Agriculture drones have the capability of collecting high-quality data and are easy to use compared to other smart agriculture techniques

August 13, 2020 - Agriculture drones have the capability of collecting high-quality data and are easy to use compared to other smart agriculture techniques such as satellite imagery. in addition, drone data processing tools are becoming less expensive and easier to use. These advantages, along with the increasing awareness, propel the growth of the market.

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The global Agriculture Drones market was estimated at USD$ 802.8 Million in 2016, and is anticipated to reach USD$ 2957.9 Million by 2021, expanding at a CAGR of 29.8% between 2017 and 2021. Farmers are increasing implementing this technology, in farming, to gain better productivity and efficiently use water, land, and fertilizers. Furthermore, the technological, including sensors, better materials, and imaging capabilities, are also expected to fuel the agricultural sector.

Based on the products, the market is segmented into fixed wing, rotary blade, and hybrid. The fixed wing UAVs are expected to lead the industry over the forecast period, owing to their ability to carry heavy payloads and cover long distances.

The hybrid UAVs are anticipated to grow significantly with a CAGR of over 35% from 2017 to 2021, owing to the capability of covering long distances, with hover, over the fields. The proliferation of economical navigation and visualization, which include inspection and mapping, has helped the farmers in monitoring the fields.

The market for crop spraying application is expected to grow at the highest rate between 2017 and 2021. The increasing adoption of drones for crop spraying application would increase the yield and reduce the wastage of crops and fertilizers & pesticides. This is a key factor responsible for the expected growth of the market for crop spraying application.

The North America agriculture drones market is expected to remain the key revenue generating region with a prevalent share of the industry. The increasing adoption of the drones, in various applications including spraying, seeding, and livestock farming, has led to the enormous market share.

The Asia Pacific agriculture drone market is anticipated to witness a significant growth over the forecast period, owing to the increasing investments in R&D in the region.

Agriculture Drones Report by Material, and Geography - Global Forecast to 2023 is a professional and
comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

The report firstly introduced the Agriculture Drones basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. in the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

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Metallurgy Additive Manufacturing for Aerospace Market Structure, Strategies and Application to 2023

Additive manufacturing presents the opportunity to completely, rethink a product’s design, transforming its functionality and reducing manufacturing complexity. This is a disruptive technology that is transformational. Aerospace companies and government programs are focusing on the advance of metal 3D printing for aerospace engine applications in 2017. Advances have been able to make commercial additive manufacturing a reality.

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Aerospace and defense customers leverage 3D systems industry-leading solutions and expertise. Vendors seek to deliver productivity in increasing speed and reliability of quality assurance and validation processes, lowering fuel costs through light weighting and parts consolidation, and increasing manufacturing productivity through innovative 3D printed casting patterns, 3D data recovery, injection-mold design, and direct metal printing of airworthy parts.

“Metal 3D printing is at its beginning stages. It is poised to grow to new levels in the aerospace industry and beyond. A key advantage of 3D printing is that it removes constraints found with traditional manufacturing, reducing cycle time and production costs. Manufacturing companies in various industries use FDM Technology and realize benefits.”

The global market for metallic additive manufacturing for aerospace at $1.9 billion in 2016, $2.2 billion in 2017 is forecast to reach $20.9 billion by 2024. Market growth comes from the economies of scale achieved by building metal parts in layers instead of using cutting. Coherent designs make a difference, fostering market growth. The metal parts are structural, making metal additive manufacturing a core business.

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Implementation of Inertial Navigation Systems to Rev Up with Increasing Investments in Naval and Military Applications

Spiraling demand for unmanned underwater vehicles (UUVs) from various sectors, including defense, oil and gas, and scientific research is projected to fuel the demand for inertial navigation systems (INSs). INS uses dead reckoning process to determine the velocity, position, and orientation of a moving object. It is used in navigation applications, wherein accuracy and performance are of high importance. It is extensively used in marine vessels, aircraft, rockets, and other aerial and marine vehicles.

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High Adoption of Navigation Grade to Reflect Positively on Overall INS Sales

Some of the commonly used technologies in inertial navigation systems are mechanical gyro, Micro-Electro-Mechanical Systems (MEMS), ring laser gyro, and fiber optics gyro. Demand for ring laser gyroscopes is anticipated to rise at a significant pace in coming years. New investments in naval and military applications are likely to support the growth of the segment. For instance, the US Navy has recently signed a contract with Northrup Grumman to upgrade its inertial gyrocompass navigation system for surface ships to AN/WSN-7(V) ring laser gyroscope technology. This new technology will be immune to any enemy electronic counter measures and therefore, can be crucial for naval navigations in future. MEMS is expected to register remarkable growth in forthcoming years, due to rapid technological advancements.

Market Insights

Soaring demand for aircraft and missiles, owing to increasing geopolitical instabilities and changing nature of warfare is poised to provide a fillip to the global inertial navigation system (INS) market. Rapid technological advancements in navigation systems and micro-electro-mechanical systems (MEMS) are expected to drive the market. Development of miniaturized INSs at affordable prices can stoke the growth of the market, according to a report added to Radiant Insights, Inc.

On the flip side, operational complexities associated with INSs coupled with the lack of skilled personnel can limit the market from realizing its utmost potential. Nevertheless, introduction of commercial driverless vehicles is estimated to shape the future of the market. North America will register high demand for INSs during the forecast period (2017 to 2022), due to flourishing growth of the aerospace sector.

Some of the key players in the market are Rockwell Collins Inc.; Thales Group; Honeywell International Inc.; Trimble Navigation Ltd.; and Northrop Grumman Corporation.

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Commercial Helicopters Reduce Commute Time of Travelers

The growing global population and increasing traffic woes have led civilians to look for aerial solutions. Commercial helicopters are being seen as a viable solution for businessmen or expatriates. These aircraft are increasingly being used to travel between cities. Light, medium, and heavy helicopters are the major types of commercial helicopters. Helicopter operators cater to industries such as oil & gas, search and rescue services, and VIP transport.

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Key manufacturers of these aircraft are continuously developing their products in response to the altering customer needs. Their focus seems to be centered on two major aspects, namely weight and speed. The Clean Sky Initiative, a proposal by European agencies to reduce carbon emissions and air pollution is also being complied by manufacturers.

Areas of Focus

Civil Transportation: Aviation agencies in Bangladesh are increasing their fleet in response to consumer demand for commute. They have expanded their services from political programs and advertisement shoots to commercial transportation. A lax tax regime in China is also expected to attract an increased investment in purveying of commercial helicopters. These helicopters can be used to ferry customers to borders across China. In addition, China’s closeness to major airports makes it a lucrative hub for investment.

Improved Design: Russian Helicopters recently got approval for producing their aircraft from agencies, namely Kamov Ka-226 and Kazan Ansat. Improvements in its engine have made it nearly 20% more powerful than its predecessors. In addition, the luxurious space makes it apt for the hospital emergency services sector.

Market Outlook

The global commercial helicopter market may attain more than USD 11 billion in revenue by 2027, finds a report available on Radiant Insights, Inc. It is expected to exhibit a CAGR close to 3.5% over the forecast period (2017 to 2027). It is anticipated to be driven by the demand from civilians and other non-military personnel for travelling purposes.

The medium commercial helicopter segment is expected to lead the global market over the forecast period, followed by light and heavy helicopter segments. North America is touted to lead the market till 2027, followed by Asia Pacific and Europe. Prominent market players include Airbus Helicopters SAS, Bell Helicopter, Russian Helicopters, and Sirkosky Aircraft Corporation.

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