The agricultural sector in South America is upgrading its operations with advanced technologies to reduce time required to perform various processes and improve the overall productivity. The famers are adopting new machines to ease farming processes by replacing traditional time-consuming methods. Technological advancements in farming such as low-cost tractors, advanced farming equipment, and drones are offering enhanced benefits to the farmers. Thus, they are moving toward automation and digital platforms, thereby contributing to the market growth. The rising population of techno-savvy farmers in South America and changing attitude toward drone services are propelling the market growth. The service providers are taking numerous initiatives to reach out to maximum farmers through campaigns, events, and other activities. Owing to the potential risk of using drones that may harm people and properties, governments have imposed certain rules for the drone operators.
The agriculture drones are designed for various applications and the structure is modified as per requirement. For instance, fixed wings travel long distance at high speed and rotary wings travels at low ground level. The combination of fixed and rotary wings forms a new drone called hybrid, which is gaining popularity at market. Hybrid drone are suitable for long distance, and are able to operate on low ground level making it suitable for wide range of services. Service providers are selecting the drone as per the customer demand and size of their farms that needs to be covered. Further, continuous developments in the drone technology such as improved resolution, and scanning and mapping are advancing the agricultural drones for service providers. To meet specific requirement of the customers, service providers are offering various types of drone in their service package.
Strategic insights for the South America Agriculture Drone Service provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2019 | US$ 9.66 Million |
Market Size by 2027 | US$ 64.02 Million |
Global CAGR (2020 - 2027) | 27.0% |
Historical Data | 2017-2018 |
Forecast period | 2020-2027 |
Segments Covered |
By Type
|
Regions and Countries Covered | South and Central America
|
Market leaders and key company profiles |
The geographic scope of the South America Agriculture Drone Service refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
South America is one of the leading regions in the global agriculture market, and it accounts for more than 10% of the world’s agricultural product export. Countries such as Brazil and Colombia are leading exporters of agricultural products. ~41% of the total land in Brazil is under agriculture, and the country ranks third in terms of agricultural production among the South American countries. Sugarcane and soybean are largely produced crops in the country; it produces ~600 million tons of sugarcane yearly. Hence, to sustain this growth, agriculturists in the country are highly adopting advanced technologies. Countries such as Brazil, Argentina, and Colombia are at the forefront of adopting advanced technologies to improve farming processes, which propels the adoption of agricultural drones in the region. According to the instructor of National Rural Apprenticeship Service of Mato Grosso (SENAR-MT) programme use of UAVs for farming application is witnessing strong growth in the region. Drones are widely used for various applications such as monitoring plants, detecting and identifying irrigation problems, inspecting fences, and mapping.
Based on type, the rotary wing segment dominated the South America agriculture drone service market. The rotary wing agriculture drone is used for aerial photography and inspection application as they offer good camera control over the farm. Comparing to fixed wings drone, rotary wings have low battery backup and speed. However, the cost effectiveness of the rotary wing drones has attracted significant numbers of farmers and subsequently the agriculture drone service providers. This factor drives the agriculture drone service market in South America. Affordability is major advantage over other type, which helped the market for this segment to gain strong growth in the agriculture sector. The technological improvements in battery capacity to provide maximum energy are expected to drive the growth of the market for this segment during the forecast period.
Based on services, the surveying mapping segment dominated the South America agriculture drone service market. Surveying mapping services provide the digital map of the farm to prepare plan regarding planting the crops and other timely crop monitoring application. In addition, surveying mapping services offer farmers the terrain models and digital surface models to properly manage drainage and irrigation. It also helps identify leaky irrigation area or pipes. Companies are developing advanced solutions that are helping farmers to save time and utilize the productivity through optimizing farm land use for crop plating.
A few major primary and secondary sources referred to while preparing this report on the South America agriculture drone service market are company websites, annual reports, financial reports, national government documents, and statistical database. AERODYNE GROUP; Beijing TTA Technologies, Co., Ltd.; Applus+; CYBERHAWK; Dronegenuity; HORUS AERONAVES; Intertek Group plc; Taranis; Terra Drone Corp; and The Sky Guys, Ltd. are among the major companies listed in the South America agriculture drone service market report.
The South America Agriculture Drone Service Market is valued at US$ 9.66 Million in 2019, it is projected to reach US$ 64.02 Million by 2027.
As per our report South America Agriculture Drone Service Market, the market size is valued at US$ 9.66 Million in 2019, projecting it to reach US$ 64.02 Million by 2027. This translates to a CAGR of approximately 27.0% during the forecast period.
The South America Agriculture Drone Service Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Agriculture Drone Service Market report:
The South America Agriculture Drone Service Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Agriculture Drone Service Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Agriculture Drone Service Market value chain can benefit from the information contained in a comprehensive market report.