Artificial Intelligence in Agriculture Market: $729.8 Million, 3.3% CAGR, Precision Farming Revolution, Forecast 2024-2030 | A Comprehensive Insight by The Market Reports

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Artificial Intelligence in Agriculture Market: $729.8 Million, 3.3% CAGR, Precision Farming Revolution, Forecast 2024-2030 | A Comprehensive Insight by The Market Reports

Artificial Intelligence in Agriculture Market: $729.8 Million, 3.3% CAGR, Precision Farming Revolution, Forecast 2024-2030 | A Comprehensive Insight by The Market Reports
Precision Farming Drives AI in Agriculture Market
Discover the Artificial Intelligence in Agriculture Market, poised to reach $729.8 million by 2030, with a 3.3% CAGR driven by the precision farming revolution. Uncover how AI technologies are transforming agricultural practices for increased efficiency and productivity.

Synopsis

This report studies the Artificial Intelligence (AI) in Agriculture Market, from angles of players, regions, product types and end industries, to analyze the status and the future.

Artificial Intelligence (AI) in Agriculture Market size is being driven by the growing adoption of the robots in agriculture. Increasing consumption and rising requirement of better yield of crops are estimated to be one of the major factors that is fueling the demand of robots in agriculture. Increasing consumption motivates farmers to scale up farming operations and give rise to the requirement of automating farming operations. As the farmers are shifting more towards automation, drones and robots have become integral part of agriculture farms and are enhancing yield and improving the product quality. Since AI is the backbone of robotics, increasing adoption of robots in agriculture is estimated to drive the AI in agriculture market growth.

The global Artificial Intelligence in Agriculture market was valued at US$ 578.7 million in 2023 and is anticipated to reach US$ 729.8 million by 2030, witnessing a CAGR of 3.3% during the forecast period 2024-2030.

China and the United States are two leaders in AI industry. On the AI 100 list (2022) released by CB Insights, the number of companies in the United States ranks first, with more than 70 companies, followed by the United Kingdom, with 8 companies on the list. China and Canada both holds 5 companies on the list. According to data from the China Academy of Information and Communications Technology, the scale of China’s core artificial intelligence industry reached ¥508 billion in 2022, a year-on-year increase of 18%. From 2013 to November 2022, the cumulative number of patent applications for artificial intelligence inventions in the world reached 729,000, and the cumulative number of applications in China reached 389,000, accounting for 53.4%. However, the Global Artificial Intelligence Innovation Index Report 2021 released by the China Institute of Scientific and Technological Information shows that the overall strength of the United States is still far ahead. The number of artificial intelligence companies in the United States is about 4,670, while China has only 880. China’s data center is less than 1/78 of that of the United States.

This report aims to provide a comprehensive presentation of the global market for Artificial Intelligence in Agriculture, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Artificial Intelligence in Agriculture.

Report Scope

The Artificial Intelligence in Agriculture market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Artificial Intelligence in Agriculture market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Artificial Intelligence in Agriculture companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

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Market Segmentation

By Company

  • IBM
  • John Deere
  • Microsoft
  • Agribotix
  • The Climate Corporation
  • ec2ce
  • Descartes Labs
  • Sky Squirrel Technologies
  • Mavrx
  • aWhere
  • Gamaya
  • Precision Hawk
  • Granular
  • Prospera
  • Cainthus
  • Spensa Technologies
  • Resson
  • FarmBot
  • Connecterra
  • Vision Robotics
  • Harvest Croo
  • Autonomous Tractor Corporation
  • Trace Genomics
  • Vine Rangers

 

Segment by Type

  • Machine Learning
  • Computer Vision

 

Segment by Application

  • Precision Farming
  • Drone Analytics
  • Agriculture Robots

 

By Region

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

 

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Artificial Intelligence in Agriculture companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 12: The main points and conclusions of the report.

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