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Agricultural Drone Market to Grow 20-fold in 10 Years, Experts Say

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Home AGROTECHNOLOGY dron

Agricultural Drone Market to Grow 20-fold in 10 Years, Experts Say

by Tatyana Ivanovich
July 2, 2023
in dron
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Agricultural Drone Market to Grow 20-fold in 10 Years, Experts Say

#AgriculturalDrones #MarketGrowth #PrecisionFarming #CropMonitoring #TechnologicalAdvancements #RussiaUnmannedAviation

Experts predict that the global agricultural drone market will experience a twenty-fold growth over the next decade, reaching $29.9 billion. Acumen Research and Consulting analysts estimate the market’s current value at $1.5 billion in 2022 and forecast further expansion by 2032.

The agricultural drone industry is poised for significant development, driven by the trend of farmers adopting more technologically advanced tools for precision spraying, fertilization, crop monitoring, and improved agricultural efficiency. Drones provide detailed information on crop conditions, moisture levels, and yield estimates, enabling farmers to manage their plantations more effectively and accurately. They are also used for mapping, soil analysis, and the application of pesticides and fertilizers, reducing waste and increasing crop productivity, as noted by Acumen Research and Consulting.

Key players in the agricultural drone manufacturing sector include DJI, Trimble Inc., Parrot SA, AeroVironment Inc., PrecisionHawk Inc., and Yamaha Motor Co. These companies focus on developing high-tech drones for various tasks such as crop monitoring, irrigation, and fertilization. The largest markets for agricultural drones are North America, Europe, and the Asia-Pacific region, with experts predicting the highest growth in the Asia-Pacific countries in the coming years.

Experts highlight that Russia is also embracing this trend. In February 2023, Russian President Vladimir Putin issued a directive to establish a national project for the development of unmanned aviation systems until 2030. According to First Deputy Prime Minister of Russia Andrey Belousov, the program will be approved by September 1st this year, and agricultural industry players have already become the first investors in Russian unmanned aerial systems. In the Krasnodar Krai region alone, agricultural businesses invested up to 1 billion rubles in the purchase of agricultural drones by 2022.

Tags: Agricultural DronesCrop Monitoringmarket growthprecision farmingRussia Unmanned Aviationtechnological advancements
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