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Agricultural Drones Market size predicted to grow with 21% CAGR from 2016 to 2023

Agricultural drones market size was valued over USD 135 million in 2015 and is anticipated to achieve over USD 555 million at a CAGR of 21% from 2016 to 2023.The potential benefits associated with these machines include improve yields and save water. In addition, drones may even assist the government to manage farming more effectively and efficiently by monitoring the usage of pesticides.

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Agricultural Drones Market size predicted to grow with 21% CAGR from 2016 to 2023

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  1. Agricultural Drones Market size predicted to grow with 21% CAGR to hit USD 555 Million by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of Agricultural Drones Market : • U.S. agricultural drones market share accounted for around 22% in 2015 and is anticipated to reach USD 250 million over the forecast period. Unmanned Aerial Vehicle (UAV) detects specific light wavelength related with walnut blight disease, allocating pest managers or farmers in order to counter the issue which in turn reduces crop damage as well as improves productivity. • Asia Pacific agricultural drones market size was valued USD over 32 million in 2015 and is likely to attain USD 135 million by 2023 at CAGR of 22% during the coming few years.

  3. Application Analysis of Agricultural Drones Market : • UAVs are easy to fly, with a hand-held, video game-like controller. It captures videos and pictures of fields, livestock operations and orchards with high resolution. • Commercial agricultural drone market is anticipated to grow significantly owing to aircrafts are able to perform more cost efficiently than other ways of ranching, orchard tending and farming. It is likely to help farmers improve livestock and crop quality. It also yields to increase productivity which in turn feed the growing population. • The drone’s geo-tag the pictures captured and also transmit them, along with all the data, to software in order to create high-resolution or even 3D maps and geo-referenced that assists the farmer to analyze the crops. It also notifies the farmer about the well-being’s of the plants.

  4. Competitive Market Share of Agricultural Drones Market : • Major players occupying significant agricultural drones market share include AeroVironment Lockheed Martin, Draganflyer, Boeing, Textron, AeroVironment and Northrop Grumman. • Other key competent includes ASN Technologies, Aurora Flight, BAE Systems, China Aerospace, Denel Dynamics, General Dynamics, Honeywell, General Atomics, Google, Israel Aerospace Industries, Marcus UAV, Prox Dynamics, RUAG Aerospace, Proxy Technologies and Wing Loong among others.

  5. Browse Full Market Research Report On Agricultural Drones Market @ https://www.gminsights.com/industry-analysis/agricultural-drones-market Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/253

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