Global Agriculture Drone Market, is segmented on the basis of product type (Hardware and Software & Services), Hardware (Fixed Wing Drones, Rotary Blade Drones, Hybrid Drones), Software (Data Management Software, Imaging Software, Data Analytics Software, Others). On the basis of Component (Frames, Controller Systems, Propulsion Systems, Camera System, Navigation Systems, Global Positioning System (GPS), Geographic Information System (GIS), Batteries), By Application (Precision Agriculture, Livestock Monitoring, Precision Fish Farming, Smart Greenhouse), and by region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to gain traction over the forecast period between 2019 and 2027.

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As per the report, advancement in technology and increasing focus of farmer towards field mapping in easier way are some of the key factors which are expected to propel the growth of agriculture drone market around the globe. Presently, technology has shown its potential in every industry. Its helps to reduce the work load and increase the efficiency in he required process. Constant progress in technology is improving process and productivity in agriculture industry. Also, advancement in scientific chemistry, genetic research, robotics and other technologies are the main factors that drives the development of technology related to agriculture industry.

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Furthermore, Meridian Market Consultants (MMC), drone technology is giving a high-tech makeover mainly in the agriculture industry. Drone can be used in throughout the crop cycle like in soil and field analysis, planting, crop spraying, crop monitoring, irrigation, and crop health assessment. In planting process, drones helps to reduce the planting cost by 85%, which is very efficient for the farmers to get the better results in a very low cost. Also, rapid increase in population growth rate and increasing urbanization around the globe are some of the other factors which are expected to boost the demand for drones in agriculture sector. As per the report published in World Government Summit in 2018, it is expected that population will grow by 33% to almost 10billion by the year 2050, which is expected to drive the demand of food upto 50% as compared to the data collected in the year 2013. Moreover, urbanization stimulates betterment of infrastructure which also increase the demand of new technology to get better outcome from the available resources.  

MMC Study identifies some of the key participating players in Agriculture Drone market globally are DJI, PrecisionHawk, Trimble Inc., Parrot Drones, 3DR, AeroVironment, Inc., Yamaha Motor Corp., DroneDeploy, AgEagle Aerial Systems, Inc., OPTiM Corp., senseFLY, Pix4D, Agribotix, Sentera Inc., ATMOS UAV, Delair, Nileworks Inc. and etc.

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