agriculture drone companies
6 rotors plant protection UAV 16KGS agriculture sprayer
Agriculture spraying drone can replace the traditional pesticide sprayer and it's speed is 40times of the traditional sprayer. It will save 90% water and 30%-40% pesticide. Small droplet diameter make the pesticide more well-distribute and improve the effect. At the same time, it will make the people faraway from the pesticide and reduce the pesticide remain of the crop.
Technavio has published a new market research report on the global agricultural drones market from 2018-2022. (Graphic: Business Wire)
The introduction of new agricultural drones is a key trend, which is expected to impact the growth of the . Major vendors in the agricultural drone market are trying to improve their competitive advantage by introducing new products with better features and functionalities. This augurs well for the growth of the market during the forecast period.
In this report, Technavio researchers identify the rise in funding for UAV manufacturers as one of the key factors contributing to the global agricultural drones market:
Global agricultural drones market: Rise in funding for UAV manufacturers
The popularity of agricultural drone technology has increased among farmers owing to its various applications. Agricultural drones are mainly used in farming for crop scouting and field mapping. Investors, entrepreneurs, and farming businesses are now more focused on investing in such technologies.
According to a senior analyst at Technavio for agricultural equipment research , “The growing application of agricultural drones has increased investments for UAV-based startup companies that are trying to build software and hardware solutions for customers. agricultural drone manufacturers receive funding from many investors, which will boost R&D and lead to the development of new products. ”
Global agricultural drones market: Segmentation analysis
This market research report segments the global agricultural drones market by product (fixed wing, multi-rotor, and hybrid agricultural drones) and key regions (the Americas, APAC, and EMEA).
The fixed-wing segment held the largest share of the market in 2017, accounting for more than 43% of the market followed by the multi-rotor and hybrid segments. The hybrid segment is expected to witness the maximum increase in its market share during the forecast period while the fixed-wing segment will see a decline of close to 2% in its market share by 2022.
In 2017, the Americas held the largest share of the market accounting for over 58% of the total revenue, followed by EMEA and APAC. The market share of EMEA is expected to witness the maximum increase over the forecast period, while that of the Americas will decline.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
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