Global Forestry and Agriculture Drones Market Size Analysis, 2018-2028
| REPORT ID: BKR731 | Domain: Automotive | Published Date: May 2018 |
Global Forestry and Agriculture Drones Market Size Analysis
Global Forestry and Agriculture Drones Market Size is estimated to be valued over USD 460 million in 2018 and will register a CAGR of above 37% to create high revenue opportunity during the forecast period.
The agriculture sector has always been at the forefront of business strategy for drone manufacturers and service providers. There is a very high business potential for manufacturers as drone adoption rate to carry out crop surveillance and protection is still below 1.3%. The industry registered impressive 55% cumulative growth between 2015 and 2017. It is expected to carry out same growth momentum for another ten years.
Agriculture Drones Market Size and Outlook, 2018-2028
Forestry and Agriculture Drones Market is Highly Consolidated with DJI Accounting for 65% of Global Share
Increase in demand for agriculture drones has led to exponential production. The industry is consolidated with DJI accounting for over 65% of global revenue share in 2017. Various leading companies are offering large scale funding to manufacturers to scale their business operations. Recently, in August 2015, Intel invested US$ 60 million in Chinese drone manufacturer Yuneec. As a result, competition has intensified in last two years.
Companies are Focusing on Strategic Partnership to strengthen their Business Presence in Agriculture Drones Market
Companies are focusing on building strategic partnership beyond national and international barriers to boost technological innovation and create brand reputation worldwide. For instance, DJI has their business alliances in Germany, UK, U.S., India and other parts of world. They have their business relations across value chain ranging from system development to service providers and sales and marketing campaign providers.
The trend is quite similar for most of the engaged companies in agricultural drones market. Strategic partnership will help companies to lower their operational cost and adopt the local marketing channel to enhance their return on investment (ROI).
New Entrants to Emerge in Forestry and Agriculture Drones Market
Adoption of these drones is increasing at a very high rate. Various players are emerging in the market to capture a major chunk of the market, though, at a regional level. These companies are getting funded by investors in order to boost their scalability. For instance, recently, Micasense raised US$ 2 million from Parrot to expand its production capacity in Seattle, U.S.
Other than China and U.S. based players, Japanese companies are also foraying in the market. Japanese companies are setting up their production facilities in Guangdong province of China to ensure long term profit sustainability. Furthermore, technical institutions are providing courses to help startup frame the right business model.
Global Forestry and Agriculture Drones Market Value Analysis, By Product Type
By product type, fixed wing based drones will dominate the global Forestry and Agriculture Drones market throughout the forecast period. Collectively, hardware will dominate the global share accounting for over 68% of global share in 2017.
Higher demand for fixed wing drones is attributed to the fact that they have ability to cover higher acreage area. In addition, they are cost-effective and carry heavy payloads.
Global Forestry and Agriculture Drones Market Size Analysis, By Application
While field mapping will continue to dominate the global agriculture drones market share, crop scouting will register fastest growth during the forecast period. Favorable government policies will help in undertaking drones for these applications on large scale. Recently, in June 2016, the Department of Transportation’s Federal Aviation Administration came up with guidelines for drone operation. The rules eliminate the requirement of pilot’s license for operation. Also, technological advancement will led to lowering in prices of drones – making it affordable for farmers in longer term.
Increase in population has led to global burden on meeting food supply. There will be over 8 billion people by end of 2030. Limited land resource will led to higher emphasis on technological adoption to boost agricultural yield. As such, conventional farming will be replaced with smart farming model. There will be large scale adoption of drones to not only analyze the farm but also help in other activities related to crop scouting.
Global Forestry and Agriculture Drones Market Size and Forecast: Regional Analysis
Currently, North America holds the largest market share. However, will lose market share to Asia Pacific agriculture drones market by 2022 owing to increased demand in China and India. Asia Pacific is expected to account for 68% of global share by 2025. China alone will account for 60% of regional share in 2025.
