South Korea Agriculture Drones Market Size & Outlook
South Korea agriculture drones market, 2018-2030 (US$M)
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South Korea agriculture drones market highlights
- The South Korea agriculture drones market generated a revenue of USD 65.9 million in 2023 and is expected to reach USD 343.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 26.6% 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 65.9 million |
| Market revenue in 2030 | USD 343.5 million |
| Growth rate | 26.6% (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, South Korea accounted for 2.9% 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 Asia Pacific, China agriculture drones market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 631.4 million by 2030.
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Agriculture Drones Market Scope
Agriculture Drones Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 62.06% in 2023. Horizon Databook has segmented the South Korea agriculture drones market based on fixed wing, rotary wing covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea's agriculture drone market is expanding, driven by the country's strong technological infrastructure and government support for smart farming. The aging farming population and the need to enhance agricultural productivity in a land-scarce environment have significantly accelerated drone adoption.
South Korea's Ministry of Agriculture, Food and Rural Affairs has implemented policies to promote drone use in farming, including subsidies for drone purchases and training programs for farmers. In regions such as Jeolla Province, known for rice cultivation, drones are increasingly used for precise application of fertilizers and pesticides.
South Korean electronics giants like Samsung and LG also entered the agricultural drone market, leveraging their expertise in sensors and IoT to develop advanced farming solutions. The country's commitment to reducing chemical use in agriculture has further spurred interest in drones for targeted spraying and pest management, aligning with the growing demand for environmentally friendly farming practices.
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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 country-level data and insights on the South Korea agriculture drones market , including forecasts for subscribers. This country databook contains high-level insights into South Korea agriculture drones market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea agriculture drones market size, by type, 2018-2030 (US$M)
South Korea Agriculture Drones Market Outlook Share, 2023 & 2030 (US$M)
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