AI in Agriculture Market Is Booming Across the Globe Explored in Latest Report 2021-2025 | Top Key Players Analysis by Microsoft, Ec2ce, Mavrx, The Climate Corporation (Subsidiary of Monsanto), Gamaya, Resson

The Latest report about theAI in Agriculturemarket provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the AI in Agriculture market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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AI in Agriculture Market is projected to register a CAGR of 4.2% during the forecast period (2021-2026).

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report:Microsoft, Ec2ce, Mavrx, The Climate Corporation (Subsidiary of Monsanto), Gamaya, Resson, Vision Robotics, IBM, Descartes Labs, Connecterra, Precision Hawk, Cainthus, Farmbot, Agribotix, Tule Technologies, Skysquirrel Technologies, Prospera, Awhere, Granular, Deere & Company

News and Updates

In July 2020, Prospera Technologies and Bayer partnered to help improve the output at greenhouses by using big data and machine learning.

In November 2017, Microsoft took AI in agriculture a step further by collaborating with United Phosphorous (UPL), for the Pest Risk Prediction API using AI and machine learning to indicate in advance the risk of pest attack.

Market Overview

Artificial intelligence technology supports the agriculture sector to boost productivity and efficiency by reducing hostile impacts on the environment. The global artificial intelligence in agriculture market is segmented by application (weather tracking, precision farming, and drone analytics), deployment (cloud, on-premise, and hybrid), and geography (North America, Europe, Asia-Pacific, South America, and Africa).

A massive workforce decline is being observed worldwide for many reasons. A lack of skilled labor, aging farmers, and younger generations finding farming an unattractive profession contribute to this decline, thus encouraging trends for automated farming operations. According to the NSS and PLFS (2018-19) report, the agriculture sector’s contribution to employment declined from 81.0% in 1983 to 58.0% in 2018; according to the International Labor Organization(ILO), the percentage of agricultural laborers in the workforce declined from 81.0% to 48.2% in developing countries in 2018. On a similar note, developed countries are not an exception in this declining trend. Asia-Pacific, where agriculture occupies a significant part of the economy, is witnessing a massive decline in the workforce, nearly about a decline of 9.0% between 2015 and 2017. In Japan, the number of people working in farms witnessed a steep fall to 1.7 million in 2015, a 15% decline from the previous year. The European agricultural sector has also faced an enormous decline in the workforce, nearly accounting for 12.8% for the corresponding period. The trend of decline in the agricultural workforce is encouraging governments and private organizations to focus on automating operations by adopting artificial intelligence technologies in the agricultural sector. Owing to the above factors, the market for artificial intelligence in the agricultural sector is likely to boom in the years to come.

AI in Agriculture Market Segmentation:

Breakdown Data by Type

Machine Learning

Computer Vision

Predictive Analytics

AI in Agriculture Breakdown Data by Application

Precision Farming

Drone Analytics

Agriculture Robots

Livestock Monitoring

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global AI in Agriculture market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the AI in Agriculture industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

AI in Agriculture market research includes the methodical description of the various factors such as the market growth and detailed information about the different company’s revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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AI in Agriculture Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the AI in Agriculture market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the AI in Agriculture market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the AI in Agriculture Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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