Asia Pacific holds higher market potential and addressable market. As per the estimates, less than 1.3% of total potential has been capitalized by agriculture dronea market. This will increase upto 1.9% by 2028 – creating very lucrative market opportunity for industry players in the region. Government support will play a key role in overall sales of these drones. For instance, Henan and Hubei province of China are encouraging companies to implement agricultural drones by training assistance to local farmers. Similar such initiative is seen in other parts of developing regions.
China will play a major catalytic growth to overall drones demand. It is the home to world’s top 11 venture capitalist funded drone companies.
Global Forestry and Agriculture Drones Market Size and Forecast: Competition Landscape
Some of the key Forestry and Agriculture Drones market industry players are 3D Robotics Inc., DJI, AeroVironment, Inc., Trimble Navigation Ltd., and DroneDeploy.
The industry is set to register impressive growth during the forecast period. However, there are few challenges that need to be addressed. Currently, drones are highly successful for operations with farmland area less than 15-20 ha. Furthermore, nearly 57% of US farmers are close to retiring age. There is lesser appetite for system upgrades. Companies need to look forward to various geopolitical and economic scenario in order to boost their sales revenue.
Technological advancement will play a major role in overall sales. The industry is highly lucrative. As such, various leading companies are foraying in the market. For instance, In 2014, Google acquired Titan Aerospace, a startup that builds solar powered drones. Similar such developments will be visible in coming years.
Industry Segmentation
By Product Type:
- Fixed Wing Drones
- Rotary Blade Drones
- Hybrid Drones
- Nano-type Drones
By Application:
- Field Mapping
- Crop Scouting
- Variable Rate Application
- Others
What Will You Discover in the Report?
- An in-depth analysis of the Forestry and Agriculture Drones market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Forestry and Agriculture Drones market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Forestry and Agriculture Drones market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Forestry and Agriculture Drones industry during the forecast period
- Who are the Forestry and Agriculture Drones industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Forestry and Agriculture Drones Industry Suppliers
- Forestry and Agriculture Drones Industry Manufacturers
- Consultants and Analysts
- Researchers
- Industry Specialists
Analyst access with Bekryl Market Analysts
Purchasing of Forestry and Agriculture Drones market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.
Gain industry insights on commercial drones market: https://bekryl.com/industry-trends/commercial-drones-market-size-analysis
Forestry and Agriculture Drones Market Size TOC
- Report Structure
- Research Methodology
- Market Engineering Factors Weightage
- Market Share Methodology
- Executive Summary
- Key Findings
- Market Engineering Factors
- Industry Expert Perspectives
- Market Definitions
- The Global Forestry and Agriculture Drones Market Value
- Overall Market Forecast
- Forestry and Agriculture Drones Growth Outlook, By Segments
- Forestry and Agriculture Drones Growth Scenario, by Region
- The Forestry and Agriculture Drones Industry Ecosystem
- Parent Market Overview
- Industry Value Chain and Distribution Analysis
- Growth Factor Analysis
- Key Industry Players By Region
- The Forestry and Agriculture Drones Industry Dynamics
- Drivers
- Challenges
- Opportunities
- Mega Trends
- Geographical Trends
- Industry Experts Views
- Merger Acquisition
- Regulatory Compliances, By Selected Countries
- Key Industry Developments
- The Forestry and Agriculture Drones Market Pricing Analysis
- Forestry and Agriculture Drones Product Pricing Forecast
- Pricing Analysis By Region
- Pricing Trends
- Global Forestry and Agriculture Drones Industry Value and Forecast
- Introduction
- Industry Initiatives
- Industry Predictive Analysis
- Forestry and Agriculture Drones Industry Segment Comparative Ranking Analysis
- Key Companies Involved and Initiatives
- Global Industry Opportunity Proposition Analysis
- Market Share Analysis, (%)
- Global Forestry and Agriculture Drones Market Size and Forecast, (2017-2027)
- Market Value Forecast (US$ Million)
- Growth Analysis (Y-o-Y) and Forecast
- Global Forestry and Agriculture Drones Industry Size and Forecast, By Segments
By Product Type:
- Fixed Wing Drones
- Rotary Blade Drones
- Hybrid Drones
- Nano-type Drones
By Application:
- Field Mapping
- Crop Scouting
- Variable Rate Application
- Others
