Agriculture Drones Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
- Single User License (1 Users) $ 3,500
- Team License (2~5 Users) $ 4,500
- Corporate License (>5 Users) $ 5,500
Agriculture Drones, also known as unmanned aerial vehicles (UAVs) tailored for farming, are sophisticated aerial platforms equipped with multispectral cameras, LiDAR sensors, and spraying mechanisms to facilitate precision agriculture tasks such as crop health monitoring, soil analysis, automated seeding, targeted pesticide application, and livestock surveillance. These drones enable farmers to collect high-resolution data over vast fields in minutes, generating actionable insights that optimize resource use—reducing water consumption by up to 30%, minimizing chemical inputs by 20–40%, and boosting yields by 10–15%—while minimizing labor-intensive ground scouting. Unlike manned aircraft or satellite imagery, which suffer from high costs and limited resolution, agriculture drones offer low-altitude, on-demand flights with centimeter-level accuracy, supporting variable rate application (VRA) for site-specific management. Powered by AI algorithms for image processing, edge computing for real-time decisions, and 5G connectivity for swarm operations, modern drones like DJI's Agras series achieve autonomous missions covering 100 hectares per hour with payload capacities exceeding 50 liters. The global Agriculture Drones market is expected to reach between USD 2.0 billion and USD 4.0 billion by 2025. Despite being a nascent segment within the broader agtech ecosystem, agriculture drones serve an indispensable role as harbingers of sustainable intensification. Between 2025 and 2030, the market is projected to grow at a compound annual growth rate (CAGR) of approximately 15.0% to 25.0%, supported by escalating food security needs, climate-adaptive farming, and regulatory liberalization for beyond-visual-line-of-sight (BVLOS) operations. This vigorous growth reflects the drones' transformative potential in reconciling productivity with planetary boundaries, even as the sector navigates scalability hurdles and equitable access.
Industry Characteristics
Agriculture Drones belong to the family of precision agtech devices, typically used as primary data collectors in conjunction with ground-based IoT sensors and satellite overlays to create comprehensive farm intelligence. While fixed-wing drones act as high-endurance mappers, rotary-wing models like multi-rotors decompose complex tasks into agile, hover-capable interventions. This synergistic mechanism allows for enhanced protection against yield loss, particularly during pest outbreaks or nutrient deficiencies.
The industry is characterized by high specialization, with production concentrated among a limited number of manufacturers. These producers are often integrated within the broader agtech market, supplying various drones for crop scouting, spraying, and analytics. Compared with manned aerial surveying and satellite imagery, the agriculture drone market is smaller, but its critical role in extending the performance of high-value precision applications ensures consistent demand.
Agriculture Drones are particularly valued in crop management. Cereals and row crops, which account for the largest share of global farmland, are prone to variable conditions during growth phases, and the incorporation of drones significantly enhances monitoring, particularly under large-scale operations. Rising demand for crops in food supply chains ensures continued reliance on drones as part of integrated systems.
Regional Market Trends
The consumption of Agriculture Drones is distributed across all major regions, with demand closely linked to arable land extent and precision farming adoption.
● North America: The North American market is estimated to hold a moderate share of global Agriculture Drone consumption. Growth in this region is projected in the range of 15.0%–22.0% through 2030. The demand is supported by mature but steady large-scale farming in the United States, especially for corn and soybeans. Precision agriculture, which relies on drones for yield mapping, also contributes to steady demand. Regulatory pressures regarding sustainable practices have prompted local producers to optimize drone fleets, which continues to sustain usage as part of standard farm intelligence.
● Europe: Europe represents another important market, with estimated growth in the 14.0%–20.0% range over the forecast period. The European agricultural sector is advanced, with strict regulatory frameworks regarding environmental impact. Demand for Agriculture Drones is supported by the cereals, horticulture, and viticulture sectors. However, environmental regulations and a strong push toward regenerative farming pose both challenges and opportunities for drone producers. The incorporation of drones in EU Green Deal initiatives is becoming increasingly important, which is likely to sustain demand in this region.
