Report Overview

South Korea Agriculture Drone Market – Industry Trends & Forecast Report, 2030

South Korea Agriculture Drone Market size by value was estimated at USD 298.12 million in 2023. During the forecast period between 2024 and 2030, the South Korea Agriculture Drone Market size is expected to expand at a CAGR of 5.12% reaching a value of USD 345.51 million by 2030. The South Korea Agriculture Drones Market is soaring, driven by a convergence of factors propelling innovation. Key players like DJI, Yamaha, and Parrot are spearheading this revolution with cutting-edge technology. Rising demand for efficient crop monitoring, fueled by shrinking arable land and a growing population, is pushing the industry forward. Notable events like the government's initiatives to promote smart farming and the integration of AI in drone systems are further amplifying growth. With companies like DJI leading the charge in developing advanced aerial imaging solutions, the future of agriculture in South Korea is poised for transformation.

By volume, the South Korea Agriculture Drone Market size was estimated at 1.9 thousand units in 2023. During the forecast period between 2024 and 2030, the South Korea Agriculture Drone Market size is projected to grow at a CAGR of 4.58% reaching a volume of 2.6 thousand units by 2030. The South Korea Agriculture Drone Market is experiencing rapid growth driven by several factors. Firstly, the increasing adoption of precision agriculture techniques to enhance productivity and reduce labor costs propels demand. Key players like DJI and Yamaha are pioneering innovative drone technologies tailored for agricultural use, offering solutions for crop monitoring and spraying. Additionally, government initiatives promoting modernization in agriculture bolster market expansion. With the market poised for exponential growth, companies like XAG and SenseFly are poised to capitalize on emerging opportunities, driving further innovation and competition.

Agriculture Drones and Robots – Overview

Agricultural drones, or UAVs, are cutting-edge tools revolutionizing farming. They're equipped with specialized sensors and cameras, capturing detailed aerial images of crops and soil. Farmers utilize them for efficient crop monitoring, early issue detection, and optimizing farming techniques. Their popularity stems from benefits like enhanced productivity and resource management. These drones are integral for modern agriculture, offering unprecedented insights and efficiencies. As technology progresses, expect even more advanced iterations to further transform farming practices, ensuring sustainable and optimized yields for the future.

South Korea Agriculture Drone Market   

Growth Drivers

Growing Need for Precision Agriculture

Growing need for precision agriculture drives the South Korea Agriculture Drone Market. As farmers strive to maximize yields and minimize resource usage, drones emerge as indispensable tools. Precision agriculture techniques demand accurate, timely data on crop health, soil conditions, and pest infestations. Drones equipped with high-resolution cameras, multispectral sensors, and GPS capabilities offer farmers unprecedented insights into their fields. By facilitating targeted interventions such as precision spraying and crop monitoring, drones empower farmers to optimize productivity while reducing environmental impact, thus fueling the demand for advanced aerial technology in South Korea.

Challenges

Limited Awareness and Knowledge

Limited awareness and knowledge pose a significant restraint to the South Korea Agriculture Drones Market. Despite the potential benefits drones offer in agriculture, many farmers remain unaware of their capabilities or lack the necessary expertise to integrate them effectively into their operations. Misconceptions about costs, regulations, and technical complexities further hinder adoption. Additionally, a shortage of skilled personnel capable of operating and maintaining drone systems exacerbates the challenge. Without adequate education and support programs to bridge this knowledge gap, the uptake of agricultural drones in South Korea may be stymied, impeding the industry's growth potential.

South Korea Agriculture Drone Market   

Segmental Coverage

South Korea Agriculture Drone Market – By Type

Based on type, South Korea Agriculture Drone Market is divided into Fixed Wing, Rotary Wing, and Hybrid Wing segments. The rotary wing segment is the largest drone type in the South Korea Agriculture Drone Market. The drones, equipped with rotating blades similar to helicopters, offer versatility and maneuverability, making them suitable for various agricultural tasks such as crop monitoring, spraying pesticides, and mapping. Their ability to hover and take off vertically makes them particularly well-suited for navigating complex terrain common in agricultural settings. Additionally, advancements in technology have enhanced their efficiency and capabilities, further driving their popularity among farmers and agricultural enterprises in South Korea.

