US Agricultural Drone Market : Current Scenario and Forecast (2019-2025): Emphasis on Drone Type (Fixed-Wing, Multi-Rotor, Hybrid), Application (Field Mapping, Crop Spraying, Agricultural Photography, Crop Monitoring, Soil Monitoring) and Region (Mid-West, South, Northeast, West)
- UNI4065901
- 186 Pages
- December 2019
- Food and Beverages
“Fixed Wing Drone is expected to dominate the US agriculture drone market during the analyzed period.”
Based on drone type, the report segments the US agricultural drone market into fixed-wing drones, multi-rotor drones and hybrid drones. Fixed-wing Agriculture drones hold the maximum market (47.2% share) and are expected to keep its dominating over the forecast period as they provide exact information and ensure the effective monitoring of the agriculture field. Fixed-wing agriculture drones are considered to be the best choice to monitor the field hence, they occupy the lead share in the market.
“Crop spraying as an agriculture drone application dominates the market in 2018 and is expected to dominate the market during the analyzed period.”
Based on application, the market is segmented into field mapping, soil monitoring, agriculture photography, crop spraying, crop monitoring. Crop spraying generated revenue of US$ 19.45 million in 2018. The segment is expected to dominate the US agriculture drone market during the analyzed period as the devices installed to support the farmers by measuring the distances with extreme precision. Application of crop sprayer results in a 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. Crop Monitoring segments are expected to witness highest rate of adoption of drones in the US in coming years.
“Mid-West the largest crop-growing region dominated the adoption of drone in the US agriculture sector in 2018”
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 regions. 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.
Competitive Landscape-Top 10 Market Players
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 emergence of various start-ups in recent past.
Reasons to buy:
• The study includes market sizing and forecasting analysis validated until 2025. The analysis presented in the report is a combination of deep-dive secondary research and input from Key Opinion Leader of the industry
• The report presents a quick review of overall industry performance at one glance
• The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies and recent developments
• Detailed examination of drivers, restraints, key trends and opportunities prevailing in the industry.
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis
• The study comprehensively covers the market across different segments and sub-segments
• Deep dive regional level analysis of the industry such as North, Mid-West, South and West
• The study also covers the comprehensive region-wise analysis in the United States
Customization Options:
Agricultural Drones market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1.1 Market Definition 16
1.2 Objective of the Study 16
1.3 Limitation 16
1.4 Stakeholders 17
1.5 Currency used in the Report 17
1.6 Scope of the United States Agriculture Drone Market Study 17
2. RESEARCH METHODOLOGY OR ASSUMPTION 18
2.1 Research Methodology for the United States Agriculture Drone Market Study 18
2.1.1 Main objective of the United States Agriculture Drone Market Study 19
3. INDUSTRY PERFORMANCE 20
4. EXECUTIVE SUMMARY 21
5. MARKET OVERVIEW 24
5.1 Introduction 24
5.1.1 Potential Benefits and Value Addition: 28
