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
Canton-Fair
AsiaChina’s Canton Fair Sheds Light on Agricultural Technology Opportunities
May 7, 2018
Last month I visited China to learn more about agriculture by attending the largest import and export fairs — the Read More
Indian-Agriculture
AsiaIndian IoT Platform for Pre and Post Harvest Raises Seed Round
April 19, 2018
Indian startup AgNext has raised an undisclosed seed round led by India-focused Agtech VC Omnivore Partners along with Singaporean angel Read More
AmericasSciFi in Ag: Precision Aerial Planting Next Up for Ag?
March 20, 2018
What do trees, drones, and minefields all have in common? Precision aerial planting. A concept first introduced in the 1930’s Read More
Sugarcane India
AsiaIndia Welcomes Disruptive Technology in Agriculture
February 26, 2018
In a major initiative to apply disruptive technology in agriculture, a consortium of researchers has been formed with the partnership Read More
Trending Articles
Ernie-Chappell-Screenshot
EventsEFC Systems Sponsorship Demonstrates Commitment to Continuing Education for Retail Dealerships
May 16, 2018
Enterprise software manufacturer EFC Systems, scholarship sponsor of the inaugural PrecisionAg® Professional Accelerator professional development conference this June in Brookings, Read More
Dr Brian Arnall Oklahoma State Paul Schrimpf
Excellence AwardsPrecisionAg Awards Of Excellence Nominations Accepted Through May 18
May 14, 2018
Nominate an outstanding individual for one of four PrecisionAg Awards of Excellence. Recipients will be honored at a special ceremony during the 2018 InfoAg Conference in July. Read More
EventsMeister Media Debuts Growing Innovations
May 10, 2018
As a service provider, you and your grower customers probably can agree on this much: While innovation abounds in agriculture, Read More
UCANR_booth_Food_IT_forum
EventsForum Calling All Innovators of Agriculture Technology
May 2, 2018
The challenges that come with feeding the world continue to grow. Luckily, so do advances in information technology that are Read More
Farm-Storm-Clouds-Photo-Eden-Hills
Data ManagementThe Precipitation Problem in Agriculture
April 17, 2018
Precipitation is arguably the most important agricultural weather parameter, yet it is the most difficult variable to precisely measure. For Read More
SDSU-drone
Business ManagementInside the Key Strategies For Selling Precision Ag Services
April 13, 2018
In its earliest manifestation, the motive for developing precision agriculture service was entirely pure. Agronomists knew that crops were responding Read More
Latest News
Plumblee
Industry NewsNew Clemson Precision Ag Expert Bringing High-Tech Solu…
May 24, 2018
The Clemson Extension Service has hired a new Extension associate to help South Carolina farmers learn how to use technologies Read More
InfoAg ConferenceThe InfoAg Conference Offers Early Bird Registration Di…
May 24, 2018
Since 1995, The InfoAg Conference has been the premier event for discussion and advancement of precision agriculture. The event, organized Read More
CAMP3-team
Data ManagementHow AI, Data and Voice Analysis May Transform Farming —…
May 22, 2018
In 2015, an estimated $800 million worth of crops in Georgia — a number that amounted to about 13.8% of Read More
Farmer-tablet
Data ManagementWhen It Comes to Farm Data, How Good Is ‘Good Enough’?
May 21, 2018
Ron Farrell, a frequent sounding board for my wacky ideas and a source of ongoing encouragement to stay the course Read More
Imagery/SensingMavrx Acquires Israeli Imagery Provider
May 17, 2018
Taranis, an Israel-based provider of high-resolution agriculture aerial imagery and deep learning, today announced the acquisition of all Mavrx assets, one Read More
PrecisionAg Professional Accelerator
EventsWhat’s Stopping You From Maximizing Your Precision Prog…
May 16, 2018
Day 2 of the PrecisionAg® Professional Accelerator will challenge you to evaluate and improve your approach to customer value and Read More
Raven-screenshot
EventsRaven Focused on Retail Education with Top Gun Training…
May 16, 2018
It’s no secret that the demand for precision ag technology is growing. As the world population increases, so does the Read More
Ernie-Chappell-Screenshot
EventsEFC Systems Sponsorship Demonstrates Commitment to Cont…
May 16, 2018
Enterprise software manufacturer EFC Systems, scholarship sponsor of the inaugural PrecisionAg® Professional Accelerator professional development conference this June in Brookings, Read More
Industry NewsPinnacle Joins Crowded E-Commerce Segment With My Pinna…
May 16, 2018
Pinnacle announced today the launch of its new website along with a new interactive grower-customer portal, My Pinnacle. The No.6-ranked Read More
Veris Soil EC
Sensors/IoTUsing Electrical Conductivity (EC) Sensors in Precision…
May 16, 2018
The measurement of soil EC is widely used in agriculture. However, there is still confusion around the meaning of the Read More
Corn Field Sunset
Industry NewsRaven Announces DOT Joint Development Agreement
May 16, 2018
Raven Industries announced today it will be utilizing its precision agriculture technologies to power the autonomous farming solutions of the Read More
Field-Equipment
Sensors/IoTTop 6 Digital Transformation Trends in Agriculture
May 15, 2018
In recent years, technology in agriculture, also known as AgTech has rapidly changed the industry, writes Daniel Newman on Forbes.com. Read More
Data ManagementDigital Farming: Keep It Simple Analytics
May 15, 2018
In previous articles, I tried to lay out some logical components and processes that enable digital farming to get inside Read More
NOAA-Snow-Depth-Analysis-April-15
Data ManagementRebounding Spring for 2018 Planting: Cold April Weather…
May 14, 2018
This month, I am taking a break from discussing weather technology or opining on how to better apply weather and Read More
Dr Brian Arnall Oklahoma State Paul Schrimpf
Excellence AwardsPrecisionAg Awards Of Excellence Nominations Accepted T…
May 14, 2018
Nominate an outstanding individual for one of four PrecisionAg Awards of Excellence. Recipients will be honored at a special ceremony during the 2018 InfoAg Conference in July. Read More
Ag Retailer and Growers with tablet WinField United
Industry NewsCommoditAg Announces Enhanced E-Commerce Platform
May 11, 2018
CommoditAg launches CommoditAg LIVE, described as “an enhanced ecommerce platform providing more benefits to growers, and a superior customer experience”. According Read More
Industry NewsTrimble Adds Crop Health Imagery, Work Orders Features …
May 10, 2018
Trimble announced today that it has added Crop Health Imagery and Work Orders features to its Trimble Ag Software. The Read More
Parkland College Student Training
AmericasBushel Garners $7 Million Private Investment Round
May 10, 2018
Bushel today announced a $7 million private investment round to accelerate its patent-pending digital platform for the grain industry. The Read More