● Asia-Pacific (APAC): APAC is the dominant region for Agriculture Drone consumption, expected to grow at 18.0%–25.0% CAGR through 2030. China, India, Japan, and Australia drive the majority of demand due to their large-scale rice, wheat, and vegetable production, government subsidies, and export manufacturing bases. In particular, China accounts for the largest share, supported by its massive arable capacities and national drone strategies. India is experiencing rapid growth in smallholder adoption for cotton and pulses, further boosting consumption. APAC’s leadership is also supported by the presence of several key drone providers and cost-competitive manufacturing facilities.
● Latin America: The Latin American market remains relatively small but is projected to grow in the range of 16.0%–23.0%. Brazil and Argentina are the primary countries driving demand, supported by expanding soybean and maize cultivation. Economic volatility in some Latin American countries may limit broader market expansion, but steady demand for export crops ensures a consistent role for Agriculture Drones in precision systems.
● Middle East and Africa (MEA): MEA is an emerging market, with estimated growth in the 15.0%–22.0% range. The region benefits from proximity to tech imports and expanding irrigated farming, particularly in the Gulf countries. As regional crop capacities grow, consumption of drones for monitoring and spraying is expected to increase correspondingly.
Application Analysis
Agriculture Drone applications are concentrated in Crop Management, Field Mapping, Crop Spraying, Livestock Monitoring, Variable Rate Application (VRA), and Others, each demonstrating unique growth dynamics and functional roles.
● Crop Spraying: This is the largest application segment, accounting for the majority of Agriculture Drone consumption. Growth in this application is estimated in the range of 16.0%–24.0% CAGR through 2030. Crop spraying is prone to inefficiencies in coverage, and the incorporation of drones significantly enhances precision, particularly under variable terrain conditions. Rising demand for spraying in row crops ensures continued reliance on drones as part of input systems.
● Crop Management: Growth in this segment is projected in the 15.5%–23.0% range, supported by health monitoring and yield prediction. Crop management relies on drones to detect stress early. Trends include multispectral imaging and AI alerts.
● Field Mapping: This segment represents a foundational share, with growth estimated at 15.0%–22.0% over the forecast period. Field mapping uses drones for boundary and topography. While this segment demonstrates core growth opportunities in planning, it expands through orthomosaic generation.
Company Landscape
The Agriculture Drones market is served by a mix of global UAV leaders and agtech innovators, many of which operate across the broader precision farming ecosystem.
● DJI: A Chinese drone powerhouse, DJI offers the Agras T50 series with 50L spraying and AI route planning, supplying both domestic and international farmers with a focus on scalable operations.
● Trimble: Trimble's UX5 aerial mapper provides NDVI analytics, serving large-scale operations in North America and Europe.
● Parrot: France's Parrot Bluegrass integrates multispectral sensors, dominant in European viticulture.
● Yamaha Motor: Yamaha's RMAX helicopter drone excels in Japan for rice spraying.
● AgEagle Aerial: AgEagle's eBee series focuses on fixed-wing mapping for U.S. row crops.
Industry Value Chain Analysis
The value chain of Agriculture Drones spans component fabrication to farm intelligence. Upstream, sensor suppliers provide cameras, with assemblers integrating airframes and flight controllers. Software developers build analytics on cloud infrastructure. Distribution involves ag co-ops and direct sales, with integrators installing fleets. Farmers deploy for missions, supported by agronomists and data services. Downstream, processors use yield data for planning. The chain highlights Agriculture Drones as a specialty sensor, enhancing high-volume crop performance while commanding tech premiums.
Opportunities and Challenges
The Agriculture Drones market presents several opportunities:
● Rising precision farming: Global growth in data-driven agriculture directly drives drone adoption, particularly in spraying and mapping.
● Sustainability regulations: As emission reductions mandate, drones offer a significant growth avenue for input optimization.
● Emerging markets: Rapid intensification in Asia-Pacific and Latin America creates new opportunities for affordable fleets.
