MarkNtel Advisors recently released a research report focusing on the Europe Agriculture Drones Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.
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Europe Agriculture Drones Market Insight and Analysis:
The Europe Agriculture Drones Market is projected to grow at a CAGR of around 20% during the forecast period, i.e., 2023-28.
Shortage of Labor in the Europe Agriculture Sector to Drive the Adoption of Agricultural Drones: Key Driver to Watch
Agriculture is one of the sectors requiring a large workforce for cultivating crops. Europe has been largely dependent upon migrant laborers from African & Asian countries for crop production in the regional countries. However, in recent years, European countries witnessed a decline in the number of migrant laborers, which gave rise to the adoption of agricultural drones among the farmers of Europe.
The rising labor shortage caused by factors such as the aging population, low wages, and immigration disruption during the COVID-19 pandemic is encouraging demand for agricultural UAVs/drones. According to the European government, in 2021, several European countries experienced a severe shortage of migrant labor in their agricultural sectors at a time when their presence was necessary to make sure & maintain the production of spring fruits & vegetables.
In addition, as per European Commission, over the last decade, the total labor force participation ratio in agriculture in Europe fell from 10.8 million to 8.9 million in 2020. Hence, to eliminate the dependency on the manual workforce for planting, spraying pesticides, crop monitoring, and other purposes, the adoption of agricultural drones would spur substantially during the forecast period.
Europe Agriculture Drones Industry Segmentation:
Based on Drone Type
– Fixed Wing
– Rotary Blade
– Hybrid
Based on Application
– Crop Monitoring
– Soil & Field Analysis
– Planting & Seeding
– Crop Spray
– Livestock Monitoring
– Others (Smart Greenhouse, Irrigation Management, etc.)
Based on Farm Type
– Fruits and Vegetables
– Field Crops
– Dairy and Livestock
– Others (Flowers, Nursery Plants, etc.)
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Geographically Analysis:
– Germany
– The UK
– France
– Italy
– Spain
– The Netherlands
– Rest of Europe
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A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including AeroVironment Inc., AgEagle Aerial Systems, Inc., DJI, PrecisionHawk, DroneDeploy, Parrot Drone SAS, Delair-Tech, Pix4D, Trimble, Inc., Microdrone, Others.
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