Report Overview

Vietnam Agriculture Drones and Robots Market – Industry Trends & Forecast Report, 2030

Vietnam Agriculture Drones and Robots Market size by value was estimated at USD 247.29 million in 2023. During the forecast period between 2024 and 2030, the Vietnam Agriculture Drones and Robots Market size is expected to expand at a CAGR of 4.76% reaching a value of USD 363.7 million by 2030. The surge in the Vietnam Agriculture Drones and Robots Market is fueled by escalating demand spurred by applications in animal farming, crop production, field mapping, and more, both domestically and globally.

By volume, the Vietnam Agriculture Drones and Robots Market size was estimated at 2.2 thousand units in 2023. During the forecast period between 2024 and 2030, the Vietnam Agriculture Drones and Robots Market size is projected to grow at a CAGR of 3.51% reaching a volume of 2.8 thousand units by 2030. The Vietnam Agriculture Drones and Robots 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. Notable events like the Vietnam International Agricultural Exhibition showcase the latest advancements, attracting both local and international players. 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

Agriculture drones and robots play vital roles in crop management, including monitoring, applying pesticides, fertilizing, and harvesting. They offer farmers increased efficiency and productivity while cutting costs. Drones are airborne devices used for data collection and agricultural tasks like crop dusting and field mapping, aiding in crop planning and soil management. Agricultural robots are designed for various tasks such as planting, weeding, sorting, and monitoring soil and vegetation health. Though currently more prevalent in harvesting, the mechanization of agriculture is expanding, promising further advancements in crop management and labor efficiency.

Vietnam Agriculture Drones and Robots Market  

Growth Drivers

Automation Revolutionizing Agriculture

The Vietnam agriculture sector is undergoing a significant transformation propelled by automated farm machinery. Influenced by factors like population growth, trade policies, and consumer demand for organic products, farmers are facing labor shortages for crop maintenance. To tackle the challenge, drones and robots are increasingly being employed worldwide to enhance crop quality and productivity while reducing labor costs. Governments are actively promoting innovative farming technologies, resulting in a surge in the adoption of drones in agriculture. The shift towards automation is reshaping the agricultural landscape, marking a pivotal moment in the industry's evolution.

Challenges

Privacy-Aware Innovations

Amid escalating privacy concerns, Vietnam Agriculture Drones and Robots Market is experiencing a surge driven by privacy-aware innovations. Farmers embrace solutions offering robust data encryption and anonymization features, ensuring sensitive information remains protected. These advancements alleviate apprehensions regarding data misuse, fostering trust among stakeholders. Regulatory bodies enforce stringent guidelines mandating data security protocols, further bolstering market growth. As demand for privacy-centric technologies rises, manufacturers invest in research and development, introducing cutting-edge solutions tailored to agricultural needs while prioritizing data integrity. The convergence of privacy and technology propels the sector forward, promising sustainable agricultural practices in Vietnam.

Vietnam Agriculture Drones and Robots Market  

Segmental Coverage

Vietnam Agriculture Drones and Robots Market – By Drone Type

Based on drone type, Vietnam Agriculture Drones and Robots Market is divided into Fixed Wing and Rotary Wing segments. The rotary wing segment is a larger drone type, which represents a significant portion of the market share. Rotary-wing drones, known for their versatility and ability to maneuver in tight spaces, are widely utilized in various agricultural applications such as crop monitoring, spraying, and mapping. The segment's dominance underscores the preference for agile and adaptable aerial solutions in Vietnam's agricultural sector, showcasing the demand for technology-driven approaches to farming practices aimed at improving efficiency and productivity.

Vietnam Agriculture Drones and Robots Market – By Robot Type

Based on robot type, Vietnam Agriculture Drones and Robots Market is divided into Crop Harvesting Robots, Weeding Robots, and Milking Robots segments. The crop harvesting robots segment is the largest in the Vietnam Agriculture Drones and Robots Market. The segment likely encompasses technologies and machinery designed to automate and enhance the harvesting process, improving efficiency and productivity in agricultural activities. With Vietnam's significant reliance on agriculture as a cornerstone of its economy, the demand for advanced technologies like crop harvesting robots is likely to be substantial, driving growth and innovation in the particular segment of the market.

Vietnam Agriculture Drones and Robots Market – By Farming Environment

Based on farming environment, Vietnam Agriculture Drones and Robots Market is divided into Indoor Farming and Outdoor Farming segments. Outdoor farming is a larger segment in the Vietnam Agriculture Drones and Robots Market. Outdoor farming encompasses a wide range of activities, including crop cultivation, livestock management, and land maintenance across vast expanses of agricultural land. The segment often involves the utilization of drones and robots for tasks such as spraying pesticides, monitoring crop health, and managing livestock, making it a key focus area in the Vietnamese agricultural technology landscape.

Vietnam Agriculture Drones and Robots Market – By Application

By application, Vietnam Agriculture Drones and Robots Market is divided into Crop Monitoring, Dairy Farm Management, Inventory Management, Harvesting and Picking segments. The crop monitoring segment is the largest in the Vietnam Agriculture Drones and Robots Market. The segment involves the use of drones and robots for monitoring crops, assessing their health, and detecting any potential issues such as pests or diseases. With Vietnam being a predominantly agrarian economy, efficient crop monitoring holds significant importance for maximizing agricultural productivity and ensuring food security. By employing advanced technologies like drones and robots for crop monitoring, farmers can make more informed decisions, optimize resource allocation, and ultimately enhance their yields and profitability sustainably.

