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Agriculture Drone Market worth $17.9 billion by 2028 – Exclusive Report by MarketsandMarkets™

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CHICAGO, June 29, 2023 /PRNewswire/ — The Agriculture Drone Market is estimated at USD 4.5 billion in 2023 and is projected to reach USD 17.9 billion by 2028, at a CAGR of 31.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The agriculture drone market is rapidly expanding, shaping modern-day agriculture practices. With the ability to gather real-time data and provide actionable insights, drones revolutionize crop management. They capture high-resolution images and collect data on crop health, soil conditions, and other crucial parameters, empowering farmers to make informed decisions. Precision spraying and targeted interventions minimize resource wastage, reduce environmental impact, and optimize yields. The integration of drones with smart farming systems further enhances their utility. The market’s growth is driven by increasing demand for efficiency, sustainability, and profitability in agriculture.

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The component segment, by Controller Systems, is expected to account for the largest share in 2023.

Controller systems are expected to lead the agriculture drone market due to their crucial role in drone operation and control. They serve as the interface between the operator and the drone, enabling remote control, navigation, and data collection. Controller systems are evolving to support autonomous capabilities, reducing the need for manual control, and enhancing operational efficiency. They integrate and control various payloads and sensors, ensuring seamless communication and synchronization. User-friendly interfaces simplify drone operation, while safety features enable compliance with regulations. As the demand for precision agriculture grows, controller systems with advanced functionality, improved autonomy, and seamless payload integration are driving the agriculture drone market forward.

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The application segment, by Livestock Monitoring, is expected to dominate the market with the largest share in 2023.

Livestock monitoring is expected to lead the agriculture drone market due to its efficiency, cost-effectiveness, and ability to provide real-time data. Drones enable farmers to efficiently track animal movement, behavior, and health over large areas, reducing labor and costs. They can access remote locations and gather valuable data for analysis, optimizing grazing management and improving animal welfare. Livestock monitoring with drones enhances animal safety, aiding in the detection of distress or potential threats. These benefits, combined with the growing adoption of precision agriculture, contribute to the increasing prominence of livestock monitoring in the agriculture drone market.

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Asia Pacific is expected to account for the largest market share in 2023.

The Agriculture Drone market industry has been studied in North America, Europe, Asia Pacific, South America, and the Rest of the World. Europe is poised to lead the agriculture drone market due to its favorable regulatory environment, government support, technological advancements, strong agricultural sector, and emphasis on sustainable farming practices. Clear regulations and government incentives promote the safe and responsible use of drones in agriculture. In 2021 the European Union (EU) has implemented initiatives like the Common Agricultural Policy (CAP) and the European Innovation Partnership for Agricultural Productivity and Sustainability (EIP-AGRI). These efforts, taken to promote precision agriculture and sustainable farming practices. Europe’s well-developed agricultural sector and demand for efficient farming practices drive the adoption of agriculture drones. The region is home to leading drone manufacturers and benefits from a supportive ecosystem of research institutions and industry collaborations, fostering innovation and knowledge sharing in the sector.

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Major players operating in the Agriculture Drone market include DJI (China), PrecisionHawk (US), Trimble Inc. (US), Parrot (France), Bayer CropScience AG(Germany), Yamaha Motor Co., Ltd. (Japan), AgEagle Aerial Systems Inc. (US), DroneDeploy (US), Autel Robotics (US), Sentera (US), Optim Corporation (Japan), Microdrone (Germany), Aerialtronics (Netherlands), Delair (France), XAG Co., Ltd. (China), Skydio (US), AgroDrone AI (Brazil), Aries Solutions Pte Ltd (India), Wingtra (Switzerland), Lockheed Martin Corp (US), Gamaya (Switzerland), Atmos UAV (Netherlands), SKYX (Canada), SlantRange, Inc. (US) and Nileworks (Japan).

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Browse Adjacent Reports @ Agriculture Industry Market Research Reports & Consulting

Related Reports:

Digital Agriculture Market by Technology (Peripheral and Core), Type (Hardware and Software), Operation (Farming & Feeding, Monitoring & Scouting, and Marketing & Demand Generation), Operation and Region – Global Forecast to 2027

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Agricultural Variable Rate Technology Market by Offering (Hardware, Software, Service), Type (Fertilizer Vrt, Crop Protection Vrt), Crop Type, Application Method, Farm Size, Application Fit and Region – Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Email: [email protected]
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Blockchain Press Releases

KuCoin Managing Director Alicia Kao Highlights Crypto Education at Blockchain Life 2024

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DUBAI, UAE, Oct. 24, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency market, proudly participated in Blockchain Life 2024, one of the industry’s premier events, held in Dubai as Stage Sponsor and Gold Sponsor. This event brought together a diverse group of enthusiasts, professionals, investors, and traders to delve into the ever-evolving world of blockchain and cryptocurrency.

During her keynote speech on “Shaping Crypto Minds with KuCoin: Education Makes Mastery,” Alicia, Managing Director of KuCoin, highlighted the knowledge gaps currently facing the industry. KuCoin is actively addressing these through its various educational initiatives. In the first half of 2024 alone, KuCoin Learn attracted 1.5 million engaged users, while its Learn and Earn program saw participation from over 2.72 million users since its inception. These programs are part of KuCoin’s broader effort to elevate user education and ensure traders and investors have the tools they need for informed participation in the crypto space.

