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AGRICULTURAL DRONES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Agricultural Drones Market, By Type (Fixed Wing, Rotary Wing, Hybrid), By Component (Hardware and Software), By Application (Field Mapping & Monitoring, Crop Spraying, Crop Scouting, Variable Rate Application, Livestock Monitoring, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published In : May 2024
  • Code : CMI6946
  • Pages :167
  • Formats :
      Excel and PDF
  • Industry : Smart Technologies

Regional Analysis

Agricultural Drones Market Regional Insights

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North America has established itself as the dominant force in the global agricultural drones market owing 44.5% in 2024. Home to the largest drone manufacturers like DJI and Intel, the U.S. accounts for over 40% of the total market size. With over 2.2 million farms, robust demand comes from large-scale corporate farming, which relies heavily on precision agriculture technologies for increased productivity and yields. Early regulation and legalization of commercial drone flights gave the region a head start. Ongoing R&D investments and a highly skilled workforce have ensured that North American companies set global standards in drone technologies. The region also hosts major agricultural trade shows that facilitate adoption. Exports of high-end drones to European and Asian markets have further augmented regional revenues.

Argentina has emerged as the fastest growing market for agricultural drones in South America. With over 33 million hectares dedicated to farming, the sector accounts for 10% of the national GDP. Corn and soybean plantations spanning thousands of hectares necessitate enhanced monitoring over large areas. Additionally, cattle ranches spread across remote regions require drones for livestock health checks. Lack of sufficient farm labor and recent droughts have accelerated the need for productivity enhancements using advanced tools. Compared to developed markets, agricultural drones are attractively priced for local farmers and available through a developing distribution network. The government has also promoted precision farming technologies under agricultural modernization programs. Export revenues from soy and beef further boost investments in agricultural technologies. This has attributed to Argentina recording a five-fold increase in domestic drone sales over the past three years.

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