The Global Market for Artificial Intelligence (AI) In Agriculture Was Estimated at USD 2.69 Billion In the Year 2023 and is Projected to Reach A Revised Size of USD 16.71 Billion By 2032, Growing at A CAGR of 22.5% Over the Forecast Period 2024- 2032.
The AI market in agriculture is rapidly growing due to the growing demand for effective and sustainable farming methods. AI technologies are transforming different areas of agriculture such as precision farming, livestock tracking, and self-operating machinery. Through the analysis of extensive data, artificial intelligence can improve resource allocation, increase agricultural output, and lessen environmental harm. Farmers are anticipated to continue growing this market by implementing AI solutions to tackle labor shortages, climate change, and increased food demand.
Key Prominent Players 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)
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Global AI in Agriculture Market Segmentation:
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
Geographic Segment Covered in the Report:
- 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)
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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the AI in Agriculture market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the AI in Agriculture market segments and regions.
The report offers varied descriptions about the segmentation of the market on the basis of the segmented global Powder Eyeshadows market and leads with a descriptive structure of the trends and restrictions of the various segments and sub-segments. It also provides the market size and estimates a forecast from the year 2024 to 2032. The report delivers information about the market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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AI in Agriculture Market Trend Analysis
Precision Farming: AI-powered technologies are enabling farmers to optimize resource allocation, reduce waste, and improve crop yields through precise targeting of inputs like fertilizers and pesticides.
Autonomous Machinery: Autonomous tractors, drones, and robots are becoming more prevalent, automating tasks such as planting, harvesting, and monitoring crops, reducing labor costs and increasing efficiency.
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