#Agriculture Drones and Robots Market Share
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#Agriculture Drones and Robots Market#Agriculture Drones and Robots Market Share#Agriculture Drones and Robots Market Size#Agriculture Drones and Robots Market Research#Agriculture Drones and Robots Industry#What is Agriculture Drones and Robots?
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#United Arab Emirates Agriculture Drones and Robots Market#Market Size#Market Share#Market Trends#Market Analysis#Industry Survey#Market Demand#Top Major Key Player#Market Estimate#Market Segments#Industry Data
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Global top 13 companies accounted for 66% of Total Frozen Spring Roll market(qyresearch, 2021)
The table below details the Discrete Manufacturing ERP revenue and market share of major players, from 2016 to 2021. The data for 2021 is an estimate, based on the historical figures and the data we interviewed this year.
Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research includes the research of the annual financial reports of the top companies; while primary research includes extensive interviews of key opinion leaders and industry experts such as experienced front-line staffs, directors, CEOs and marketing executives. The percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
According to the new market research report “Global Discrete Manufacturing ERP Market Report 2023-2029”, published by QYResearch, the global Discrete Manufacturing ERP market size is projected to reach USD 9.78 billion by 2029, at a CAGR of 10.6% during the forecast period.
Figure. Global Frozen Spring Roll Market Size (US$ Mn), 2018-2029
Figure. Global Frozen Spring Roll Top 13 Players Ranking and Market Share(Based on data of 2021, Continually updated)
The global key manufacturers of Discrete Manufacturing ERP include Visibility, Global Shop Solutions, SYSPRO, ECi Software Solutions, abas Software AG, IFS AB, QAD Inc, Infor, abas Software AG, ECi Software Solutions, etc. In 2021, the global top five players had a share approximately 66.0% in terms of revenue.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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Smart Agriculture Impressively Grow in Future by Top Companies Analysis
Leading Forces in the Smart Agriculture Market: Forecasts and Key Player Insights Through 2032
This Global Smart Agriculture research report offers a comprehensive overview of the market, combining both qualitative and quantitative analyses. The qualitative analysis explores market dynamics such as growth drivers, challenges, and constraints, providing deep insights into the market's present and future potential. Meanwhile, the quantitative analysis presents historical and forecast data for key market segments, offering detailed statistical insights.
According to Straits Research, the global Smart Agriculture market size was valued at USD XX Billion in 2021. It is projected to reach from USD XX Billion in 2022 to USD 54.75 Billion by 2030, growing at a CAGR of 13.5% during the forecast period (2022–2030).
Who are the leading companies (Marketing heads, regional heads) in the Smart Agriculture
Ag Leader Technology
AGCO Corporation
AgJunction, Inc.
AgEagle Aerial Systems Inc.
Autonomous Solutions
Argus Control Systems Ltd
BouMatic Robotic B.V.
CropMetrics
CLAAS KGaA
CropZilla
John Deere
DroneDeploy
DeLaval Inc
Farmers Edge Inc
Grownetics, Inc.
Granular, Inc.
Gamaya
GEA Group Aktiengesellschaft
Raven Industries
SST Development Group, Inc
Trimble Inc.
The Climate Corporation
Topcon
We offer revenue share insights for the Smart Agriculture Market, covering both publicly listed and privately held companies.
The report integrates comprehensive quantitative and qualitative analyses, offering a complete overview of the Smart Agriculture. It spans from a macro-level examination of overall market size, industry chain, and market dynamics, to detailed micro-level insights into segment markets by type, application, and region. This approach provides a holistic view and deep understanding of the market, covering all critical aspects. Regarding the competitive landscape, the report highlights industry players, including market share, concentration ratios, and detailed profiles of leading companies. This enables readers to better understand their competitors and gain deeper insights into the competitive environment. Additionally, the report addresses key factors such as mergers and acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts. In summary, this report is essential reading for industry players, investors, researchers, consultants, business strategists, and anyone with a stake or interest in entering the market.
Get Free Request Sample Report @ https://straitsresearch.com/report/smart-agriculture-market/request-sample
The report integrates comprehensive quantitative and qualitative analyses, offering a complete overview of the Smart Agriculture markets. It spans from a macro-level examination of overall market size, industry chain, and market dynamics, to detailed micro-level insights into segment markets by type, application, and region. This approach provides a holistic view and deep understanding of the market, covering all critical aspects. Regarding the competitive landscape, the report highlights industry players, including market share, concentration ratios, and detailed profiles of leading companies. This enables readers to better understand their competitors and gain deeper insights into the competitive environment. Additionally, the report addresses key factors such as mergers and acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts. In summary, this report is essential reading for industry players, investors, researchers, consultants, business strategists, and anyone with a stake or interest in entering the market.
Global Smart Agriculture Market: Segmentation
By Agriculture Type
Precision farming
Livestock monitoring
Smart greenhouse
Others
By Offering
Hardware
Automation & control systems
Drones
Application control devices
Guidance system
GPS
GIS
Remote sensing
Handheld
Satellite sensing
Driverless tractors
Mobile devices
VRT
Map-based
Sensor-based
Wireless modules
Bluetooth technology
Wi-Fi technology
Zigbee technology
RF technology
Milking robots
Sensing devices
Soil sensor
Nutrient sensor
Moisture sensor
Temperature sensor
Water sensors
Climate sensors
Others
HVAC system
LED grow light
RFID tags & readers
Software
Web-based
Cloud-based
Services
System integration & consulting
Maintenance & support
Managed services
Data services
Analytics services
Farm operation services
Assisted professional services
Supply chain management services
Climate information services
By Application
Precision farming application
Yield monitoring
On-farm
Off-farm
Field mapping
Crop scouting
Weather tracking & forecasting
Irrigation management
Inventory management
Farm labor management
Livestock monitoring application
Milk harvesting
Breeding management
Feeding management
Animal comfort management
Others
Smart greenhouse application
Water & fertilizer management
HVAC management
Yield monitoring
Others
Explore detailed Segmentation from here: @ https://straitsresearch.com/report/smart-agriculture-market/segmentation
The report forecasts revenue growth at all geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:
North America (U.S., Canada)
Europe (U.K., Germany, France, Italy)
Asia Pacific (China, India, Japan, Singapore, Malaysia)
Latin America (Brazil, Mexico)
Middle East & Africa
This Report is available for purchase on Buy Smart Agriculture Market Report
Key Highlights
To explain Smart Agriculture the following: introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, and market driving forces
The purpose of this study is to examine the manufacturers of Smart Agriculture, including profile, primary business, news, sales and price, revenue, and market share.