5.1.2 Agriculture Drone Developments in Recent Years in the United States: 29
5.2 Market Dynamics 29
5.2.1 Market Trend & Drivers 29
5.2.1.1 Accelerating benefits of Agricultural Drones in Precision Agriculture 29
5.2.1.2 Rising Demand for Food owing to Surging Population 31
5.2.1.2.1 Key facts about Nutrition, Farming, and Crop Varieties in the United States 31
5.2.1.3 Agriculture Getting Stronger with Big Data 33
5.2.1.4 Increasing Research & Development Investments 34
5.2.2 Market Challenges 35
5.2.2.1 Lack of Internet Connectivity in Rural Areas 35
5.2.2.2 High Initial Costs of Purchase 36
5.2.2.3 Other Parameters 37
5.2.3 Market Opportunities 38
5.2.3.1 Growing application of Telematics in Agriculture 38
5.2.3.2 Growing Job Opportunities 40
6. LEGAL & REGULATORY FRAMEWORK 42
6.1 General Overview 42
6.1.1 Data Privacy Concerns in the United States 42
6.1.2 Estimations are done by the Federal Aviation Administration (FAA) 44
6.1.3 Legal Framework in respect to Agricultural Drones in the United States 44
7. DEMAND AND SUPPLY SIDE ANALYSIS 46
7.1 Demand Side Analysis 46
7.1.1 Facts about Consumption patterns in the United States: 47
7.2 Supply Side Analysis 48
7.2.1 Key Facts on Commercial Drones in the United States 51
7.2.2 Top Partnerships 51
7.2.3 Top Mergers & Acquisitions 55
7.2.4 Top Funding 56
7.2.4.1 Key Investments Undertaken in Drone Technology in the United States 57
7.2.4.1.1 Joby Aviation–eVTOL Still in Focus 57
7.2.4.1.2 Precision Hawk 57
7.2.4.1.3 Skydio–Automate 57
7.2.4.1.4 Drone Deploy 57
7.2.5 Top Business Expansion 59
7.2.6 Top Product Launches 60
7.2.6.1 Major Funded Drone Start-up’s (US$ million) 66
7.2.7 Top Start-ups under Agriculture Drone Technology in United States 66
8. VALUE CHAIN ANALYSIS 69
8.1 Value Chain Analysis 69
9. AGRICULTURE DRONE APPLICATION 71
9.1 Overview 71
9.2 Things to Consider Before Developing Drone Solutions in Agriculture 72
9.2.1 Determining Goals 72
9.2.2 Studying the Legislation 72
9.2.3 Deciding on the Drone Hardware 72
9.2.4 Selecting the Type of Drone Software 73
9.2.5 Developing Custom-Made Drone Software 73
9.3 Business Impact of Agriculture Drones 73
9.3.1 Imaging 73
9.3.2 Input Application 73
9.3.3 Productivity 74
10. CASE STUDY- UNITED STATES AGRICULTURE DRONE 75
10.1 Case Study: NorthStar Robotics 75
10.1.1 Problem Faced 75
10.1.2 Solution 75
10.1.3 Results 76
10.2 Case Study: Prairie Robotics 76
10.2.1 Problem Faced 76
10.2.2 Solution 77
10.2.3 Results 77
11. MARKET INSIGHTS BY DRONE TYPE 78
11.1 General Overview 78
11.1.1 Fixed-wing Drone 80
11.1.1.1 Reasons to Fly Fixed Wing Agriculture Drone 81
11.1.1.1.1 Maps Site Up to 2.6X Faster 81
11.1.1.1.2 Reduce Labor costs by up to US$385 Per Mission 81
11.1.1.1.3 Complete 2X more projects per week 82
11.1.1.1.4 Map remote sites within a 5X larger fight radius 82
11.1.1.1.5 Map Corridors up to 3X Longer 83
11.1.2 Multi-Rotor Drone 84
11.1.3 Hybrid Drone 85
12. MARKET INSIGHTS BY APPLICATION 87
12.1 General Overview 87
12.1.1 Field Mapping 88
12.1.2 Agriculture Photography 89
12.1.2.1 Case Example: Agriculture: Early Plant Disease Detection 89
12.1.2.2 Data from Multispectral Imaging has the following benefits: 90
12.1.3 Crop Spraying 91
12.1.4 Crop Monitoring 92
12.1.5 Soil Monitoring 93
12.1.5.1 Prominent Sensors Installed in Agriculture Drones 94
12.1.5.1.1 Aerial Sensors 94
12.1.5.1.2 Optical Sensors 94
12.1.6 Other Applications 95
12.1.6.1 Variable Rate Technology 95
12.1.6.2 Livestock Monitoring 95
12.1.6.3 Weather Tracking and Forecasting 96
12.1.6.3.1 Key Features of Ag Premium Weather: 97
