The South America agriculture drone service market was valued at US$ 9.66 million in 2019 and is projected to reach US$ 64.02 million by 2027; it is expected to grow at a CAGR of 27.0% from 2020 to 2027.
Agriculture drone services are utilized in the farming application to save cost, and apply real-time analysis for crop management. The service helps farmers run farm operations with less manpower, more efficiently, and economically. Rising demand for digital solutions and predictive analytics to prevent losses in agricultural crop production is driving the South America agriculture drone service market. Moreover, agriculture drone services provide ease at a few farming applications such as aerial mapping, spraying, and yield management. Technological advancements in drones such as high resolution, increased distance travelling, and others functions are also contributing to the growth of the market. These highly operating devices are getting developed for the harsh environments and human critical areas, which is also supplementing the market growth.
The agriculture drone service market is segmented on the basis of type and service. Based on type, the market is segmented into fixed wing, rotary wing, and hybrid. The rotary wing segment accounted for a dominant share of the market in 2019. Rotary wing-based drones are getting adopted in the aerial photography, spraying and inspection application. In terms of services, the South America agriculture drone service market is segmented into surveying mapping, inspection, aerial photography, and spraying. The surveying mapping segment is a crucial application of agriculture drone services. Surveying mapping drones are used to prepare plan regarding planting the crops and other timely crop monitoring procedures. Rising penetration of smart and advanced technologies in agriculture industry is likely to drive the growth of the market during the forecast period.
A few players operating in the South America agriculture drone service market are AERODYNE GROUP; Beijing TTA Technologies, Co., Ltd.; Applus+; CYBERHAWK; Dronegenuity; HORUS AERONAVES; Intertek Group plc; Taranis; Terra Drone Corp; and The Sky Guys, Ltd.
The overall agriculture drone service market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the South America agriculture drone service market with regard to all the segments. Also, primary interviews were conducted with industry participants and commentators to validate data as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the South America agriculture drone service market.