Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
INFINIUM GLOBAL RESEARCH
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
INTRODUCTION REPORT DESCRIPTION As per the report the global agricultural drones market was worth USD 525.6 million in 2015 and it reached USD 4898.051 million in 2023. The global market is expected to grow at a CAGR of32.7% over the forecast period of 2017 – 2023. To increase the crop production and growth the agricultural drones are used, there are advance sensor and digital imaging capabilities that helps farmer to gather a good picture of their fields. This report estimates the market size of agricultural drones in terms of value (USD Million) over the period of 2015 to 2023. The year 2016are considered to be base years, and 2017 to 2023 is considered to be a forecast period. The market sizes for agricultural drones by applicationand by regions are estimated in terms of value. This market research study provides detailed qualitative and quantitative analyses of the global agricultural drones market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of agricultural drones. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market size and forecasts are also given for these regions. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of agricultural drones market. Moreover, the study highlights current market trends and provides forecast from 2015 to 2023. We also have highlighted future trends in the global agricultural drones market that will impact the demand during the forecast period. The IGRGrowth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
2
|
Š Infinium Global Research
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
AGRICULTURAL DRONES MARKET SEGMENTATION The report on Global Agricultural Drones Marketcovers segment such as type, component, and applications. The type segments include software, and hardware. On the basis of component the global agricultural drones market is categorized into frame, camera system, controller system, battery, propulsion system, and navigation system. Furthermore on the basis of application the global agricultural drones market is categorized into variable rate application (VRA), crop scouting, livestock, field mapping, and agriculture photography. RESEARCH METHODOLOGY METHODOLOGY Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the agricultural drones market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. RESEARCH METHODOLOGY: AN OUTLINE
Primary Research
Secondary research
3
|
• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars
• Secondary sources of the information and data include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others
© Infinium Global Research
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives. Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases such as WTO, OECD, Hoovers, Factiva, and Worldbank, among others. • Websites and publications by research agencies • The National Chemical Database Service • ICSC databases.
4
|
© Infinium Global Research
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESEARCH APPROACHES The study on global agricultural drones market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD Million. The research also covers the analysis of the various segments in the global agricultural Drones market. The estimates in the global agricultural drones market are based on both bottom-up and top-down approaches.
RESEARCH APPROACHES- BOTTOM UP • Accumulation of the country level market size (sales value) • Regional market size of agricultural drones and its applications
• Segment revenue of the key players • Country level market by applications (sales value)
• Identifying key players in the agricultural drones market
• Accumulation of the regional/country market size (sales value) • Global market size of applications
In the bottom-up approach the revenues of the key players are determined and added to arrive at the country or regional market size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of agricultural drones market. For More Details Get Free Few Sample Pages of this Premium Report: https://www.infiniumglobalresearch.com/reports/sample-request/10 5
|
© Infinium Global Research
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESEARCH APPROACHES- TOP-DOWN
• Global market size of agricultural drones market • sales value for 2015 to 2016 Global market
• % breakdown by market segments by applications of agricultural drones • sales value for 2015 and 2016 Market Segments
Top- Down Approach • Regional market size of the agricultural drones market (sales value) • Regional market size of applications in terms of value Determine the regional market size
• Country level market size of the agricultural drones market in every region (sales value) • Country level market size of applications in every region Country Level market sizing
In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia Pacific, Latin America, and RoW. IGR- RESEARCH METHOD AND DATA TRIANGULATION
SECONDARY SOURCES.
PRIMARY SOURCES
of
• Government Agencies’ Publications
end-use
•C-level executives in the leading manufacturing companies of agricultural drones •Product managers •Sales managers •Industry consultants •Distributors/Suppliers
• Industry news ‘
Infinium’s Data bank/Know how
• Data sources
• Others
• Annual Reports • Presentations • Company Websites
• Press Releases • News Articles • Journals
Primary Research
Secondary Research
• Paid Databases
Data Triangulation and Information Sources
6
|
© Infinium Global Research
Company Publications .
SUPPLY SIDE
•Top executives industries •Intermediaries
General. Publications
DEMAND SIDE
• Industry Publications
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The market size of agricultural drones is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the agricultural drones market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market.The primary interviews not only help identify the market size of the agricultural drones market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the agricultural drones market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of agricultural drones. With the help of primary interviews and secondary research the market size of agricultural drones is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of agricultural drones in the world market. EXECUTIVE SUMMARY GLOBAL AGRICULTURAL DRONES MARKET HIGHLIGHTS, (USD MILLION) The global agricultural drones market was worth USD 525.6 million in 2016 and it is projected to reach USD 4898.051 million in 2023, expanding at a CAGR of 32.7% between 2017 and 2023.Agriculture drones are used to take the photographs of the crops to identify the problem areas. Agriculture drones are smaller and cheaper drones that have highly efficient and advanced sensors and imaging capabilities. Moreover, the agriculture drones technology is based on internet of things (IoT) which helps improve agriculture yield and reduce crop damage. Agriculture drones are used to take the photographs of the crops to identify the problem areas. The IoT uses sensors to supplement images of the agriculture field from above which in turn helps using the analytics to understand the changes in the crops. Furthermore, usage of digital means has brought significant change to manual farming which was one of the bigger challenges for the large farmers.The global agricultural drones market is driven by the factors such as applications of technology in agriculture, cost-effectiveness and high efficiency of drones, and, significant drop in manual labour in agriculture.