Alicia emphasized the importance of security in her presentation, reiterating KuCoin’s commitment to prioritizing user needs and safeguarding their interests. “At KuCoin, we believe that an educated user is a secure user. Our educational platforms, including KuCoin Learn and KuCoin Campus, are designed to empower our users with knowledge that enhances their trading experiences while emphasizing the critical importance of security,” she stated.

In addition to her keynote, Alicia participated in a panel discussion titled “Crypto Exchanges and Private Investors: Shaping Investment Strategies and Adapting to Market Trends.” The panel explored effective strategies for navigating the crypto industry, focusing on how centralized exchanges (CEXs) can help foster industry growth by aligning with investor needs in changing market conditions.

KuCoin’s presence at Blockchain Life 2024 underscores its ongoing commitment to leadership through education in the cryptocurrency sector. It prepares its users to participate in and excel in the evolving digital economy.

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About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

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Blockchain Press Releases

Bybit’s WSOT Copy Trading Fest Offers 100,000 USDT Prize Pool for Crypto Investors

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DUBAI, UAE, Oct. 24, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announces the WSOT Copy Trading Fest, inviting crypto traders and investors to compete for their share of an exciting 100,000 USDT prize pool. Running until October 31, 2024, the event offers participants the opportunity to showcase their expertise or leverage the strategies of top traders.

The World Series of Trading (WSOT) 2024 marks the fifth edition of Bybit’s premier crypto trading event, renowned for bringing global traders together. This year’s WSOT features a total prize pool of up to 10,000,000 USDT, with the Copy Trading Fest adding a unique competitive element for both seasoned and beginner traders.

Tailored for All Traders

  • Experienced Traders:
    • Compete as Master Trader by executing winning strategies and aiming for the 100,000 USDT prize pool. The top 50 Master Traders with the highest PnL will split the 50,000 USDT pool.
  • New and Aspiring Investors:
    • Join as Follower, copying the strategies of Master Traders to maximize returns without needing advanced technical skills. The top 100 Followers by PnL will split an additional 50,000 USDT pool.

How to Join and Compete

  • Choose Your Role: Decide whether you’ll lead as a Master Trader or copy trades as a Follower.
  • Meet the Eligibility Criteria: Ensure a minimum $50,000 trading volume during the event to qualify for rewards.
  • Accumulate PnL: Both realized and unrealized profits count towards your leaderboard ranking.
  • Fast Rewards: All prizes will be credited to the Bybit Rewards Hub within 10 days after the event ends.

Seize the Opportunity Today!

Whether you’re aiming to showcase your expertise or earn passively by following seasoned traders, the WSOT Copy Trading Fest offers a competitive, transparent, and rewarding experience. With the trading community buzzing, now is the time to jump in and claim your share of the 100,000 USDT prize pool.

#Bybit / #TheCryptoArk / #WSOT2024

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
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Blockchain

ZBD and Finfare partner to offer gamers cash rewards for their everyday purchases!

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Finfare Connect, a market-leading rewards platform empowering businesses to engage and retain customers through personalized offers, has announced an innovative collaboration with ZBD, a leading payments company at the forefront of digital economies.

Finfare Connect is a part of Finfare Inc., a thriving fintech company with offices in Irvine, California and London.

Through this strategic alliance, Finfare will provide ZBD users with access to affiliate, card-linked, and instant cashback offers, enabling them to earn Bitcoin through everyday purchases, above and beyond those already earned via the ZBD app.

Beginning today, ZBD users will have the option to link their payment card or multiple payment accounts to start automatically earning rewards while shopping online or at in-person stores. Card linking involves connecting a single payment card, while account linking occurs when a user connects multiple bank accounts to earn highly customized rewards.

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In terms of rewards,  ZBD users who sign up for the program will have access to offers from thousands of well-known brands such as Nike, Adidas, Asics, Crocs, Tommy Hilfiger, Urban Outfitters, Cole Haan, Steve Madden; and popular retailers such as Nordstrom, Brookstone and Best Buy, among many others.

ZBD’s innovative app immerses users in a world of games and apps, allowing them to earn Bitcoin while enjoying diverse entertainment experiences.

Now, US-based ZBD users will be able to seamlessly earn Bitcoin through their everyday purchases simply by linking their payment accounts via the ZBD app. Then, they will automatically earn Bitcoin whenever they purchase an item that’s promoted by FinFare.

“We are thrilled to launch this exciting offering with ZBD,” said Alan Zrado, Executive Vice President, Finfare Connect. “Through this alliance, we are enhancing the way ZBD users engage with digital payments, offering them unparalleled opportunities to earn Bitcoin through their everyday transactions. This partnership also underscores our commitment to empowering businesses by providing their customers with compelling, customized, and valued rewards.”

“We are excited to join forces with Finfare Connect to give ZBD users greater value by giving them more ways to easily earn Bitcoin rewards,” said Ben Cousens, Chief Strategy Officer of ZBD. “By combining Finfare Connect’s expertise in personalized offers with ZBD’s cutting-edge payments technology, we are providing our users with a great way to earn Bitcoin by shopping as they  normally would anyway.”

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