Agricultural Drone Market Size Expected to Grow by 20.1% by 2032
Source: Dairynews.today
In 2022, the agricultural drone market reached a value of $7.9 billion. The market is projected to experience a compound annual growth rate (CAGR) of 20.1% from 2024 to 2032. This growth is primarily driven by the increasing adoption of precision farming techniques.
One of the key factors contributing to market growth is the influx of subsidies, grants, and a supportive regulatory framework that facilitates the use of drones in agriculture. Various governments are actively promoting awareness campaigns, training programs, and joint research initiatives, creating favorable conditions for the integration of drones into agricultural practices. For example, in India, through the Drone Didi Yojana program, the government plans to provide drones to 15,000 women's self-help groups in the 2024-2025 and 2025-2026 periods, making drone rentals more accessible for agricultural purposes.
Market Segmentation
By Product: In 2022, the agricultural drone software segment generated significant revenue and is expected to continue growing through 2032. Advanced software solutions enhance data analytics, enabling farmers to gain valuable insights for precision farming, including crop monitoring, yield forecasting, and field mapping. Integration with algorithms will further drive the adoption of software solutions.
By Application: The crop scouting segment is expected to see high demand through 2032. Agricultural drones provide farmers with aerial information on crop health, detect diseases and pest infestations, and monitor overall crop conditions. Growing awareness of the benefits of drones in crop scouting is driving increased demand for these technologies.
By Region: The Asia-Pacific region is expected to show steady growth from 2023 to 2032, driven by the widespread adoption of precision farming techniques in response to the growing need to increase crop yields. Government initiatives and a favorable regulatory environment are boosting investments in the region. Notably, in November 2023, Chinese company DJI introduced two new drone models for various agricultural applications, aimed at enhancing agricultural efficiency and productivity.
Market Segmentation
By Product: In 2022, the agricultural drone software segment generated significant revenue and is expected to continue growing through 2032. Advanced software solutions enhance data analytics, enabling farmers to gain valuable insights for precision farming, including crop monitoring, yield forecasting, and field mapping. Integration with algorithms will further drive the adoption of software solutions.
By Application: The crop scouting segment is expected to see high demand through 2032. Agricultural drones provide farmers with aerial information on crop health, detect diseases and pest infestations, and monitor overall crop conditions. Growing awareness of the benefits of drones in crop scouting is driving increased demand for these technologies.
By Region: The Asia-Pacific region is expected to show steady growth from 2023 to 2032, driven by the widespread adoption of precision farming techniques in response to the growing need to increase crop yields. Government initiatives and a favorable regulatory environment are boosting investments in the region. Notably, in November 2023, Chinese company DJI introduced two new drone models for various agricultural applications, aimed at enhancing agricultural efficiency and productivity.