South Korea Agriculture Drone Market – By Component

Based on component, South Korea Agriculture Drone Market is divided into Hardware (Frames, Flight Control Systems, Navigation Systems, Propulsion Systems, Cameras, and Sensors); Software (Data Management, Imaging, and Data Analytics); and Services (Professional Services and Managed Services)) segments. The hardware segment is the largest component in the South Korea Agriculture Drone Market, encompassing Frames, Flight Control Systems, Navigation Systems, Propulsion Systems, Cameras, and Sensors. The segment forms the foundational infrastructure of agricultural drone technology, providing the physical components necessary for flight and data collection. It includes essential hardware components vital for drone operation and data acquisition in agricultural settings. As the backbone of the market, hardware constitutes the fundamental building blocks upon which software and services rely for effective functionality and performance, making it the most substantial segment in the agricultural drone industry in South Korea.

South Korea Agriculture Drone Market – By Farming Environment

Based on farming environment, South Korea Agriculture Drone Market is divided into Indoor Farming and Outdoor Farming segments. Outdoor farming segment is a larger farming environment in the South Korea Agriculture Drone Market. The segment encompasses the use of drones in open fields, orchards, vineyards, and other outdoor agricultural settings. Outdoor farming drones are utilized for various tasks such as crop monitoring, pest control, irrigation management, and crop spraying. With South Korea's significant agricultural sector, outdoor farming presents a vast market opportunity for drone technology adoption, driven by the need for efficient and precise farming practices to enhance crop yields and sustainability. The segment's growth is propelled by advancements in drone technology tailored to meet the demands of outdoor agricultural operations.

South Korea Agriculture Drone Market – By Payload Capacity

By payload capacity, South Korea Agriculture Drone Market is divided into Small Drones (>25 kg), Medium Drones (25–100 kg), and Large Drones (Above 150 kg) segments. The small drones segment is the largest in the South Korea Agriculture Drone Market, which encompasses drones weighing over 25 kg. Drones are versatile and widely used for various agricultural tasks, such as crop monitoring, spraying, and mapping. While medium drones (25–100 kg) and large drones (Above 150 kg) also have their niche applications, the small drones segment dominates due to its agility, cost-effectiveness, and suitability for small to medium-sized farms prevalent in South Korea. The segment's popularity is driven by its ability to provide precise and efficient solutions for modern agricultural practices.

South Korea Agriculture Drone Market – By Application

By application, South Korea Agriculture Drone Market is divided into Crop Management, Field Management, Crop Spraying, and Livestock Monitoring segments. The crop spraying segment is the largest application in the South Korea Agriculture Drone Market. The segment involves the use of drones for precision application of fertilizers, pesticides, and other agrochemicals to crops. It plays a crucial role in enhancing crop yields and reducing manual labor costs. Additionally, crop management, field management, and livestock monitoring are significant segments that contribute to the overall efficiency and productivity of agricultural operations. However, crop spraying stands out as the most substantial segment due to its direct impact on crop health and yield optimization in South Korea's agriculture sector.

Competitive Landscape

Major players in the South Korea Agriculture Drone Market include INTOSKY, Giant Drone, DJI Agriculture, HELSEL Co., Ltd, PRENEU Co., Ltd, XAG Co., Ltd, JIYI UAV, Doosan Mobility Innovation, UCONSYSTEM, and Huida Tech. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Type

• Fixed Wing

• Rotary Wing

• Hybrid Wing

By Component

• Hardware

1. Frames

2. Flight Control Systems

3. Navigation Systems

4. Propulsion Systems

5. Cameras

6. Sensors

• Software

1. Data Management

2. Imaging

3. Data Analytics

• Services

1. Professional Services

2. Managed Services

By Farming Environment

• Indoor Farming

• Outdoor Farming

By Payload Capacity

• Small Drones (>25 kg)

• Medium Drones (25–100 kg)

• Large Drones (Above 150 kg)

