Europe Agriculture Drones Market Research
A recent research report published by MarkNtel Advisors reveals that the Europe Agriculture Drones Market is projected to register 20% CAGR during 2023-28. The report encompasses a comprehensive analysis of the industry, entailing latest trends, developments, drivers, restraints, challenges, & opportunities, along with its projected growth trajectory through all segments & geographies in the future.
In the analysis, stakeholders can find insights into the major aspects that are primarily contributing to the swift market expansion, wherin the information is presented in the form of diagrams, pie charts, tables, graphs, & other pictorial representations. Using these representations, the investors can understand the changing dynamics of the Europe Agriculture Drones Market and plan & lay out strategies to expand their visibility, product portfolio, & customer base and generate massive revenue in the industry.
The historical period considered in the study is 2018-21, the base year 2022, and the forecast period, as cited above, is 2023-28.
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Key Reasons to Buy this Analysis
-This report is a thorough compilation of factors responsible for driving the Europe Agriculture Drones Market dynamics, projecting its prominent drivers, growth restraints, opportunities, challenges, and emerging and high-potential segments & geographies, among others.
-The study also presents a detailed review of the leading companies operating in the Europe Agriculture Drones Market, where analysts have closely profiled leaders and put together data comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other parameters.
-Stakeholders or investors can get a hold of a detail-driven, accurate, and reliable information associated with the latest trends in the industry and strategically plan their investments in the future.
-Nonetheless, with the availability of estimation of funds put in by private firms & governments for the swift expansion of this industry along with insights into market expansion across each segment & geographic location, is also covered in this report.
Key Driver: Shortage of Labor in the Europe Agriculture Sector to Drive the Adoption of Agricultural Drones
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 Market Segmentation:
The segmentation analysis in the report enlighten s stakeholders with information upon light the overall performance of the Europe Agriculture Drones Market across different segments & geographies, using which they can strategize their investments to expand the brand visibility, product portfolio, & customer base and yield significant profits in the coming years.
Market Divided into, By Drone Type
Market Divided into, By Application
-Soil & Field Analysis
-Planting & Seeding
-Others (Smart Greenhouse, Irrigation Management, etc.)
Market Divided into, By Farm Type
-Fruits and Vegetables
-Dairy and Livestock
-Others (Flowers, Nursery Plants, etc.)
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The Europe Agriculture Drones Market is highly fragmented, and geographically, it expands across:
-Rest of Europe
Competitive Landscape of the Europe Agriculture Drones Market
This most prominent section of the report entails detailed insights into company profiles, investments & revenue generated, strategic initiatives, geographical presence, and production or service capacities, among other aspects. Every information stated here is a result of a thorough examination of key players & their hold in the industry to enable investors to make informed decisions in the future.
-AgEagle Aerial Systems, Inc.
-Parrot Drone SAS
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