ALBANY, New York, Feb. 26, 2018 (GLOBE NEWSWIRE) -- According to the report, the global agricultural drone market will expand at an exponential 21.35 CAGR from 2018 to 2026, rising to a valuation of US$1,932.6 mn by 2026.

The vendor landscape of the global agriculture drone market is expected to witness entrance of new players who are expected to bring advance technologies to the market, helping the market move ahead in the direction of maturity, observes Transparency Market Research in a recent report. Venture funding has already started picking pace in the field of agriculture technologies and big investors are becoming more willing to invest in start-ups with new solutions for precision farming. The trend of investment points at the promising growth potential that the market shall possess in the near future.

Manufacturers of agriculture drones are continuously innovating agri-drones in terms of the functionality to stay ahead of the intensifying competition. Companies are actively developing advanced product varieties such as quadcopter drones that can efficiently cater to farmer’s need. Moreover, leading players in agriculture drones market are collaborating with software providers and small vendors to bring easy-to-use and advanced drone packages. Some of the leading vendors in the market are Agribotix LLC, Delair Technologies Inc., Honeycomb Corporation, Precision Hawk, Drone AG, Ag Eagle Aerial Systems, Parrot SA, Aerovironment Inc., DJI Innovate, Yamaha Corporation, Sentera LLC., and Ideaforge India Private Ltd.

Get a PDF Sample for this Research Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40310

North America to Remain Highly Promising in Near Future

In 2016, a vast majority of the global revenue was held by the fixed-wing drone segment, followed by the multi-rotor drone variety. Deployment of hybrid drones is still limited to very large farms and is not expected to gain notable momentum in coming two to three years. This is largely owing to the fact that the overall agriculture drone market is still at nascent stage and farmers are still in the preliminary stages of receiving education about drone operations and their usability. Thus, unless farmers start completely acknowledging the vast capabilities and benefits of drones, hybrid drone are likely to find limited use in precision agriculture.

Geographically, North America dominated the agriculture drone market in 2016, and is expected to remain the dominant regional market over the report’s forecast period as well. In North America, the U.S is anticipated to drive the growth of agriculture drone market. The deployment of different type of drones is rising at a rapid pace in U.S. farms. Moreover, the country has also witnessed huge surge in drone manufacturers who are integrating analytics software with drones for better result.

View TOC: https://www.transparencymarketresearch.com/report-toc/40310

Rising Demand to Increase Agricultural Production in Emerging Economies to Compel Adoption of Agriculture Drones

The excellent growth prospects of the global agriculture drone market can be attributed to the growing demand for aerial spraying and the need to increase farm productivity across a number of regional markets. Demand for surplus farm productivity is especially pressing in emerging economies that depend on imports to support the food requirements of their population. Demand for drone technology is expected to increase in the coming years as countries across the globe become increasingly aware about the technology and are ready to adopt UAVs in farms for a number of applications.

The rising number of technologically advanced, innovative, and low-cost products in the market are also contributing to the promising growth prospects of the global agriculture drone market. In Asia Pacific, fast-paced research and development activities in the field of robotics will lead to the promising development of the agriculture drone market.

Purchase this Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=40310&ltype=S

This assessment of the global agriculture drone market is based on a recent market research report by Transparency Market Research, titled “Agriculture Drone Market (Type - Fixed-Wing, Multi-Rotor and Hybrid; Application - Spraying, Crop Scouting, Field Mapping, Variable Rate, and Crop Monitoring) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact Us

Mr. Atil Chaudhari
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/