Image

Agriculture drone market may exceed US$4 billion

13 October 2017

According to an August study by Esticast Research & Consulting Market Research, the global commercial drone market may reach US$3.6 billion by 2024. However, a new study forecasts an even larger bumper crop for just one of the many sub-sectors — agriculture.

The study, released by MarketInsightsReports, predicts the ag drone market will exceed the entire drone market value referenced in the Esticast report and do so two years earlier. The report foresees a US$4.2 billion value for the agricultural drone market by 2022 — representing a growth rate of 30 percent and beating Esticast’s overall prediction for the whole drone market by US$600 million.

Although the marketing report is rather coy with the details – only offering a few tidbits in order to sell a $4,000 full report – it nevertheless touches on some of the key drone players in the growing ag sector such as PrecisionHawk, AeroVironment, Agribotix, AgEagle and DroneDeploy.

For these major players, the precision agriculture sector has already yielded a bountiful harvest of revenue. For example, DroneDeploy, a commercial drone cloud software platform, released Fieldscanner in April. The solution provides real-time drone mapping for farmers, “enabling real-time, offline mapping for immediate in-field analysis.”

The most recent report appears to jibe with earlier research. In January, Zion Research released a similar report covering areas such as fixed and rotary drones as well as data management, imaging software and data analysis. Zion’s report pegs the precision agriculture drone market at US$2.9 billion by 2021 – up 28 percent from a 2015 valuation of US$673 million.

“Drones help farmers take better care of their crops and have a higher yield from the farm,” the report states. “Increasing automation in the agriculture process — owing to the labor crisis such as a lack of skilled farmers and aging farmers — is also expected to have a positive impact on the agriculture drone market growth.”

“Increasing automation in the agriculture process — owing to the labor crisis such as a lack of skilled farmers and aging farmers — is also expected to have a positive impact on the agriculture drone market growth.”

I>Source: dronelife.com

Read More
Image

Kea Aerospace achieves milestone in autonomous flight

Kea Aerospace has successfully completed a landmark BVLOS (Beyond Visual Line of Sight) flight, demonstrating the capabilities of their advanced autonomous flight technology. The milestone UAS (Unmanned Aircraft System) flight, conducted within Kea Aerospace’s Special Use Airspace, marks significant growth ...
Read more
Image

€100 m investment in wood-based EV batteries

Stora Enso Oyj is preparing to invest about €100 million in a pioneering project to use wood in electric vehicle batteries and offer an alternative to components currently made in China, according to its chief executive officer. The funds would ...
Read more
Image

First long-range electric trucks to New Zealand

Windrose Technology will work with Auckland based Etrucks® to bring the first long-range electric trucks to New Zealand. The Windrose E1400 6×4 semi tractor features extreme aerodynamic efficiency, with an industry low coefficient of drag of 0.2755. Combined with the ...
Read more
Image

DC Equipment Canada return Madill to B.C.

DC Equipment has announced the opening of its new manufacturing facility in Prince George, marking the return of Madill equipment production to British Columbia. The first machines to be produced at this facility will be the Madill 3000B Log Loaders, ...
Read more
Image

QLD budget weak on future timber material needs for housing

Queensland’s peak body for the forest and timber industry is warning of a looming building materials crisis by a lack of policy and budget measures for increasing future timber supply to help meet the state’s rising housing demand. “While we ...
Read more
Image

Kenworth unveils futuristic SuperTruck 2

Kenworth showcased its SuperTruck 2 demonstrator vehicle at the Advanced Clean Transportation (ACT) Expo in Las Vegas last month, a project developed over six years in collaboration with the US Department of Energy’s (DOE) SuperTruck programme. The aim of the project ...
Read more
Image

Key drivers to decarbonise heavy transport fleets

The industry was buzzing once again for the Wood Transport & Logistics 2024 event that ran last week in Rotorua, New Zealand. Well over 200 forestry and log transport companies from across Australasia, America and Europe, came to Rotorua to ...
Read more
Image

Rocket Lab launches climate science satellites

Rocket Lab, a global leader in launch services and space systems, today launched the first of two back-to-back launches for NASA’s PREFIRE (Polar Radiant Energy in the Far-InfraRed Experiment) climate change-focused mission. ‘Ready, Aim, PREFIRE’ lifted-off from Rocket Lab Launch ...
Read more
Image

Hiringa launches hydrogen refuelling network

Taranaki-based green hydrogen developer Hiringa Energy has marked the opening of New Zealand’s first zero-emission green hydrogen refuelling network set to service heavy freight across the North Island. The initiative is the first of its kind in Australasia and was officially ...
Read more