However, the industry also faces challenges:
● Environmental regulations: Stringent EU drone flight rules may pressure manufacturers to innovate low-impact designs.
● Market concentration: With a limited number of producers, the market faces risks related to supply stability and price fluctuations.
● Competition from alternatives: Satellite imagery and ground robots may reduce reliance on drones, requiring producers to adapt to evolving preferences.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Agriculture Drones Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Agriculture Drones by Region
8.2 Import of Agriculture Drones by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Agriculture Drones Market in North America (2020-2030)
9.1 Agriculture Drones Market Size
9.2 Agriculture Drones Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Agriculture Drones Market in South America (2020-2030)
10.1 Agriculture Drones Market Size
10.2 Agriculture Drones Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Agriculture Drones Market in Asia & Pacific (2020-2030)
11.1 Agriculture Drones Market Size
11.2 Agriculture Drones Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southest Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Agriculture Drones Market in Europe (2020-2030)
12.1 Agriculture Drones Market Size
12.2 Agriculture Drones Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Agriculture Drones Market in MEA (2020-2030)
13.1 Agriculture Drones Market Size
13.2 Agriculture Drones Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Agriculture Drones Market (2020-2025)
14.1 Agriculture Drones Market Size
14.2 Agriculture Drones Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Agriculture Drones Market Forecast (2025-2030)
15.1 Agriculture Drones Market Size Forecast
15.2 Agriculture Drones Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 DJI
15.1.1 Company Profile
15.1.2 Main Business and Agriculture Drones Information
15.1.3 SWOT Analysis of DJI
15.1.4 DJI Agriculture Drones Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Trimble
15.2.1 Company Profile
15.2.2 Main Business and Agriculture Drones Information
15.2.3 SWOT Analysis of Trimble
15.2.4 Trimble Agriculture Drones Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Parrot
15.3.1 Company Profile
15.3.2 Main Business and Agriculture Drones Information
15.3.3 SWOT Analysis of Parrot
15.3.4 Parrot Agriculture Drones Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Yamaha Motor
15.4.1 Company Profile
15.4.2 Main Business and Agriculture Drones Information
15.4.3 SWOT Analysis of Yamaha Motor
15.4.4 Yamaha Motor Agriculture Drones Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 AgEagle Aerial
15.5.1 Company Profile
15.5.2 Main Business and Agriculture Drones Information
15.5.3 SWOT Analysis of AgEagle Aerial
15.5.4 AgEagle Aerial Agriculture Drones Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 AeroVironment
15.6.1 Company Profile
15.6.2 Main Business and Agriculture Drones Information
15.6.3 SWOT Analysis of AeroVironment
15.6.4 AeroVironment Agriculture Drones Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 XAG
15.7.1 Company Profile
15.7.2 Main Business and Agriculture Drones Information
15.7.3 SWOT Analysis of XAG
15.7.4 XAG Agriculture Drones Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Research Scope of Agriculture Drones Report
Table Data Sources of Agriculture Drones Report
Table Major Assumptions of Agriculture Drones Report
Table Agriculture Drones Classification
Table Agriculture Drones Applications List
Table Drivers of Agriculture Drones Market
Table Restraints of Agriculture Drones Market
Table Opportunities of Agriculture Drones Market
Table Threats of Agriculture Drones Market
Table Raw Materials Suppliers List
Table Different Production Methods of Agriculture Drones
Table Cost Structure Analysis of Agriculture Drones
Table Key End Users List
Table Latest News of Agriculture Drones Market
Table Merger and Acquisition List
Table Planned/Future Project of Agriculture Drones Market
Table Policy of Agriculture Drones Market
Table 2020-2030 Regional Export of Agriculture Drones
Table 2020-2030 Regional Import of Agriculture Drones
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Agriculture Drones Market Size and Market Volume List
Table 2020-2030 North America Agriculture Drones Demand List by Application
Table 2020-2025 North America Agriculture Drones Key Players Sales List
Table 2020-2025 North America Agriculture Drones Key Players Market Share List