- North America Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis
- North America Forestry and Agriculture Drones Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- North America Forestry and Agriculture Drones Market, By Segments (As mentioned in section 10 of TOC)
- S. Forestry and Agriculture Drones Market Size and Forecast, By Segments
- Canada Forestry and Agriculture Drones Market Size and Forecast, By Segments
- Latin America Forestry and Agriculture Drones Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Latin America (South America) Forestry and Agriculture Drones Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Latin America Forestry and Agriculture Drones Market, By Segments (As mentioned in section 10 of TOC)
- Brazil Forestry and Agriculture Drones Market Size and Forecast, By Segments
- Argentina
- Mexico
- Rest of Latin America
(Forestry and Agriculture Drones industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Western Europe Forestry and Agriculture Drones Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Western Europe Forestry and Agriculture Drones Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Western Europe Forestry and Agriculture Drones Market, By Segments (As mentioned in section 10 of TOC)
- Germany Forestry and Agriculture Drones Market Size and Forecast, By Segments
- UK
- France
- Spain
- Italy
- NORDIC
- Switzerland
- Rest of Western Europe
(Forestry and Agriculture Drones industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Central and Eastern Europe (CEE) Forestry and Agriculture Drones Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Central and Eastern Europe Forestry and Agriculture Drones Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Central and Eastern Europe Forestry and Agriculture Drones Market, By Segments (As mentioned in section 10 of Forestry and Agriculture Drones Market TOC)
- Russia Forestry and Agriculture Drones Market Size and Forecast, By Segments
- Poland
- Ukraine
- Rest of CEE
(Forestry and Agriculture Drones industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Asia Pacific Forestry and Agriculture Drones Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Asia Pacific Countries
- Asia Pacific Forestry and Agriculture Drones Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Asia Pacific Forestry and Agriculture Drones Market, By Segments (As mentioned in section 10 of TOC)
- Japan Forestry and Agriculture Drones Market Size and Forecast, By Segments
- China
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
(Forestry and Agriculture Drones industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Middle East Forestry and Agriculture Drones Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Middle East Countries
- Middle East Forestry and Agriculture Drones Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Middle East Forestry and Agriculture Drones Market, By Segments (As mentioned in section 10 of TOC)
- GCC Forestry and Agriculture Drones Market Size and Forecast, By Segments
- Israel
- Rest of Middle East
(Forestry and Agriculture Drones industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Africa Forestry and Agriculture Drones Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Africa Countries
- Market Share Analysis, (%)
- Africa Forestry and Agriculture Drones Industry Size and Forecast, (2017-2027)
- Africa Forestry and Agriculture Drones Industry Share (%)
- Africa Forestry and Agriculture Drones Industry Growth Forecast (%)
- South Africa Forestry and Agriculture Drones Market Size and Forecast, By Segments
- Algeria
- Nigeria
(Forestry and Agriculture Drones industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Forestry and Agriculture Drones Market Competitive Landscape
- Competition Dashboard
- Funding and Investment
- Company Market Positioning
- Marketing Mix Strategies
- Product Level Strategies
- Go-to-Market Strategies
- SWOT Analysis
- Key Developments, By Companies
- Company Profiles*
- 3D Robotics Inc.,
- DJI,
- AeroVironment, Inc.,
- Trimble Navigation Ltd.,
- DroneDeploy
- Analyst Opinion
- Summary and Conclusion
- For more Information, Bekryl can help
*(SWOT, Key Developments, and Strategies are based on individual companies)
To access the detailed Forestry and Agriculture Drones industry TOC and sample research pages, download sample.
Forestry and Agriculture Drones Market Report Structure
Forestry and Agriculture Drones Industry Dynamics
This section enables Forestry and Agriculture Drones industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Forestry and Agriculture Drones market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Forestry and Agriculture Drones industry trends and keep industry leaders abreast of latest happenings.
