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 .
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