13. MARKET INSIGHTS BY REGION 98
13.1 United States Agriculture Drone Market 98
13.1.1 Adoption of Precision Agriculture in United States in Corn and Soybean Farms (%) 100
13.1.2 United States Agriculture Drone Market Share by Region 102
13.1.3 United States Agriculture Drone Market Size by Region 102
13.1.3.1 Mid-West United States Agriculture Drone Market 102
13.1.3.1.1 Facts on Agriculture Sector in the Mid-West (US) 104
13.1.3.1.2 Mid-West United States Agriculture Drone Market by Drone Type 105
13.1.3.1.3 Mid-West United States Agriculture Drone Market by Application 106
13.1.3.2 South United States Agriculture Drone Market (2019-2025) 106
13.1.3.2.1 Facts on Agriculture Sector in the South (US) 108
13.1.3.2.2 South United States Agriculture Drone Market by Drone Type 109
13.1.3.2.3 South United States Agriculture Drone Market by Application 109
13.1.3.3 North East United States Agriculture Drone Market (2019-2025) 110
13.1.3.3.1 Facts on Agriculture Sector in the Northeast (US) 110
13.1.3.3.2 North East United States Agriculture Drone Market by Drone Type 111
13.1.3.3.3 North East United States Agriculture Drone Market by Application 112
13.1.3.4 West United States Agriculture Drone Market (2019-2025) 112
13.1.3.4.1 Facts on Agriculture Sector in the West (US) 113
13.1.3.4.2 West United States Agriculture Drone Market by Drone Type 114
13.1.3.4.3 West United States Agriculture Drone Market by Application 115
14. COMPETITIVE SCENARIO 116
14.1 Porter’s Five forces analysis 116
14.1.1 Bargaining power of Supplier 117
14.1.2 Bargaining power of Buyer 117
14.1.3 Industry Rivalry 118
14.1.4 Availability of Substitute 118
14.1.5 Threat of new Entrants 118
14.2 Competitive Landscape 119
14.2.1 Market Share of Key Players in Agriculture Drone Market in United States, 2018 119
15. TOP COMPANY PROFILES 122
15.1 AeroVironment Inc 122
15.1.1 Key Facts 122
15.1.2 Business Description 122
15.1.3 Key Product/Services Offerings 123
15.1.4 Growth Strategy 124
15.1.5 SWOT Analysis 124
15.1.6 Key Financials 125
15.1.6.1 Revenue Split by Region and Segment 126
15.1.6.2 Financial Overview of AeroVironment Inc 126
15.1.7 Recent Developments 126
15.1.7.1 Product Launches 126
15.1.7.2 AeroVironment Inc Partnerships (Strategic Alliance) 127
15.1.7.3 Business Expansions 128
15.1.7.4 Mergers& Acquisitions 128
15.2 Trimble Inc. 129
15.2.1 Key Facts 129
15.2.2 Business Description 129
15.2.3 List of Trimble Companies 130
15.2.4 Key Product/Services Offerings 131
15.2.5 Growth Strategy 132
15.2.6 SWOT Analysis 132
15.2.7 Key Financials 133
15.2.7.1 Revenue Split 134
15.2.7.2 Financial Overview of Trimble Inc 134
15.2.8 Recent Developments 135
15.2.8.1 Product Launch 135
15.2.8.2 Partnership (Strategic Alliance) 135
15.3 Deere and Company 136
15.3.1 Key Facts 136
15.3.2 Business Description 136
15.3.3 Key Product/Services Offerings 137
15.3.4 Growth Strategy 138
15.3.5 SWOT Analysis 138
15.3.6 Key Financials 139
15.3.6.1 Revenue Split 140
15.3.6.2 Financial Overview of Deere & Company 140
15.3.7 Recent Developments 140
15.3.7.1 Product Launch 140
15.3.7.2 Business Expansion & Investments 141
15.4 AgEagle Aerial Systems, Inc 142
15.4.1 Key Facts 142
15.4.2 Business Description 142
15.4.3 Key Product/Services Offerings 143
15.4.4 Some other Offerings of the Company 143
15.4.5 Growth Strategy 144
15.4.5.1 Forward-Looking Growth Strategy of the company 144
15.4.6 SWOT Analysis 145
15.4.7 Key Financials 146
15.4.7.1 Revenue Split 147
15.4.7.2 Financial Overview of AgEagle Aerial Systems 147
15.4.8 Recent Developments 147
