Recently published market studies predict a dramatic increase in Unmanned Aerial Vehicle System purchases and use in the agricultural sector.
Agricultural Robot Revenue and Shipments, Global Markets
Aviation Week?s Daryl Jenkins, a respected aviation economist, concluded that ?it will be no surprise that the projected [agricultural productivity] impact is far from small - $13.6 billion in the first three years, $82.1 billion from 2015 to 2025 - and the forecast is very, very conservative?.
In 2014, 1,030 farmers using precision farming technologies including variable rate fertilizing reported:
15% reduced overall input costs
13% increased crop yields
50% plan to invest in technology
Unit Sales of Unmanned Aerial Systems
In its 2014 sUAS Market Profile and Forecast, the Teal Group?s strategic forecasters estimated 2014 global sUAS expenditures at $6.4 billion and predicted it would double over the next ten years with growth driven primarily by civilian applications.
2016 study shows that sensor-based field mapping and variable-rate fertilization of corn reduced total Nitrogen fertilizer use by 11%.
Emerging market analysts at Tractica, in their 2015 third quarter report ?Agricultural Robots?, estimated the agricultural robots market, including Unmanned Aerial Vehicles (UAVs), would reach $3 billion by the end of 2015. They forecast the market to develop rapidly over the next five years, reaching $17 billion by the end of 2020 and continuing its upward momentum to reach $74 billion by 2024.
We support good environmental stewardship of our waterways by helping farmers place precise soil nutrients only where and when they are needed most.
Understanding the Industry
EPA CLEAN WATER ACT 2016 NUTRIENT CRITERIA