The Global Market for Artificial Intelligence (AI) In Agriculture Was Estimated at USD 2.20 Billion In the Year 2022, Is Projected to Reach A Revised Size of USD 11.01 Billion By 2030, Growing at A CAGR of 22.3% Over the Forecast Period 2023-2030.
The Artificial Intelligence in Agriculture Market pertains to the incorporation, advancement, and use of AI technologies in the agricultural domain with the aim of streamlining diverse procedures, boosting output, and enhancing sustainability. Applications of AI in agriculture include soil analysis and irrigation management, precision agriculture methods including crop monitoring and management, autonomous farm equipment, and animal monitoring. Predictive analytics is also used in agriculture to anticipate yields. These artificial intelligence (AI) systems use data from multiple sources, including sensors, drones, satellites, and farm equipment, to give farmers and other agricultural stakeholders insights and assistance in making decisions. The market's primary factors are data quality, legal frameworks, the capacity of AI systems to operate with the farm's current infrastructure, and adoption hurdles including cost and technical know-how.
Top Key Players Covered in The AI In Agriculture Market
Deere & Company (US), IBM Corporation (US), Microsoft Corporation (US), The Climate Corporation (US), Farmers Edge Inc. (Canada), Hewlett Packard Enterprise Development LP (US), Cisco Systems Inc. (US), Google LLC (US), Amazon Web Services Inc (US), Corteva Inc (US), AgEagle Aerial Systems Inc. (US), Descartes Labs Inc. (US) and Other Major Players.
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Drivers in AI in Agriculture Market:
Enhancing agricultural productivity, sustainability, and efficiency is the driving force behind the AI in agriculture sector. Utilizing AI-powered tools like computer vision, machine learning, and predictive analytics, farmers may minimize risks, maximize crop management, and cut down on resource waste. Further driving market expansion are variables including the growing world population, the effects of climate change, and labor shortages. Additionally, government programs, financial aid, and investments in digital agriculture solutions stimulate market growth, particularly in areas with agricultural issues.
Segmentation Analysis of The AI in Agriculture Market
AI in the Agriculture Market segments covers the Type, Technology, Deployment, Application, and end-users. By Application, the Precision Farming segment is Anticipated to Dominate the Market Over the Forecast period.
By Type
- Solution
- Service
By Technology
- Machine Learning
- Computer Vision
- Predictive Analytics
- By Deployment
- Cloud
- On-premise
- Hybrid
By Application
- Weather Tracking
- Precision Farming
- Drone Analytics
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Opportunities in AI in Agriculture Market:
Creating AI-powered solutions for yield optimization, crop monitoring, and precision farming are among the opportunities in the AI in Agriculture industry. Innovation and product development are facilitated by partnerships with agronomists, research institutes, and agri-tech entrepreneurs. Market participants can find opportunities for expansion by expanding into emerging markets with expanding agriculture sectors. Furthermore, adopting data-driven farming methods and intelligent irrigation systems to solve sustainability issues offers chances for environmental stewardship and market distinction.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Report includes Competitor's Landscape:
- Major trends and growth projections by region and country
- Key winning strategies followed by the competitors
- Who are the key competitors in this industry?
- What shall be the potential of this industry over the forecast tenure?
- What are the factors propelling the demand for the Action Figures And Statues?
- What are the opportunities that shall aid in significant proliferation of the market growth?
- What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
- How has the covid-19 impacted the growth of the market?
- Has the supply chain disruption caused changes in the entire value chain?
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