PUBLISHER: Global Insight Services | PRODUCT CODE: 1598655
PUBLISHER: Global Insight Services | PRODUCT CODE: 1598655
The Artificial Intelligence in Agriculture market is anticipated to expand from $1.1 billion in 2023 to $4.6 billion by 2033, with a CAGR of 14.7%.
The Artificial Intelligence in Agriculture Market encompasses the integration of AI technologies to enhance agricultural productivity and sustainability. This includes precision farming solutions, predictive analytics, robotics, and IoT applications that optimize crop management, pest control, and resource efficiency. The market supports data-driven decision-making, aiming to revolutionize traditional farming practices by improving yields, reducing waste, and promoting environmentally sustainable agriculture.
The Artificial Intelligence in Agriculture Market is witnessing robust growth, driven by the need for precision farming and resource optimization. Precision farming, leveraging AI for data-driven decision-making, leads the market, with crop monitoring and predictive analytics as the top-performing sub-segments. The second-highest performing segment is automated irrigation systems, reflecting the increasing focus on water conservation and efficient resource management. North America dominates the market, propelled by technological advancements and early adoption of AI technologies in agriculture. The United States, in particular, stands out with its extensive research and development activities and strong investment in agricultural technologies. Europe follows, with countries like the Netherlands and Germany showing significant progress due to supportive government policies and a strong emphasis on sustainable farming practices. These regions are poised for continued growth as they integrate AI to enhance productivity and sustainability in agriculture.
Key Companies
Prospera, Taranis, Farm Bot, Ag Eagle Aerial Systems, Gamaya, Crop X, Blue River Technology, Farm Wise, Sentera, Resson, Cainthus, Agro Scout, Trace Genomics, Aerobotics, Agri Botix, Sky Squirrel Technologies, Granular, Vitirover, x Farm, Agremo
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