Canada Agriculture Drones Market Size & Outlook, 2023-2030
Canada agriculture drones market, 2018-2030 (US$M)
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Canada agriculture drones market highlights
- The Canada agriculture drones market generated a revenue of USD 213.2 million in 2023 and is expected to reach USD 999.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 24.7% from 2024 to 2030.
- In terms of segment, rotary wing was the largest revenue generating type in 2023.
- Fixed Wing is the most lucrative type segment registering the fastest growth during the forecast period.
Agriculture drones market data book summary
| Market revenue in 2023 | USD 213.2 million |
| Market revenue in 2030 | USD 999.2 million |
| Growth rate | 24.7% (CAGR from 2023 to 2030) |
| Largest segment | Rotary wing |
| Fastest growing segment | Fixed Wing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Wing, Rotary Wing |
| Key market players worldwide | Parrot SA, AgEagle Aerial Systems Inc, AeroVironment Inc, Trimble Inc, Draganfly Inc Ordinary Shares, DJI, PrecisionHawk, DroneDeploy, Autel Robotics, Pix4D, Sky-Drones, Sentera |
Other key industry trends
- In terms of revenue, Canada accounted for 9.5% of the global agriculture drones market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. agriculture drones market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 999.2 million by 2030.
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Agriculture Drones Market Scope
Agriculture Drones Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada agriculture drones market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agriculture drones market will help companies and investors design strategic landscapes.
Rotary wing was the largest segment with a revenue share of 62.57% in 2023. Horizon Databook has segmented the Canada agriculture drones market based on fixed wing, rotary wing covering the revenue growth of each sub-segment from 2018 to 2030.
Government initiatives such as the Canadian Agricultural Partnership, a five-year USD 3 billion investment by federal, provincial, and territorial governments, include funding for precision agriculture technologies, including drones.
The vast agricultural lands, particularly in Saskatchewan, which accounts for nearly 40% of Canada's arable land, provide ample opportunities for drone applications. Companies such as SkyWatch Insurance Services, Inc. are using drones for crop health assessment and yield estimation across thousands of acres in this region.
Climate change adaptation is another driver, with institutions such as Niagara College's precision agriculture program using drones to monitor vineyard health and optimize irrigation in Ontario's wine region. Research and development efforts are also contributing to market growth.
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Our clientele includes a mix of agriculture drones market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada agriculture drones market , including forecasts for subscribers. This country databook contains high-level insights into Canada agriculture drones market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada agriculture drones market size, by type, 2018-2030 (US$M)
Canada Agriculture Drones Market Outlook Share, 2023 & 2030 (US$M)
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