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United States Agricultural Drone Industry

New Study Reports “Agricultural Drone Market 2020 US Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.

United States Agriculture Drone market was valued at US$ 72.10 million in 2018 and is anticipated to reach US$ 144.8 million by 2025 displaying explosive CAGR of 9.96% over the forecast period (2019-2025). With the rapid technological breakthrough, farmers are opting for agricultural drones to enhance their agricultural productivity. Being one of the newest and efficient tools in agriculture, they assist the farmers in a wide range of tasks from analyzing, 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 are expected to allow large and small operations to aid in effective farming practices. For instance, in 2016, US investments in agricultural drones and robotic technology amounted to US$ 389 million and approximately 40 companies raised funds. Investors such as Monsanto, Syngenta and Mitsui have backed various emerging start-ups for improving, harvesting, crop spraying and irrigation. The rising trend of implementation of UAVs for enhanced productivity and increasing awareness of precision agriculture for crop scouting and field mapping is expected to drive the adoption of drone in agriculture sector in the US. US has the highest adoption rate of aerial agriculture drones. It has been primarily adopted for crop dusting efficiency over large fields and precision agriculture and farm management. Labor shortages in the country, reduced input requirements and high yield efficiency coupled with various other incentives have been catalyzing factors influencing the growth of agriculture drones in the United States.

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“Fixed Wing Drone is expected to dominate the US agriculture drone market during the analyzed period.”
Based on drone type, the report segments the US agricultural drone market into fixed-wing drones, multi-rotor drones and hybrid drones. Fixed-wing Agriculture drones hold the maximum market (47.2% share) and are expected to keep its dominating over the forecast period as they provide exact information and ensure the effective monitoring of the agriculture field. Fixed-wing agriculture drones are considered to be the best choice to monitor the field hence, they occupy the lead share in the market.

“Crop spraying as an agriculture drone application dominates the market in 2018 and is expected to dominate the market during the analyzed period.”

Based on application, the market is segmented into field mapping, soil monitoring, agriculture photography, crop spraying, crop monitoring. Crop spraying generated revenue of US$ 19.45 million in 2018. The segment is expected to dominate the US agriculture drone market during the analyzed period as the devices installed to support the farmers by measuring the distances with extreme precision. Application of crop sprayer results in a massive reduction in overall spray and much lower chemical level reaching the groundwater. With the usage of agriculture drones, the farmers can complete spraying jobs about 5 times faster than traditional methods. Crop Monitoring segments are expected to witness highest rate of adoption of drones in the US in coming years.

“Mid-West the largest crop-growing region dominated the adoption of drone in the US agriculture sector in 2018”
For a better understanding of the overall adoption of the agriculture drone in the US, detailed regional level analysis was conducted including North East, Midwest, South and West regions. Among all these regions, the Mid-West region is expected to witness considerable growth over the analyzed period due to increasing technological advancement and infrastructural development in the region.

Competitive Landscape-Top 10 Market Players
Some of the major players operating in the US agricultural drone market include Aero Vironment Inc, Trimble Inc, AgEagle Aerial Systems, Inc., Precision Hawk, Senetra, Drone Deploy, Deveron, DJI, Intel, and John Deere Company. These companies are entering into partnership or investing in R&D to come up with innovative products for the agricultural sector. US agricultural drone market also witnessed emergence of various start-ups in recent past.

Reasons to buy:
• The study includes market sizing and forecasting analysis validated until 2025. The analysis presented in the report is a combination of deep-dive secondary research and input from Key Opinion Leader of the industry
• The report presents a quick review of overall industry performance at one glance
• The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies and recent developments
• Detailed examination of drivers, restraints, key trends and opportunities prevailing in the industry.
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis
• The study comprehensively covers the market across different segments and sub-segments
• Deep dive regional level analysis of the industry such as North, Mid-West, South and West
• The study also covers the comprehensive region-wise analysis in the United States

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 Some points from table of content:

