AI in Agriculture Market Trends, Analysis & Forecast, 2032

As per a recent research report, AI in Agriculture Market surpass USD 10 Bn by 2032.

The rapid growth and adoption of AI in agriculture can be attributed to several key drivers. Firstly, the global population continues to rise, putting immense pressure on the agriculture industry to produce more food. AI technologies like precision farming and smart irrigation systems enable farmers to optimize crop yields, minimize resource wastage, and make data-driven decisions. By leveraging AI algorithms and machine learning, farmers can analyze vast amounts of data related to soil health, weather patterns, and crop characteristics, enhancing productivity and reducing costs.

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Secondly, the need for sustainable and environmentally friendly practices has become a top priority. AI in agriculture enables the implementation of precision agriculture techniques, which minimize the use of water, pesticides, and fertilizers by precisely targeting their application. This reduces the negative impact on the environment, lowers production costs, and increases profitability. These factors are reshaping the agriculture industry, promoting efficiency, sustainability, and profitability through the adoption of AI-driven solutions.

The services segment will promote market growth through 2032. AI is driving significant advancements in agriculture services, revolutionizing the way farming is conducted. Through machine learning and data analytics, AI enables the development of predictive models for crop management, pest control, and yield optimization. This technology also enables the automation of various agricultural tasks, including planting, harvesting, and monitoring, through the use of robotics and autonomous vehicles.

The AI in agriculture industry is segmented into precision farming, crop and soil monitoring, intelligent spraying, weather data and forecast, livestock health monitoring, and industrial robot. The crop and soil monitoring segment is expected to grow at a robust pace during 2023 and 2032. AI brings significant improvements to crop and soil monitoring in agriculture. Through the integration of sensors, drones, and satellite imagery, AI enables real-time and accurate data collection on crop health, soil moisture, nutrient levels, and pest infestations. AI algorithms analyze this data to identify patterns, anomalies, and potential risks. With the aid of computer vision, AI can detect and diagnose crop diseases and nutrient deficiencies, allowing for timely interventions.

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Asia Pacific AI in agriculture market size will expand considerably over 2023-2032, Governments, research institutions, and industry players are collaborating to drive innovation and technology adoption. Initiatives such as funding programs, research grants, and policy support are encouraging the development and deployment of AI solutions in agriculture. Countries like China, India, Japan, and Australia are investing in AI-driven projects, including precision farming, crop monitoring, and smart irrigation systems. Additionally, knowledge-sharing platforms, conferences, and workshops are fostering awareness and knowledge exchange among stakeholders. These collective efforts are propelling the growth of the AI in agriculture market in the region.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    AI in agriculture market 360ยบ synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023- 2032

2.3    Regional trends

2.4    Component trends

2.5    Technology trends

2.6    Application trends

Chapter 3   AI In Agriculture Market Industry Insights

3.1    Impact on COVID-19 impact

3.2    Russia-Ukraine war impact

3.3    Industry ecosystem analysis

3.4    Technology & innovation landscape

3.5    Patent analysis

3.6    Key news and initiatives

3.7    Regulatory landscape

3.8    Impact forces

3.8.1    Growth drivers

3.8.1.1   Supportive initiatives by government

3.8.1.2   Need to deliver sufficient amount of crops

3.8.1.3   Increasing implementation of agriculture robots

3.8.1.4   Growing interest towards precision farming

3.8.2    Industry pitfalls & challenges

3.8.2.1   Lack of understanding of the practical application of AI tools

3.9    Profit margin analysis

3.10    Vendor matrix analysis

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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