Agricultural Drones Market - Forecast(2020 - 2025)
Agricultural Drones Market Overview: The increasing global population that is going to reach as much as 10 billion by 2050 is estimated to boost the agriculture demand by 50% as compared to that in 2013, according to the Food and Agriculture Organization of the United Nations (FAO). Furthermore, the organization projects that global GDP of the agriculture industry will increase from $50 trillion in 2005-07 to $126 trillion in 2050. [1] This exponential expansion of the agriculture sector is the main reason for the catapulting sales of agricultural drones worldwide. The future foresees a demand influx in the agricultural drones market that had a market size of $9.8 billion as of 2018. Additionally, owing to their advantages, the demand for agricultural drones is estimated to observe a rise in the cultivation sector with a healthy compound annual growth rate of 8.20% during the forecast period of 2019 to 2025. The advanced implementation of technology has reflected in the ag...