Agriculture Drones Market Projected to reach $5.7 billion by 2025

The agriculture drones market is expected to grow USD 5.7 billion by 2025, at a CAGR of 35.9% during the forecast period. One of the key factors driving the growth of this market is the increase in venture funding for the development of agriculture drones.

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“Agriculture drones market for software and services offering to grow at higher CAGR during forecast period”

The agriculture drones market for software and services is predicted to have a higher compound annual growth rate (CAGR) during the forecast period. Pix4D, a Switzerland-based subsidiary of Parrot SA, offers Pix4Dmapper Mesh for DJI drones, a specialized version of its imaging software. This software is capable of measuring lines and surfaces, creating fly-through videos, and exporting 2D information in full 3D-textured mesh and video format.

Trimble Navigation is a key player in the agriculture drones market, offering software products and services for yield monitoring, water management, and farm survey. These services allow farmers to monitor their crops more effectively, improve their water management practices, and survey their land more efficiently.

“The camera systems are likely to account for the largest share of the agriculture drones market during forecast period”

According to market research, camera systems are expected to make up the largest share of the agriculture drones market during the forecast period. Various types of cameras, including multispectral, infrared (IR), thermal, LIDAR, and high-resolution cameras, can be mounted as payloads on drones to assist in yield monitoring.

Swiss-based senseFly offers the Sequoia, a multispectral sensor for agriculture drones capable of capturing images across four defined spectral bands (visible and non-visible) as well as RGB imagery in a single flight. PrecisionHawk, a leading market player based in the US, provides the Lancaster, a fixed-wing UAV equipped with an IR camera system designed for agricultural use. FLIR Systems, another US-based company, offers the FLIR Vue, a thermal camera that can be used as a payload on any agriculture drone for precision agriculture applications.

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“Agriculture drones market in North America to hold the largest share during forecast period”

The US, Canada, and Mexico are the major contributors to the market in North America, where agriculture drones are in high demand. The region focuses on environmental protection and planned use of natural resources. The governments in this region are actively focusing on tackling environment-related concerns such as water conservation and resource wastage. The presence of a large number of vendors, continuous advancements in technology, and reducing prices of equipment are contributing to the growth of the market in North America.

News also Covered: https://www.prnewswire.com/news-releases/agriculture-drones-market-worth-5-7-billion-by-2025--exclusive-report-by-marketsandmarkets-301115538.html

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