A detailed overview of the global market for agricultural drones has been given in a recent market research report added to the portfolio of MarketResearchReports.biz. The report, titled “Agricultural Drones: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022,” states that the market is poised to expand over the period from 2016 to 2022 as the global population becomes more receptive towards the concept of precision farming.
The report states that the global market for agricultural drones will rise from a valuation of $494 million to $3.69 billion by 2022.
From a geographic viewpoint, the global agricultural drones market is currently dominated by the U.S., which accounts for 73% of the global expenditure on research, development, test and emulation in the field of smart drones. Japan is also significantly contributing to the research and development of drones and accounts for a major share in the global agricultural drone market.
To read the full report, visit MarketResearchReports.biz.