To provide an overview of the competitive landscape among the leading manufacturers in the world, including sales, revenue, and market share of Smart Agriculture percent
To illustrate the market subdivided by kind and application, complete with sales, price, revenue, market share, and growth rate broken down by type and application
To conduct an analysis of the main regions by manufacturers, categories, and applications, covering regions such as North America, Europe, Asia Pacific, the Middle East, and South America, with sales, revenue, and market share segmented by manufacturers, types, and applications.
To investigate the production costs, essential raw materials, production method, etc.
Buy Now @ https://straitsresearch.com/buy-now/smart-agriculture-market
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StraitsResearch.com is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.
Contact Us:
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#Smart Agriculture#Smart Agriculture Industry#Smart Agriculture Share#Smart Agriculture Size#Smart Agriculture Trends#Smart Agriculture Regional Analysis#Smart Agriculture Growth Rate
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Global Robot Cars And Trucks Market Analysis 2024: Size Forecast and Growth Prospects
The robot cars and trucks global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Robot Cars And Trucks Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The robot cars and trucks market size has grown rapidly in recent years. It will grow from $0.79 billion in 2023 to $0.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to increasing government funding for deployment of proper roadway controls, increasing urban population, continuous research and development, accelerated interest in contactless delivery, transportation solutions, and increasing trust and acceptance of autonomous vehicle technology.
The robot cars and trucks market size is expected to see rapid growth in the next few years. It will grow to $1.32 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to increasing focus on sustainability, reduction in traffic accidents and fatalities, integration of autonomous vehicles in agricultural practices, infrastructure development, and Insurance industry adaptation. Major trends in the forecast period include autonomous technology with electric vehicles, integration of autonomous vehicles into smart city, remote operation and monitoring, focus on green technology, and integration of autonomous vehicles with drones.
Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/robot-cars-and-trucks-global-market-report
Scope Of Robot Cars And Trucks Market The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Robot Cars And Trucks Market Overview
Market Drivers - The rising number of road accidents are expected to propel the growth of the robot cars and trucks market. Road accidents occur due to speeding, distracted driving, impaired driving, poor road conditions, and inadequate enforcement of traffic laws. Autonomous cars and trucks help reduce accidents by leveraging advanced sensors and real-time decision-making capabilities and eliminating human error, ultimately enhancing road safety through consistent adherence to traffic laws and predictive analytics. For instance, in September 2022, according to the Reported Road Casualties Great Britain Annual Report 2021, by GOV.UK, a UK-based government services and information provider, in 2021, there were approximately 1,558 reported fatalities in road collisions, marking a 7% increase from the figures recorded in 2020. Therefore, the rising number of road accidents drives the growth of the robot cars and trucks market.
Market Trends - Major companies operating in the robot cars and trucks market are prioritizing advanced autonomous driving technologies to enhance safety, efficiency, and user experience, aiming to revolutionize transportation with cutting-edge innovations. Autonomous driving technologies refer to systems that enable vehicles to operate without human intervention, using sensors and AI to perceive their environment and navigate autonomously. For instance, in April 2024, Horizon Robotics, a China-based vehicle manufacturing company, launched Horizon SuperDrive, a next-generation autonomous driving solution. It is designed to deliver smooth and human-like driving experiences across urban, highway, and parking scenarios. It integrates advanced ADAS and AD technologies for enhanced safety, comfort, and convenience, accelerating smart driving system adoption in passenger vehicles.
The robot cars and trucks market covered in this report is segmented –
1) By Vehicle Type: Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Vehicles 2) By Classification: Level 0, Level 1, Level 2, Level 3, Level 4, Level 5 3) By Technology: Simultaneous Localization And Mapping, Real-Time Locating System 4) By Application: Domestic, Commercial, Industrial
Get an inside scoop of the robot cars and trucks market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=17248&type=smp
Regional Insights - Asia-Pacific was the largest region in the robot cars and trucks market in 2023. The regions covered in the robot cars and trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the robot cars and trucks market are Volkswagen AG, Ford Motor Company, The Mercedes-Benz Group AG, Bayerische Motoren Werke AG (BMW AG), Tesla Inc., AB Volvo, Continental AG, Paccar Inc., NVIDIA Corporation, Baidu Inc., Aptiv PLC, Mobileye Global Inc., Zoox Inc., Waymo LLC, Aurora Innovation Inc., Nuro Inc., Motional Inc., Torc Robotics LLC, Pony.AI Inc., Embark Trucks Inc., Einride AB, Navya SAS, Udelv Inc., TuSimple Holdings Inc.
Table of Contents 1. Executive Summary 2. Robot Cars And Trucks Market Report Structure 3. Robot Cars And Trucks Market Trends And Strategies 4. Robot Cars And Trucks Market – Macro Economic Scenario 5. Robot Cars And Trucks Market Size And Growth ….. 27. Robot Cars And Trucks Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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How to Invest in Robotics: Guide for Smart Investors
The robotics industry is rapidly evolving, with advancements in automation, artificial intelligence (AI), and machine learning transforming industries such as healthcare, manufacturing, logistics, and agriculture. Investing in robotics offers an exciting opportunity to be part of this revolution while potentially earning high returns. As robots become increasingly integral to modern economies, understanding how to invest in this field can position you at the forefront of technological innovation.
In this SEO post, we’ll explore how to invest in robotics, why it’s a promising sector, and some of the best ways to add robotics investments to your portfolio.
Why Invest in Robotics?
Before diving into investment strategies, let’s take a look at why robotics is such a compelling area for investors:
Growing Industry Demand
Robotics is playing an essential role in industries that are embracing automation to improve efficiency and reduce costs. From manufacturing and healthcare to autonomous vehicles and logistics, the demand for robotics technology is increasing at an unprecedented pace. According to market research, the global robotics market is expected to grow to $70.84 billion by 2029, making it a high-growth industry.
Technological Advancements
Robotics is driven by rapid advancements in AI, machine learning, and sensor technology. These innovations are enabling robots to perform increasingly complex tasks, further expanding the range of applications. As robots become smarter and more versatile, their potential for disruption continues to grow, making it an attractive investment area.
Diverse Applications
Robotics is not confined to a single sector. It has broad applications across industries such as:
Healthcare: Robotic surgery, rehabilitation robots, and AI-powered diagnostic tools.
