Agriculture Drones Market to Display Highest Growth in APAC, Forecasts M&M in New Report Published at MarketPublishers.com20 Jun 2016 • by Natalie Aster
LONDON – At present, the world’s market for agriculture drones is at a growth phase. This marketplace is forecast to exhibit tremendous growth in the years to come. Its CAGR is expected to be slightly over 30 percent, and the market is forecast to amount to approximately USD 4,210 million by 2022.
Growing awareness about benefits agricultural drones provide and an increase in venture funding are amongst key drivers of the growth. There are some restraints, as well: air traffic management, safety and security concerns, and scarcity of trained pilots.
As of 2015, the largest market share belonged to field mapping applications. Its dominance is expected to continue through 2022.
Region-wise, North America is the largest player. It is expected to become an owner of the largest market share in 2016.
Meanwhile, APAC is set to grow at a particularly swift pace in the years to come, with growth rates of other regions being much lower. India is expected to be a key force driving market growth in this region.
The global marketplace is dominated by such players as Parrot SA, 3DR, URSULA Agriculture, Yamaha Motor, and more.
New research report “Agriculture Drones Market by Type, Application, Component and Geography - Global Forecast to 2022” drawn up by M&M offers a comprehensive guide to the global agriculture drone marketplace. The study starts with an insightful overview of this quickly growing market. It delves deep into driving forces, explores restraints and challenges. Opportunities are investigated in this report, too.
An analysis of the marketplace by components, applications and types are also contained in the research study. The report limelights performance of the marketplace in different regions and across key countries, such as Spain, India, Japan, China, the UK, and more.
It delves deep into the competition in this marketplace and concentrates on major companies. Future development projections are also contained in the research report.
More new studies by M&M can be found at its page.