Asia-Pacific Agricultural Drone Market: Current Analysis and Forecast (2024-2032)

Report Description

Asia Pacific Agricultural Drone Market Size & Forecast

The market size of the Asia Pacific Agricultural Drone market in 2023 was USD approximately 900 million and this market is expected to grow at a CAGR of approximately 25% throughout the forecast of 2024-2032 because of the demand for food and adopting agricultural drones in the Asia-Pacific region.

Asia Pacific Agricultural Drone Market Analysis

The use of UAVs for various agricultural activities in the Asia-Pacific region is defined as the Asia-Pacific Agricultural Drone market. They are fitted with enhanced sensors, cameras, and applications with AI and machine learning skills which enable farmers to access accurate data to monitor crop productivity, use assets effectively, and expel input expenditures. The use of agricultural drones is, however, particularly eminent in some of the biggest agricultural markets such as China, India, Japan, and Australia where issues, including shortage of workers supplies, water ration, and high demand for production and productivity of crops steer the use of technology-driven drones.

In this sector, major companies in the Asia-Pacific agricultural drone market are implementing growth strategies such as DaaS, taking regional distribution partnerships, and including AI technology in precision farming agriculture drone solutions. They are also partnering with governments to take advantage of subsidies and favorable regulations; as well as designing versatile equipment that includes both spraying, monitoring, and seeding equipment to attract both large-scale and small-scale farmers. In May 2022, Adani Defence & Aerospace entered into definitive agreements for acquiring a 50% equity stake in agricultural drone startup – General Aeronautics. General Aeronautics, a Bangalore-based start-up specializes in developing robotic drones to offer tech-enabled crop protection services, crop health monitoring, precision farming, and yield monitoring using artificial intelligence and data analytics while working very closely with the farmers and agricultural chemical companies. General Aeronautics also has the presence of some reputed venture capital firms like Mela Ventures, founded by former Mindtree founders. They are attracting access and scalability which is the key to the spread of these approaches all over the region.

Asia Pacific Agricultural Drone Market Trends

This section discusses the key market trends influencing the Asia Pacific Agricultural Drone segments as identified by our research experts.

Field Mapping Transforming Industry

Field Mapping is one of the significant segments promoting the advancement of the agricultural drone market; this segment helps farmers obtain extensive information on crop conditions, soil opportunities, and differences in the field. Producers can use multispectral and thermal sensors mounted on drones to generate detailed chemical and thermal maps that help them determine where their attention is required be it water stress nutrient deficiencies or possible pest infestation. This is a more quantitative way of arranging resources to flow where they are most needed and to help crops grow better faster and more efficiently. The increasing significance of precision agriculture to food security and sustainability in the Asia-Pacific region is creating a higher demand for field mapping drones, which is driving the market.

China Dominated the Market in 2023

China is the largest market for the agricultural drone market owing to its dominance in the manufacturing and usage of drones globally. Currently, DJI and XAG lead the industry in providing affordable innovative solutions for precision agriculture, crop dusting, and surveillance of the agricultural fields. In November 2023, Chinese drone maker DJI unveiled two new drone models that can be applied in multiple scenarios to make agricultural production easier. The T60 agricultural drone can be used in various fields, including farming, forestry, and aquaculture, with functions such as farmland spraying and aerial seeding. The Chinese government strongly promotes smart agriculture policies and financial incentives for companies and farmers to use drones to increase production and lessen reliance on labor. China has large-scale agricultural operations and has been integrating drone technology coupled with AI to boost their agricultural operations making them the drivers for the regional and global growth of the agricultural drone market.

Asia Pacific Agricultural Drone Industry Overview

Asia Pacific Agricultural Drone is competitive, with several Asia-Pacific and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are DJI; Yamaha Motor Co., Ltd.; XAG Co., Ltd.; Magellanic-Cloud; Terra Drone Corp.; RFLY; THANOS (Thanos Technologies); General Aeronautics Pvt. Ltd.; Hongfei Aviation Technology Co., Ltd; OPTiM Corp.

Asia Pacific Agricultural Drone Market News

• On September 21, 2023 – Terra Drone Corporation, a leading drone and Urban Air Mobility (UAM) technology provider, expanded into the precision agriculture sector by acquiring the business of Avirtech, a leading startup providing agricultural drone spraying and mapping service in Southeast Asia. Terra Drone establishes a new company Terra Drone Agri in Malaysia. Terra Drone expands its business under the new business brand “Terra Agri” in Malaysia and Indonesia.
• May 2022: Adani Defence & Aerospace entered into definitive agreements for acquiring a 50% equity stake in agricultural drone startup – General Aeronautics. General Aeronautics, a Bangalore-based start-up specializes in developing robotic drones to offer tech-enabled crop protection services, crop health monitoring, precision farming, and yield monitoring using artificial intelligence and data analytics while working very closely with the farmers and agricultural chemical companies. General Aeronautics also has the presence of some reputed venture capital firms like Mela Ventures, founded by former Mindtree founders.

Asia Pacific Agricultural Drone Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

Asia Pacific Agricultural Drone can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs; hence, feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Asia Pacific Agricultural Drone Market Analysis (2022-2032)

Analyzing the historical market, estimating the current market, and forecasting the future market of the Asia Pacific Agricultural Drone market were the three major steps undertaken to create and analyze the adoption of Asia Pacific Agricultural Drones in major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, numerous findings and assumptions were taken into consideration to validate these insights. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Asia Pacific Agricultural Drone market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the Asia Pacific Agricultural Drone market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of Asia Pacific Agricultural Drone, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report, such as drone type, application, and country. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Asia Pacific Agricultural Drone market. Further, we conducted factor analysis using dependent and independent variables such as drone type, application, and Asia Pacific Agricultural Drone regions. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Asia Pacific Agricultural Drone market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above three steps, we arrived at the current market size, key players in the Asia Pacific Agricultural Drone market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Asia Pacific Agricultural Drone across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Asia Pacific Agricultural Drone in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs), including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Asia Pacific Agricultural Drone. Data was split into several segments and sub-segments after studying various parameters and trends in the drone type, application, and country of the Asia Pacific Agricultural Drone market.

The main objective of the Asia Pacific Agricultural Drone Market Study

The current & future market trends of the Asia Pacific Agricultural Drone were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Asia Pacific Agricultural Drone market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of drone type, application, and country.
• Define and analyze the regulatory framework for the Asia Pacific Agricultural Drone
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Asia Pacific Agricultural Drone market for the major regions.
• Major regions studied in the report include China, Japan, India, Australia, and Rest of Asia-Pacific
• Company profiles of the Asia Pacific Agricultural Drone market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

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