Global Artificial Intelligence in Agriculture Market, By Component (Machine Learning, Computer Vision, Predictive Analytics ), By Deployment Modes (Software, Hardware, AI-as-a-Service, Services), By Application Areas (Precision Farming, Drone Analytics, Agriculture Robots, Livestock Monitoring, Others) and opportunities and forecast 2020-2027
Artificial Intelligence in Agriculture Market Overview
Artificial intelligence techniques for farming help increase productivity and yield. Therefore, agribusiness firms adopt AI technologies in terms of predictive analytics-based solutions. AI-based applications and techniques help control pests, yield healthier crops, monitor the soil, and improve agriculture-related tasks within the entire food provide chain. AI is increasingly being adopted within the agriculture business for the development of harvest quality and accuracy since it helps analyze farm knowledge.
The global population is predicted to reach nine.8 billion by 2050, consistent with the un. rapidly growing population drives the necessity for bringing AI within the agriculture business. limited cultivatable land availability and want for enhanced food production for food security drive the necessity for a revolution fueled by AI, web of Things (IoT), and large data. AI-enabled applications cater to many areas within the agriculture business, like predictive and recommendation analytics, distinctive plant diseases, detecting pesterer infestations, and soil monitoring.
The covid-19 Impact on Artificial Intelligence in Agriculture Market:
|Market size available for years
|Base year considered
||Value (USD Million)
||Type, Deployment Method, Application Areas, and Region
||North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
||IBM ,Deere & Company ,Microsoft, Farmers Edge,The Climate Corp,ec2ce,Descartes Lab ,AgEagle ,aWhere ,Gamaya ,Precision Hawk ,Granular , Prospera ,Cainthus ,Taranis ,Resson, FarmBot Inc. , Connecterra ,Vision Robotics,Harvest Croo,ATC,Trace Genomics .
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount. Artificial Intelligence in Agriculture Market Segment Overview
By Technology , Machine Learning is segment accounted major market share, Machine learning-enabled solutions area unit being significantly adopted by agricultural organizations and farmers worldwide to reinforce their farm productivity and gain a competitive edge in business operations. within the coming years, the appliance of machine learning in various agricultural practices is predicted to rise exponentially.
By offering, software section to carry largest share of AI in agriculture market during forecast amount
The market for the code section is especially driven by the mixing of mobile technologies with farming techniques, the growing use of AI code to boost farm potency, and therefore the rising demand for real-time information management systems.
By Application Areas , Precision Farming segment accounted largest share through out the forecast period. Owing to technology in agricultural and new developments in this area.
Market Analysis, Insights and Forecast – By Technology
· Machine Learning,
· Computer Vision,
· Predictive Analytics
Market Analysis, Insights and Forecast – By Deployment Modes
Market Analysis, Insights and Forecast – By Application Areas
· Precision Farming
· Drone Analytics
· Agriculture Robots
· Livestock Monitoring
· Others Artificial Intelligence in Agriculture Market Regional Overview
Region-wise, in terms of regions,The market in North America accounted for a share of over 35.0% in 2018, owing to the leading industrial automation industry and adoption of computing solutions within the region. North America is characterised by improved purchasing power of the population, continuous investments in automation, appreciable investments in IIoT, and increasing focus from governments on in-house AI equipment production. The market additionally benefits from the presence of diverse agricultural technology providers exploring computing solutions, including IBM Corporation; deere & Company; Microsoft; Granular, Inc.; and the Climate Corporation.
The Asia Pacific market is predicted to demonstrate the highest CAGR over the forecast amount. Its growth is attributed to increasing adoption of computing technologies in agriculture.
Artificial Intelligence in Agriculture Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA) Artificial Intelligence in Agriculture Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Artificial Intelligence in Agriculture are highlighted below.
· In 2019, deere & Company partnered with Cultivating New Frontiers in Agriculture (CNFA), an international agricultural development organization to extend productivity and income for smallholder farmers by implementing mechanization within the agriculture business. Artificial Intelligence in Agriculture Market, Key Players
· Deere & Company
· Farmers Edge,
· The Climate Corp
· Descartes Lab
· Precision Hawk
· FarmBot Inc.
· Vision Robotics
· Harvest Croo,
· Trace Genomics
· Tule Technologies
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Artificial Intelligence in Agriculture market during the forecast period?
A. Artificial Intelligence in Agriculture market is expected to record a CAGR of ~ XX % during the forecast period.
Q2. Which segment is projected to hold the largest share in the Artificial Intelligence in Agriculture Market?
A. Precision Farming segment is projected to hold the largest share in the Artificial Intelligence in Agriculture Market.
Q3. What are the driving factors for the Artificial Intelligence in Agriculture market?
A. The growing demand for replacing the standard anti-fraud technology tools with advanced analytics is key factors that boost the growth of the Artificial Intelligence in Agriculture market progressively.
Q4. Which Segments are covered in the Artificial Intelligence in Agriculture market report?
A. Technology , Deployment Method, Application, and Region, these segments are covered in the Artificial Intelligence in Agriculture market report.
Q5. Which are the prominent players offering Agriculture Analytics?
A. IBM ,Deere & Company ,Microsoft, Farmers Edge,The Climate Corp,ec2ce,Descartes Lab ,AgEagle ,aWhere ,Gamaya ,Precision Hawk ,Granular , Prospera ,Cainthus ,Taranis ,Resson, FarmBot Inc. , Connecterra ,Vision Robotics,Harvest Croo,ATC,Trace Genomics .