Table 2020-2030 North America Agriculture Drones Demand List by Type
Table 2020-2025 North America Agriculture Drones Price List by Type
Table 2020-2030 United States Agriculture Drones Market Size and Market Volume List
Table 2020-2030 United States Agriculture Drones Import & Export List
Table 2020-2030 Canada Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Canada Agriculture Drones Import & Export List
Table 2020-2030 Mexico Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Mexico Agriculture Drones Import & Export List
Table 2020-2030 South America Agriculture Drones Market Size and Market Volume List
Table 2020-2030 South America Agriculture Drones Demand List by Application
Table 2020-2025 South America Agriculture Drones Key Players Sales List
Table 2020-2025 South America Agriculture Drones Key Players Market Share List
Table 2020-2030 South America Agriculture Drones Demand List by Type
Table 2020-2025 South America Agriculture Drones Price List by Type
Table 2020-2030 Brazil Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Brazil Agriculture Drones Import & Export List
Table 2020-2030 Argentina Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Argentina Agriculture Drones Import & Export List
Table 2020-2030 Chile Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Chile Agriculture Drones Import & Export List
Table 2020-2030 Peru Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Peru Agriculture Drones Import & Export List
Table 2020-2030 Asia & Pacific Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Asia & Pacific Agriculture Drones Demand List by Application
Table 2020-2025 Asia & Pacific Agriculture Drones Key Players Sales List
Table 2020-2025 Asia & Pacific Agriculture Drones Key Players Market Share List
Table 2020-2030 Asia & Pacific Agriculture Drones Demand List by Type
Table 2020-2025 Asia & Pacific Agriculture Drones Price List by Type
Table 2020-2030 China Agriculture Drones Market Size and Market Volume List
Table 2020-2030 China Agriculture Drones Import & Export List
Table 2020-2030 India Agriculture Drones Market Size and Market Volume List
Table 2020-2030 India Agriculture Drones Import & Export List
Table 2020-2030 Japan Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Japan Agriculture Drones Import & Export List
Table 2020-2030 South Korea Agriculture Drones Market Size and Market Volume List
Table 2020-2030 South Korea Agriculture Drones Import & Export List
Table 2020-2030 Southeast Asia Agriculture Drones Market Size List
Table 2020-2030 Southeast Asia Agriculture Drones Market Volume List
Table 2020-2030 Southeast Asia Agriculture Drones Import List
Table 2020-2030 Southeast Asia Agriculture Drones Export List
Table 2020-2030 Australia Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Australia Agriculture Drones Import & Export List
Table 2020-2030 Europe Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Europe Agriculture Drones Demand List by Application
Table 2020-2025 Europe Agriculture Drones Key Players Sales List
Table 2020-2025 Europe Agriculture Drones Key Players Market Share List
Table 2020-2030 Europe Agriculture Drones Demand List by Type
Table 2020-2025 Europe Agriculture Drones Price List by Type
Table 2020-2030 Germany Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Germany Agriculture Drones Import & Export List
Table 2020-2030 France Agriculture Drones Market Size and Market Volume List
Table 2020-2030 France Agriculture Drones Import & Export List
Table 2020-2030 United Kingdom Agriculture Drones Market Size and Market Volume List
Table 2020-2030 United Kingdom Agriculture Drones Import & Export List
Table 2020-2030 Italy Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Italy Agriculture Drones Import & Export List
Table 2020-2030 Spain Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Spain Agriculture Drones Import & Export List
Table 2020-2030 Belgium Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Belgium Agriculture Drones Import & Export List
Table 2020-2030 Netherlands Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Netherlands Agriculture Drones Import & Export List
Table 2020-2030 Austria Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Austria Agriculture Drones Import & Export List
Table 2020-2030 Poland Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Poland Agriculture Drones Import & Export List
Table 2020-2030 Russia Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Russia Agriculture Drones Import & Export List
