Agriculture Drone Market Worth $5.19 billion by 2025 - Exclusive Report by Meticulous Research

Nov 12, 2019 at 08:51 AM CST
London, Nov. 12, 2019 (GLOBE NEWSWIRE) -- According to a new market research report titled, “Agriculture Drone Market by Product (Hardware (Rotary Blade, Fixed Wing, Hybrid), Software), Application (Precision Agriculture, Livestock Monitoring, Smart Greenhouse, Irrigation, Precision Fish Farming), and Geography –Global Forecast to 2025”, the global agriculture drone market is expected to grow at a CAGR of 31.1% from 2019 to reach $5.19 billion by 2025. Practical applications for UAVs (unmanned aerial vehicles) or drones have progressed significantly in the recent years as the technology has improved in tandem with a fall in its cost. Interest from both consumers and business in drones is growing, with new applications being developed rapidly for use across many industries including agriculture – one of the primary sectors expected to see sharp uptake of drone technology in the near future. The growth in agriculture drone market is mainly attributed to the growing global population and rising pressure on the global food supply, rising venture funding for the development of agriculture drones, growing e-agriculture or information and communication technologies (ICTs) in agriculture, rising automation in agriculture, growing emphasis on enhancing agriculture efficiency, and rising need for water conservation across the globe.

Nov 12, 2019 at 08:51 AM CST

London, Nov. 12, 2019 (GLOBE NEWSWIRE) -- According to a new market research report titled, “Agriculture Drone Market by Product (Hardware (Rotary Blade, Fixed Wing, Hybrid), Software), Application (Precision Agriculture, Livestock Monitoring, Smart Greenhouse, Irrigation, Precision Fish Farming), and Geography –Global Forecast to 2025”, the global agriculture drone market is expected to grow at a CAGR of 31.1% from 2019 to reach $5.19 billion by 2025. Practical applications for UAVs (unmanned aerial vehicles) or drones have progressed significantly in the recent years as the technology has improved in tandem with a fall in its cost. Interest from both consumers and business in drones is growing, with new applications being developed rapidly for use across many industries including agriculture – one of the primary sectors expected to see sharp uptake of drone technology in the near future. The growth in agriculture drone market is mainly attributed to the growing global population and rising pressure on the global food supply, rising venture funding for the development of agriculture drones, growing e-agriculture or information and communication technologies (ICTs) in agriculture, rising automation in agriculture, growing emphasis on enhancing agriculture efficiency, and rising need for water conservation across the globe.