7
|
Š Infinium Global Research
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Some of the key players in the global agricultural drones market are Yamaha Motor Corporation (Precision Agriculture), DJI, GoPro, BlueSKy, Aeryon Labs, Aero Vironment, AgEgle, Airware, Boening, and China Aerospace. GLOBAL AGRICULTURAL DRONES MARKET PROJECTION, 2015 – 2023 (USD MILLION)
2015
2016
2017
2018
2019
2020
2021
2022
2023
Value
Agricultural Dronesmarket is expected to experience significant growth globally. The global market for agricultural drones is expected to grow at a CAGR 32.7% over the period of 2017 to 2023, emerging markets are expected to impact the growth rate over the forecast period. GLOBAL AGRICULTURAL DRONES MARKET CAGR GROWTH BY REGIONS
x.x
x.x %
%
x.x
%
North America Latin America
x.x %
Europe Asia
8
|
© Infinium Global Research
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Emerging markets of Asia-Pacific, Middle East and Latin America regions are expected to drive the growth in the world market. The Asia-Pacific region is expected to grow at a CAGR of x.x% over the forecast period, followed by Latin America and RoW regions growing at CAGRs x.x% and x.x% respectively over the period of 2017 – 2023. MARKET OVERVIEW AND COMPETITIVENESS DRO ANALYSIS DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global agricultural drones market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the agricultural drones market. Drivers refer to the factors that are expected to drive or boost the market size or demand for agricultural drones. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of agricultural drones market both in short run and long run. IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and application segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky 9
|
© Infinium Global Research
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size. IGR- GROWTH MATRIX ANALYSIS Growth Rate
Consolidation zone
Opportunity zone High
Low Risky zone
Retention zone Market Size High
Low
North America
Europe
Asia-Pacific
Latin America
RoW
GLOBAL AGRICULTURAL DRONES MARKET BY APPLICATIONS, 2015 – 2023, GROWTH TRENDS (USD MILLION)
10
|
© Infinium Global Research
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
2017
2018
2019
2020
2021
2022
2023
2024
2025
value
GLOBAL AGRICULTURAL DRONES MARKET BY APPLICATION, MARKET SHARE 2016 - 2023 (%) 2023
2017
value1
value2
value3
value4
value1
value2
value3
value4
GET 15% DISCOUNT ON THIS PREMIUM REPORT: HTTPS://WWW.INFINIUMGLOBALRESEARCH.COM/REPORTS/REQUESTDISCOUNT/10
11
|
© Infinium Global Research
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL SPRAYINGMARKET BY REGION, 2015 – 2023, GROWTH TRENDS (USD MILLION)
2015
2016
2017
2018
2019
North America
Europe
2020 APAC
2021
2022
2023
RoW
BROWSE DETAILED DESCRIPTION, TOC AND KEY PLAYERS MENTIONED IN THIS REPORT @ HTTPS://WWW.INFINIUMGLOBALRESEARCH.COM/ICTSEMICONDUCTOR/AGRICULTURAL-DRONES-MARKET COMPANY PROFILES OVERVIEW YAMAHA MOTOR CORPORATION (PRECISION AGRICULTURE): CONTACT INFO
Yamaha Motor Corporation (Precision Agriculture) Contact details Key Features Address: No. of Employees: Tele: No. of countries of operation: Fax: No. of SBUs/Subsidiaries: website
12
|
© Infinium Global Research
Agricultural Drones Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
YAMAHA MOTOR CORPORA TION (PRECISION AGRI CULTURE): FINANCIAL INFO YTD Revenue Comparison revenue
Revenue by regions
YoY Growth in Revenue
162
3.35%
160
3.30%
158 156
12.5% 31.5%
3.25%
154
35.5%
3.20%
152
20.5%
150
3.15%
148
3.10%
146
Region 1
144 2013
2014
region3
region4
2015
YTD Revenue Breakdown by Segment
Key Highlights •
Region2
3.05%
Key Highlight 1: Sample text Sample text Sample text Sample text Sample text
•
Key Highlight 2: Sample text Sample text Sample text Sample text Sample text.
•
Key Highlight 3: Sample text Sample text, Sample text, Sample text, Sample text
12.5% 31.5%
35.5% 20.5%
Segment 1
Segment 2
Segment 3
Segment 4
YAMAHA MOTOR CORPORA TION (PRECISION AGRI CULTURE):SWO T ANALYSIS
STRENGTHS Sample Text, Sample Text, Sample Text
WEAKNESS Sample Text, Sample Text, Sample Text, Sample Text,
Sample Text Sample Text Sample Text
Sample Text, Sample Text, Sample Text, Sample Text
Sample Text Sample Text Sample Text
Sample Text Sample Text
OPPORTUNITIES Sample Text Sample Text Sample Text Sample Text
Sample Text Sample Text Sample Text Sample Text Sample Text Sample Text
13
|
S
W
O
T
THREATS Sample Text Sample Text Sample Text Sample Text Sample Text Sample Text Sample Text Sample Text Sample Text Sample Text
© Infinium Global Research