15.1 AeroVironment Inc 122
15.1.1 Key Facts 122
15.1.2 Business Description 122
15.1.3 Key Product/Services Offerings 123
15.1.4 Growth Strategy 124
15.1.5 SWOT Analysis 124
15.1.6 Key Financials 125 Revenue Split by Region and Segment 126 Financial Overview of AeroVironment Inc 126
15.1.7 Recent Developments 126 Product Launches 126 AeroVironment Inc Partnerships (Strategic Alliance) 127 Business Expansions 128 Mergers& Acquisitions 128
15.2 Trimble Inc. 129
15.2.1 Key Facts 129
15.2.2 Business Description 129
15.2.3 List of Trimble Companies 130
15.2.4 Key Product/Services Offerings 131
15.2.5 Growth Strategy 132
15.2.6 SWOT Analysis 132
15.2.7 Key Financials 133 Revenue Split 134 Financial Overview of Trimble Inc 134
15.2.8 Recent Developments 135 Product Launch 135 Partnership (Strategic Alliance) 135
15.3 Deere and Company 136
15.3.1 Key Facts 136
15.3.2 Business Description 136
15.3.3 Key Product/Services Offerings 137
15.3.4 Growth Strategy 138
15.3.5 SWOT Analysis 138
15.3.6 Key Financials 139 Revenue Split 140 Financial Overview of Deere & Company 140
15.3.7 Recent Developments 140 Product Launch 140 Business Expansion & Investments 141
15.4 AgEagle Aerial Systems, Inc 142
15.4.1 Key Facts 142
15.4.2 Business Description 142
15.4.3 Key Product/Services Offerings 143
15.4.4 Some other Offerings of the Company 143
15.4.5 Growth Strategy 144 Forward-Looking Growth Strategy of the company 144
15.4.6 SWOT Analysis 145
15.4.7 Key Financials 146 Revenue Split 147 Financial Overview of AgEagle Aerial Systems 147
15.4.8 Recent Developments 147 Product Launch 147 Business Expansions 147 Partnership (Strategic Alliance) 148 Merger & Acquisitions 148
15.5 Drone Deploy 149
15.5.1 Key Facts 149
15.5.2 Business Description 149
15.5.3 Key Product/Services Offerings 149 Product Lifecycle of Drone Deploy 150 Prime Markets Served by Drone Deploy 150 Application of Drones in Agriculture 151
15.5.4 Growth Strategy 152
15.5.5 SWOT Analysis 152
15.5.6 Recent Developments 153 Product Launch 153 Partnership (Strategic Alliance) 153 Business Expansions and Investments 154
15.6 DJI Technology Co Ltd 155
15.6.1 Key Facts 155
15.6.2 Business Description 155
15.6.3 Key Product/Services Offerings 156
15.6.4 DJI Growth Strategy 156
15.6.5 SWOT Analysis 157
15.6.6 Recent Developments 157 Product Launch 157 Partnerships (Strategic Alliance) 158 Business Expansion & Investments 159
15.7 Deveron UAS Corp 160
15.7.1 Key Facts 160
15.7.2 Business Description 160
15.7.3 Key Product/Services Offerings 160 Product and Service Category of the Company 161 Working Process of the Company 161
15.7.4 Key Financials 162 Revenue Split 163 Financial Overview of Deveron UAS Group 163
15.7.5 Recent Developments 164 Product Launch 164 Partnership (Strategic Alliance) 164 Business Expansions 164 Merger & Acquisitions 165
15.8 Intel Corporation 166
15.8.1 Key Facts 166
15.8.2 Business Description 166
15.8.3 Key Product/Services Offerings 167
15.8.4 Intel Corporation Growth Strategy 167
15.8.5 Intel Commitments 167
15.8.6 Milestones Achieved by Intel Corporation 168
15.8.7 SWOT Analysis 168
15.8.8 Key Financials 169 Revenue Split 170 Financial Overview of Intel Corporation 170
15.8.9 Recent Developments 170 Product Launches 170 Partnership (Strategic Alliance) 171
15.9 Precision Hawk 172
15.9.1 Key Facts 172
15.9.2 Business Description 172
15.9.3 Key Product/Services Offerings 172 Services & Solutions Offered 173
15.9.4 Investors List of Precision Hawk 173
15.9.5 Precision Hawk Growth Strategy 173
15.9.6 Milestones Achieved by Precision Hawk 174
15.9.7 SWOT Analysis 174
15.9.8 Recent Developments 175 Product Launches 175 Partnerships (Strategic Alliance) 175 Business Expansions & Investments 176 Merger& Acquisitions 176
15.10 Sentera 177
15.10.1 Key Facts 177
15.10.2 Business Description 177
15.10.3 Key Product/Services Offerings 177
15.10.4 Journey of Sentera 178
15.10.5 Sentera Key Capabilities 178
15.10.6 SWOT Analysis 179
15.10.7 Recent Developments 179 Product Launches 179 Partnership (Strategic Alliance) 180

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Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. We also provide COTS (Commercial off the Shelf) business sector reports as custom exploration agreeing your particular needs.

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Latest Market Analysis Research Report on “US Agricultural Drone Market 2020” has been added to Wise Guy Reports database.



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