Australia Agriculture Drones Market Size Zooming at CAGR of 35% to Cross USD 202 Million by 2029

Published | 14 September 2023

Australia agriculture drones market is gaining traction because of the higher efficiency and cost savings and data driven decision-making.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Australia agriculture drones market size at USD 24.7 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Australia agriculture drones market size to grow at a robust CAGR of 35% reaching a value of USD 202.1 million by 2029. The rising food demand brought on by the country's expanding population and the growing use of precision farming are two major growth drivers for the Australia agriculture drones market. Additionally, throughout the forecast period, the agriculture drones market in Australia is anticipated to benefit from rising government initiatives to promote agricultural automation.

Australia Agriculture Drones Market – Overview

An agriculture drone is used in agriculture to monitor crop development and assist farmers in producing more crops. Farmers may get a more detailed view of their fields using sensors and digital imaging technologies. They can also monitor the condition of the plants in a certain region and identify which field areas need care by employing drones for agriculture mapping. Drones are also helpful with precision agriculture by carrying out a number of activities, such as soil health monitoring, seeding, fertilizer application, crop stress management, irrigation schedule planning, weed control, crop yield management, and weather analysis.

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Australia Agriculture Drones Market

Segmental Information

Australia Agriculture Drones Market – By Component

Based on component, the Australia agriculture drones market is segmented into cameras, batteries, navigation systems, and others. The camera segment holds the largest share in the Australia agriculture drones market. The most common kind of camera used in agricultural drones is an RGB camera, which is suitable for basic crop mapping and monitoring. These cameras can record images in high quality, making them appropriate for determining the health of plants as well as their growth patterns and other visible traits.

Impact of COVID-19 on the Australia Agriculture Drones Market

The unprecedented COVID-19 pandemic presented lucrative growth opportunities to the Australia agriculture drones market. The imposition of regional lockdown and social distancing restrictions directly impacted the smooth functioning of the agriculture sector. The shortage of labor resulted in disruptions in the production activities, which caused decreased yield and reduced revenues for the farmers. This prompted the farmers to adopt advanced technologies such as agricultural robots and machinery and automation into their operations, which significantly boosted the demand for agriculture drones in Australia.

Competitive Landscape

Major players operating in the Australian agriculture drones market include PrecisionHawk, senseFly, Parrot, DJI, Yamaha Motor, Quantix, AgEagle Aerial Systems, DroneDeploy, Aerobotics, and Sentera.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Australia Agriculture Drones Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Australia Agriculture Drones Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Australia Agriculture Drones Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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