Manufacturing: Industrial robots that perform repetitive tasks with precision and efficiency.
Agriculture: Drones and robots that assist in planting, harvesting, and monitoring crops.
Logistics and Warehousing: Autonomous robots that streamline supply chain management.
Autonomous Vehicles: Self-driving cars and delivery robots that rely on robotics for navigation and operation.
Strong Financial Potential
Companies developing robotics technologies are often at the cutting edge of innovation, which can lead to significant financial rewards. Investors who get in early on promising robotics companies have the potential to enjoy substantial long-term gains as these businesses grow and disrupt traditional industries.
How to Invest in Robotics: Key Strategies
1. Invest in Robotics Stocks
One of the most direct ways to invest in robotics is by purchasing shares of publicly traded robotics companies. Many large corporations are involved in robotics development, either as their core business or as part of a broader technology portfolio. Here are a few notable companies in the robotics space:
Boston Dynamics: Known for its advanced humanoid and quadruped robots used in military, industrial, and research settings.
NVIDIA (NVDA): A leader in AI and graphic processing units (GPUs), which are essential for robotic systems.
iRobot (IRBT): Maker of the popular Roomba robot vacuum, iRobot is a consumer-facing robotics company.
ABB Group (ABB): A multinational company specializing in robotics and industrial automation.
Intuitive Surgical (ISRG): A leader in robotic surgery with its da Vinci surgical systems.
By investing in these companies, you can gain exposure to the growth and innovation occurring in the robotics sector.
2. Exchange-Traded Funds (ETFs) for Robotics
If you prefer a diversified approach, consider investing in robotics-focused ETFs. These funds include a portfolio of companies involved in the robotics industry, giving you broad exposure without having to pick individual stocks. Some popular robotics ETFs include:
Global X Robotics & Artificial Intelligence ETF (BOTZ): This ETF focuses on companies involved in the development of robotics and AI technologies.
ROBO Global Robotics & Automation Index ETF (ROBO): A fund that tracks the performance of robotics and automation companies around the world.
iShares Automation & Robotics UCITS ETF: This ETF provides access to companies developing technologies in automation and robotics.
Investing in these ETFs offers a lower-risk option compared to investing in individual stocks while still allowing you to capitalize on the growth of the robotics industry.
3. Invest in Robotics Startups
For investors willing to take on higher risks in exchange for potentially higher returns, investing in robotics startups can be a rewarding strategy. Many innovative robotics companies are still in the early stages of development and are privately held, but you can gain access through:
Venture capital (VC) funds: Many VC firms specialize in technology startups, including those focused on robotics.
Crowdfunding platforms: Some robotics startups offer crowdfunding investment opportunities through platforms such as Seedrs or EquityZen.
Angel investing: High-net-worth individuals may consider angel investing in promising robotics startups to get in early on innovative companies.
Keep in mind that investing in startups is inherently risky, as many early-stage companies fail. However, for those that succeed, the financial returns can be significant.
4. Consider Robotics Mutual Funds
While ETFs are the most popular option for passive investors, you can also invest in mutual funds that focus on technology and innovation, including robotics. These funds are managed by professionals who actively select stocks based on their growth potential in the robotics and automation sectors. Mutual funds often come with higher fees than ETFs, but they may provide better long-term returns due to active management.
5. Monitor Emerging Technologies
The robotics industry is continuously evolving, with new technologies and applications emerging all the time. Stay informed about breakthroughs in AI, automation, and robotics to identify new investment opportunities. For example:
Collaborative robots (cobots): These are designed to work alongside humans in industries like manufacturing and healthcare.
Autonomous drones: With applications in delivery services, agriculture, and surveillance, autonomous drones are a growing area of robotics.
Wearable robotics: Also known as exoskeletons, these devices are used in healthcare and industrial settings to enhance human strength and mobility.
Risks of Investing in Robotics
While robotics offers significant potential, it's important to be aware of the risks:
Market volatility: The technology sector, including robotics, can experience high volatility, leading to sharp fluctuations in stock prices.
Technological disruption: As technology evolves, some companies may struggle to keep up with new advancements, leading to a loss of market share or revenue.
Regulatory challenges: Robotics, particularly in areas like autonomous vehicles and healthcare, may face regulatory hurdles that could impact business operations and profitability.
Conclusion
Investing in robotics is a forward-thinking strategy that taps into one of the fastest-growing and most innovative sectors in the world. Whether you’re interested in robotics stocks, ETFs, or startups, there are plenty of opportunities to get involved in this exciting field. By staying informed about industry trends and evaluating your risk tolerance, you can build a portfolio that captures the growth potential of robotics while contributing to the technological advancements shaping the future.
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Smart Agriculture Market 2024-2030: Growth Share and Future Trends
The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030.
Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.
Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market
Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.
To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.
Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.
The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.
Smart Agriculture Market Segmentation
Grand View Research has segmented the global smart agriculture market report based on type, offering, application, and region.
Type Outlook (Revenue, USD Million, 2017 - 2030)
• Precision farming
• Livestock monitoring
• Smart greenhouse
• Others
Offering Outlook (Revenue, USD Million, 2017 - 2030)
• Hardware
o Automation & control systems
o Drones
o Application control devices
o Guidance system
o GPS
o GIS
o Remote sensing
o Handheld
o Satellite sensing
o Driverless tractors
o Mobile devices
o VRT
o Map-based
o Sensor-based
o Wireless modules
o Bluetooth technology
o Wi-Fi technology
o Zigbee technology
o RF technology
o Milking robots
o Sensing devices
o Soil sensor
o Nutrient sensor
o Moisture sensor
o Temperature sensor
o Water sensors
o Climate sensors
o Others
o HVAC system
o LED grow light
o RFID tags & readers
• Software
o Web-based
o Cloud-based
• Types
o System integration & consulting
o Maintenance & support
o Managed types
o Data types
o Analytics types
o Farm operation types
o Assisted professional types
o Supply chain management types
o Climate information types
Application Outlook (Revenue, USD Million; 2017 - 2030)
• Precision farming application
o Yield monitoring
o On-farm
o Off-farm
o Field mapping
o Crop scouting
o Weather tracking & forecasting
o Irrigation management
o Inventory management
o Farm labor management
• Livestock monitoring application
o Milk harvesting
o Breeding management
o Feeding management
o Animal comfort management
o Others
• Smart greenhouse application
o Water & fertilizer management
o HVAC management
o Yield monitoring
o Others
• Others
Regional Outlook (Revenue, USD Billion, 2017 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Russia
o Netherland
• Asia Pacific
o China
o Japan
o India
o Australia
o Singapore
• South America
o Brazil
• Middle East and Africa (MEA)
o Turkey
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
• The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030.
