The Market size of the Asia Pacific Agricultural Drone Market in 2023 was USD approximately 900 million and this market is expected to grow at a CAGR of approximately 25% throughout the forecast of 2024-2032
Drones are one of the most developed robotics technology, that is being used in the agriculture sector. With the rapid technological breakthrough, farmers are opting for agricultural drones to enhance their agricultural productivity. Being one of the newest and most efficient tools in agriculture, they assist the farmers in a wide range of tasks from analyzing and planning to the actual planting of crops, and the subsequent monitoring of fields to ascertain the health and growth of crops. Furthermore, surging investments by established players along with the favorable government policies across the world are expected to allow large and small operations to aid in effective farming practices.
The rising population coupled with the growing need for food is leading to the growing demand for the agriculture drones for various reasons such as crop monitoring, field mapping, crop praying, etc., By 2030, Asia’s population is projected to be 250 million people larger and 65% of the world’s middle-class population will reside in Asia-Pacific. Asia-Pacific is a major component in the current global food chain, accounting for 19% of total global food and agriculture exports, and 31% of total food and agriculture imports.
According to UnivDatos Market research report “Asia-Pacific Agricultural Drone Market Analysis, 2020”, As per Singapore agro-food enterprises federation limited, Singapore’s total area measures only 724 square kilometers. The country imports 90% of its food supply for its 5.6 million residents. The growing government’s support and investment in the agri-tech industry are leading to the growth of the market in Singapore. The parliament approved the Unmanned Aircraft (Public Safety and Security) Bill in 2016, which aims to regulate the use of drones with a clear set of rules. Singapore grows less than 10% of its food due to limited land and other natural resources. Under the government’s initiatives to increase Singapore’s food security, a new US$30 million grant has been launched to ramp up the production of local farm produce.
Based on the drone type, the multi-rotor segment acquired the XX% market share and gathered USD XX Mn market in 2020. Multirotor drones are the perfect tool for gathering information from challenging vantage points, fast. Compared to traditional surveying methods, they capture comparable data in shorter timeframes, with greater flexibility, reduced planning requirements, and less risk to staff.
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Based on the application, the field mapping segment grabbed XX% market share and dominated the market in 2020. Field mapping constitutes to be an essential part of precision agriculture which is derived via agriculture drones. Growers or the farmers can view exact locations in the farm that demand action and can receive specific information about the location via field maps. As precision mapping or field mapping mainly consists of geo-referenced data, it also showcases information or characteristic of soil or the crop such as moisture levels, crop yield soil nutrients levels, and many more
China to Grab Lion’s Share, But Singapore to witness Explicit Growth
Based on the countries, China dominated the Asia-Pacific Agricultural Drone market in 2020. However, Singapore would witness a robust CAGR in the forthcoming years. As per Singapore agro-food enterprises federation limited, Singapore’s total area measures only 724 square kilometers. The country imports 90% of its food supply for its 5.6 million residents. The growing government’s support and investment in the agri-tech industry are leading to the growth of the market in Singapore, stated in UnivDatos Market research report “Asia-Pacific Agricultural Drone Market Analysis, 2020”.
According to UnivDatos Market, the key players with a considerable market share in the Asia-Pacific Agricultural Drone Market are DJI, Precision Hawk, Trimble Inc., Parrot Drones, 3DR, AeroVironment Inc., Yamaha Motor Corp., DroneDeploy, AgEagle Aerial Systems Inc., OPTiM Corp, etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.
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Asia-Pacific Agricultural Drone Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the Agricultural Drone Market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Market Segmentation:
By Drone Type (Fixed Wing, Multi—Rotor, Hybrid)
By Application (Field Mapping, Agricultural Photography, Crop Spraying, Crop Monitoring, Soil Monitoring, Others)
By Country (China, Japan, India, Australia, Singapore, Rest of APAC)
By Company (DJI, Precision Hawk, Trimble Inc, Parrot Drones, 3DR, AeroVironment, Inc., Yamaha Motor Corp., DroneDeploy, AgEagle Aerial Systems, Inc, OPTiM Corp)
Key questions answered in the study:
What are the current and future trends of the Asia-Pacific Agricultural Drone market industry?
How the industry has been evolving in terms of end-user demand and application areas?
How the competition has been shaping across the countries followed by their comparative factorial indexing?
What are the key growth drivers and challenges for the Agricultural What are the customer orientation, purchase behavior, and expectations from the Agricultural Drone market firms across various regions?
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