Agricultural Drones & Robots Market Worth $5.4 Bn in 2017

Wednesday 2 August 2017, Amsterdam

This new report, now available on ASDReports, the Agricultural Drones & Robots Market Report 2017-2027: Forecasts & Outlook For Drones By Type (Fixed Wing, Multi Rotor, Others), By Component (Hardware, Software, Others), For Robots By Application (Livestock Management, Farm Management, Others) By Component (Hardware, Software, Others), Plus Profiles of Leading Companies Developing Unmanned Aerial Vehicles (UAV) & Robotics For Milking, Precision Agriculture, Crop Management & Targeted Fertilizing Using Spectral Imaging, GPS & Big Data indicates that the global Agricultural Drones & Robots market will see $5.4bn in spending in 2017.

The lead analyst of the report said: “Drones are helpful in collecting data on farms within a short period of time. The Lancaster drone is able to collect data for 120 hectares within 40 minutes. Drones used in agriculture are equipped with different sensors that can detect disease, chlorophyll level, and moisture level. In addition, 3D images and thermal readings from aerial observation can be used to better enhance farmers' knowledge about growing conditions. These features help farmers to become proactive toward farm management, leading to higher production. Most modern agricultural drones are programmed to follow a certain trajectory. They avoid obstacles in their path with the help of tools like accelerometers, gyroscopes, and a compass.”

Although the price of milking robots has come down by nearly half in the last decade, the declining prices of other field robots still pose a considerable challenge for the global agricultural robots market. This is mainly due to the high initial costs incurred during the installation of the agricultural robot, which deter small, cost-sensitive users from adopting them, thus reducing the revenue generated by the market. In addition, the need for servicing and maintaining these robots regularly increases the cost. The lack of awareness of the benefits of these robots also restricts the market growth.