Table 2020-2030 MEA Agriculture Drones Market Size and Market Volume List
Table 2020-2030 MEA Agriculture Drones Demand List by Application
Table 2020-2025 MEA Agriculture Drones Key Players Sales List
Table 2020-2025 MEA Agriculture Drones Key Players Market Share List
Table 2020-2030 MEA Agriculture Drones Demand List by Type
Table 2020-2025 MEA Agriculture Drones Price List by Type
Table 2020-2030 Egypt Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Egypt Agriculture Drones Import & Export List
Table 2020-2030 Israel Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Israel Agriculture Drones Import & Export List
Table 2020-2030 South Africa Agriculture Drones Market Size and Market Volume List
Table 2020-2030 South Africa Agriculture Drones Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Agriculture Drones Import & Export List
Table 2020-2030 Turkey Agriculture Drones Market Size and Market Volume List
Table 2020-2030 Turkey Agriculture Drones Import & Export List
Table 2020-2025 Global Agriculture Drones Market Size List by Region
Table 2020-2025 Global Agriculture Drones Market Size Share List by Region
Table 2020-2025 Global Agriculture Drones Market Volume List by Region
Table 2020-2025 Global Agriculture Drones Market Volume Share List by Region
Table 2020-2025 Global Agriculture Drones Demand List by Application
Table 2020-2025 Global Agriculture Drones Demand Market Share List by Application
Table 2020-2025 Global Agriculture Drones Key Vendors Sales List
Table 2020-2025 Global Agriculture Drones Key Vendors Sales Share List
Table 2020-2025 Global Agriculture Drones Key Vendors Revenue List
Table 2020-2025 Global Agriculture Drones Key Vendors Revenue Share List
Table 2020-2025 Global Agriculture Drones Demand List by Type
Table 2020-2025 Global Agriculture Drones Demand Market Share List by Type
Table 2020-2025 Regional Agriculture Drones Price List
Table 2025-2030 Global Agriculture Drones Market Size List by Region
Table 2025-2030 Global Agriculture Drones Market Size Share List by Region
Table 2025-2030 Global Agriculture Drones Market Volume List by Region
Table 2025-2030 Global Agriculture Drones Market Volume Share List by Region
Table 2025-2030 Global Agriculture Drones Demand List by Application
Table 2025-2030 Global Agriculture Drones Demand Market Share List by Application
Table 2025-2030 Global Agriculture Drones Key Vendors Sales List
Table 2025-2030 Global Agriculture Drones Key Vendors Sales Share List
Table 2025-2030 Global Agriculture Drones Key Vendors Revenue List
Table 2025-2030 Global Agriculture Drones Key Vendors Revenue Share List
Table 2025-2030 Global Agriculture Drones Demand List by Type
Table 2025-2030 Global Agriculture Drones Demand Market Share List by Type
Table 2025-2030 Agriculture Drones Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Agriculture Drones Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Agriculture Drones Market Size and CAGR
Figure 2020-2030 North America Agriculture Drones Market Volume and CAGR
Figure 2020-2030 South America Agriculture Drones Market Size and CAGR
Figure 2020-2030 South America Agriculture Drones Market Volume and CAGR
Figure 2020-2030 Asia & Pacific Agriculture Drones Market Size and CAGR
Figure 2020-2030 Asia & Pacific Agriculture Drones Market Volume and CAGR
Figure 2020-2030 Europe Agriculture Drones Market Size and CAGR
Figure 2020-2030 Europe Agriculture Drones Market Volume and CAGR
Figure 2020-2030 MEA Agriculture Drones Market Size and CAGR
Figure 2020-2030 MEA Agriculture Drones Market Volume and CAGR
Figure 2020-2025 Global Agriculture Drones Market Volume and Growth Rate
Figure 2020-2025 Global Agriculture Drones Market Size and Growth Rate
Figure 2025-2030 Global Agriculture Drones Market Volume and Growth Rate
Figure 2025-2030 Global Agriculture Drones Market Size and Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.

1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.

Bottom-up approach size the objective market by collecting the sub-segment information.

2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.

- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.

- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.

3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.

4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.

- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
| Primary Sources | Secondary Sources |
|---|---|
| Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |