The “Artificial Intelligence in Agriculture Market – A Global and Regional Analysis: Focus on Product, Application, and Country Analysis and Forecast, 2020-2026″ report has been added to ResearchAndMarkets.com’s offering.
The global artificial intelligence in agriculture market is expected to reach $6,655.1 million by 2026, with a CAGR of 30.56% during the forecast period 2021-2026. The growth rate in the market is because of the increased awareness of artificial intelligence-based solutions in some regions of the world.
Growth Drivers
- Need for Increased Agricultural Production
- Complexities in Data-Driven Farming
- Increased Demand for Automation in Agriculture
Challenges
- Data Privacy Concerns Among Farmers
- Lack of Required Infrastructure in Developing Countries
Opportunities
- Increased Government Initiatives Supporting AI in Agriculture
- Increased Implementation of Robots and Drones in Agriculture
- Rise in Adoption of SaaS Business Model in Agriculture
Market Segmentation
- Farming Type: Field Farming, Indoor Farming, Livestock Farming, Others
- End Use: Crops, Fruits, Vegetables, and Other Plants; Livestock and Aquaculture
- Product: Software, Hardware, Artificial Intelligence-as-a-Service (AIaaS), Support Services
Regional Segmentation
- North America: U.S., Canada, and Mexico
- Europe: Germany, France, Netherlands, Italy, Spain, and Rest-of-Europe
- U.K.
- China
- Asia-Pacific: India, Japan, Australia, and Rest-of-Asia-Pacific
- Rest-of-the-World: Brazil, Argentina, South Africa, Israel
Key Companies Profiled
- Deere & Company
- Microsoft Corporation
- CNH Industrial NV
- Robert Bosch GmbH
- Granular Inc.
- Harvest Crop Robotics, LLC
- Agrivi
- CropIn Technology Solutions Pvt. Ltd.
- Alibaba Group Holding Limited
- The Climate Corporation
- Descartes Labs, Inc.
- PrecisionHawk, Inc.
- Ceres Imaging
- IBM Corporation
- Prospera Technologies
Recent Developments
- In May 2021, Robert Bosch unveiled its new artificial intelligence based IoT platform to keep real time track of energy consumption, electrical parameters in healthcare, agriculture, and other sectors.
- In November 2020, Deere & Company introduced AutoPath for more accurate row guidance throughout the season.
- In November 202, CLAAS KGaA mbH launched the cloud-based DataConnect system that enables the exchange of machinery data between CLAAS, 365FarmNet, and Deere & Company.
- In September 2020, Agrivi launched Agrivi Farm Fleet that enables farmers to have real-time access to their fuel usage and machinery.
Key Questions Answered in the Report
- What is the estimated global artificial intelligence in agriculture market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
- What are the key trends, market drivers, and opportunities in the market pertaining to artificial intelligence in agriculture?
- What are the major restraints inhibiting the growth of global artificial intelligence in agriculture market?
- What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
- What is the competitive strength of the key players in the artificial intelligence in agriculture market based on an analysis of their recent developments, product offerings, and regional presence?
- How is the competitive benchmarking of the key artificial intelligence in agriculture companies in the agriculture market based on the analysis of their market coverage and market potential?
- How much revenue is each segment expected to record during the forecast period, along with the growth percentage?
- What is the type of players and stakeholders operating in the market ecosystem of artificial intelligence in agriculture, and what is their significance in the global market?
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