Competitive Landscape

Major players in the Vietnam Agriculture Drones and Robots Market include DJI Việt Nam, XAG Mekong, Hogitech Co., Ltd, Huida Tech, AGCO, John Deere, AgEagle Aerial Systems, Yamaha Robotics, MAJ Vietnam, and AgriDrone. 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 Drone Type

• Fixed Wing

• Rotary Wing

By Robot Type

• Crop Harvesting Robots

• Weeding Robots

• Milking Robots

By Farming Environment

• Indoor Farming

• Outdoor Farming

By Application

• Crop Monitoring

• Dairy Farm Management

• Inventory Management

• Harvesting and Picking

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Agriculture Drones and Robots Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing demand for food
         2. Increasing demand for precision agriculture technologies
         3. Increasing government initiatives to promote advanced technologies in agriculture
         4. Increasing demand for modern farming solutions across the agriculture industry
      2. Restraints
         1. High initial investment cost
         2. Increasing privacy concerns
         3. Limited internet connectivity and charging infrastructure in rural areas
      3. Opportunities
         1. Development of affordable drones
         2. Integrating with other technologies
         3. Advancements in drone technology
      4. Challenges
         1. Lack of awareness regarding advanced technologies
         2. Lack of technical expertise
   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. Vietnam Agriculture Drones and Robots Market: Marketing Strategies
5. Vietnam Agriculture Drones and Robots Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Drone Type
         1.  Fixed Wing
         2. Rotary Wing
         3. Others
      2. By Robot Type
         1. Crop Harvesting Robots
         2. Weeding Robots
         3.  Milking Robots
         4.  Others
      3. By Farming Environment
         1. Indoor Farming
         2. Outdoor Farming
      4. By Application
         1. Crop Monitoring
         2. Dairy Farm Management
         3. Inventory Management
         4. Harvesting and Picking
         5.  Others
6. Competitive Landscape
   1. List of Key Players and Their Range
   2. Vietnam Agriculture Drones and Robots Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
7. Impact of Escalating Geopolitical Tensions on Vietnam Agriculture Drones and Robots Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. DJI Việt Nam
   2. XAG Mekong
   3. Hogitech Co., Ltd
   4. Huida Tech
   5. AGCO
   6. John Deere
   7. AgEagle Aerial Systems
   8. Yamaha Robotics
   9. MAJ Vietnam
   10. AgriDrone
   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       Vietnam Agriculture Drones and Robots Market Segmentation             

Figure 2       Vietnam Agriculture Drones and Robots Market Value Chain Analysis   

Figure 3       Company Market Share Analysis, 2023                            

Figure 4       Vietnam Agriculture Drones and Robots Market Size, By Value (USD Million), 2019–2030                             

Figure 5       Vietnam Agriculture Drones and Robots Market Share, By Drone Type, By Value (USD Million), 2019–2030                            

Figure 6       Vietnam Agriculture Drones and Robots Market Share, By Robot Type, By Value (USD Million), 2019–2030                            

Figure 7       Vietnam Agriculture Drones and Robots Market Share, By Farming Environment, By Value (USD Million), 2019–2030                                               

Figure 8       Vietnam Agriculture Drones and Robots Market Share, By Application, By Value (USD Million), 2019–2030         

List of Tables      

Table 1        Vietnam Agriculture Drones and Robots Market Size, By Value (USD Million), 2019–2030

Table 2        Vietnam Agriculture Drones and Robots Market Share, By Drone Type, By Value (USD Million), 2019–2030

Table 3        Vietnam Agriculture Drones and Robots Market Share, By Robot Type, By Value (USD Million), 2019–2030

Table 4        Vietnam Agriculture Drones and Robots Market Share, By Farming Environment, By Value (USD Million), 2019–2030

Table 5        Vietnam Agriculture Drones and Robots Market Share, By Application, By Value (USD Million), 2019–2030

Table 6        DJI Việt Nam Company Overview                          

Table 7        DJI Việt Nam Financial Overview                           

Table 8        XAG Mekong Company Overview                           

Table 9        XAG Mekong Financial Overview                  

Table 10      Hogitech Co., Ltd Company Overview                    

Table 11      Hogitech Co., Ltd Financial Overview                     

Table 12      Huida Tech Company Overview                    

Table 13      Huida Tech Financial Overview                     

Table 14      AGCO Company Overview                  

Table 15      AGCO Financial Overview                   

Table 16      John Deere Company Overview                    

Table 17      John Deere Financial Overview                     

Table 18      AgEagle Aerial Systems Company Overview                     

Table 19      AgEagle Aerial Systems Financial Overview                      

Table 20      Yamaha Robotics Company Overview                     

Table 21      Yamaha Robotics Financial Overview

Table 22      MAJ Vietnam Company Overview                           

Table 23      MAJ Vietnam Financial Overview         

Table 24      AgriDrone Company Overview                     

Table 25      AgriDrone Financial Overview