Rising Adoption of Agriculture Drones is Expected to Drive the South America Agriculture Drone Market

Farmers seek more efficient and sustainable methods of cultivation, and drones offer the capability to gather high-resolution data on crop health, soil conditions, and pest infestations. This data-driven approach empowers farmers to make informed decisions, optimize resource allocation, and enhance yields while minimizing environmental impact, positioning drones as invaluable tools for modernizing agricultural practices across the region.

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Data Bridge Market Research analyses that the South America Agriculture Drone Market is expected to grow at a CAGR of 3.84% in the forecast period of 2023 to 2030 and is expected to reach USD 107,962.41 thousand by 2030.  Rubber helps farmers increase efficiency, reduce operational costs, and make more environmentally sustainable choices.

Key Findings of the Study

Increasing Government Support and Initiatives Related To Agriculture Drones

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Report Scope and Market Segmentation

Segment Analysis:

The South America agriculture drone market is segmented into four notable segments which are based the media, material, end user, and sales channel.

• On the basis of offering, the market is segmented into hardware, software and services. Hardware segment is further segmented into LED light, cameras, pump, battery, sensors, GPS/GIS, flight controller and others.

In 2023, the hardware segment is expected to dominate the market

In 2023, the hardware segment is expected to dominate the market with a 65.91% share because it encompasses the essential components such as drones, sensors, and cameras vital for precision farming. These hardware elements enable data collection, monitoring, and automation, making them indispensable for modern agriculture practices. The hardware segment's significance is set to grow as agriculture becomes increasingly technology-driven.

• On the basis of drone type, the market is segmented into fixed-wing drones, multi-wind drones and others.

In 2023, the fixed-wing drones segment is expected to dominate the market

In 2023, the fixed-wing drones segment is expected to dominate the market with a 54.33% share because they are more efficient for large-scale agricultural operations due to longer flight times and coverage. They can carry heavier payloads for advanced sensors and imaging equipment. The need for comprehensive, cost-effective data collection in precision farming drives this dominance.

• On the basis of capacity, the market is segmented into upto 5 liters, 5 to 10 liters, 10 to 15 liters, 15 to 20 liters and others. In 2023, the 15 to 20 liters segment is expected to dominate the market with a 45.58% market share
• On the basis of flight mode, the market has been segmented into manual, semi-autonomous and autonomous. In 2023, the manual segment is expected to dominate the market with a 65.67% market share.
• On the basis of operation mode, the market is segmented into standard mode, customized mode and remote control mode. In 2023, the standard mode segment is expected to dominate the market with a 52.19% market share
• On the basis of sales channel, the market has been segmented into OEM and aftermarket. In 2023, the OEM segment is expected to dominate the market with a 67.56% market share
• On the basis of application, the market is segmented into mapping & surveying, precision agriculture, crop dusting & spraying, monitoring field conditions, planting & seeding, drone pollination, drone irrigation, livestock management and others. In 2023, the mapping & surveying segment is expected to dominate the market with a 33.29% market share

Major Players  

Data Bridge Market Research analysis BASF SE (Germany), DJI (China), Qingdao Zhongfei Intelligent, Technology Co., Ltd (China), XAG Co. Ltd (China) as the major market players in the South America agriculture drone market.

Market Development

• In July 2023, Qualcomm Technologies, Inc. partnered with IdeaForge Technology Limited to enhance their drone solutions by integrating the Qualcomm Flight RB5 5G Platform. This collaboration will bolster the onboard computing capabilities of IdeaForge UAVs, enabling advanced applications such as object avoidance and path planning. IdeaForge aims to offer improved UAV performance across various applications, showcasing the potential of Indian companies in addressing real-world challenges through advanced technology solutions by combining their technology with Qualcomm's compute capabilities
• In April 2023, Aerodyne Group chose Citigroup Inc. as its funding partner as it aims to secure up to USD 200.00 million before its anticipated 2024 IPO. The fundraising may be conducted in stages, providing flexibility for the company's capital needs. This strategic move highlights Aerodyne's commitment to scaling its operations and market presence in the drone industry
• In January 2023, Yamaha Motor Co., Ltd. invested in Nileworks Inc. to strengthen its drone business by integrating automation and digital agriculture technologies, aiming to expand beyond agriculture. Nileworks specializes in automated agricultural drones and data services. This partnership, part of a broader consortium effort, signifies Yamaha Motor's commitment to advancing Japanese drone and smart agriculture technologies, contributing to sustainable growth and addressing societal challenges
• In October 2022, DJI AGRAS T40, unveiled at DJI AirWorks 2022, addressed the growing demand for efficient aerial spraying and fertilization in global fruit tree agriculture. Featuring an impressive payload capacity of 50 kg and a high-flow Dual Atomized Spray System, it enhances droplet adhesion and spreading efficiency, meeting the evolving needs of users in aerial crop protection for fruit trees
• In August 2019, AeroVironment, Inc.’s University Collaboration Project donated 87 Quantix drones and AV DSS ecosystems to 35 U.S. university agriculture departments. This initiative aims to advance agricultural research, applications, and crop production practices through the use of unmanned aircraft systems and data analytics. These resources will facilitate precision agriculture research, enhancing crop management and future farming efficiency

Regional Analysis

Geographically, the countries covered in the South America agriculture drone market report are Brazil, Argentina, Colombia, Peru, Chile, Venezuela, Bolivia, Guyana, and Uruguay.

As per Data Bridge Market Research analysis:

Brazil is the dominant country in the agriculture drone market

In 2023, Brazil is expected to dominate the market because of its vast agricultural landscape and diverse crops. The country's significant adoption of modern farming practices and technology fuels the demand for agricultural drones. Brazil's position as a major global agricultural producer and exporter further enhances its leadership in this market.

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