Issue link: https://te.mouser.com/i/1416863
Market Outlook Due to extensive R&D and technology advancements, agriculture is one of the most prominent areas of innovation that is driving the global adoption of commercial drones within this space. The projected CAGR (compound annual growth rate) over the next ten years is 17% which opens up endless innovation opportunities for design engineers and drone manufacturers to capitalize on this space. TE Connectivity has an extensive line of connector and sensor solutions designed to serve as the reliable and sustainable components engineers depend on for commercial drone application designs. The Benefits of Using Commercial Drones for Agriculture • Allow spraying of crops to be done more efficiently and faster than traditional ways • Decrease liability by avoiding the risk of pilots • Open accessibility to more remote and ruggedized areas • Ensure safety by preventing exposure of workers to harmful chemicals • Enable precision and provides consistent application of chemicals • An effective way to study the health of the crops • Able to detect plant stress, pest damage, irrigation issues, and diseased crops early • Commercial drones imagery is more clear than satellite imagery Challenges of Adopting the Use of Commercial Drones • Return on investment • Software reliability and avoiding crashes • Developing the appropriate technical functionalities to operate tailored to the preferred use case • Liability of potential accidents and malfunctions of the commercial drone • Government restrictions: Beyond Visual Line-of-Sight (BVLOS) operations are essential for larger farms but are still not allowed in the United States or European countries Market Growth Drivers Around the Globe • China's government is subsidizing the agricultural system, strengthening the agricultural segment within the economy • Niche application usage in Europe and the United States for high value agricultural production • Rural labor shortages in China and Japan due to urbanization and aging population • Countries across the Asia Pacific region favor drone usage for the maintenance of crop and farming conditions • In Latin America, there are many large farms and less strict regulations • In China, thousands of drones are being sold annually for agricultural use cases and drone manufacturers are focusing on precision agriculture and environmental management THE EMERGENCE OF DRONE APPLICATIONS WITHIN THE AGRICULTURE INDUSTRY Commercial Drones Enable Agriculture Efficiency by Offering Photography Spraying Environmental Management Safety Precision COMMERCIAL DRONES / AGRICULTURE INDUSTRY OVERVIEW