The study involved two major approaches in estimating the current size of the agriculture drones market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the market.
In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases were referred to identify and collect information.
Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
Extensive primary research was conducted after obtaining information regarding the agriculture drones market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, research, and development teams, and related key executives from distributors and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to agriculture drones payload capacities, farm size, component, offering type, technology type, farm produce, range, application, farming environment and region. Stakeholders from the demand side, such as farm associations, dealers, distributors, and government agencies, were interviewed to understand the demand side perspective on the suppliers, products, and their current usage of agriculture drones and the outlook of their business, which will affect the overall market.
Note: The three tiers of the companies are defined based on their total revenues in 2022 or 2023,
as per the availability of financial data: Tier 1: Revenue > USD 1 billion; Tier 2: USD 100 million = Revenue = USD
1 billion; Tier 3: Revenue < USD 100 million.
To know about the assumptions considered for the study, download the pdf brochure
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COMPANY NAME
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DESIGNATION
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Trimble Inc
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Regional Sales Manager
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Parrot Drone SAS
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Senior Vice President
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Yamaha Motor Co., Ltd.
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General Manager
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Ageagle Aerial Systems Inc
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Director of Business Development
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Dronedeploy
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Product Specialist
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XAG Co., Ltd.
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Product R&D
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the agriculture drones market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:
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The key players in the industry and the overall markets were identified through extensive secondary research.
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All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
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The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CXOs, directors, and marketing executives.
Agriculture Drones Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall agriculture drones market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Agriculture drones are UAVs used for agricultural applications, are used with camera and sensor technologies designed to enhance crop efficiency and farming productivity. Their applications include crop monitoring for real-time aerial photography whereby farmers can judge crop health and growth patterns as well as the entire condition of the field. Precision agriculture makes use of multispectral and hyperspectral imaging in drones to detect crop health, nutrient deficiencies, diseases, or infestations. In another respect, they can contribute to soil analysis, including moisture and composition data, which informs the irrigation and fertilization decisions. Drones are applied to create accurate farmland maps for planning sowing patterns and resource utilization, while some drones are equipped with spray systems that apply pesticides and fertilizers without waste and possible environmental destruction.
Stakeholders
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Supply side: Agriculture drones component manufacturers, drone technology providers, drone consultants & service providers, suppliers, and distributors
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Demand side: Farmers, agricultural cooperatives, and commercial agricultural enterprises seeking to maximize crop yields with real time monitoring.
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Regulatory side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
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Associations and industry bodies such as the United States Department of Agriculture (USDA), Food and Agriculture Organization (FAO), Federal Aviation Administration (FAA), European Union Aviation Safety Agency (EASA)
Report Objectives
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Determining and projecting the size of the agrilculture drones market based on payload capacity, farm size, component, offering type, technology type, farm produce, range, application, farming environment, and region from 2024 to 2029
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Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions
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Analyzing the demand-side factors based on the following:
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Impact of macro and microeconomic factors on the market
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Shifts in demand patterns across different subsegments and regions
This research report categorizes the agriculture drones market based on payload capacity, farm size, component, offering type, technology type, farm produce, range, application, farming environment, and region.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Product Analysis
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Product Matrix, which gives a detailed comparison of the product portfolio of each company.
Geographic Analysis as per Feasibility
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
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Further breakdown of the Rest of Europe agriculture drones market into key countries.
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Further breakdown of the Rest of Asia Pacific agriculture drones market into key countries.
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Further breakdown of the Rest of South America agriculture drones market into key countries.
Company Information
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Detailed analyses and profiling of additional market players (up to five)
LARGEST MARKET IN 2023
INDIA FASTEST GROWING MARKET IN THE REGION
Angst
May, 2018
Which players are dominating this market, and what are the strategies used by them to strengthen their position in this market..
Gustavo
Aug, 2019
I would like to know more about the agriculture drone market, mainly about it worldwide revenue and Brazil applications..
Chandranshu
May, 2019
Working on a project for client. Kindly share sample information for the study. If they like the segmentation and analysis, we have a high chance to purchase as well. Share your best price as well. .
Asmita
Jan, 2019
We are a start-up firm provides sensors for smart farming applications. I would like to understand the market dynamics, players and acquisitions in this area. .
Shizzan
May, 2019
Is the report involves the information about the use of drones, how it can be handle, how it help generate the rental revenue, what are the charges for the same. .
Sapna
May, 2019
Is the report provides in detail market sizing in India. What are the key application areas in this country. Is there any government initiatives taken by Indian government, mentioned in the report? Looking for the same.
Mickey
Aug, 2019
Looking for projections for the commercial drone industry, Currently seeking $350,000 to begin manufacturing a hybrid UAV ( fixed wing / Tilt Multirotor ).
Kevin
Feb, 2019
We are UAV surveying company having fixed wing, and hexa-drone systems with RGB/multi-spectral, thermal, and hyperspectral camera/sensors. We are exploring marketing over agriculture areas in the province of Ontario. So is it possible to schedule call to know more about this report study..
Selva
Mar, 2021
What is the EV/Revenue of this sector in 2020?.
Manawer
Dec, 2022
Exploring the drones technologies for Agricultural purposes..
Rebecca
Oct, 2019
Hello Could you tell me where I can find the data that shows Corteva as having the largest Agricultural Drone fleet in the World and comparable data to who is the 2nd and 3rd biggest? .
Anna
Sep, 2019
I need to know size of the market for drones used in agriculture. The information gained from the report will not be used for any other purpose than study..
Hector
Jun, 2016
Dear Sir, we would like to know more information about the drones used in agriculture to apply insecticide and pesticide application. .
Seunghee
May, 2020
Hello. Could you let me know the size of the agriculture drone market in the USA and Europe? And also the drone application proportion in agriculture. Thank you very much. .
Francesco
Feb, 2018
Who are the customers or end user for Agriculture Drones. How it will helpful for crop consultants, big multinational companies, or others.