The agriculture drones market is projected to reach USD 17.9 billion by 2028, with a forecasted CAGR of 31.5% from 2023 to 2028. This growth is primarily driven by the increasing demand for efficiency, sustainability, and profitability in modern agriculture practices.
Agriculture drones are transforming crop management by providing real-time data and valuable insights. They capture high-resolution imaging data, enabling farmers to make informed decisions about crop health, soil conditions, and other essential parameters. With precision spraying and targeted interventions, these drones minimize resource wastage, reduce environmental impact, and maximize crop yields. Integrating drones with smart farming systems further enhances their effectiveness and utility.
Within the component segment, controller systems are expected to hold the largest market share in 2023. Controller systems play a crucial role in drone operation and control, acting as the bridge between the operator and the drone. These systems are evolving to support autonomous capabilities, reducing the need for manual control and improving operational efficiency.
Livestock monitoring is anticipated to dominate the agriculture drone market in 2023. Drones offer cost-effective methods for tracking animal movement, behavior, and health over extensive areas, leading to reduced labor and costs. Real-time data collection optimizes grazing management and enhances animal welfare. Livestock monitoring with drones aids in detecting distress or potential threats, ultimately enhancing animal safety.
Major players in the agriculture drone market include DJI (China), PrecisionHawk (US), Trimble Inc. (US), Parrot (France), Bayer CropScience AG (Germany), and others, showcasing the global reach and diversity of the industry.
