Latin America Agriculture Drones Market Size & Outlook
Latin America agriculture drones market, 2018-2030 (US$M)
Related Markets
Latin America agriculture drones market highlights
- The Latin America agriculture drones market generated a revenue of USD 195.2 million in 2023.
- The market is expected to grow at a CAGR of 23% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 195.2 million |
| Market revenue in 2030 | USD 832.5 million |
| Growth rate | 23% (CAGR from 2023 to 2030) |
| Largest segment | Rotary wing |
| Fastest growing segment | Fixed Wing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 8.7% of the global agriculture drones market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,612.6 million by 2030.
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Agriculture Drones Market Scope
Agriculture Drones Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 62.5% in 2023. Horizon Databook has segmented the Latin America agriculture drones market based on fixed wing, rotary wing covering the revenue growth of each sub-segment from 2018 to 2030.
The agricultural drones market in South America is witnessing growth due to the region’s emphasis on improving agricultural productivity and sustainability. Countries such as Brazil and Argentina are investing in robotic technologies to enhance farming practices and address labor shortages.
In Brazil, the agricultural sector's significant contribution to the economy is promoting the increased use of automation and robotics to manage agricultural activities. Data from the Brazilian government reveals that over 8,000 spraying drones were imported into the country between 2020 and 2023.
Government support, technological advancements, and the growing adoption of precision farming techniques are also key factors driving the market. Labor shortages and the growing need for solutions offering consistent efficiency across varied terrains also drive the regional market.
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Our clientele includes a mix of agriculture drones market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America agriculture drones market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America agriculture drones market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America agriculture drones market size, by country, 2018-2030 (US$M)
Latin America Agriculture Drones Market Outlook Share, 2023 & 2030 (US$M)
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