Report: Precision Agriculture Drives Drone Market Growing At 35% CAGR To 2022

In LiDAR drone market, precision agriculture application is expected to grow at the highest CAGR. Precision agriculture involves the usage of drones to monitor soil erosion and crop maturity, mitigate the effects of frost, and monitor invasive plant species among others. The potential benefits of using drones include real-time data collection, high-resolution imagery of farmland, and low cost in comparison with other relative techniques. These benefits drive the LiDAR drone market in the precision agriculture application. Complete report on LiDAR drone market spread across 125 pages, profiling 11 companies and supported with 66 tables and 42 figures is now available at here.

The LiDAR drone market is expected to exhibit impressive growth during the forecast period. The LiDAR drone market is expected to grow at a CAGR of 35.2% between 2016 and 2022 to reach $144.6 million by 2022. A key driving factor for the growth of the market is the encouragement from governments and research institutes for the adoption of LiDAR drones.

The LiDAR drone market in APAC is expected to grow at the highest CAGR between 2016 and 2022 owing to the increasing industrialization and urbanization in this region. The increasing awareness among governments and customers regarding the benefits of LiDAR drones further drives this market in the APAC region.

For instance, the Indian Transport Ministry has made the use of LiDAR compulsory in surveying areas before constructing a new highway. The Indian railway has also hired drones for inspecting the progress of its construction sites. Such initiatives drive the LiDAR drone market in APAC. Furthermore, the availability of local players and favorable economic conditions also contribute to the high growth of the market in this region.

Besides, several other factors such as the adoption of LiDAR drones for precision farming and commercial application such as delivery of products also propel the growth of the market. This report provides the market statistics pertaining to LiDAR drone type, component, application, and geography along with their respective revenues.

The major players operating in the LiDAR drone market are Velodyne LiDAR (U.S.), Phoenix Aerial Systems (U.S), Riegl Laser Measurement Systems GmbH (Austria), SICK AG (Germany), and YellowScan (France).3D Robotics, Inc. (U.S.), DJI (China), FARO Technology (U.S.), Leica Geosystems AG (Switzerland), Optech, Inc. (Canada), and Trimble Navigation Limited (U.S.). Order a copy of “LiDAR Drone Market by Product (Rotary Wing, and Fixed Wing), Component, Application (Corridor Mapping, Archaeology, Construction, Environment, Entertainment, and Precision Agriculture), Geography – Global Forecast to 2022” research report here.

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (75%) and Manager Level (25%) from various key organizations operating in the LiDAR drone market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), APAC (40%), and RoW (30%).

On a related note, another research titled LiDAR Market Global Forecast to 2022 says, the LiDAR market is expected to grow at a CAGR of 12.4% between 2016 and 2022 and estimated to reach USD 3.22 billion by 2022. UAV LiDAR expected to grow at the highest CAGR. APAC to be the fastest-growing region in the LiDAR market. Companies like Quantum Spatial (Aerometric) (U.S.), Faro Technology (U.S.), Geodigital (Canada), Leica Geosystems AG (Switzerland), Optech, Inc. (Canada), Reigl Laser Measurement Systems GmbH (Austria), Topcon Positioning Systems, Inc. (U.S.), Trimble Navigation Limited (U.S.), Sick AG (Germany), Velodyne (U.S.), BLOM (Norway), Michael Baker International (U.S.), and Yellow Scan (France) have been profiled in the 143 pages research report available here.

Leave a Reply

One comment on “Report: Precision Agriculture Drives Drone Market Growing At 35% CAGR To 2022

