia Market Value (US$ Mn) By Service, 2023 & 2033
Figure 49: East Asia Market Y-o-Y Growth Rate By Service, 2023 to 2033
Figure 50: East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 51: East Asia Market Attractiveness Analysis By Drone Type, 2023 to 2033
Figure 52: East Asia Market Attractiveness Analysis By Service, 2023 to 2033
Figure 53: South Asia & Oceania Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 54: South Asia & Oceania Market Absolute $ Opportunity (US$ Mn), 2023 to 2033
Figure 55: South Asia & Oceania Market Value (US$ Mn) By Country, 2023 & 2033
Figure 56: South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 57: South Asia & Oceania Market Value (US$ Mn) By Drone Type, 2023 & 2033
Figure 58: South Asia & Oceania Market Y-o-Y Growth Rate By Drone Type, 2023 to 2033
Figure 59: South Asia & Oceania Market Value (US$ Mn) By Service, 2023 & 2033
Figure 60: South Asia & Oceania Market Y-o-Y Growth Rate By Service, 2023 to 2033
Figure 61: South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 62: South Asia & Oceania Market Attractiveness Analysis By Drone Type, 2023 to 2033
Figure 63: South Asia & Oceania Market Attractiveness Analysis By Service, 2023 to 2033
Figure 64: Middle East & Africa Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 65: Middle East & Africa Market Absolute $ Opportunity (US$ Mn), 2023 to 2033
Figure 66: Middle East & Africa Market Value (US$ Mn) By Country, 2023 & 2033
Figure 67: Middle East & Africa Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 68: Middle East & Africa Market Value (US$ Mn) By Drone Type, 2023 & 2033
Figure 69: Middle East & Africa Market Y-o-Y Growth Rate By Drone Type, 2023 to 2033
Figure 70: Middle East & Africa Market Value (US$ Mn) By Service, 2023 & 2033
Figure 71: Middle East & Africa Market Y-o-Y Growth Rate By Service, 2023 to 2033
Figure 72: Middle East & Africa Market Attractiveness Analysis By Country, 2023 to 2033
Figure 73: Middle East & Africa Market Attractiveness Analysis By Drone Type, 2023 to 2033
Figure 74: Middle East & Africa Market Attractiveness Analysis By Service, 2023 to 2033
Agriculture Drone Services Market