With food security gaining momentum on the global scale, the governments of various countries are promoting the use of technologies like genomics and sequencing in the field of agriculture. The increasing demand for environment-friendly innovative production methods, modernization in the agriculture sector, and high yield of crops have presented new opportunities for further development in the agrigenomics technology. According to the market Intelligence report by BIS Research titled, ‘Global NGS in Agrigenomics Market- Analysis & Forecast (2017-2021)’, the market is expected to reach the value of $ 1.4 billion by the end of 2021, registering a CAGR of 12.5% during the forecast period of 2017-2021. This significant growth is attributed to the increasing demand of genome sequencing products, government investments in NGS technologies, and rising penetration of this technology in crops and livestock. Moreover, advancements in the genomic technology with a variety of post-sequencing analysis techniques and governmental support in the developed countries is further escalating the market for NGS technology.
At the inception of Unmanned Aerial Vehicle (UAV) in the 20th century, the UAVs were utilized specifically for military purposes. But with the passing time and advancements in various technologies, the UAVs now serve multiple purposes besides military application. The UAVs have witnessed a significant reduction in size and weight over the last decade, which has consequently reduced the cost of manufacturing. Besides these developments, the battery life has also been enhanced considerably along with the degree of autonomy for these vehicles. As a result of these developments, UAVs now have a wider range of applications in different commercial and non-commercial sectors. According to our recent market intelligence report ‘Global Unmanned Aerial Vehicle (UAV) Market Value and Volume: Analysis and Forecast (2017-2021)', the global UAV market accounted for a market value of $8.02 billion in 2016 with small UAVs holding the highest share.