USD 2.06 Billion
Report ID:
SQMIG45K2121 |
Region:
Global |
Published Date: January, 2025
Pages:
192
|Tables:
118
|Figures:
71
Global Agricultural Drones Market size was valued at USD 2.06 Billion in 2023 and is poised to grow from USD 2.75 Billion in 2024 to USD 16.39 billion by 2032, growing at a CAGR of 25% in the forecast period (2025-2032).
Growing adoption of precision agriculture practices and rising popularity of drones are expected to bolster the sales of agricultural drones over the coming years. Rapidly increasing demand for food products on the back of expanding global population is also estimated to favor the global agricultural drones market growth. High investments in the R&D of novel drone technologies and rising awareness regarding the benefits of agricultural drones are also slated to offer new business scope for agricultural drone providers in the future. Launch of subsidies and incentives by governments to promote the use of agricultural drones is also expected to play in the hands of agricultural drone companies in the long run. Surging costs of labor and the shortage of skilled labor are also estimated to promote the sales of agricultural drones over the coming years. The development of autonomous drones and use of multispectral imaging sensors are emerging as the top trends in this global agricultural drones market analysis. On the contrary, short battery life of drones, dearth of skilled operators, regulatory hurdles and airspace restrictions, and high initial investments are slated to be key restraints for agricultural drone providers across the study period and beyond.
Market snapshot - (2025-2032)
Global Market Size
USD 2.06 Billion
Largest Segment
Rotary Wing
Fastest Growth
Fixed Wing
Growth Rate
25% CAGR
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The global agricultural drones market is segmented on the type, component, application, farming environment, and region. By type, the market is segmented into fixed wing and rotary wing. By component, the market is segmented into hardware, software, and services. By application, the market is segmented into crop management, field mapping, crop spraying, livestock monitoring, variable rate application (VRA), and others. By farming environment, the market is segmented into indoor farming and outdoor farming. By region, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Outdoor farming is forecasted to account for the largest share of the global agricultural drones industry going forward. Traditionally, farming has always been an outdoor activity except for some exceptions of modern times. The vast number of outdoor farms and the majority of farmers practicing farming in outdoor settings are helping this segment maintain its dominance across the study period and beyond. Drones provide ease in looking after vast outdoor farms that are becoming increasingly difficult to manage with the shortage of skilled labor. Adoption of precision agriculture practices and use of technology in outdoor farms are expected to further cement the high share of this segment in the long run.
Meanwhile, the use of agricultural drones in indoor farms is slated to rise at a noteworthy pace over the coming years. Surging number of indoor farms and rising popularity of indoor farming owing to lack of arable land are expected to boost sales of agricultural drones via this segment. Establishment of new indoor farms in urban and densely populated areas to bring production closer to consumers and provide fresh produce are also slated to create new opportunities for companies via this segment. High demand for automation of these indoor farms to maximize productivity is also slated to promote the adoption of agricultural drones going forward.
Rotary wing drones are projected to account for a substantial chunk of the global agricultural drones market share in the future. High versatility of rotary wing drones and their ability to cover a large piece of land are expected to bolster the dominance of this segment over the coming years. Crop monitoring, spraying fertilizers, and sowing seeds are some of the most common agricultural uses of rotary wing agricultural drones going forward. The ability to vertically take off and land, of rotary wing drones is also a key factor that is slated to help this segment bring in the most revenue of all other types of drones through 2032 and beyond.
Meanwhile, the demand for fixed wing drones is slated to rise at an impressive pace over the coming years. Longer flight times and excellent performance in windy conditions are helping boost the popularity of fixed wing agricultural drones around the world. Crop monitoring is a key application for which fixed wing drones are used in farming. Estimation of harvest times and assessing crop density are also key tasks achieved by the use of fixed wing agricultural drones. These types of drones are usually suited for large farms spread across an extensive area thereby making them attractive for large farmers rather than small farmers.
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North America is expected to earn the top spot in terms of the global agricultural drones market size going forward. Surging adoption of remote sensing technologies in farming, high adoption of smart and precision agriculture practices, and presence of leading drone suppliers are helping this region hold sway over others. Increasing efforts of farmers to reduce the environmental impact of farming and maximize their yields are also projected to boost sales of agricultural drones in the North American region going forward. Canada and the United States are anticipated to be the leading revenue generators for agricultural drone suppliers operating in this region through 2032.
Meanwhile, the demand for agricultural drones in the Asia Pacific is slated to rise at an exceptional CAGR in the future. China and India are amongst the leading agricultural producers in this region, which is why the demand for agricultural drones is slated to be highest in these countries. Launch of supportive government initiatives and incentives to promote the use of precision agriculture technologies in the Asia Pacific region also provide lucrative new opportunities for market players. Growing emphasis on sustainability and efforts to improve agricultural yield are also predicted to boost the sales of agricultural drones in the long run.
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High Adoption of Precision Agriculture Practices
Advancements in Drone Technologies
Regulatory Hurdles and Airspace Limitations
Limited Battery Life and Range
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Agricultural drone companies should focus on launching new products with advanced capabilities to maximize their sales potential. Agricultural drone providers should also invest in integration of artificial intelligence and R&D of novel sensor technologies. Creating custom sensors for industry-specific applications can also help agricultural drone vendors enhance their business scope in the long run.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising adoption of precision agriculture practices and advancements in drone technologies are projected to drive agricultural drones market development in the future. On the contrary, limited battery life and regulatory hurdles are expected to impede the sales of agricultural drones across the study period and beyond. The North American region is forecasted to spearhead agricultural drone demand owing to the presence of leading drone providers and the high adoption of advanced technologies in farming. The development of autonomous drones and the integration of multispectral sensors are expected to present new opportunities for agricultural drone suppliers in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.06 Billion |
Market size value in 2032 | USD 16.39 billion |
Growth Rate | 25% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Agricultural Drones Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Agricultural Drones Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Agricultural Drones Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Agricultural Drones Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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