Press release
Harnessing Artificial Intelligence For Agricultural Advancements In Pursuit Of Global Food Security: Key Factor Driving The Growth In The Artificial Intelligence (AI) In Agriculture Market
Artificial Intelligence (AI) In Agriculture
What Is the Expected Artificial Intelligence (AI) In Agriculture Market Size During the Forecast Period?
The Artificial Intelligence (AI) In Agriculture Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Artificial Intelligence (AI) In Agriculture Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Artificial Intelligence (AI) In Agriculture Market?
The artificial intelligence (AI) in agriculture market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning, Predictive Analysis, Computer Vision
3) By Deployment: Cloud, On-Premise, Hybrid
4) By Application: Precision Framing, Agriculture Robots, Livestock Monitoring, Drone Analytics, Labor Management, Other Applications
Subsegments:
1) By Hardware: Sensors, Drones, Imaging Systems, Robotics, Automated Equipment
2) By Software: Data Analytics Platforms, Farm Management Software, AI-Based Prediction Tools, Image Processing Software
3) By Services: Consulting Services, System Integration Services, Maintenance And Support Services
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What Key Drivers Are Expected to Influence Future Artificial Intelligence (AI) In Agriculture Market Growth?
The surge in demand for more food production to ensure food security is forecasted to fuel the expansion of artificial intelligence (AI) in the agriculture sector. Food security encompasses the provision, access, and consumption of food that meets individuals' dietary requirements and preferences for a vibrant and healthy existence, and guarantees enough safe, nutritious food for everyone. AI can streamline farming operations, boost crop production, and analyze vast amounts of data such as climate trends, soil qualities, and crop well-being, providing farmers with immediate insights and precise recommendations. This technology advances irrigation, fertilization, pest control, and harvesting decisions, resulting in heightened productivity, minimal wastage, optimal food production, and worldwide food security. For example, a report released by the Food and Agriculture Organization in July 2023 stated that international cereal production for the year 2023 had risen by 5.9 million tons (0.2 %) in July from the previous month, totaling 2,819 million tons - a 1.1% year-on-year increase. Additionally, global wheat usage grew from approximately 762 million tons in 2020-2021 to roughly 773 million tons in 2021-2022 and is projected to rise to 780 million tons in 2022-2023. Consequently, the escalating requirement for higher food production to ensure food security will boost the artificial intelligence (AI) in the agriculture market.
Which Companies Hold the Largest Share Across Different Artificial Intelligence (AI) In Agriculture Market Segments?
Major companies operating in the artificial intelligence (AI) in agriculture market include Google LLC, Microsoft Corporation, IBM Corporation, Bayer AG, John Deere, Oracle Corporation, CNH Industrial N.V., Wipro Limited., Valmont Industries Inc., Raven Industries Inc., Climate LLC, Granular Inc., Ag Leader Technology Inc., FarmWise Labs Inc., Taranis, Ceres Imaging, AgEagle Aerial Systems Inc., PrecisionHawk, Descartes Labs Inc., Farmobile LLC, AppHarvest, Farmers Edge Inc., Iron Ox, Prospera Technologies, aWhere Inc., Agribotix, Abundant Robotics, Agworld, Harvest Croo Robotics, Gamaya SA, Tule Technologies
What Trends Are Driving Growth in The Artificial Intelligence (AI) In Agriculture Market?
One notable trend making waves in the field of Artificial Intelligence (AI) in agriculture is major focus on product innovations. Large enterprises present in the market are prioritizing the creation of revolutionary platforms aimed at boosting yield predictions, enhancing decision-making processes, and encouraging the adoption of sustainable farming methods. These innovative systems, termed "groundbreaking platforms", are transforming the way things are done in the field, by setting new industry benchmarks and inspiring future progress. They typically target unmet needs and offer unique solutions. As an example, Helios AI, a software firm from the US, rolled out a sophisticated platform called CommodiTrack in September 2024. This exceptional innovation brought together wide-ranging climate risk data and predictive analysis to fortify the durability of the agrifood supply chain. Furthermore, it provides users with implementable insights, empowering them to promptly react to market fluctuations and disruptions.
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What Are the Emerging Geographies for The Artificial Intelligence (AI) In Agriculture Market Growth?
North America was the largest region in the artificial intelligence (AI) in agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence (AI) In Agriculture Market?
2. What is the CAGR expected in the Artificial Intelligence (AI) In Agriculture Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence (AI) In Agriculture Industry?
4. Which Region Is Leading the Artificial Intelligence (AI) In Agriculture Market?
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