• The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030.
Key Companies & Market Share Insights
Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.
• AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.
• Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.
Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.
• Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.
• Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives
Key Smart Agriculture Companies:
• Ag Leader Technology
• AGCO Corporation
• AgJunction, Inc.
• AgEagle Aerial Systems Inc.
• Autonomous Solutions, Inc.
• Argus Control Systems Ltd
• BouMatic Robotic B.V.
• CropMetrics
• CLAAS KGaA mbH
• CropZilla
• Deere & Company
• DICKEY-john
• DroneDeploy
• DeLaval Inc
• Farmers Edge Inc
• Grownetics, Inc.
• Granular, Inc.
• Gamaya
• GEA Group Aktiengesellschaft
• Raven Industries
• Trimble Inc.
• Topcon Positioning System
Recent Developments
• In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.
• In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.
• In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.
• In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.
• In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.
• In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.
• In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.
• In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.
Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.
#Smart Agriculture Market#Smart Agriculture Industry#Smart Agriculture Market size#Smart Agriculture Market share#Smart Agriculture Market analysis
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Agricultural Drones Market 2024 Driving Factors Forecast Research 2032
Agricultural Drones Market provides in-depth analysis of the market state of Agricultural Drones manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Agricultural Drones in these regions till the forecast period
North America
Middle East and Africa
Asia-Pacific
South America
Europe
Key Attentions of Agricultural Drones Market Report:
The report offers a comprehensive and broad perspective on the global Agricultural Drones Market.
The market statistics represented in different Agricultural Drones segments offers complete industry picture.
Market growth drivers, challenges affecting the development of Agricultural Drones are analyzed in detail.
The report will help in the analysis of major competitive market scenario, market dynamics of Agricultural Drones.
Major stakeholders, key companies Agricultural Drones, investment feasibility and new market entrants study is offered.
Development scope of Agricultural Drones in each market segment is covered in this report. The macro and micro-economic factors affecting the Agricultural Drones Market
Advancement is elaborated in this report. The upstream and downstream components of Agricultural Drones and a comprehensive value chain are explained.
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Asia Pacific Takes Flight: Dominating the Drone Market
Introduction:
The global Drone Market is experiencing rapid growth, fueled by advancements in technology, increasing commercial applications, and supportive regulatory environments. While the industry is expanding worldwide, Asia Pacific has emerged as a dominant force, capturing a significant portion of the market share.
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Asia Pacific: The New Frontier for Drones
Several factors have contributed to Asia Pacific's dominance in the drone market:
Rapid Adoption in Agriculture: The region's vast agricultural sector has been a major driver of drone adoption. UAVs are being extensively used for tasks such as crop monitoring, spraying pesticides, and data collection, leading to increased productivity and efficiency.
Growing E-commerce Industry: The booming e-commerce sector in countries like China and India is creating a demand for efficient delivery solutions, with drones emerging as a potential game-changer.
Favorable Regulatory Environment: Several countries in the region have implemented supportive drone regulations, fostering innovation and market growth.
Cost-Effective Labor: The availability of relatively lower labor costs in some Asian countries has made drone adoption more economically viable.
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Technological Advancements: Asia Pacific is home to several technology hubs, driving innovation in drone technology and propelling the development of advanced drone systems.
Government Support: Governments in the region are recognizing the potential of drones and investing in research and development, infrastructure, and talent development.
Focus on Drone Manufacturing: Several Asian countries have emerged as major manufacturing hubs for drones, producing a wide range of commercial and consumer drones.
Public Acceptance: Increasing public awareness and acceptance of drones in many Asian countries are driving market growth.
Integration with Other Technologies: The integration of drones with other technologies, such as artificial intelligence, 5G, and blockchain, is creating new opportunities for drone applications.
Disaster Management and Relief: Drones are being used for disaster response and relief efforts, including search and rescue, damage assessment, and delivery of supplies.
Key Players Driving the Asia Pacific Drone Market
Several key players have contributed to the growth of the Asia Pacific drone market:
China: China has emerged as a global leader in drone manufacturing and technology, with companies like DJI dominating the consumer drone market.
India: The Indian drone market is rapidly expanding, with a focus on agriculture, surveillance, and logistics.
South Korea: South Korea has made significant strides in drone technology, particularly in the areas of industrial inspection and public safety.
Japan: Japan's expertise in robotics and precision engineering has led to the development of advanced drone systems for various applications.
The Role of Agriculture in Driving Drone Adoption
Agriculture has been a major catalyst for drone adoption in Asia Pacific. The region's vast agricultural lands and the increasing need for efficient and sustainable farming practices have created a fertile ground for drone technology.
Precision Agriculture: Drones equipped with sensors and cameras can collect data on crop health, soil conditions, and other parameters, enabling farmers to make data-driven decisions.
Crop Spraying: Drones are being used for precise application of pesticides and fertilizers, reducing chemical usage and improving crop yields.
Monitoring and Surveillance: Drones can monitor crop growth, detect pests and diseases, and assess crop damage.
Challenges and Opportunities
While Asia Pacific dominates the drone market, challenges such as airspace management, safety concerns, and privacy issues persist. However, the region also presents immense opportunities for growth and innovation.
The integration of drones with other technologies, such as artificial intelligence and 5G, can unlock new possibilities for drone applications. Additionally, the development of drone-specific infrastructure, including charging stations and landing pads, will be crucial for the widespread adoption of drones.
Conclusion
Asia Pacific has emerged as the epicenter of the global drone market, driven by the rapid adoption of drones in agriculture and other sectors. The region's supportive regulatory environment, technological advancements, and large-scale agricultural operations have created a fertile ground for drone innovation and deployment.
As the drone industry continues to evolve, Asia Pacific's ability to adapt to changing market dynamics and technological advancements will be crucial for maintaining its leadership position. The region's focus on sustainability, safety, and data privacy will be essential for building public trust and expanding the adoption of drone technology.
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#Agriculture Drones and Robots Market#Agriculture Drones and Robots Market Share#Agriculture Drones and Robots Market Size#Agriculture Drones and Robots Market Research#Agriculture Drones and Robots Industry#What is Agriculture Drones and Robots?
