Report Overview

United States Agricultural Drones Market - Industry Trends & Forecast Report, 2030

United States Agricultural Drones Market size was estimated to be worth USD 562.40 million in 2023. During the forecast period between 2024 and 2030, United States Agricultural Drones Market size is projected to expand at a robust CAGR of 15.83%, reaching a value of USD 1,582.40 million by 2030. Major growth factors for United States Agricultural Drones Market include increasing demand for agricultural products and rising food demand owing to population expansion. The US agricultural industry is revolutionizing rapidly, and the adoption of precision farming is increasingly gaining traction, which is anticipated to propel the growth of United States Agriculture Drones Market over the forecast period.

Agricultural Drones – Overview

An agricultural drone monitors crop development and assists 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.

United States Agricultural Drones Market

Growth Drivers

Rising Adoption of Precision Farming

Precision farming is gaining significant traction in the United States agriculture sector to increase crop yield and boost profits. According to a 2023 report by the US Department of Agriculture (USDA), around 27% of US farms employ precision farming technologies to manage crops and livestock. Agriculture drones play a crucial factor in precision farming, as their multi-spectral imaging technology captures images and videos of the farmland and the data is used to access crop health, monitor water and nutrient levels and detect pests and diseases. The high focus towards optimizing crop yield and achieving sustainability in agricultural practices is anticipated to drive United States Agricultural Drones Market over the forecast period.

Challenges

High Cost of Agricultural Drones

One of the leading factors that limits the widespread adoption of agricultural drones in the United States is the high cost associated with it. An average entry-level agricultural drone can range around USD 5,000 and USD 10,000, with more advanced models going up to as much as USD 15,000 and more. In addition to the cost of hardware, farmers also have to incur the cost of software that collects and processes the data and provides useful insights. The cost of maintenance and services also makes farmers susceptible for adopting agricultural drones, which negatively impacts its market growth in the United States.

Impact of Escalating Geopolitical Tensions on United States Agricultural Drones Market

Intensifying and further spreading of geopolitical tensions among countries across the major regions could adversely affect the growth of United States Agricultural Drones Market. Geopolitical conflicts, such as United States-China complex and sensitive relationship, directly result in supply chain disruption owing to trade barriers, tariffs, and restrictions. The disruption in the supply chain causes a shortage or spike in the cost of key components involved in the manufacturing of agricultural drones, which interrupts its production operations and leads to a shortage of products in the market. In addition, geopolitical tensions also lead to economic uncertainty and may discourage farmers from investing in advanced technologies and the adoption of precision farming, which eventually affects United States Agricultural Drones Market as well.

United States Agricultural Drones Market

Segmental Coverage

United States Agricultural Drones Market – By Type

Based on type, United States Agricultural Drones Market is segmented into fixed-wing and rotary-wing. The fixed-wing segment accounts for a higher market share. Fixed-wing drones have a greater cargo capacity, a more prolonged range, and longer flight times. Fixed-wing drones are more effective in terms of flying time and range because of their aerodynamic design. They are perfect for long-distance inspections, aerial surveys, and mapping since they can stay in the air for lengthy periods of time and cover enormous regions.

United States Agricultural Drones Market – By Component

On the basis of component, United States Agricultural Drones Market is segmented into hardware, software, and services. The hardware segment holds the largest share in United States Agricultural Drones Market. As precision farming is gaining traction in the United States agriculture sector, the demand for hardware is surging for its successful implementation. New developments in sensors, propulsion systems, materials science, and communication technology are propelling the advancement of increasingly complex and specialized agricultural drones, which is anticipated to present new growth opportunities to the Agricultural Drones Market during the forecast period.

United States Agricultural Drones Market – By Farming Environment

Based on farming environment, United States Agricultural Drones Market is segmented into indoor farming and outdoor farming. The outdoor farming segment accounts for a higher market share, owing to its large-scale practice. Agricultural drones assist farmers in effectively managing agriculture operations, such as monitoring crop health for maximum yield and quality, pest detection for crop protection, crop yield estimation, and environment monitoring, including land use assessment. However, the indoor farming segment is also growing at the highest rate owing to the expanding vertical farming practices in the United States.