15.4.8.1 Product Launch 147
15.4.8.2 Business Expansions 147
15.4.8.3 Partnership (Strategic Alliance) 148
15.4.8.4 Merger & Acquisitions 148
15.5 Drone Deploy 149
15.5.1 Key Facts 149
15.5.2 Business Description 149
15.5.3 Key Product/Services Offerings 149
15.5.3.1 Product Lifecycle of Drone Deploy 150
15.5.3.2 Prime Markets Served by Drone Deploy 150
15.5.3.3 Application of Drones in Agriculture 151
15.5.4 Growth Strategy 152
15.5.5 SWOT Analysis 152
15.5.6 Recent Developments 153
15.5.6.1 Product Launch 153
15.5.6.2 Partnership (Strategic Alliance) 153
15.5.6.3 Business Expansions and Investments 154
15.6 DJI Technology Co Ltd 155
15.6.1 Key Facts 155
15.6.2 Business Description 155
15.6.3 Key Product/Services Offerings 156
15.6.4 DJI Growth Strategy 156
15.6.5 SWOT Analysis 157
15.6.6 Recent Developments 157
15.6.6.1 Product Launch 157
15.6.6.2 Partnerships (Strategic Alliance) 158
15.6.6.3 Business Expansion & Investments 159
15.7 Deveron UAS Corp 160
15.7.1 Key Facts 160
15.7.2 Business Description 160
15.7.3 Key Product/Services Offerings 160
15.7.3.1 Product and Service Category of the Company 161
15.7.3.2 Working Process of the Company 161
15.7.4 Key Financials 162
15.7.4.1 Revenue Split 163
15.7.4.2 Financial Overview of Deveron UAS Group 163
15.7.5 Recent Developments 164
15.7.5.1 Product Launch 164
15.7.5.2 Partnership (Strategic Alliance) 164
15.7.5.3 Business Expansions 164
15.7.5.4 Merger & Acquisitions 165
15.8 Intel Corporation 166
15.8.1 Key Facts 166
15.8.2 Business Description 166
15.8.3 Key Product/Services Offerings 167
15.8.4 Intel Corporation Growth Strategy 167
15.8.5 Intel Commitments 167
15.8.6 Milestones Achieved by Intel Corporation 168
15.8.7 SWOT Analysis 168
15.8.8 Key Financials 169
15.8.8.1 Revenue Split 170
15.8.8.2 Financial Overview of Intel Corporation 170
15.8.9 Recent Developments 170
15.8.9.1 Product Launches 170
15.8.9.2 Partnership (Strategic Alliance) 171
15.9 Precision Hawk 172
15.9.1 Key Facts 172
15.9.2 Business Description 172
15.9.3 Key Product/Services Offerings 172
15.9.3.1 Services & Solutions Offered 173
15.9.4 Investors List of Precision Hawk 173
15.9.5 Precision Hawk Growth Strategy 173
15.9.6 Milestones Achieved by Precision Hawk 174
15.9.7 SWOT Analysis 174
15.9.8 Recent Developments 175
15.9.8.1 Product Launches 175
15.9.8.2 Partnerships (Strategic Alliance) 175
15.9.8.3 Business Expansions & Investments 176
15.9.8.4 Merger& Acquisitions 176
15.10 Sentera 177
15.10.1 Key Facts 177
15.10.2 Business Description 177
15.10.3 Key Product/Services Offerings 177
15.10.4 Journey of Sentera 178
15.10.5 Sentera Key Capabilities 178
15.10.6 SWOT Analysis 179
15.10.7 Recent Developments 179
15.10.7.1 Product Launches 179
15.10.7.2 Partnership (Strategic Alliance) 180
15.10.7.3 Business Expansion & Investments 181
TABLE 2 Private Company Offering Telematics for Agriculture 39
TABLE 3 Economic Impact of Commercial Drone and Job Created in the Different States of the United States 40
TABLE 4 Top Partnerships 51
TABLE 5 Top Mergers& Acquisitions 55
TABLE 6 Top Funding 56
TABLE 7 Top Business Expansion 59
TABLE 8 Top Product Launches 60
TABLE 9 Agricultural Technology, Driving Value in Agribusiness 70
TABLE 10 Census of Agriculture, US 99
TABLE 11 Number of Farms, Land in Farms, and Average Farm Size in US 2011-2018 100
TABLE 12 Number of Farms, Land in Farms, and Average Farm Size by Economic Sales Class in US 2017-2018 100
TABLE 13 Number of Farms, Land in Farms, and Average Farm Size in by States Mid-West (US) 2017-2018 104
