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Drone Spraying Services Market
Rising Adoption of Farm automation Is Set to Drive the Growth of the Drone Spraying Services market | Says Fact. MR
ROCKVILLE, MD, UNITED STATES, December 11, 2024 /EINPresswire / -- The global drone spraying services market will achieve a valuation of US$ 266.5 Million in 2024. During the forecast period of 2024-2034, demand for drone spraying services is expected to increase significantly at a CAGR of 24.7% and reach a market size of US$ 2,422.5 Million by the end of 2034.
Drone application services are widespread in industries such as agriculture and public administration. Consumers around the world are noticing both the growing agricultural sector and the transition toward automation, which is impacting the demand for drone application services. The growing awareness of drones for application and automation will accelerate market growth. Drones are also used to provide disinfection services for public spaces.
The global population is rising and creating demand for more food production, increasing the adoption of smart technology such as drones. Drones are a time-efficient and cost-efficient use of technology to assist the agriculture sector in expanding food production efficiently.
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Key Takeaways from the Market Study:
The global drone spraying services market is projected to grow at 7% CAGR and reach US$ 2,422.5 Mn by 2034
The market created an opportunity of US$ 110.9 Mn growing at a CAGR of 2% between 2019 to 2023
East Asia is a prominent region that is estimated to hold a market share of 5% in 2034
Water drone spraying services under the Application type are estimated to grow at a CAGR of 3% creating an absolute $ opportunity of US$ 362.2 Mn between 2024 and 2034.
North America and East Asia are expected to collectively create an absolute $ opportunity of US$ 1,256.6 Mn.
“The Increasing Demand for Disinfectant Spraying in Public Areas Is Driving the Growing Popularity and Adoption of Drone Spraying Services for Efficient and Widespread Coverage,” says a Fact analyst.
Leading Players Driving Innovation in the Drone Spraying Services Market:
DJI Agriculture; XAG; AeroVironment; Parrot Drones; DroneDeploy; Agri Spray Drones; American Robotics; Trimble Inc.; Rantizo; Skycision; Other Prominent Players
Market Growth Stratagems:
The drone spraying service is competitive from both experienced companies and new entrants. In addition, mergers and acquisitions and new service launches are effective methods for businesses to grow in their service offerings and market share. At the same time, improved drone technology is increasing productivity and contributing to higher demand for spraying services.
On September 13, 2024. DJM Aerial has released an ultimate guide on confined space drones, detailing their benefits in enhancing safety and efficiency for inspections and spraying services this spring. The guide addresses challenges such as navigation and regulatory compliance, emphasizing the transformative potential of drone technology in confined environments
On September 13, 2024. HSE-UAV, a leading provider of drone services, has formed a grassroots alliance with Agri Spray Drones, Bestway Ag, Drone Nerds, Pegasus Robotics, and Rantizo intends to support the continued use of essential agricultural technologies, including drone-based spraying services. The partnership aims to highlight the benefits of these technologies in enhancing efficiency, reducing environmental impact, and ensuring food security.
Drone Spraying Services Market News:
The Agras T50 and T25 drones, designed for consistent and dependable agricultural performance, were introduced by DJI on September 12, 2024. While the T25 is intended for 12 hectares of spraying efficiency per hour, the T50 can handle a 40 kilogramme spraying load. For accurate and effective crop treatment, both models include cutting-edge technologies like high-efficiency pumps and dual atomising spraying systems.
The world's first commercial drone security firewall, Dock Shield, was unveiled by DroneDeploy on May 21, 2024. It is intended to offer unparalleled protection for automated aerial data collecting utilising DJI Dock 1 and 2, guaranteeing data security and easy integration without affecting performance.
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More Valuable Insights on Offer:
Fact, in its new offering, presents an unbiased analysis of the drone spraying services market, presenting historical market data (2019-2023) and forecast statistics from 2024 to 2034.
The study reveals essential insights based on the By Application (Pesticides Spraying, Water Spraying, Insecticides Spraying, Others (not given elsewhere) By End-use Industry (Agriculture, Public Administration, Others (not given elsewhere)) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).
Check out More Related Studies Published by Fact:
The global spray drying equipment market accounts for a valuation of US$ 5.4 billion in 2023 and is extrapolated to secure a revenue of US$ 9.5 billion by 2033-end. This Fact research analysis predicts global demand for spray drying equipment to increase at 5.8% CAGR over the next ten years.
The global market for agricultural sprayers has reached a value of US$ 2.14 billion in 2023. Fact predicts the market to climb to a size of US$ 3.84 billion by 2033, expanding at a CAGR of 6% over the next ten years.
About Us:
Fact is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.
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