By Application

• Crop Management

• Field Management

• Crop Spraying

• Livestock Monitoring

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. South Korea Agriculture Drone Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing need for precision agriculture:
         2. Government support
         3. Increasing demand for modern farming solutions across the agriculture industry
         4. Increasing data-driven approach
      2. Restraints
         1. High initial investment cost
         2. Limited awareness and knowledge
         3. Stringent regulations regarding drone flight operation
      3. Opportunities
         1. Development of integrated solutions
         2. Focus on affordability and ease of use
         3. Advancements in drone technology
      4. Challenges
         1. Data security and privacy concerns
         2. Lack of skilled workforce
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. South Korea Agriculture Drone Market: Marketing Strategies
5. South Korea Agriculture Drone Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1.  Fixed Wing
         2. Rotary Wing
         3. Hybrid Wing
      2. By Component
         1. Hardware
            1. Frames
            2. Flight Control Systems
            3. Navigation Systems
            4. Propulsion Systems
            5. Cameras
            6. Sensors
            7. Others
         2. Software
            1. Data Management
            2. Imaging
            3. Data Analytics
            4. Others
         3. Services
            1. Professional Services
            2. Managed Services
      3. By Farming Environment
         1. Indoor Farming
         2. Outdoor Farming
      4. By Payload Capacity
         1. Small Drones (>25 kg)
         2. Medium Drones (25–100 kg)
         3. Large Drones (Above 150 kg)
      5. By Application
         1. Crop Management
         2. Field Management
         3. Crop Spraying
         4. Livestock Monitoring
         5. Others
6. Competitive Landscape
   1. List of Key Players and Their Range
   2. South Korea Agriculture Drone Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership)
7. Impact of Escalating Geopolitical Tensions on South Korea Agriculture Drone Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
   1. INTOSKY
   2. Giant Drone
   3. DJI Agriculture
   4. HELSEL Co., Ltd
   5. PRENEU Co., Ltd
   6. XAG Co., Ltd
   7. JIYI UAV
   8. Doosan Mobility Innovation
   9. UCONSYSTEM
   10. Huida Tech
   11. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents
    5. Assumption & Limitation

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       South Korea Agriculture Drone Segmentation                            

Figure 2       South Korea Agriculture Drone Market Value Chain Analysis       

Figure 3       Company Market Share Analysis, 2023                            

Figure 4       South Korea Agriculture Drone Market Size, By Value (USD Million), 2019–2030                                     

Figure 5       South Korea Agriculture Drone Market Share, By Type, By Value (USD Million), 2019–2030                              

Figure 6       South Korea Agriculture Drone Market Share, By Component, By Value (USD Million), 2019–2030                                    

Figure 7       South Korea Agriculture Drone Market Share, By Farming Environment, By Value (USD Million), 2019–2030                            

Figure 8       South Korea Agriculture Drone Market Share, By Payload Capacity, By Value (USD Million), 2019–2030                                    

Figure 9       South Korea Agriculture Drone Market Share, By Application, By Value (USD Million), 2019–2030                 

List of Tables      

Table 1        South Korea Agriculture Drone Market Size, By Type, By Value (USD Million), 2019–2030

Table 2        South Korea Agriculture Drone Market Share, By Component, By Value (USD Million), 2019–2030

Table 3        South Korea Agriculture Drone Market Share, By Farming Environment, By Value (USD Million), 2019–2030

Table 4        South Korea Agriculture Drone Market Share, By Payload Capacity, By Value (USD Million), 2019–2030

Table 5        South Korea Agriculture Drone Market Share, By Application, By Value (USD Million), 2019–2030       

Table 6        INTOSKY Company Overview                       

Table 7        INTOSKY Financial Overview                        

Table 8        Giant Drone Company Overview                  

Table 9        Giant Drone Financial Overview                   

Table 10      DJI Agriculture Company Overview                        

Table 11      DJI Agriculture Financial Overview                         

Table 12      HELSEL Co., Ltd Company Overview                      

Table 13      HELSEL Co., Ltd Financial Overview                       

Table 14      PRENEU Co., Ltd Company Overview                     

Table 15      PRENEU Co., Ltd Financial Overview                      

Table 16      XAG Co., Ltd Company Overview                           

Table 17      XAG Co., Ltd Financial Overview                  

Table 18      JIYI UAV Company Overview                       

Table 19      JIYI UAV Financial Overview                        

Table 20      Doosan Mobility Innovation Company Overview                         

Table 21      Doosan Mobility Innovation Financial Overview                          

Table 22      UCONSYSTEM Company Overview                         

Table 23      UCONSYSTEM Financial Overview

Table 24      Huida Tech Company Overview                    

Table 25      Huida Tech Financial Overview