This section includes:
- Market Drivers
- Market Challenges
- Forestry and Agriculture Drones Industry Trends
- Forestry and Agriculture Drones Value Chain Analysis
- Marketing Opportunities
- Regulatory Aspects
- Forestry and Agriculture Drones Industry Experts Market Opinion
Industry Analysis, By Segments
Industry stakeholders receive detailed analysis of the Forestry and Agriculture Drones industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.
Each segment has research framework, essential to understand the market scenario in near future.
Each segment includes:
- Market Size and Forecast
- Annual Growth Rate Analysis (AGR)
- Key Trends, By segments
- Key Industry Developments
- Investment Proposition Analysis
- Potential Addressable Market Analysis
- Growth Factor, By Segment Analysis
This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.
Competition Landscape
Keep abreast of key strategies of industry leaders and regional Forestry and Agriculture Drones industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.
This section include:
- Competition dashboard
- SWOT Analysis by Companies
- Go-to-market sales strategy
- Financial performances subject to listed companies
- Market Share Analysis
- Analyst Recommendation
Regional Market Analysis
Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Forestry and Agriculture Drones market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.
This section include:
- Market Size by Country and Region
- Market Opportunity, By Country and Region
- Regional Trends
- Growth Analysis and Forecast
Country Profiles
Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any
North America Forestry and Agriculture Drones Market Size
- S.
- Canada
Latin America Forestry and Agriculture Drones Market Size
- Brazil
- Mexico
- Argentina
- Rest of Latin America
(*Forestry and Agriculture Drones Market value analyzed across each Latin America country)
Western Europe Forestry and Agriculture Drones Market Size
- Germany
- UK
- France
- Switzerland
- Spain
- Italy
- NORDIC
- Rest of Western Europe
(*Forestry and Agriculture Drones Market value analyzed across each Western Europe country)
Central and Eastern Europe Forestry and Agriculture Drones Industry Analysis
- Russia
- Poland Meat
- Ukraine Meat
- Rest of Eastern Europe
(*Forestry and Agriculture Drones Market value analyzed across each Central and Eastern Europe country)
Asia Pacific Forestry and Agriculture Drones Industry Size
- China
- India
- Japan
- Australia
- South Korea
- ASEAN Meat
- Rest of Asia Pacific
(*Forestry and Agriculture Drones Market value analyzed across each Asia Pacific country)
Middle East Forestry and Agriculture Drones Industry Size
- GCC
- Israel
- Rest of Middle East
(*Forestry and Agriculture Drones Market value analyzed across each Middle East country)
Africa Forestry and Agriculture Drones Industry Size
- South Africa
- Algeria
- Nigeria
- Rest of Africa
Forestry and Agriculture Drones Market Research Methodology
Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.
Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.
Forestry and Agriculture Drones Market Growth Forecasting Methodology
In order to prepare historical data and analyze Forestry and Agriculture Drones market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Forestry and Agriculture Drones market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.
- Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
- The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.
With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Forestry and Agriculture Drones industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.
The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries. Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Forestry and Agriculture Drones industry growth is nearly 3.5X to 5.5X higher than the relative GDP.
Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.
- Base Factors Growth Analysis
- Price Variation Analysis
- Potential Consumer Mapping
Forestry and Agriculture Drones Industry Players: Competition Landscape Methodology
Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.
HOW WE ARE DIFFERENT
Growth Partnership
We work together with our clients to present strategic market research solutions that not only helps in understanding the net opportunity but also industry macroeconomic trends shaping the market. We extend our services to all types of industries ranging from inspiring startups to industry giants.
Tailored Solutions
We provide strategic solutions that help client meet their business needs. Our market research and consulting services includes wide range of organizations ranging from industries to educational and research institutes. Our well-equipped analytical team help client to explore digital platform for maximizing profits.
Industry Partnership
Bekryl Analysts track over 800 media channels and over 9000 market players to get the most blistering information on latest happening. It helps Bekryl to contribute consulting solutions that is proven and effective for clients.