Drone Industry Soaring as Global Agriculture Drones Market Alone is Projected to Reach $8.03 Billion By 2029

05 September 2025, New York: The drone industry as a whole is indeed soaring, with impressive growth driven by growing commercial and military applications and supportive governmental policies. Projections show the global market growing significantly, potentially reaching over $85 billion by 2033, with commercial, agricultural, and military sectors being major contributors to this boom. For example, the agriculture drones market in North America is witnessing growth due to demand for optimization of farm management using agricultural drones. Partnerships and the introduction of new products will present profitable prospects for industry participants in the coming five years.

The US FAA’s (Federal Aviation Administration) exemptions for the use of agriculture drones are anticipated to hold several opportunities for the market. A report from MarketsAndMarkets projected that the global agriculture drones market is projected to grow from USD 2.01 billion in 2024 to reach USD 8.03 billion by 2029, at a CAGR of 32.0% during the forecast period. It said, “The need to boost agricultural productivity and the labor shortage drive the agriculture drones market growth. Traditional farming faces labor shortages, increasing the demand for advanced agriculture technologies that enhance productivity and minimize manual labor. For instance, the USDA’s 2022 Census of Agriculture revealed a loss of 141,733 farms in the US from 2017 to 2022, highlighting the urgent need for solutions to improve efficiency and promote sustainable farming practices.” Active Companies in the Drone Industry today include ZenaTech, Inc., Draganfly Inc., Ondas Holdings Inc., AgEagle Aerial Systems Inc., Red Cat Holdings, Inc..

MarketsAndMarkets continued, “Favorable government policies, subsidies, and regulations coupled with increasing investments by market players to drive the usage of digital agriculture tools like drones are acting as drivers for the agriculture drone market. Public-private partnerships create innovation in developing tailored solutions to known problems, especially in agriculture, which receives research and development funding from government initiatives. Extension education and training are also brought about, which educates the farmer concerning the capabilities of the drones, thus making the farmer able to utilize the tools appropriately.”

Other developments in the drone/UAV industries include:

Draganfly Inc., an industry-leading developer of drone solutions and systems, recently successfully completed operational demonstrations of its Commander 3XL and Flex FPV drones with partner provider MMS Products as part of the U.S. Department of Defense Technology Readiness (T-REX) 24-2 exercise held from August 19–28 at Camp Atterbury, Indiana.

Draganfly was one of only four companies invited to conduct live demonstrations of FPV capabilities during the week-long exercise, which was organized by the Office of the Under Secretary of Defense for Research and Engineering in collaboration with the Indiana National Guard.

T-REX 24-2 is a full-scale, multi-domain experimentation event that provides a realistic operational environment for companies invited to showcase cutting-edge technologies that meet urgent warfighter needs. Draganfly’s participation included two key platforms: the Commander 3XL UAS, which successfully deployed multiple third-party products using its universal tactical multidrop payload system, reinforcing Draganfly’s impact as a force multiplier; and the Flex FPV Recon Drone, which demonstrated ultra-low-latency, close-quarters aerial intelligence in GPS-denied and constrained environments. The FPV system was also used for live over-the-shoulder support and target acquisition for allied forces in simulated operations.

CUAS – IDICE 2025, organized by UAS Norway in cooperation with INTERPOL, brings together global law enforcement, defense, and industry leaders for hands-on CUAS exercises. The event highlights live demonstrations at the Southern U.S. border and collaborative training aimed at advancing technologies and operational strategies to counter evolving drone threats. Attendees will include security officials from the U.S. Department of Defense and Department of Homeland Security, international homeland security and intelligence agencies including the U.S. Department of Justice and Federal Bureau of Investigation, representatives from the U.S. Coast Guard, and public safety organizations from around the world.

AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, has recently been awarded “AgTech Innovation of the Year” at the Sixth Annual AgTech Breakthrough Awards.

The Company’s line of agricultural sensors, including RedEdge-P, Altum-PT, and the recently released RedEdge-P Green, represents a critical breakthrough in precision agriculture, enabling farmers and agronomists to harness high-resolution multispectral imaging for more efficient, informed, and sustainable crop management. The agriculture industry regularly uses drone-captured data to gain greater crop insights to accurately plan and manage their operations throughout the growing season. This recognition celebrates AgEagle as a cutting-edge solution, shaping the future of agtech.

Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently reported its financial results for the second quarter ended June 30, 2025 and provides a corporate update.

“Red Cat is at the forefront of a major transformation in unmanned systems,” said Jeff Thompson, CEO of Red Cat. “With our AS9100 certification, strategic partnerships, and expansion into uncrewed surface vessels, we’re entering the second half of 2025 in a strong position. Recent developments—including Secretary Hegseth’s announcement on drone dominance, the executive order on shipbuilding, our new Army contract, and a significantly expanded 2026 budget for SRR—signal that next year is shaping up to be a breakthrough moment for Red Cat and the industry as a whole.”

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