Asia Stories
Africa/Middle EastPERSPECTIVE: Is Bayer’s Highly-Anticipated xarvio App the Next Uber for Ag?
November 22, 2017
As many of our CropLife IRON readers might know, every summer at MAGIE we award the most popular product featured Read More
Drones-in-China-Photo-Sipa-Asia-Rex-Shutterstock
AsiaChinese Farmers Using Drones to Spray Pesticides
November 22, 2017
Farmers in China have caught up with the country’s booming drone trend and started using unmanned aircraft to spray pesticide Read More
Iowa-Farmer China
AsiaIowa Farm a Model for Modernizing China Agriculture
November 16, 2017
The buddy seat on Rick Kimberley’s combine-harvester is a fine vantage point from which to observe precision farming. The combine’s Read More
Sugarcane India
AsiaIndian Farmers Look to Harvest the Fruits of AI
October 30, 2017
Come December, tur growers in Karnataka can look forward to the prospect of having a better visibility on the price Read More
Trending Articles
Used Combine
Service ProvidersFinding New Precision Ag Opportunities in Older Equipment
November 15, 2017
Whether to buy new or used equipment has been and continues to be an important topic for growers. When it Read More
Blue River Tech See and Spray prototype in CA
Business ManagementIs the Agtech Startup Boom Over?
November 13, 2017
In the past few months there has been a flurry of acquisitions of agtech startups by major players in the Read More
Spray Drift
Business ManagementProtecting Your Business with Ag Data: What Dicamba Can Teach Us (Guest Column)
November 9, 2017
All over the country, in ag communities large and small, farmers are reporting crop damage, neighbors are fighting, lawsuits and Read More
Kokoda-Trek2
Australia/New ZealandPrecision Agriculture in Papua New Guinea
November 2, 2017
I recently spent two weeks in the Central Highlands area of Papua New Guinea (PNG) on the Kokoda Track. The Read More
Robotic-Field-Scanner
Specialty CropsOpinion: Agriculture’s Big Data is Coming to You
October 20, 2017
If you think your world is changing at a dizzying pace, you ain’t seen nothin’ yet. That’s my takeaway from Read More
Brazil-Soybean-field
AmericasIPNI Brazil: Precision Agriculture to Improve Nutrient Use Efficiency
October 16, 2017
As I mentioned in my last article, the IPNI Brazil Symposium on Precision Agriculture was held in early October in Read More
Latest News
Net-Neutrality
Data ManagementNet Neutrality in the Age of Digital Farming
November 22, 2017
Is the Internet as a “pipeline” for data a public utility, or an entity that should be open for manipulation Read More
Africa/Middle EastPERSPECTIVE: Is Bayer’s Highly-Anticipated xarvio…
November 22, 2017
As many of our CropLife IRON readers might know, every summer at MAGIE we award the most popular product featured Read More
Drones-in-China-Photo-Sipa-Asia-Rex-Shutterstock
AsiaChinese Farmers Using Drones to Spray Pesticides
November 22, 2017
Farmers in China have caught up with the country’s booming drone trend and started using unmanned aircraft to spray pesticide Read More
Data ManagementHappy Thanksgiving: Cargill Traceable Turkey Program Le…
November 22, 2017
Cargill’s traceable turkey pilot program is bringing consumers closer to the source of their Thanksgiving turkey using blockchain technology. The Read More
EuropeAgritechnica 2017: 5 Quick Takeaways from World’s Top F…
November 21, 2017
Agritechnica 2017 wrapped up this past weekend, and now with the show in the books and a few days to Read More
FOTO-CAPA
AmericasAgricultural Drones in Brazil: A Look at Training and P…
November 21, 2017
Technology adoption usually occurs in stages. In agriculture, it progresses best when new innovations are spurred by competition, and the Read More
Data ManagementWinField United Details Upgraded ‘Insights’…
November 21, 2017
WinField United has made several strategic investments to strengthen its total agronomy solution for retail and farmer customers, according to Read More
Service ProvidersSciFi in Ag: Smart Pills for Cows (and other livestock)
November 21, 2017
On November 13th of this year, the FDA approved the first digital pill for human-use with a digital ingestible sensor. Read More
bayer-bosch-weed-detection
Tools & Smart EquipmentState-of-the-Art Weed Detection Technology Could be Ava…
November 20, 2017
As part of a three-year research partnership between two German agricultural and tech giants, Bayer and Bosch are developing smart Read More
DronesDrones Play Critical Role in Ohio Agricultural Research
November 17, 2017
The Springfield Beckley-Municipal Airport now has a new hangar for unmanned aircraft and precision agriculture, writes Allyson Brown on GovTech.com. Read More
Iowa-Farmer China
AsiaIowa Farm a Model for Modernizing China Agriculture
November 16, 2017
The buddy seat on Rick Kimberley’s combine-harvester is a fine vantage point from which to observe precision farming. The combine’s Read More
Field
Data ManagementThe Climate Corp., Deveron Form Drone Analytics Partner…
November 16, 2017
The Climate Corp., a subsidiary of Monsanto Co., has announced a partnership with Deveron UAS Corp., that will deliver farmers Read More
aggateway
Service ProvidersAgGateway Recognizes Leaders at 2017 Annual Conference
November 16, 2017
At its annual conference last week, AgGateway honored individuals and companies that are advancing electronic connectivity efforts in agriculture and Read More
corn field
UncategorizedTopcon Agriculture Prepares to Release Horizon 4.02
November 15, 2017
Topcon Agriculture has announced the addition of new functions including Auto Turn and Steer to Boundary applications in its upcoming Read More
Used Combine
Service ProvidersFinding New Precision Ag Opportunities in Older Equipme…
November 15, 2017
Whether to buy new or used equipment has been and continues to be an important topic for growers. When it Read More
John-Deere-Air-Carts
Systems ManagementJohn Deere 1910 Air Carts Can Now Be Retrofitted with S…
November 14, 2017
Intelligent Agricultural Solutions, LLC (Intelligent Ag), a leader in electronics innovations for modern farming, has released Engage Zone Control, the Read More
Climate FieldView Script Creator
EuropeThe Climate Corp. Expands Global Digital Agriculture Pl…
November 14, 2017
The Climate Corp., a subsidiary of Monsanto Co., has announced at Agritechnica, the world’s leading trade fair for agricultural machinery, Read More
Soybean-Field-Photo-Barbara-Eckstein
Data ManagementWeather Forecasting: How Does It Work, and How Reliable…
November 14, 2017
Do you ever wonder exactly how the weather forecast is made? And how good are they, really? In last month’s Read More