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Powered Agriculture Equipment Market Size and Research Report 2018-2023

Agricultural UAV/drone market is expected to reach $XX million in 2023 with a growth rate of CAGR XX% during 2018-2023. Robust uptake of UAV/drones in the agriculture industry is majorly driven by an increase in investment, decrease in manual labor, its increasing cost, increase in efficiency in farming practices, and availability of software solutions for field mapping, field survey, and geo-reference data analysis.

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However, high initial cost investment, stringent governmental regulations, air traffic mismanagement, unsafe and unethical usage possibilities, and lack of trained pilots for remote-controlled drones are expected to restrain the expected market growth. Moreover, developing advanced and reliable drones with longer flight time, proper deployment and accurate implementation are some of the challenges which this market will face.

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The growing demand for drones in the Asia-Pacific region, possible exemptions from stringent government regulations, and increase in trust on autonomous drones, are some of the opportunities which the growers and OEMs in this market can capitalize.

Tractors are instrumental in several agricultural practices such as seeding, planting, cultivating, fertilizing, and harvesting. Hence, tractor efficiency and performance are critical in determining the overall farm efficiency. Tractor OEMs across the world have been experimenting with ways to improve tractor performance. In 2017, more than two million new tractors were sold across the globe. India and China together accounted for more than a million units, followed by the U.S. during the same year.

Global Smart Farming Market – Analysis and Forecast (2018-2022)

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