The hybrid agriculture drone is expected to portray the highest growth over the forecast period
The market share of Hybrid drones is expected to be highest by 2022. The drones takes snapshot of
different sectors of field that provides crucial and important data regarding crop, soil and yields in
order to assist in crop management. Agriculture drones are emerging as a lucrative sector due to its
small size, low cost and easy use.
The UAV-based start-ups are booming due to its application in wide areas. The start-ups are focusing
on providing hardware and software and services that will cover about 80% of market. The
Universities, technical institute and different organizations are organizing various programs to
provide guidance for operating UAV’s, which is expected to propel market. Government regulation
and lack of trained pilot in some regions may act as barrier to market growth.
The market, based on products is fragmented into rotary blade, fixed wing and hybrid. The emerging
need to carry heavy payloads will help fixed wing UAVs to dominate the industry over forecast period.
The capability of hybrid UAV’s such as covering long distance will help them to grow with a CAGR of
40% from 2016 to 2024. Compared to manned aircraft, the UAV’s are capable to monitor field areas
with ease which will have positive impact on market growth.
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The crop scouting application is projected to witness a significant growth over the projected period
The Application segment is divided onto Variable rate application, field mapping, crop scouting and
others. In 2015, among these, the filed mapping segment dominated the business in terms of revenue.
Farmers striving hard to increase productivity of crops by making use of advance technology is
expected to drive field mapping Segment.
The drones are capable of spray fertilizers accurately without causing any problem can act as
important factor in growth of Crop scouting segment in next seven years. In addition the development
of Normalized Difference vegetation Index (NDVI) is expected to help crop scouting to contribute
more in market. NVDI makes use of near-infrared sensor that is use to capture data that cannot be
captured by human eye.