Competitive Landscape

United States Agricultural Drones market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include AgEagle Aerial Systems, AeroVironment, 3D Robotics, PrecisionHawk, Sentera, Yamaha Motor, Skydio, Delair-Tech, Honeycomb Corp., and AutoCopter Corp. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In February 2024 – Volatus Aerospace, an aircraft company based in Canada, received the Federal Aviation Administration's (FAA) authorization for commercial aircraft operations using drones in the United States.

Scope of the Report

By Type

• Fixed Wing

• Rotary Wing

By Component

• Hardware

• Software

• Services

By Farming Environment

• Indoor Farming

• Outdoor Farming

By Application

• Crop Management

• Field Management

• Crop Spraying

• Livestock Monitoring

• Variable Rate Farming Environment (VRA)

• Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. United States Agricultural Drones Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Precision Agriculture and Data Analytics
         2. Labor Shortages in Agriculture
         3. Increasing Food Demand and Rising Population
      2. Restraints
         1. High Initial Investment
         2. Complex Regulations and Permitting
      3. Opportunities
         1. Environmental Concerns and Sustainability
         2. Advancement in Technology
      4. Challenges
         1. Limited Battery Life
         2. Lack of Skilled Operators
   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. United States Agricultural Drones Market: Marketing Strategies
5. United States Agricultural Drones Market: Pricing Analysis
6. United States Agricultural Drones 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
      2. By Component
         1. Hardware
         2. Software
         3. Services
      3. By Farming Environment
         1. Indoor Farming
         2. Outdoor Farming
      4. By Application
         1. Crop Management
         2. Field Management
         3. Crop Spraying
         4. Livestock Monitoring
         5. Variable Rate Farming Environment (VRA)
         6. Others
7. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. United States Agricultural Drones Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on United States Agricultural Drones Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. AgEagle Aerial Systems
   2. AeroVironment
   3. 3D Robotics
   4. PrecisionHawk
   5. Sentera
   6. Yamaha Motor
   7. Skydio
   8. Delair-Tech
   9. Honeycomb Corp
   10. AutoCopter Corp
   11. Other Prominent Players
10. Key Strategic Recommendations
11. 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, By Country
    5.    Assumptions & Limitations

*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       United States Agricultural Drones  Segmentation

Figure 2       United States Agricultural Drones  Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       United States Agricultural Drones  Market Size, By Value (USD Million), 2019–2030

Figure 5       United States Agricultural Drones  Market Share, By Type,  By Value, 2019–2030

Figure 6       United States Agricultural Drones  Market Share, By Components, By Value, 2019–2030

Figure 7       United States Agricultural Drones  Market Share, By Farming Environment,  By Value, 2019–2030

Figure 8       United States Agricultural Drones  Market Share, By Application, By Value, 2019–2030

List of Tables

Table 1        United States Agricultural Drones  Market Size, By Value (USD Million), 2019–2030

Table 2        United States Agricultural Drones  Market Size, By Type,  By Value, 2019–2030

Table 3        United States Agricultural Drones  Market Size, By Components, By Value, 2019–2030

Table 4        United States Agricultural Drones  Market Size, By Farming Environment,  By Value, 2019–2030

Table 5        United States Agricultural Drones  Market Size, By Application, By Value, 2019–2030

Table 6        AgEagle Aerial Systems Company Overview

Table 7        AgEagle Aerial Systems Financial Overview

Table 8        AeroVironment Company Overview

Table 9        AeroVironment Financial Overview

Table 10      3D Robotics Company Overview

Table 11      3D Robotics Financial Overview

Table 12      PrecisionHawk Company Overview

Table 13      PrecisionHawk Financial Overview

Table 14      Sentera Company Overview

Table 15      Sentera Financial Overview

Table 16      Yamaha Motor Company Overview

Table 17      Yamaha Motor Financial Overview

Table 18      Skydio Company Overview

Table 19      Skydio Financial Overview

Table 20      Delair-Tech Company Overview

Table 21      Delair-Tech Financial Overview

Table 22      Honeycomb Corp Company Overview

Table 23      Honeycomb Corp Financial Overview

Table 24      AutoCopter Corp Company Overview

Table 25      AutoCopter Corp Financial Overview