Artificial Intelligence (AI) in Agriculture Market
Artificial Intelligence (AI) in Agriculture Market Size, Share & Trends Analysis Report by Technology (Computer Vision, and Predictive Analytics), by Offering (Software, Hardware, and Services), by Application (Precision Farming, Livestock Monitoring, Drone Analytics, Agriculture Robots, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Artificial intelligence (AI) in agriculture market is anticipated to grow at a CAGR of 26.1% during the forecast period. The growing involvement of start-ups in AI in agriculture market across the globe is the major factor driving the growth of the market. For instance, in May 2022, Cropin Technology Solutions Pvt Ltd, a Bengaluru-based start-up that provides smart SaaS-based solutions to agribusinesses globally set up an intelligent agriculture cloud, and new AI labs. The company has opened a lab with a team of 30 members comprising earth observation scientists, data scientists, agronomists, and AI/ML researchers. The AI labs are focused on studying and computing cultivable lands across the globe. Adding on the lab is capable of computing crop intelligence at the planet scale and already computed 0.2 billion acres of cultivable land in 13 countries including India, Nigeria, and Bangladesh. The company is planning to compute over 1.2 billion acres of cultivable lands across North America, Europe, Asia Pacific, LATAM, and Africa regions by 2025.
Segmental Outlook
The global AI in agriculture market is segmented based on the technology, offering, and application. Based on the technology, the market is bifurcated into computer vision and predictive analytics. Based on the offering, the market is sub-segmented into software, hardware, and services. Based on the application, the market is further sub-segmented into precision farming, livestock monitoring, drone analytics, agriculture robots, and others. Among these, the predictive analytics sub-segment is expected to hold a considerable share of the market owing to it assisting farmers to analyze and address challenges such as pesticide control, weed management, irrigation and drainage management, and others with the use of image analysis and neural networks.
Among these, the software segment is expected to hold a considerable share of the market due to the changing customers' requirements and behavior which are pushing key players to develop software-based solutions to provide improved customer satisfaction and experience. For instance, in March 2020, Farmers Edge Inc. and Nufarm Ltd. partnered for 3 years to digitize 3 million acres of farmland in Brazil by 2023. Through this partnership, both companies will aim to provide improved crop protection and modern digital tools to maximize profitability. Farmers Edge Inc. brings unique digital infrastructure to the farm that collects data from any type of environment over wireless mesh or cellular networks which guides the farmers and improves crop production.
Regional Outlooks
The global AI in agriculture market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Asia-Pacific is expected to hold a considerable share in the AI in agriculture market during the forecast period, owing to the increasing use of AI technology to improve the speed and accuracy of planting and crop management techniques in the region.
Global AI in Agriculture Market Growth, by Region 2022-2028
North America is Expected to Hold a Significant Share in the Global AI in Agriculture Market
Among all North American region is expected to hold a significant market share during the forecast period. The presence of AI in agriculture market players such as IBM Corp., John Deere Group, Microsoft Corp., and others are accelerating the growth of the AI in agriculture market. Key market players are focusing on collaboration strategy to stay competitive in the market. For instance,, in January 2020, Yara International ASA and IBM launched an open collaboration for farm and field data in order to advance sustainable food production. Both companies are focusing on improving the global food production system by involving farmer associations, industry players, academia, and NGOs from the food and agriculture industry. The open farm & field data exchange aims to bring data together from various players to address concrete issues and enable innovation. Additionally, farmers are paid by the company for sharing their data. According to issues that are faced by the farmers, the Yara-IBM partnership will provide technological solutions to farmers.
Market Players Outlook
The major companies serving the global AI in agriculture market include A.A.A Taranis Visual Ltd., AgEagle Aerial Systems Inc., aWhere Inc, Descartes Labs, Inc., ec2ce, Farmers Edge Inc., Granular, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, John Deere Group, a manufacturer of farm machinery and industrial equipment, acquired patents and intellectual property (IP) from AI startup Light, which specializes in in-depth perception technology and creating technology with human-like vision. Through this acquisition, John Deere Group aims to accelerate the development and deployment of AI technology, allowing machinery to move faster and safely without human interference.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global AI in agriculture market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Artificial Intelligence in Agriculture Market by Technology
4.1.1. Computer Vision
4.1.2. Predictive Analytics
4.2. Global Artificial Intelligence in Agriculture Market by Offering
4.2.1. Software
4.2.2. Hardware
4.2.3. Services
4.3. Global Artificial Intelligence in Agriculture Market by Application
4.3.1. Precision Farming
4.3.2. Livestock Monitoring
4.3.3. Drone Analytics
4.3.4. Agriculture Robots
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. A.A.A Taranis Visual Ltd.
6.2. AgEagle Aerial Systems Inc.
6.3. aWhere Inc.
6.4. Descartes Labs, Inc.
6.5. ec2ce
6.6. Farmers Edge Inc.
6.7. Granular, Inc
6.8. International Business Machines Corp.
6.9. John Deere Group
6.10. Microsoft Corp.
6.11. PrecisionHawk, Inc.
6.12. Prospera Technologies Ltd.
6.13. SkySquirrel Technologies Inc.
6.14. The Climate Corp.
6.15. Tule Technologies Inc.
1. GLOBAL AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
2. GLOBAL AI IN AGRICULTURE BY COMPUTER VISION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL AI IN AGRICULTURE BY PREDICTIVE ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY OFFERING, 2021-2028 ($ MILLION)
5. GLOBAL AI IN AGRICULTURE SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL AI IN AGRICULTURE HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL AI IN AGRICULTURE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
9. GLOBAL AI IN AGRICULTURE FOR PRECISION FARMING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AI IN AGRICULTURE FOR LIVESTOCK MONITORING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
11. GLOBAL AI IN AGRICULTURE FOR DRONE ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL AI IN AGRICULTURE FOR AGRICULTURE ROBOTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
13. GLOBAL AI IN AGRICULTURE FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
14. GLOBAL AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. NORTH AMERICAN AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY OFFERING, 2021-2028 ($ MILLION)
18. NORTH AMERICAN AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. EUROPEAN AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
21. EUROPEAN AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY OFFERING, 2021-2028 ($ MILLION)
22. EUROPEAN AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY OFFERING, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
27. REST OF THE WORLD AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
29. REST OF THE WORLD AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY OFFERING, 2021-2028 ($ MILLION)
30. REST OF THE WORLD AI IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL AI IN AGRICULTURE MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
2. GLOBAL AI IN AGRICULTURE BY COMPUTER VISION MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL AI IN AGRICULTURE BY PREDICTIVE ANALYTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL AI IN AGRICULTURE MARKET SHARE BY OFFERING, 2021 VS 2028 (%)
5. GLOBAL AI IN AGRICULTURE SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL AI IN AGRICULTURE HARDWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL AI IN AGRICULTURE SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL AI IN AGRICULTURE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
9. GLOBAL AI IN AGRICULTURE FOR PRECISION FARMING MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL AI IN AGRICULTURE FOR LIVESTOCK MONITORING MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL AI IN AGRICULTURE FOR DRONE ANALYTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL AI IN AGRICULTURE FOR AGRICULTURE ROBOTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL AI IN AGRICULTURE FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL AI IN AGRICULTURE MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. US AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
17. UK AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD AI IN AGRICULTURE MARKET SIZE, 2021-2028 ($ MILLION)
