Global Artificial Intelligence (AI) in Agriculture Market Growth (Status and Outlook) 2019-2024
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.
United States is the largest consumption countries of Artificial Intelligence (AI) in Agriculture in the world in the past few years and it will keep leader position in the next few years. United States market took up about 42.96% the global market in 2017, while Europe was about 22.67%.
USA is now the key developers of Artificial Intelligence (AI) in Agriculture; most companies are in USA. Others are in Europe, China and India.
According to this study, over the next five years the Artificial Intelligence (AI) in Agriculture market will register a 21.8% CAGR in terms of revenue, the global market size will reach US$ 790 million by 2024, from US$ 240 million in 2019. In particular, this report presents the global revenue market share of key companies in Artificial Intelligence (AI) in Agriculture business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Artificial Intelligence (AI) in Agriculture market by product type, application, key companies and key regions.
This study considers the Artificial Intelligence (AI) in Agriculture value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
The Climate Corporation
Harvest Croo Robotics
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Artificial Intelligence (AI) in Agriculture market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Artificial Intelligence (AI) in Agriculture market by identifying its various subsegments.
Focuses on the key global Artificial Intelligence (AI) in Agriculture players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Artificial Intelligence (AI) in Agriculture with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Artificial Intelligence (AI) in Agriculture submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.