Artificial Intelligence (AI) in Agriculture Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Artificial Intelligence (AI) in Agriculture market was valued at US$ 681.7 million in 2022 and is anticipated to reach US$ 1695.5 million by 2029, witnessing a CAGR of 16.4% during the forecast period 2023-2029.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Artificial Intelligence (AI) in Agriculture market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Artificial Intelligence (AI) in Agriculture market in terms of revenue.

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.

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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.

Artificial Intelligence (AI) in Agriculture is mainly used for three applications: Precision Farming, Livestock Monitoring, Drone Analytics, Agriculture Robots, Others. And Precision Farming was the most widely used area which took up about 35% of the global total.

United States is the largest consumption countries of Artificial Intelligence (AI) in Agriculture. North America market took up about 45% the global market, while Europe was about 24%.

IBM, Granular, John Deere, The Climate Corporation and Vision Robotics are the key suppliers in the global Artificial Intelligence (AI) in Agriculture market. Top 5 took up about 46% of the global market.

Segment by Type
• Machine Learning
• Computer Vision
• Predictive Analytics

Segment By Application
• Precision Farming
• Livestock Monitoring
• Drone Analytics
• Agriculture Robots

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