PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566050
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566050
United States Agricultural Drones Market, By Type; By Component; By Farming Environment; By Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
United States Agricultural Drones Market Zooming 2.8X to Zip Past USD 1.5 Billion Mark by 2030
United States Agricultural Drones Market is booming because of the rising adoption of precision agriculture practices and data analytics and an increasing focus on the management of labor shortages in agriculture.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Agricultural Drones Market size at USD 562.40 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Agricultural Drones Market size to expand at a CAGR of 15.83% reaching a value of USD 1,582.40 million by 2030. A spurring demand for food and agricultural goods due to the population growth is a key growth factor driving United States Agricultural Drones Market. The market is projected to expand at a robust growth rate over the forecast period, as a result of the country's constantly changing agricultural landscape and the growing popularity of precision farming.
Opportunity - Labor Shortage in Agriculture Sector
The persistent labor shortage is expected to provide lucrative opportunities for major players in United States Agricultural Drones Market during the forecast period, as it directly impacts the produce supply and often leads to food waste. The rapidly aging population of farmers and declining interest in farming due to the availability of better-paying jobs are emerging as the major factors leading to labor shortage. Therefore, the farmers are significantly investing in automated farming technologies, including the adoption of agricultural drones. The labor gap can be filled by using drones to automate many jobs that would normally take a lot of human labor, including crop monitoring.
Impact of Escalating Geopolitical Tensions on United States Agricultural Drones Market
The escalating geopolitical tensions could negatively impact the growth of United States Agricultural Drones Market. Trade barriers, increasing taxes, and restrictions resulting from geopolitical disputes, such as the complicated and volatile relationship between the United States and China, directly affects supply chains. The supply chain disruption results in a scarcity or increase in the price of essential parts used in the production of agricultural drones, interrupting its operations and driving up the cost of the product on the market. Geopolitical tensions can also result in economic instability and deter farmers from investing in cutting-edge technology and precision farming, which ultimately impacts United States Agricultural Drones Market.
Crop Management Application Leads US Agricultural Drones Market
The crop management segment dominates United States Agricultural Drones Market by applications. Agricultural drones are being used for a variety of purposes in crop management, including crop monitoring, crop spraying, irrigation management, and soil analysis. Agricultural drones are equipped with sensors and high-resolution cameras that provide real-time data on crop growth, nutrient levels, and plant health, and assist farmers in taking corrective measures. Other major application segments in United States Agricultural Drones Market include field management, crop spraying, livestock monitoring, and variable rate farming environment (VRA).
Competitive Landscape
United States Agricultural Drones market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include AgEagle Aerial Systems, AeroVironment, 3D Robotics, PrecisionHawk, Sentera, Yamaha Motor, Skydio, Delair-Tech, Honeycomb Corp., and AutoCopter Corp.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and United States Agricultural Drones Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Agricultural Drones Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Agricultural Drones Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Precision Agriculture and Data Analytics
- 3.2.1.2. Labor Shortages in Agriculture
- 3.2.1.3. Increasing Food Demand and Rising Population
- 3.2.2. Restraints
- 3.2.2.1. High Initial Investment
- 3.2.2.2. Complex Regulations and Permitting
- 3.2.3. Opportunities
- 3.2.3.1. Environmental Concerns and Sustainability
- 3.2.3.2. Advancement in Technology
- 3.2.4. Challenges
- 3.2.4.1. Limited Battery Life
- 3.2.4.2. Lack of Skilled Operators
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Agricultural Drones Market: Marketing Strategies
5. United States Agricultural Drones Market: Pricing Analysis
6. United States Agricultural Drones Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.1.1. Fixed Wing
- 6.2.1.2. Rotary Wing
- 6.2.2. By Component
- 6.2.2.1. Hardware
- 6.2.2.2. Software
- 6.2.2.3. Services
- 6.2.3. By Farming Environment
- 6.2.3.1. Indoor Farming
- 6.2.3.2. Outdoor Farming
- 6.2.4. By Application
- 6.2.4.1. Crop Management
- 6.2.4.2. Field Management
- 6.2.4.3. Crop Spraying
- 6.2.4.4. Livestock Monitoring
- 6.2.4.5. Variable Rate Farming Environment (VRA)
- 6.2.4.6. Others
- 6.2.1. By Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. United States Agricultural Drones Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on United States Agricultural Drones Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. AgEagle Aerial Systems
- 9.2. AeroVironment
- 9.3. 3D Robotics
- 9.4. PrecisionHawk
- 9.5. Sentera
- 9.6. Yamaha Motor
- 9.7. Skydio
- 9.8. Delair-Tech
- 9.9. Honeycomb Corp
- 9.10. AutoCopter Corp
- 9.11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Country
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 United States Agricultural Drones Segmentation
- Figure 2 United States Agricultural Drones Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 United States Agricultural Drones Market Size, By Value (USD Million), 2019-2030
- Figure 5 United States Agricultural Drones Market Share, By Type, By Value, 2019-2030
- Figure 6 United States Agricultural Drones Market Share, By Components, By Value, 2019-2030
- Figure 7 United States Agricultural Drones Market Share, By Farming Environment, By Value, 2019-2030
- Figure 8 United States Agricultural Drones Market Share, By Application, By Value, 2019-2030
List of Tables
- Table 1 United States Agricultural Drones Market Size, By Value (USD Million), 2019-2030
- Table 2 United States Agricultural Drones Market Size, By Type, By Value, 2019-2030
- Table 3 United States Agricultural Drones Market Size, By Components, By Value, 2019-2030
- Table 4 United States Agricultural Drones Market Size, By Farming Environment, By Value, 2019-2030
- Table 5 United States Agricultural Drones Market Size, By Application, By Value, 2019-2030
- Table 6 AgEagle Aerial Systems Company Overview
- Table 7 AgEagle Aerial Systems Financial Overview
- Table 8 AeroVironment Company Overview
- Table 9 AeroVironment Financial Overview
- Table 10 3D Robotics Company Overview
- Table 11 3D Robotics Financial Overview
- Table 12 PrecisionHawk Company Overview
- Table 13 PrecisionHawk Financial Overview
- Table 14 Sentera Company Overview
- Table 15 Sentera Financial Overview
- Table 16 Yamaha Motor Company Overview
- Table 17 Yamaha Motor Financial Overview
- Table 18 Skydio Company Overview
- Table 19 Skydio Financial Overview
- Table 20 Delair-Tech Company Overview
- Table 21 Delair-Tech Financial Overview
- Table 22 Honeycomb Corp Company Overview
- Table 23 Honeycomb Corp Financial Overview
- Table 24 AutoCopter Corp Company Overview
- Table 25 AutoCopter Corp Financial Overview
