The Artificial Intelligence in Agriculture Market is expected to grow from USD 1.0 billion in 2020 to USD 4.0 billion by 2026 at a CAGR of 25.5% from 2020 to 2026.
Artificial intelligence in agriculture offers the farmers with important data/information associated to climate, water consumption, temperature and soil quality, and also has the ability to detect weeds. Artificial intelligence assists farmers in decision making by providing all type of data about which crop would bear the most productive outcomes in existing soil and weather conditions, or which seed and other inputs would generate high yields. Artificial intelligence incorporation has become of prominent use in the agriculture sector due to the surging demand for food. The escalating demand for agriculture production propelled by the rising population rate, increasing implementation of information management systems and advanced technologies, including machine learning and deep learning techniques, for increasing crop productivity and rising number of government initiatives are the key factors which are accelerating the growth of the global artificial intelligence in the agriculture market. AI-based applications help to control pests, enhance the quality of crops, monitor the soil and improve agriculture-associated tasks in the entire food supply chain. In addition to this, the increased adoption of Internet of Things and AI technologies such as computer vision, predictive analytics, machine learning and deep learning to evaluate soil moisture, weather conditions, temperature, plant health and other functions, are further fueling the growth of artificial intelligence in agriculture market. Furthermore, AI helps in enhancing yield quality and minimizing the labor cost which is also boosting the demand for AI in agriculture. The start-ups in agriculture are broadly adopting AI-based methodology to fuel the efficiency of agricultural production. Applying AI-enabled approaches assists in identifying diseases or climatic changes more rapidly and responds smartly. All these factors are significantly propelling the growth of the market in the coming years. On the other end of the spectrum, the heavy cost associated to the collection of accurate field data is limiting market growth.
The recent developments and up gradations in the AI sector have been disruptive in terms of their utility. With the availability of lesser resources and surged demand for food, the agriculture market is integrating AI technology. These technological advancements assist farmers to keep a track on their produce and improve harvest quality. These hi-tech breakthroughs may generate significant lucrative opportunities in the global artificial intelligence in agriculture market, in the coming years.
The global Artificial Intelligence in Agriculture Market is segregated on the basis of Technology as Machine Learning, Computer Vision and Predictive Analytics. Based on Offering the global Artificial Intelligence in Agriculture Market is segmented in Hardware, Software, AI-as-a-Service and Services. Based on Application the global Artificial Intelligence in Agriculture Market is segmented in Precision Farming, Agriculture Robots, Livestock Monitoring, Drone Analytics, Labor Management and Others.
The global Artificial Intelligence in Agriculture Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Artificial Intelligence in Agriculture Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
IBM Corporation, Deere & Company, Microsoft Corporation, The Climate Corporation, Granular Inc. and others are among the major players in the global Artificial Intelligence in Agriculture Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Artificial Intelligence in Agriculture Market has been segmented as below:
Artificial Intelligence in Agriculture Market, By Technology
Artificial Intelligence in Agriculture Market, By Offering
Artificial Intelligence in Agriculture Market, By Application
Artificial Intelligence in Agriculture Market, By Region
Artificial Intelligence in Agriculture Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Artificial Intelligence in Agriculture Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Artificial Intelligence in Agriculture Market share. Major industry players with significant revenue share include IBM Corporation, Deere & Company, Microsoft Corporation, The Climate Corporation, Granular Inc. and others.
Why to Buy this Report:
Target Audience:
Free and Paid Customization based on the requirement
Report Content
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Artificial Intelligence in Agriculture Market, By Technology
5.1. Key Points
5.2. Machine Learning
5.3. Computer Vision
5.4. Predictive Analytics
6. Artificial Intelligence in Agriculture Market, By Offering
6.1. Key Points
Artificial Intelligence in Agriculture Market, By Technology
Artificial Intelligence in Agriculture Market, By Offering
Artificial Intelligence in Agriculture Market, By Application