Global Artificial Intelligence in Agriculture
Market Report
2024
Artificial Intelligence in Agriculture market size is USD 1.9 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 20.56% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Artificial Intelligence in Agriculture market size is USD 1.9 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 20.56% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Artificial Intelligence in Agriculture Market Sales Revenue 2024 | $ 1.9 Billion |
Global Artificial Intelligence in Agriculture Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 20.56% |
Market Split by Technology |
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Market Split by Offering |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Artificial Intelligence in Agriculture Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Integration of the Artificial Intelligence (AI) in agriculture has revolutionized the industry by enhancing efficiency, productivity, and sustainability. AI technologies like computer vision, ML, and predictive analytics are being deployed to optimize various agricultural processes. These include crop monitoring, yield prediction, disease detection, precision farming, and resource management. AI-powered systems analyze vast amounts of data collected from drones, sensors, and satellite imagery to provide actionable insights for farmers, enabling them to make informed decisions and maximize yields while minimizing resource wastage. Additionally, AI solutions contribute to mitigating environmental impact by reducing chemical usage and optimizing water usage. The global AI in agriculture market is experiencing fast growth, driven by the surging adoption of smart farming practices, government initiatives promoting digitalization in agriculture, and growing demand for food security amidst population growth and climate change challenges.
Key Drivers for Artificial Intelligence in the Agriculture Market
Increasing Population and Demand for Food to Increase the Demand Globally - One key driver in the Artificial Intelligence in Agriculture market is the rising demand for food growing population. As the global population continues to surge, there is an surging demand for food production to meet the needs of a larger populace. This growing demand poses significant challenges to traditional agricultural practices in terms of efficiency, productivity, and sustainability. Artificial Intelligence (AI) offers innovative solutions by optimizing various aspects of farming, such as crop monitoring, yield prediction, and resource management. By harnessing AI technologies, farmers can enhance their productivity and maximize yields while minimizing resource wastage.
Supportive Government Policies and the Initiatives to Promote Modern Agricultural Tools and Techniques Drive the Market by Fostering Technological Adoption, Incentivizing Innovation, and Facilitating the Integration of AI Solutions into Farming Practices.
Key Restraints for Artificial Intelligence in the Agriculture Market
High-Cost and Unskilled Labor- The high initial cost of installation and unskilled labor is a significant barrier to market growth.
Large-Scale Technological Limitations in Underdevelopment Economies- Large-scale technological limitations in underdeveloped economies hinder the widespread adoption and growth of Artificial Intelligence in the Agriculture market by impeding access to necessary infrastructure and resources for deploying AI-powered solutions effectively.
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In April 2023, IBM collaborated with Texas A&M AgriLife to offer farmers with water consumption insights, which can fuel agricultural productivity while minimizing economic and environmental expenses. Both the companies will deploy and grow Liquid Prep, a technology solution to help farmers decide ‘when to water’ in dry parts of the US.
(Source: https://agrilifeextension.tamu.edu/programs-services/)
Top Companies Market Share in Artificial Intelligence in Agriculture Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to its advanced technological infrastructure and significant investments in research and development. The region benefits from a broad ecosystem of tech companies, universities, and research institutions driving innovation in agricultural AI applications. Additionally, favorable government policies and initiatives encourage the adoption of AI technologies in farming practices.
Asia-Pacific stands out as the fastest-growing region in the Artificial Intelligence in Agriculture market due to the increasing population and rising food demand, driving the need for efficient agricultural practices. Additionally, government initiatives promoting digitalization in agriculture, coupled with advancements in AI technology, are facilitating the adoption of AI solutions among farmers. Furthermore, the presence of emerging economies with vast agricultural landscapes provides significant opportunities for AI integration, leading to the fastest-growing market in this sector.
The current report Scope analyzes Artificial Intelligence in Agriculture Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Artificial Intelligence in Agriculture Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Artificial Intelligence in Agriculture Industry growth. Artificial Intelligence in Agriculture market has been segmented with the help of its Technology, Offering Application, and others. Artificial Intelligence in Agriculture market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, machine learning category is the dominating category due to its ability to analyze huge amounts of agricultural data and provide actionable insights. Through algorithms and predictive models, Machine Learning enables farmers to make informed decisions regarding the crop management, resource allocation, and pest control. Its adaptability to different farming environments and scalability makes it highly versatile for addressing various agricultural challenges. As Machine Learning continues to evolve, its dominance in the AI Agriculture market is expected to solidify further, driving efficiency and sustainability in farming practices.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Artificial Intelligence in Agriculture Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Artificial Intelligence in Agriculture from 2019 to 2031. This will also help to analyze the demand for Artificial Intelligence in Agriculture across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Offering of Artificial Intelligence in Agriculture are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Artificial Intelligence in Agriculture Market is witnessing significant growth in the near future.
In 2023, the Machine Learning segment accounted for noticeable share of global Artificial Intelligence in Agriculture Market and is projected to experience significant growth in the near future.
The Hardware segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Microsoft , Granular Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Technology | Machine Learning, Computer Vision, Predictive Analytics |
Offering | Hardware, Software, AI-as-a-Service, Service |
Application | Precision Farming, Agriculture Robots, Livestock Monitoring, Drone Analytics, Labor Management, Others |
List of Competitors | Microsoft, IBM Corporation, Granular Inc., AgEagle Aerial Systems Inc., The Climate Corporation, Deere & Company, Descartes Labs Inc., Prospera Technologies, GAMAYA, aWhere Inc., Taranis, ec2ce, VineView, PrecisionHawk, Tule Technologies Inc. |
This chapter will help you gain GLOBAL Market Analysis of Artificial Intelligence in Agriculture. Further deep in this chapter, you will be able to review Global Artificial Intelligence in Agriculture Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2019 -2031
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Chapter 11 Market Split by Offering Analysis 2019 -2031
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Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Artificial Intelligence in Agriculture market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Machine Learning have a significant impact on Artificial Intelligence in Agriculture market? |
What are the key factors affecting the Machine Learning and Computer Vision of Artificial Intelligence in Agriculture Market? |
What is the CAGR/Growth Rate of Hardware during the forecast period? |
By type, which segment accounted for largest share of the global Artificial Intelligence in Agriculture Market? |
Which region is expected to dominate the global Artificial Intelligence in Agriculture Market within the forecast period? |
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