North America Agriculture Drone Market is expected to reach USD XX Billion by 2026 from USD XX Billion in 2018 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
Agricultural drones are specific drones that are applied to farming for monitoring crop growth and increase crop production. Advanced sensors along with digital imaging capabilities allow farmers to use these drones for getting a richer picture of their crop fields. Information gathered from this equipment proves useful while improving crop yields as well as farm efficiency. It is the rise in the advent of newer technologies for improving crop production along with the growth of new measures for protecting crops that have boosted overall growth of North America.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis
The North America market for agriculture drones has been segmented on the basis of design, components, application, and geography. Based on design, the market has been divided into software and hardware. Considering the revenue, it is hardware that held the largest market share. Drone as a technology has huge growth potential and has been quite in demand owing to its utilities. The hardware part or device components are assembled together to form the main machine which is quite expensive. This has further led the hardware segment to hold the largest market share followed by software segment. Considering the components segment, market for agriculture drone has been divided into the frame, controller system, battery, propulsion system, the imaging system, and navigation system among others. The controller and navigation system are the most important components that can be attributed to its utility while flying a drone along with the technological dependency for monitoring these systems. Field mapping, variable rate application (VRA), crop spraying, livestock monitoring, and agriculture photography among others have formed various application areas based on which the market has been segmented. Investments are being made by the government to boost the agriculture sector where new and innovative technologies are encompassed for boosting growth. The crop-spraying has been vast as it reduces both cost and time whereas field mapping it used for monitoring field activities.
Geographically, it is US and Canada that held the market share for North America agriculture drone market. Growing development across the agriculture sector for boosting crop production has resulted in the higher application of drones. The growing application of drones for monitoring field stocks has also proven beneficial for the agriculture sector.