Report Overview

Higher efficiency and cost savings and data driven decision-making are expected to boost the growth of Australia agriculture drones market during the forecast period between 2023 and 2029.

Australia Agriculture Drones Market - Industry Trends & Forecast Report, 2029

Australia agriculture drones market size was estimated to be worth USD 24.7 million in 2022. During the forecast period between 2023 and 2029, the Australia agriculture drones market size is projected to grow at a CAGR of 35%, reaching a value of USD 202.1 million by 2029. Major growth factors for the Australia agriculture drones market include rising demand for food owing to the increasing population along with the expanding adoption of precision farming in the country. Furthermore, increasing government initiatives to boost automation in agriculture are expected to provide lucrative growth opportunities to the Australia agriculture drones market during the forecast period.

Australia Agriculture Drones Market – Overview

An agriculture drone is used in agriculture to monitor crop development and assist farmers in producing more crops. Farmers may get a more detailed view of their fields using sensors and digital imaging technologies. They can also monitor the condition of the plants in a certain region and identify which field areas need care by employing drones for agriculture mapping. Drones are also helpful with precision agriculture by carrying out a number of activities such as soil health monitoring, seeding, fertilizer application, crop stress management, irrigation schedule planning, weed control, crop yield management, and weather analysis.

Australia Agriculture Drones Market

Growth Drivers

Use of Analytical Tools to Boost Crop Yield

Using data from drones enables owners to lower operational costs, increase efficiency, and increase yields, farmers may be able to increase their return on investment. Farmers can now get real-time data on crop growth, soil moisture, and other crucial factors with the help of drone technology, enabling them to plan planting, harvesting, and other tasks in real-time. It can swiftly and effectively cover huge tracts of farmland, lowering the amount of time and manpower needed for crop monitoring and raising overall production.

Restraints

Strict Regulations and Licensing Requirements

Many countries, including Australia, have laid down drone laws to guide and regulate the use of drones in their respective countries. Australia’s Civil Aviation Safety Authority (CASA) makes flying a drone legal in Australia. Farmers are permitted to use a drone (remotely piloted aircraft) (RPAs) weighing less than 2 kg for commercial purposes, but only in the designated "excluded" category. They must comply with the established operating procedures and notify the CASA prior to taking off. Such regulations may limit the use of agriculture drones in Australia, limiting the overall market growth.

Impact of COVID-19 on the Australia Agriculture Drones Market

The unprecedented COVID-19 pandemic presented lucrative growth opportunities to the Australia agriculture drones market. The imposition of regional lockdown and social distancing restrictions directly impacted the smooth functioning of the agriculture sector. The shortage of labor resulted in disruptions in the production activities, which caused decreased yield and reduced revenues to the farmers. This prompted the farmers to adopt advanced technologies such as agricultural robots and machinery and automation into their operations, which significantly boosted the demand for agriculture drones in Australia.

Australia Agriculture Drones Market

Segmental Coverage

Australia Agriculture Drones Market – By Offerings

Based on offerings, the Australia agriculture drones market is segregated into fixed wing, rotary wing, and hybrid wing. The fixed-wing drone type accounts for the largest market share and is projected to register a high growth rate during the forecast period as well. These types of drones offer coverage to longer distances which is crucial for crop mapping of large farms. Furthermore, fixed-wing drones are also capable of carrying more weight as well as flying at higher altitudes.

Australia Agriculture Drones Market – By Component

Based on components, the Australia agriculture drones market is segmented into cameras, batteries, navigation systems, and others. The camera segment holds the largest share in the Australia agriculture drones market. The most common kind of camera used in agricultural drones is an RGB camera, which is perfect for basic crop mapping and monitoring. These cameras can record images in high quality, making them appropriate for determining the health of plants as well as their growth patterns and other visible traits.

Australia Agriculture Drones Market – By Farm Size

Based on farm size, the Australia agriculture drones market is segmented into small farms, mid-sized farms, and large farms. The large farms account for the highest share in the market. Agriculture drones prove to be helpful in covering large farms for various tasks including irrigation, crop mapping, and soil analysis to provide corrective measures. Furthermore, the high purchasing power of large farm owners also plays a crucial role in boosting the demand for agriculture drones in the market.

Australia Agriculture Drones Market – By Application

Based on application, the Australia agriculture drones market is segmented into precision agriculture, livestock monitoring, smart greenhouse, irrigation, precision fish farming, and others. Precision agriculture dominates the Australia agriculture drones market. The growth of this segment is mainly attributed to the rising adoption of advanced agricultural technologies such as sensors and analysis tools to improve the quality of the crop and boost overall production. Favorable government initiatives to raise awareness towards the use of agriculture drones and precision farming are expected to have a positive effect on the overall market growth.

Competitive Landscape

Major players operating in the Australia agriculture drones market include PrecisionHawk, senseFly, Parrot, DJI, Yamaha Motor, Quantix, AgEagle Aerial Systems, DroneDeploy, Aerobotics, and Sentera.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Offerings

• Fixed Wing

• Rotary Wing

• Hybrid Wing

By Component

• Cameras

• Batteries

• Navigation Systems

• Others

By Farm Size

• Small Farms

• Mid-Sized Farms

• Large Farms

By Application

• Precision Agriculture

• Livestock Monitoring

• Smart Greenhouse

• Irrigation

• Precision Fish Farming

• Others