The global agricultural drones market is anticipated to grow at a robust compound annual growth rate of 30.2 percent from 2017 to 2024, according to Research Nester. With revenue around $300.5 million in 2016, the global market of agricultural drones is expected to reach a valuation of about $3.7 billion by the end of the forecast period.
The primary driver for this grown is the increasing awareness and need for precision agriculture. Drones help with crop monitoring, especially large swatch of arable land. Additionally, drones can help with crop scouting, field mapping and seed, fertilizer and pesticide spraying.
Apart from this, technological advancements with drones are in progress to improve battery durability, efficiency and control. Key players include AeroVironment Inc., DJI Innovation, Israel Aerospace Industries, PrecisionHawk, Parrot SA, Trimble Navigation Ltd., MicroDrones GmBh, 3D Robotics, Aibotix, DragonflyInnovations, Coptercam and Cyberhawk Innovation Ltd.