Latin America: agricultural drones market value 2018-2023

Published by P. Navarro Villa, Sep 22, 2023
The agricultural drones market in Latin America is forecast to reach approximately 600 million U.S. dollars by 2023, up from an estimated 170 million dollars in 2018. A compound annual growth rate (CAGR) of 28.17 percent is expected for the period. In Brazil, the number of officially registered drones experienced a rise in recent years, with nearly 80,000 registered units as of December 2019.

Agricultural drones market value in Latin America from 2018 to 2023 (in billion U.S. dollars)

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Release date

February 2020

Region

LAC

Survey time period

2018

Supplementary notes

*Forecast.
An exponential development of the values was assumed to estimate the annual values between 2018 and 2023, based on the CAGR provided by the source.

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Statistics on " Smart agriculture in Latin America "

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