US Agricultural Drone Market: Current Scenario and Forecast (2019-2025): Emphasis on Drone Type (Fixed-Wing, Multi-Rotor, Hybrid), Application (Field Mapping, Crop Spraying, Agricultural Photography, Crop Monitoring, Soil Monitoring) and Region (Mid-West, South, Northeast, West)
The United States Agriculture drone market is segmented based on drone type (fixed wing, multirotor and hybrid), application (field mapping, crop spraying, agricultural photography, crop monitoring, soil monitoring, weather tracking and forecasting and livestock monitoring) and are the major focus areas considered while analyzing and defining the penetration of agriculture drone technology in United States.
Under the drone type segment, in 2018, the fixed-wing drone dominated the United States agriculture drone market with a maximum share in terms of revenue. Based on estimation, the segment occupied 47.2% share. However, the strengthening agriculture attributed to surging big data and advantages offered by fixed-wing drones in agriculture domain is anticipated to register the CAGR of 6.85% over the forecast period (2019-2025). While hybrid drones are anticipated to register the highest CAGR of 17.99% over the period.
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Precision agriculture is one of the systematic approaches to farming. It is an integrated crop management system that purposes to match the amount and the kind of inputs required by the crop for small areas within a farm field. It is also known as satellite farming and site-specific crop management. The technology automates the agricultural cultivation and eliminates the need for manual efforts.
Various technologies in precision agriculture support the farmers in collecting precise information regarding planting, crop fertilizing and harvesting. In addition, uncertain and changing weather conditions accredited to surging global warming have led to the adoption of precision agriculture technology which also results in enhancing productivity and crop yield. Real-time monitoring and information sharing through mobile applications and smartphones along with growing preference for telematics technology are further expected to flourish the market potential across the globe in near future.
Considering one of the precision agriculture technology, agriculture drones have become a critical solution owing to the exponential increase in food demand, along with closer collaboration between governments, tech leaders, and industry. Drones can assist farmers in a range of tasks from analysis and planning, to the actual planting of crops, and the subsequent monitoring of fields to ascertain health and growth.
As farms become larger and more efficient to meet this escalating demand, drones have proved themselves as invaluable in precisely managing a farm’s vital operations. It has been estimated that approximately 27720 agriculture drones in United States were accounted in 2018 which are expected to reach 71400 agriculture drones by 2022 showcasing tremendous CAGR of 26.7% over the forecast period (2018-2022).
Obsolete traditional methods, the increasing shortage of food supply to cater to the ever-growing population has substantially catalyzed the market penetration of agriculture drones in United States. Considerable adoption of various smart devices in agriculture ranging from agricultural drones, robotics, sensors, GPS receivers to yield monitors has proliferated the industry growth over the recent years. Moreover, increasing investments by various established players along with numerous start-ups have remarkably scaled up the potential for the industry further leading to numerous farmers adopting such advanced technologies into their crop cultivation.
Moreover, in 2018, crop spraying application in agriculture drone held a prominent share of 27%, followed by field mapping. The crop spraying market in United States was evaluated at US$ 19.45 million in 2018 and is projected to witness astonishing CAGR of 10.40% during the forecast period. In addition, field mapping held 18.3% market share in the respective market on account of surging demand for precision agriculture over the years. Hence, the segment garnered revenue of US$ 13.23 million in 2018.
To conclude, agriculture drone technologies in the United States are being adopted by farmers at a very accelerating pace. It has been observed that the market size as well as adoption rates are reaching all-time highs at global scale and do not show any sign of slow down. Ranging from variable rate technologies to field monitoring, the advanced technology aims to offer end to end solutions in agriculture sector across the world. United States agriculture drone market-derived revenue of US$ 72.10 million in 2018 and is expected to fetch US$ 144.8 million by 2025 displaying reasonable CAGR of 9.96% over the forecast period (2019-2025).
Also, for better understanding of the overall adoption rate of agriculture drone technology in the United States market, detailed analysis has been done for different regions including Mid-West, North East, West and South Based on the estimation, Mid-West dominated the United States Agriculture drone market, accounting for revenue share of 62.9% in 2018. On account of strong government support to increase the agriculture production, availability of supporting infrastructure as well as gaining prominence of smart and precision farming methods have significantly fostered the regional market.
Moreover, more than 25,000 farmers using IoT in US paired with increased deployment of advanced agriculture solutions both in United States along with small farms steadily increasing investment in precision and smart farming methods to raise farm productivity have tremendously boosted United States Agriculture Drone Market.
Numerous companies have earmarked their presence in the United States agriculture drone market. With a continued focus on product expansions, investments, business expansion, product launches and collaborations. They continue to offer wide range of smart farm devices inclusive of agriculture drones that cater to farm needs and further result in enhanced crop productivity and optimum utilization of resources. With an objective to stimulate the overall adoption of agriculture drones across United States, these players have adopted various strategies to enhance the penetration of modern agriculture practices comprising of agriculture drones.
An influx of emerging players and intense competition has significantly fostered the growth of United States agriculture drone market. Some of the major players operating in the agriculture drone market of the country include AeroVironment Inc, Trimble Inc, AgEagle Aerial Systems, Inc., Precision Hawk, Senetra, Drone Deploy, Deveron, DJI, Intel, and John Deere Company among others.
United States agriculture drone market generated revenue of US$ 72.10 million in 2018. The technology is expected to grow at a CAGR of 9.96% during the forecast period to reach a market valuation of US$ 144.80 million by 2025. Mid-West dominated the United States agriculture drone market, accounting for a revenue share of 64.3% in 2018.
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