Drone Farming Market|Market Analysis|Aggregate Insights|Market Forecast to 2026
The global Drone Farming market expected to reach $XX billion by 2026, at a CAGR of over XX% during the forecast period 2019-2026.
(EMAILWIRE.COM, October 22, 2019 ) Market Overview:
Drone Farming is unleashing the new future for the agriculture industry. Pressure on global food supply owing to climate change all around the world is growing the market for drone farming.
An agricultural drone is an unmanned aerial vehicle applied to farming in order to help increase crop production and monitor crop growth. Sensors and digital imaging capabilities can give farmers a richer picture of their fields. This information may prove useful in improving crop yields and farm efficiency.
Market Dynamics:
The Drone Farming market growth is primarily driven by the rise in the pressure on global food supply owing to climate change and high rates of global population. ICT-driven tools and technologies to enhance decision making through accurate, reliable and timely information have an important role to play, which has increased the adoption of such technologies to increase the yield. The companies are making software for better decision making and increase yield for agriculture.
However, lack of awareness among people and the government regulation for the air traffic management for the commercial drones will hinder the growth of the Drone Farming market for the forecast period.
Market Segmentation:
By Type, the Drone Farming market is segmented into Single Rotor Drone, Multi-Rotor Drone, Fixed Wing Drone, and Others. Fixed-wing Drone has the dominant position in the Type segment and is expected to retain its dominance in the forecasted period due to they can fly high are used for mapping and the survey of the agriculture lands. However, multi-rotor drone is expected to grow with higher CAGR in the forecast period due to the high precision and also, they can take off and land vertically.
By Offering, the Drone Farming market is segmented into Software services and Hardware. Software Services has the dominant share in the Offering segment and is expected to retain its dominance in the forecast period. The rise in the collection is data form the fields are stored in databases to process and get the insights from the data.
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Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
North America holds the largest market share for Drone Farming Market. The growth is attributed to the exemption from the Federal Aviation Administration (FAA) under the part 107 rule, which is leading to high adoption of drones in agriculture.
Europe is after North America in terms of market share in the Drone Farming market, due to favorable regulations by the government. Asia-Pacific will be growing with the highest CAGR for drones farming in the next few years.
Competitive Analysis:
The major players include 3D Robotics, DJI, Precision Drones, Ageagle LLC, and Agribotix LLC. Other key players in the market include Honeycomb, Yamaha Motor Co Ltd, Delair Tech SAS, Trimble Navigation Ltd,
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About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Drone Farming is unleashing the new future for the agriculture industry. Pressure on global food supply owing to climate change all around the world is growing the market for drone farming.
An agricultural drone is an unmanned aerial vehicle applied to farming in order to help increase crop production and monitor crop growth. Sensors and digital imaging capabilities can give farmers a richer picture of their fields. This information may prove useful in improving crop yields and farm efficiency.
Market Dynamics:
The Drone Farming market growth is primarily driven by the rise in the pressure on global food supply owing to climate change and high rates of global population. ICT-driven tools and technologies to enhance decision making through accurate, reliable and timely information have an important role to play, which has increased the adoption of such technologies to increase the yield. The companies are making software for better decision making and increase yield for agriculture.
However, lack of awareness among people and the government regulation for the air traffic management for the commercial drones will hinder the growth of the Drone Farming market for the forecast period.
Market Segmentation:
By Type, the Drone Farming market is segmented into Single Rotor Drone, Multi-Rotor Drone, Fixed Wing Drone, and Others. Fixed-wing Drone has the dominant position in the Type segment and is expected to retain its dominance in the forecasted period due to they can fly high are used for mapping and the survey of the agriculture lands. However, multi-rotor drone is expected to grow with higher CAGR in the forecast period due to the high precision and also, they can take off and land vertically.
By Offering, the Drone Farming market is segmented into Software services and Hardware. Software Services has the dominant share in the Offering segment and is expected to retain its dominance in the forecast period. The rise in the collection is data form the fields are stored in databases to process and get the insights from the data.
Download free Report Sample: https://www.datamintelligence.com/download-sample/drone-farming-market
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
North America holds the largest market share for Drone Farming Market. The growth is attributed to the exemption from the Federal Aviation Administration (FAA) under the part 107 rule, which is leading to high adoption of drones in agriculture.
Europe is after North America in terms of market share in the Drone Farming market, due to favorable regulations by the government. Asia-Pacific will be growing with the highest CAGR for drones farming in the next few years.
Competitive Analysis:
The major players include 3D Robotics, DJI, Precision Drones, Ageagle LLC, and Agribotix LLC. Other key players in the market include Honeycomb, Yamaha Motor Co Ltd, Delair Tech SAS, Trimble Navigation Ltd,
Enquire about the report: https://www.datamintelligence.com/enquiry/drone-farming-market
View Full Report Sample: https://www.datamintelligence.com/research-report/drone-farming-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results