The size of the global agriculture drone industry is anticipated to reach USD 3,697.4 million by 2027, growing at a CAGR of 18.14% over that time. The potential of the sector will be greatly increased by the emergence of firms that are focused on creating unmanned aerial vehicles (UAVs) for agriculture.
It seems like technology has not only become inevitable but a necessity in every aspect of a business. ¬Technology has taken over in industries like health, manufacturing, e-commerce, among many others.
It has become a useful tool, and thanks to AI improvements, it has made business run efficiently. What is more, it improves business communications by staying connected globally for company matters. It also helps with resource management and operations, reducing errors. Due to numerous benefits, many enterprises have opted for automation due to advanced technology services.
Globally, the use of agricultural drones has increased farm productivity with outstanding results. Numerous firms have emerged in this industry, producing UAV solutions that address the various parts of farming operations, as a result of the attractive potential. For instance, the Swiss startup Gamaya is committed to increasing the productivity and scalability of small farms through the use of cutting-edge mapping and diagnostic technologies that help farmers effectively manage their fields. As another example, the UK-based company Drone Evolution tends to employ drones for the topographical survey of the farm land.
Global Food Demand is Exploding, Driving Industry
The anticipated levels of global demand for food and grains over the next few decades are the most important factor influencing the expansion of the agriculture drone sector. The UN predicts that by 2050, there will be 9.1 billion people on earth, with sub-Saharan Africa expected to have the highest population growth. The Food and Agriculture Organization (FAO) predicts that global food production would need to increase by 70%, and production in emerging nations will need to double from current levels, in order to fulfill the growing number of people’s food needs. This might require the agriculture industry to make use of advanced machinery like tractors and harvesters that can reduce the time and manpower to grow and harvest crops. Similarly, other types of equipment like cultivators and string trimmers (like the ones by Greenworks Commercial) can restrict the growth of weeds around crops. This in turn can enable the plants to grow at a steady rate. On that note, drones for agriculture can be a key component of government attempts to increase farm output. These UAVs provide farmers with several significant benefits.
Rapid Use of Advanced Drones in Agriculture to Fuel North American Industry Growth
North America is predicted to dominate the agriculture drone market share during the forecast period, with an industry size of USD 367.6 million in 2019. This is mostly due to the region’s farmers’ quick adoption of modern UAVs to boost agricultural output. This is supported by lawmakers in the area formulating favourable laws that allow the use of small UAVs and commercial drones for agricultural purposes. Farmers and farming businesses are, therefore, expected to grow significantly in the coming decade, and many of them have even started investing in cash flow software, management software, and other agri-tech innovations. Government investment in North American farming is expected to see a surge as well.
Due to the region’s heavy reliance on agriculture and the significant expenditures being made to modernise it, Asia Pacific is predicted to present this industry with enormous growth potential. The capacity of farmers in Europe to use drones
In Europe, the ability of farmers to utilize drone technology for better farm yields will augur well for the market.
Leading players should concentrate on seizing opportunities for innovation
Key organisations are putting all of their efforts into utilising the numerous prospects for innovation to diversify their portfolios and, in the process, solidify their place in the market. Moreover, companies are also exploring avenues to enter and expand into developing economies, in a bid to broaden their business horizons.
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