TABLE 14 Number of Farms, Land in Farms, and Average Farm Size by States South (US) 2017-2018 108
TABLE 15 Number of Farms, Land in Farms, and Average Farm Size by States Northeast (US) 2017-2018 110
TABLE 16 Number of Farms, Land in Farms, and Average Farm Size by States West (US) 2017-2018 113
TABLE 17 Top Drone Service Providers in the United States, 2019 120
TABLE 18 AeroVironment Inc Key Facts 122
TABLE 19 Product segmentation of AeroVironment Inc 123
TABLE 20 AeroVironment Inc Product Launches 126
TABLE 21 AeroVironment Inc Partnerships 127
TABLE 22 AeroVironment Inc Business Expansions 128
TABLE 23 AeroVironment, Inc. Mergers and Acquisitions 128
TABLE 24 Trimble Inc Key Facts 129
TABLE 25 Trimble Inc Key Facts 130
TABLE 26 Product segmentation of Trimble Inc. 131
TABLE 27 Trimble Inc. Growth Strategy 132
TABLE 28 Trimble Inc Product Launch 135
TABLE 29 Trimble Inc Partnership (Strategic Alliance) 135
TABLE 30 Deere and Company Key Facts 136
TABLE 31 Product segmentation of Deere & Company 137
TABLE 32 Deere& Company Growth Strategy 138
TABLE 33 Deere & Company Product Launch 140
TABLE 34 Deere & Company Business Expansion & Investments 141
TABLE 35 Ag Eagle Aerial Systems, Inc Key Facts 142
TABLE 36 Product segmentation of AgEagle Aerial Systems, Inc 143
TABLE 37 AgEagle Aerial Systems, Inc Other Offerings 143
TABLE 38 AgEagle Aerial Systems, Inc Growth Strategy 144
TABLE 39 AgEagle Aerial Systems Product Launch 147
TABLE 40 AgEagle Aerial Systems Business Expansions 147
TABLE 41 AgEagle Aerial Systems Partnership (Strategic Alliance) 148
TABLE 42 AgEagle Aerial Systems Merger & Acquisitions 148
TABLE 43 Drone Deploy Key Facts 149
TABLE 44 Product segmentation of Drone Deploy 149
TABLE 45 Drone Deploy Growth Strategy 152
TABLE 46 Drone Deploy Product Launch 153
TABLE 47 Drone Deploy Partnership (Strategic Alliance) 153
TABLE 48 Drone Deploy Business Expansions & Investments Merger & Acquisitions 154
TABLE 49 DJI Technology Co Ltd Key Facts 155
TABLE 50 Product segmentation of DJI Technology 156
TABLE 51 DJI Technology Growth Strategy 156
TABLE 52 DJI Technology Product Launch 157
TABLE 53 DJI Technology Partnerships (Strategic Alliance) 158
TABLE 54 DJI Technology Business Expansions & Investments 159
TABLE 55 Deveron UAS Corp Key Facts 160
TABLE 56 Product segmentation of Deveron UAS Corp 160
TABLE 57 Deveron UAS Corp Growth Strategy 162
TABLE 58 Deveron UAS Corp Product Launch 164
TABLE 59 Deveron UAS Corp Partnership (Strategic Alliance) 164
TABLE 60 Deveron UAS Corp Business Expansions 164
TABLE 61 Deveron UAS Corp Merger & Acquisitions 165
TABLE 62 Intel Corporation Key Facts 166
TABLE 63 Product segmentation of Intel Corporation Company 167
TABLE 64 Intel Corporation Company Growth Strategy 167
TABLE 65 Intel Corporation Product Launches 170
TABLE 66 Intel Corporation Partnership (Strategic Alliance) 171
TABLE 67 Precision Hawk Key Facts 172
TABLE 68 Product segmentation of PrecisionHawk Inc. 172
TABLE 69 Services & Solutions Offered by PrecisionHawk 173
TABLE 70 Precision Hawk Growth Strategy 173
TABLE 71 Precision Hawk Product Launches 175
TABLE 72 Precision Hawk Inc. Partnerships 175
TABLE 73 Precision Hawk Inc. Business Expansions, Investment and Divestitures 176
TABLE 74 Precision Hawk Merger & Acquisitions 176
TABLE 75 Sentera Key Facts 177
TABLE 76 Product segmentation of Sentera Company 177
TABLE 77 Sentera Product Launches 179
TABLE 78 Sentera Partnership (Strategic Alliance) 180
TABLE 79 Sentera Business Expansion & Investment 181
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