Press Release

Assessment of the Global Agriculture Drones Market

A recent study published by TMRR evaluates the overall prospects of the Agriculture Drones market during the forecast period (2019-2029). As per the findings of the report, the Agriculture Drones market is forecasted to grow at a CAGR of ~XX% over the assessment period and surpass the value of ~US$ XX by 2019. The report further ponders over the micro and macro-economic factors that are expected to nurture the growth of the Agriculture Drones market.

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Essential Findings of the Report

  • Data pertaining to the ongoing R&D activities relevant in the Agriculture Drones market
  • Future prospects of the Agriculture Drones market in various regional markets
  • Influence of technological advances on the growth of the Agriculture Drones market
  • Factors likely to boost or inhibit the growth of the Agriculture Drones market
  • Marketing, sales, and promotional strategies of prominent market players

Competition Landscape

The competition landscape chapter of the report offers a detailed assessment of the prominent players operating in the Agriculture Drones market. The market share, product range, pricing structure, revenue growth, and growth strategies of various companies are discussed in the report.

Regional Landscape

The regulatory and government policies relevant to the dynamics of the Agriculture Drones market in each regional market is included in the report. In addition, the overall scenario of the Agriculture Drones market in different geographies is thoroughly analyzed in the presented report.

End-User

A thorough analysis of the various end-users of the Agriculture Drones is provided in the report along with informative graphs and tables.

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Growth Drivers 

  • Increasing Awareness about Huge Benefits of Drones 

Prominent factors that would lead to the progress of agriculture drones market are need to better agricultural output, government support to make use of latest technologies in agriculture and improved awareness about precision farming. Drones are able to generate precise data, which can be useful for farmers to supervise crop health, diminish the effect of climate change, and effectively locate weed. The drones are also useful in uniform spraying of pesticide and crops for better yield.  

  • Advancement in Technology to Usher in Further Market Growth 

The growing numbers of low-cost, innovative, and technologically advanced products in the global agriculture drones market are also contributing towards lucrative growth prospects of the market. Speedy research and development activities in the stream of robotics in Asia Pacific is expected result in the promising development of the global agriculture drone market. 

Global Agriculture Drones Market: Regional Outlook 

On the basis of region, the global agriculture drones market has been divided into North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. North America is projected to occupy the lion’s share of the global agriculture drones market over the period of forecast. Such growth is due to the exemption from Federal Aviation Administration (FAA) under the part 107 rule, which leads to increased adoption of drones in the agricultural sector. 

The global agriculture drones market is segmented as:  

On the basis of offering

  • Hardware and Software
  • Services

On the basis of application

  • Precision Farming
  • Livestock Monitoring
  • Precision Fish Farming
  • Smart Greenhouse 

On the basis of components

  • Frames
  • Controller Systems
  • Propulsion Systems
  • Camera Systems
  • Navigation Systems
  • Batteries
  • Others

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Major Queries Addressed in the Report:

  1. How will the growth of the Agriculture Drones market unfold in region 1?
  2. Which market players are heavily investing in R&D activities?
  3. What is the most lucrative region for companies in the Agriculture Drones market?
  4. Which is the market share of region 1 and region 2?
  5. How are companies coping with the soaring prices of raw materials?

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