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)
*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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Statista. (February 15, 2020). Agricultural drones market value in Latin America from 2018 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 25, 2024, from https://www.statista.com/statistics/1176963/agricultural-drones-market-value-latin-america/
Statista. "Agricultural drones market value in Latin America from 2018 to 2023 (in billion U.S. dollars)." Chart. February 15, 2020. Statista. Accessed December 25, 2024. https://www.statista.com/statistics/1176963/agricultural-drones-market-value-latin-america/
Statista. (2020). Agricultural drones market value in Latin America from 2018 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 25, 2024. https://www.statista.com/statistics/1176963/agricultural-drones-market-value-latin-america/
Statista. "Agricultural Drones Market Value in Latin America from 2018 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Feb 2020, https://www.statista.com/statistics/1176963/agricultural-drones-market-value-latin-america/
Statista, Agricultural drones market value in Latin America from 2018 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1176963/agricultural-drones-market-value-latin-america/ (last visited December 25, 2024)
Agricultural drones market value in Latin America from 2018 to 2023 (in billion U.S. dollars) [Graph], Statista, February 15, 2020. [Online]. Available: https://www.statista.com/statistics/1176963/agricultural-drones-market-value-latin-america/