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#Saudi Arabia Agriculture Drones and Robots Market#Market Size#Market Share#Market Trends#Market Analysis#Industry Survey#Market Demand#Top Major Key Player#Market Estimate#Market Segments#Industry Data
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5G IoT Market - Forecast(2024 - 2030)
5G IoT Market Overview
The 5G IoT Market size is forecast to reach $40.5 billion by 2026, growing at a CAGR 61% from 2022 to 2026. Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector has been eventually driving the need for 5G IoT. Rising demand for connected cars equipped with advanced in-vehicle infotainment and telematics system along with increasing penetration of advanced communication infrastructure in healthcare sector to optimize surgical robots, asset tracking, telemedicine, remote health monitoring are some of the prime factors driving the global 5G IoT Market. Furthermore, with growing adoption of precision farming, agricultural drones and greenhouse automation, global 5G IoT has gained a huge traction. Rise in adoption of IoT and artificial intelligence (AI) to develop fully connected smart cities offering high speed data transmission and data analytics as a part of improving real-time monitoring is analyzed to drive the market in future years.
5G IoT Market Report Coverage
The report: “5G IoT Industry Outlook – Forecast (2022-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the 5G IoT Industry.
By Solution: Hardware, Cellular Connectivity, Software, Services
By Organization Size: SME, Large Enterprises
By Radio Technology: 5G New Radio Standalone Architecture, 5G New Radio Non-Standalone Architecture
By Range: Short Range 5G IoT devices, Wide Range 5G IoT devices
By Application: Predictive Maintenance, Business Optimization, Asset Tracking and Management, Logistics & Supply Chain Management, Automation Control and Management, Others
By End Users: Manufacturing (Medical & Pharmaceutical, Chemical, Food & Beverage, FMCG, Metal, Machinery & Equipment, Semiconductor & Electronics, Others), Transportation & Logistics, Consumer, Oil & Gas, Automotive, Ports, Energy, Smart City, Smart Building, Retail, Agriculture, Healthcare, Education, Smart Events & Stadia, Mining, Utilities, Others
By Geography: North America (US, Canada, Mexico), Europe (Germany, U.K, France, Spain, Italy, Others), APAC (China, Japan, Malaysia, Thailand, South Korea, Philippines, Hong Kong, Others), South America (Brazil, Argentina and others), RoW (Middle East and Africa)
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Key Takeaways
5G New Radio Standalone architecture is analyzed to witness highest growth in the 5G IoT Market during 2022-2026 owing to increased performance, super-fast response times and faster access to higher data rates.
APAC 5G IoT Market held the largest share in 2021, attributing to factors like rising demand for more reliable connectivity and more bandwidth between devices among manufacturers as a part of optimizing smart industrial operations including process automation, remote monitoring, collaborative robots, predictive analytics, augmented reality, additive manufacturing.
Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector along with rise in demand for connected cars equipped with advanced in-vehicle infotainment and telematics system are analyzed to significantly drive the global 5G IoT Market during the forecast period 2022-2026.
5G IoT Market Segment Analysis- By Radio Technology
By radio technology, 5G IoT Market has been segmented into 5G New Radio Standalone Architecture, 5G New Radio Non-Standalone Architecture. 5G New Radio Standalone Architecture is analyzed to grow with the highest CAGR of 72% during the forecast period 2022-2026. As compared to 5G non-standalone architecture, standalone architecture acts as a more efficient solution, which includes increased performance, better flexibility, and reduced complexity, attributing to its market growth. Rising adoption of connected cars, immersive media, automated guided vehicles or cobots control need super-fast response times and faster access to higher data rates, which is enabled by SA architecture, and thus such beneficiary capabilities of 5G standalone technology are boosting its market growth. In May 2021, Swisscom announced its plans to strengthen its long-term strategic partnership commitment to Ericsson with a deal including 5G Standalone (SA) rollout. This 5G SA is analyzed to enable Swisscom to deliver superior network performance and new use cases comprising logistics, energy, factory, mining, and airport and so on. Such factors are further set to propel the market growth of 5G IoT Market in the long run.
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5G IoT Market Segment Analysis- By End Users
By end users, 5G IoT market has been segmented into Manufacturing, Transportation & Logistics, Consumer, Oil & Gas, Automotive, Ports, Energy, Smart City, Smart Building, Retail, Agriculture, Healthcare, Education, Smart Events & Stadia, Mining, Utilities and Others. Automotive sector is analyzed to witness the highest growth with a CAGR 70% during 2022-2026. The demand for future mobility and automated driving coupled with enhanced multimedia and infotainment features in the car is attributing to the market growth. Rising investment towards infotainment solutions with 5G connectivity for seamless and delay-free video and music streaming along with the integration of weather forecasts, or information on the current traffic situation is another prime factor contributing towards market growth. Expansion of digital infrastructure is set to lead to a huge increase in data in the automotive sector. According to a report published by Acta Verba, in advanced connected cars, the data flow is to reach 1 GB per vehicle per day, and it will further explode by 30 times to 1 TB of data per vehicle, per month, by 2025. This creates a need for significantly more bandwidth and faster data processing capabilities close to end users and mobile devices at the digital edge, and such factors are contributing towards expansion of 5G IoT Market. In December 2021, Volkswagen announced the deployment of Nokia’s industrial-grade private 5G wireless network at the company’s main plant in Wolfsburg, Germany. This development was done to help the facility achieve real-time connectivity for IoT sensors, connected vehicles and machinery, supporting intelligent networking of production robots and wireless assembly tools. Such factors are set to drive the market forward in the coming years.
5G IoT Market Segment Analysis- By Geography
By Geography, 5G IoT Market has been segmented into North America, Europe, APAC, South America and Others. APAC dominated the 5G IoT Market with a share of 34% in 2021, owing to burgeoning demand for next-generation high-speed mobile internet among manufacturers in this region for more reliable connectivity and more bandwidth between devices. Rising partnerships between telecom operators and IoT network providers in APAC region with an aim to enable enterprises running more automated, productive, sustainable and safer businesses with harmonized service level agreements, while providing real-time insights is resulting in speedy expansion of the market. Although 4G can accommodate Industry 4.0 capabilities, 5G is analysed to be the true accelerator for digitalization and the key to implementing features like IoT, advanced robotics and remote machine control, and augmented/virtual reality (AR/VR) to enterprises, with the manufacturing and energy sectors taking the lead in its adoption. According to GSMA, APAC 5G Industry Community is formed by 12 Contributing members and the existing IoT community and 5G emerging market community with over 500 members in more than 30 countries with an aim to build a platform for people who are passionate about 5G benefits to industries and enterprises, to connect with peers and share their knowledge, requirement, and build the ecosystem to support each other to drive businesses forward with the new technologies in APAC. Furthermore, growing investment towards smart city infrastructure, equipped with advanced security features for real-time surveillance, large scale monitoring by local authorities and backed up by analytics, Artificial Intelligence (AI), Internet-of -Things (IoT) and data-driven insights is one of the key factors driving its market growth within the region. In January 2022, Qualcomm announced collaboration with Cybertrust Japan Co., Ltd. and SB Technology Corp. through the Qualcomm IoT Services Suite offering to proliferate smart Cities and 5G IoT solutions in Japan. This collaboration was done to explore projects with Qualcomm Smart Cities Accelerator Program ecosystem members and develop smart solutions for use cases across smart cities, smart campuses, smart parking, smart energy-management, smart security, smart factories, and more in this country. Such developments are set to create significant growth opportunities for the market during 2022-2026.
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5G IoT Market Drivers
Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector are impacting the market growth
Increasing penetration of advanced technologies like predictive maintenance, data analytics, digital twins and others as a part of improving business insights for greater operational efficiency, better product quality, optimized supply chain performance and so on acts as major factor driving the market growth towards 5G IoT Market. The burgeoning demand for predictive maintenance in manufacturing sector leveraging critical communication infrastructure provides data analysis tools and techniques, which are used to monitor equipment condition for regular operational wear and tears, and such factors are analyzed to elevate the 5G IoT Market. Furthermore, rising investments towards connected asset monitoring enabling real-time asset data analysis assists in providing a powerful tool for productivity improvement, which in turn can also aid the market growth overtime. 5G’s enhanced bandwidth compared with other wireless communications technologies help robots and cobots to be monitored and updated in real-time as the environment changes. 5G’s low latency allows for actions to be monitored close to real-time, and such benefits of 5G are propelling the growth of the market. In November 2021, Huawei and China Mobile jointly deployed 5G enabled manufacturing solutions powered by mobile edge computing (MEC) at Haier’s smart factories. Haier is leveraging advanced technologies like artificial intelligence and machine vision at seven smart factories in China and has planned to expand in 20 factories by the end of 2022. Such new development is set to fuel the market growth in the long run.
Rise in demand for connected cars equipped with advanced in-vehicle infotainment and telematics system drives its market forward
Growing demand for connected cars equipped with advanced in-vehicle infotainment and telematics system act as a major driver boosting its market growth. The enhanced bandwidth of 5G New Radio enables richer infotainment and more immersive in-car entertainment experiences. Adoption of multi-access edge computing (MEC) platform puts processing power at the edge of the network, for faster gaming and higher quality video. Such beneficiary capabilities of 5G IoT is analyzed to positively impact the market growth overtime. Furthermore, with the substantial growth of C-V2X technology, 5G network for C-V2X infrastructure for use on on-board platforms is evolving. The rise in adoption of advanced driver assistance system (ADAS), equipped with on-board sensors, is also set to significantly trigger the growth of 5G IoT Market. Rising investments towards autonomous driving (AD) with an aim to harmonize and accelerate the introduction of intelligent transport and communication solutions is augmenting the growth of the market. According to the Economic Times, connected car shipments in the U.S. is expected to cross 80 million units during 2020 to 2025, growing at a CAGR of 10%. They moreover state that 5G cars will account for 27% of the market by 2025. In August 2021, Honda collaborated with Verizon to explore how Verizon 5G Ultra Wideband and 5G Mobile Edge Computing (MEC) can ensure fast, reliable communication between road infrastructure, vehicles and pedestrians. Verizon’s 5G and MEC platforms bring the power of the cloud closer to the vehicle, lowering latency, offering massive bandwidth, and improving communications and connectivity between drivers, other cars, traffic lights, pedestrians and emergency vehicles to improve threat detection and avoid accidents. Such developments are analyzed to propel the 5G IoT Market growth in the coming years.
5G IoT Market Challenges
High infrastructure cost related with 5G deployment and coverage hinders its market growth
5G offers a significant increase in speed and bandwidth, but its more limited range requires further infrastructure. 5G antennas and base stations are smaller in the 5G era, but more of them would have to be installed on buildings or homes to compensate for their shorter range. Cities need to install extra repeaters to spread out the waves and extend range, while also maintaining consistent speeds in more densely populated areas, and thus, deployment of additional infrastructure requires high cost, which in turn create a negative impact on the growth of the market. A small tower and 5G cell site costs $30,000–$50,000 and due to such high costs small and medium enterprises are not opting for 5G. Investments needed in key components for a 5G network coverage includes spectrum, sites, power distribution and resilient strength fibre. Such factors have been creating an adverse impact on its market growth.
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5G IoT Market Landscape
Product innovations, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the 5G IoT Market. 5G IoT top 10 companies include:
Qualcomm
Ericsson
Nokia Corporation
Samsung Electronics Co. Ltd.
AT&T Inc.
Verizon Communications Inc.
Vodafone Group Plc
Telefonica S.A.
Deutsche Telekom
SK Telecom
Recent Developments
In November 2021, Samsung announced about the launch of its latest automotive chip solutions, the Exynos Auto T5123 for 5G connectivity to enhance smarter and more connected automotive technologies for enriched in-vehicle experiences including entertainment, safety and comfort and other critical features on the road. This product is specifically designed to bring fast and seamless 5G connectivity in both standalone (SA) and non-standalone (NSA) mode to the next generation of connected cars.
In October 2021, Ericsson announced about the launch of end-to-end time critical communication for real time 5G experiences such as cloud gaming, AR/VR, and unlock new ones in remote control, mobility automation, and industrial control. With the launch of its new Critical IoT product, Ericsson is enhancing its 5G capabilities ensuring consistent low latency and high reliability demanded by time-critical applications and services for consumers, enterprises, and public sector.
In August 2021, Qualcomm announced about the launch of Qualcomm Flight RB5 5G Platform to offer both 5G and AI-capabilities for delivering a solution which will drive the next generation of high-performance, low-power, 5G drones. With this launch, Qualcomm combines heterogeneous, low-power computing and camera systems with AI, and long-range connectivity such as 5G, and Wi-Fi 6 to bring together the unparalleled power of 15 TOPS with advanced imaging capabilities and drone-to-drone communication.
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Global Top 15 Companies Accounted for 58% of total Smart Access Control market (QYResearch, 2021)
According to the new market research report “Global Smart Access Control Market Report 2023-2029”, published by QYResearch, the global Smart Access Control market size is projected to reach USD 1.83 billion by 2029, at a CAGR of 5.1% during the forecast period.
Figure. Global Smart Access Control Market Size (US$ Million), 2018-2029
Figure. Global Smart Access Control Top 15 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
The global key manufacturers of Smart Access Control include Ring (Amazon), Zkteco Co.,Ltd, Salto Systems, Hivision, ASSA ABLOY, Johnson Controls, dormakaba, GU Group, Suprema, HEJIANGDAHUATECHNOLOGYCO.,LTD. , etc. In 2021, the global top 10 players had a share approximately 58.0% in terms of revenue.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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US Agricultural Drone Market Trends, Challenges, and Future Prospects
US agriculture drones market is anticipated to reach the market valuation of US$ 144.8 million by 2025 expanding at a reasonable CAGR of 9.96% in the course of the forecasted period (2019-2025) from US$ 72.1 million in 2018. Drones are being used for wide variety of purposes in the last couple of years. They began as toys, and then found their application for military purposes. To add on, Amazon and Walmart began testing their own versions of drones for package delivery services, even Google has jumped in the respective segment. Some drone companies have also tested the significance of drones for medical and emergency delivery services. Moreover, approval by FAA to fly a drone in United States has further resulted in the adoption of the devices in agriculture sector. Hence, agriculture drone has begun to be used for agricultural purposes. Digital Agriculture is mainly the use of advanced technologies that are integrated into one system and enables the farmers and other stakeholders within the value chain to enhance the crop yields and improving food production. It has been observed that by 2021, digital agriculture market will be evaluated at US$ 15 billion and around 80% companies are expecting competitive advantage from Agriculture Revolution 4.0. In addition to this, with more than 65% of the food supply required to feed surging population by 2020, digital agriculture portrays immense potential to transform the way the food is produced.
With the accelerated benefits of agriculture drones in precision agriculture, rising demand for food owing to the surging population, agriculture getting stronger with Big Data along with increasing research & development investments has tremendously accelerated that demand for agriculture drones in United States. However, lack of internet connectivity in rural areas, high initial cost of purchase and other parameters such as weather conditions, flat and small view of objects, flight time and flight range, object overlap have remained a huge challenge for the agriculture drone market in United States. With the rapid technological breakthrough, farmers are opting for agricultural drones to enhance their agricultural productivity. Being one of the newest and efficient tools in agriculture, they assist the farmers in wide range of tasks from analyzing, planning to the actual planting of crops, and the subsequent monitoring of fields to ascertain health and growth of crops. Furthermore, surging investments by established players along with favorable government policies are expected to allow large and small operations to aid in effective farming practices. For instance, in 2016, US investments in agricultural drones and robotic technology amounted to US$ 389 million and approximately 40 companies raised funds. Investors such as Monsanto, Syngenta and Mitsui have backed various emerging start-ups for improving, harvesting, crop spraying and irrigation. The rising trend of implementation of UAVs for enhanced productivity and increasing awareness of precision agriculture for crop scouting and field mapping is expected to drive the adoption of drone in agriculture sector in the US.
Under the different types of the agriculture drone market, fixed-wing drones occupied maximum share in 2018. Fixed-wing agriculture drones are considered to be the best choice to monitor the field. They are primarily used when to lot of ground needs to be covered at a fast pace. It has been observed fixed-wing agriculture drones can cover up to 10 times the acreage that a typical quadcopter can cover in a single flight. The segment is anticipated to bring in earnings of US$ 56.03 million by 2025. Under various applications of agriculture drones in US market, crop spraying application is projected to enjoy the swiftest expansion in the United States throughout the reviewed period of time accredited to its superior benefits in terms of massive reduction in overall spray and much lower chemical level reaching the groundwater. With the usage of agriculture drones, the farmers can complete spraying jobs about 5 times faster than traditional methods. Moreover, the application is projected to register stable CAGR of 10.40% over the forecast period.
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Additionally, for better investigation and penetration of drones in the United States agriculture sector, a detailed regional level analysis was conducted including North East, Midwest, South and West regions. In 2018, Mid-West was one of the lucrative and the largest region in terms of adoption of agriculture drones in the US. On account of strong government support to increase the agriculture production, availability of supporting infrastructure as well as gaining prominence of smart and precision farming methods have significantly fostered the regional market. Moreover, more than 25,000 farmers using IoT in US paired with increased deployment of advanced agriculture solutions both in United States along with small farms steadily increasing investment in precision and smart farming methods to raise farm productivity have tremendously boosted United States Agriculture Drone Market. Some of the major companies profiled in United States agriculture drone market are Aero Vironment Inc, Trimble Inc, AgEagle Aerial Systems, Inc., Precision Hawk, Sentera Inc, Drone Deploy, Deveron, DJI, Intel and John Deere Company. The players consistently aim to focus on various product launches, innovations, energy-efficient products as well as mergers and acquisitions to enhance the penetration rate of agriculture drones across United States thereby strengthening their market position.
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US Agricultural Drone Market Analysis by Size, Share, Growth, Trends (2024-2032)
Introduction:
US Agricultural Drone Market is anticipated to foresee a significant growth, Mid-West to witness the highest demand, United States Agriculture Drone market was valued at US$ 72.10 million in 2018 and is anticipated to reach US$ 144.8 million by 2025 displaying explosive CAGR of 9.96% over the forecast period (2019-2025).
Drone technology in agriculture has moved rapidly through the technology hype sequence, from curiosity to irrational exuberance to overblown misfit. The progressive automation of agricultural processes has significantly improved the productivity of agriculture labor, shifting masses of workers into other productive industrial areas. Since then, scientific advances in chemistry, genetics, robotics, and many other applied sciences have fueled the accelerated development of agricultural technology. Drone technology and advanced image data analytics with the capabilities it provides have the potential to become important parts of the technology mix that could fill the gap.
