Agricultural Drones Market 2021: Impact of COVID-19 on Industry Size, Share, Growth, Revenue, Gross Margin, Progression Status, Recent Development by Top Company, Geographical Region, and Industry Segments till 2026

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In a recent published report, Kenneth Research has updated the Agricultural Drones Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Agricultural Drones Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017

Agriculture is considered as a prime area of potential growth in the drone industry because of the technology's ability to help survey crops and gather real-time information on farmland. Crop-spraying drones are suitable for all kinds of complex terrain, crops and plantations of varying heights. In addition, precise and accurate crop spraying ensures the best coverage and application of fertilizers or pesticides on lands. Agricultural drones are anticipated to account for a significant and ever-growing portion of the overall agricultural drones industry in the next decade. GMD predicts the global agricultural drones or UAVs market to grow phenomenally at 37.1% per annum by unit shipment, and 28.9% yearly on average by annual sales revenue generated from agricultural UAV hardware, drone software and servicing section over the next decade (2016-2025).
Global Agricultural Drones Market 2016-2025 by System Segment, Application, Product Type, and by Region examines the global agricultural drones market through a comprehensive research and profound analysis of premium information sources with inputs derived from industry professionals across the value chain. After reviewing global economic environments and global agricultural sector, this report provides a detailed analysis of market structure, market trends, market forces, and market segments. Qualitative market analyses include identification and investigation of market structure, market outlook, growth drivers, restraints and challenges, emerging market trends/opportunities, Porter's Fiver Forces, M&A landscape as well as fundraising trends.
The report quantifies global agricultural drones market from perspectives of UAV system segment, agri-drone application, rotor type, and region.
Based on UAV system segment, the global market is segmented into the following three sections:
• Drones Hardware (frame, controller system, propulsion system, sensors, cameras, etc.)
• Drones Software (imaging software, GPS, GIS, etc.)
• Service (cloud service, integration, engineering, and management)
By application field of agricultural drones, the following key segments of the market are studied:
• Crop Spraying
• Field Mapping
• Pest Control
• Seeding
• Livestock Management
• Others
On basis of rotor type or lifting technology, the global market is segmented into four sections:
• Fixed-Wing Drones
• Multi-Rotor Drones
• Single-Rotor Drones
• Hybrid-Rotor Drones

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Geographically, the following five regions are fully investigated:
• APAC
• Europe
• North America
• Latin America
• RoW
Global data is available for annual shipment and annual revenue generated from agricultural drones in each sub-market over the duration of 2014-2025. Specific analysis and forecast of annual shipment and sales revenue over 2014-2025 are performed for 14 important national markets including U.S., Japan, Germany, South Korea, Australia, China, and UK. North America is expected to maintain the largest regional market due to substantial R&D investment and higher penetration rate of UAVs over the next decade. Asia-Pacific region will witness the strongest growth owing to the untapped market and accelerating adoption of agricultural drones.
The report also includes current competitive scenario and the main agricultural drones on market, and profiles 32 agri-drone vendors including market leaders and important emerging players.
Highlighted with 6 tables and 82 figures, this 211-page report provides timely data and detailed analysis to help clients targeting the global market to identify business opportunities and execute an effective strategy.
Key Players:
3D Robotics (US)
AeroVironment, Inc. (US)
Aeryon Labs (Canada)
AgEagle Aerial Systems Inc. (US)
Agribotix LLC (US)
Airware, Inc. (US)
Ascending Technologies GmbH (Germany)
AutoCopter Corp. (U.S.)
Boeing (US)
Dajiang Innovation Technology Inc. (DJI) (China)
Delair-Tech (France)
Draganfly Innovations (Canada)
Dreamhammer, Inc. (US)
DroneDeploy (U.S.)
Eagle UAV Services (U.S.)
General Atomics Aeronautical Systems (US)
GoPro, Inc. (US)
HoneyComb Corporation (US)
Hubsan Technology Co., Ltd. (China)
HUVRData, LLC (US)
Israel Aerospace Industries (Israel )
Marcus UAV Inc (US)
Northrop Grumman Corporation (US)
Precision Drone (US)
PrecisionHawk (US)
Proxy Technologies (US)
Schiebel (Austria)
senseFly (Switzerland)
Skycatch Inc (US)
Trimble Navigation Ltd. (US)
URSULA Agriculture (U.K.)
Yamaha Motor Co., Ltd. (Japan)

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

The Market report answers the following questions:

What is the aim of the report?

• The market report presents the estimated market size of Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Playes
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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Rated as one of the best multi-client reselling agencies, Kenneth Research provides a single platform for insights on numerous industries for investors and companies who are willing to expand their business. The platform caters to industries that include Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation, and several others, and offers the best strategic business consultancy services at a global level.

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