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Market Dynamics:
Agricultural drones can carry a large payload of spray and can be operated more safely at a fraction of the cost compared to crop dusters, and more efficiently than manually spraying from a vehicle. The drone technology sector as well as image data processing and analytics are all in a constant state of change and development. There is a range of technologies in the development pipeline that can potentially transform the sector in the coming years. This would most likely lead to the immediate development of new uses in the agriculture industry or strengthening the impact of UAV technology in existing ones. One of the leading examples is rapid development in the field of machine learning and deep learning. Drone technology and advanced image data analytics tools are of great potential for the agriculture industry.
Based on the drone type, the market is bifurcated into fixed-wing drones, multi-rotor drones, and hybrid drones. The fixed-wing drone dominated the market with 47.2% share in 2018 and is anticipated to maintain its dominance throughout the analyzed period. The fixed-wing drones are often preferred by farmers because they can cover more area and spend more time in the air than a multi-rotor platform.
The several applications of agricultural drones include field mapping, soil monitoring, agriculture photography, crop spraying, crop monitoring. In 2018, the crop spraying dominated the market with revenue of US$ 19.45 million and is anticipated to maintain its dominance during the forecast period. Typical modern-day spraying drones have a tank capacity of over ten liters of liquid pesticide with a discharge rate of over a litre a minute, allowing them to cover a hectare in ten minutes. However, to leverage drone technology fully as a spraying platform, the spraying needs to be paired and synchronized with the above-mentioned imaging, processing, and automated analytics capabilities to address the affected areas or plants with precision. Such an approach would lead not only to the improvement of dosage in the affected areas but also to a reduction in the overall use of chemicals within the area.
Conclusion:
For a better understanding of the overall adoption of the agriculture drone in the US, detailed regional level analysis was conducted including North East, Midwest, South, and West region. Among all these regions, the Mid-West region is expected to witness considerable growth over the analyzed period due to increasing technological advancement and infrastructural development in the region.
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Some of the major players operating in the US agricultural drone market include Aero Vironment Inc, Trimble Inc, AgEagle Aerial Systems, Inc., Precision Hawk, Senetra, Drone Deploy, Deveron, DJI, Intel, and John Deere Company. These companies are entering into partnership or investing in R&D to come up with innovative products for the agricultural sector. US agricultural drone market also witnessed the emergence of various start-ups in the recent past.
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UAV Battery Market: What’s Next?
In 2020, the total global consumer UAV or drone shipment was around 5 million units. Estimates suggest this number to reach around 9.6 million units by 2030. Despite the demand, UAVs tend to face short travel range issues, which has elevated the demand for robust electrical protection systems. Subsequently, the increased demand for lithium-ion, fuel cells, and nickel batteries is widening the scope of the UAV battery market globally.
In recent years, battery technologies such as fuel cells have gained momentum with benefits like greater energy density that enables superior control and stability during movement. Doosan’s DS30 drones powered by a 2.6 kW fuel cell is one such example having four to five times the higher energy density than other batteries.
As per industry sources, the battery market has witnessed tremendous technological developments in recent years. This has pushed the production and deployment of UAV batteries, influencing the studied market to evolve at 17.46% between 2022 and 2028.
UAV Battery Market: Progression Backed by Funding
Military investments and government support for drone technology have soared immensely, elevating UAV battery stocks. In line with this, operating players are streamlining their portfolios regarding components and affordability. This growth is majorly observed in North America and Asia-Pacific.
The Asia-Pacific UAV battery market is expected to witness the fastest growth at a CAGR of 18.01% due to rising investments in battery R&D and defense budgets, such as:
China, for instance, invested $293 billion in its 2021 defense budget, focusing primarily on security & surveillance, fueling the deployment of unmanned aerial vehicles.
The Indian government liberalized drone rules by announcing a 100% subsidy for using UAVs in the agricultural sector.
The Japanese government is developing an autonomous combat drone to detect energy aircraft and eliminate any missile strikes. This development project is believed to be a joint undertaking with the US, with a prototype set to be ready for testing by 2025.
Such government measures have sored demand for lithium-based batteries, which leads the market in terms of product type. Their role in supporting long cycle life and energy efficiency in UAVs propels the segment’s growth. Hence, companies like Shenzhen Grepow Battery are launching high-technology lithium batteries to gain a competitive edge in the market.
However, geographically, North America UAV battery backs the highest position in 2021, with a CAGR of 17.54%. This growth is attributable to increasing military funding, with the United States accounting for a major share. For instance:
The US Department of Transportation FAA invested $2.7 million to support research on UAVs used in disaster preparedness, creating a high demand for Li-ion, fuel cells, etc.
The Federal government allocated around $7.5 billion to the Pentagon for the employment of numerous robotic technologies, including UAVs, for air, ground, maritime, and other domains.
Transport Canada introduced a Drone Strategy to 2025 program to provide a strategic vision for drones, raising awareness about their significance and untapped economic potential that will drive the sector’s growth.
Industry-wise Outlook: Surveillance Measures Widens Scope
Commercial, consumer, and industry verticals are key categories supporting the market’s growth. Among these, Defense, government, & law enforcement secures the majority of shares in the industry vertical segment. The high demand in the sector has guided companies like Boeing to develop drones like MQ-25 Stingray aerial refueling. In 2021, the drone completed carrier-based testing. And in early 2022, it became the first drone to refuel a Boeing F/A-18 Super Hornet. As a result, prominent players like General Atomics Aeronautical and AeroVironment Inc have integrated new technologies to develop high-endurance batteries, thereby creating opportunities for the UAV battery market.
Commercial Drones to Star with Augmented Applications
Over the last few years, the commercial application of drones has expanded from photography to monitoring agricultural land, paving the path for smart operations. Their adoption in the e-commerce sector is also expected to soar over the near future. Companies like Amazon are fueling the adoption with the launch of Prime Air Fixed-wing Drones for delivery purposes. Although the market is projected to strengthen, it faces certain challenges such as:
Issues arise from a series of electrical malfunctions mid-flight and other thermal runaway complications.
Stringent regulations that are restricting the transport of unmanned aerial vehicles.
Nevertheless, the ongoing expansion in industries and capitalization from geographies are projected to create prospects for the UAV battery market over the forecast period.
FAQs:
Q1) What is the size of the UAV battery market?
The UAV battery market was valued at $4500.80 million in 2021 and is expected to attain around $13481.66 million by the year 2028.
Q2) Who are the big players in the UAV battery market?
Plug Power, Intelligent Energy, Sion Power, Eagle Picher Technologies, Inventus Power, Shenzhen Grepow Battery, Epsilor, HES Energy Systems, RRC Power Solutions, and Doosan Corporation are some players studied in the report.
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