AI in Agriculture Market Analysis and Growth Forecast to 2030

1
2022
AI in Agriculture Market Analysis, Trends,
Developments, Challenges and Opportunities
2
The rising demand for agricultural production is
leading to the increasing adoption of drone
analytics, internet of things (IoT) devices, and
livestock monitoring techniques by farmers. These
factors are projected to lead to an increase in
the revenue of the artificial intelligence (AI)
in agriculture market from 852.2 million in 2019
to 8,379.5 million in 2030, at a 24.8 CAGR
during 20202030 (forecast period). The need for
AI among farmers is also driven by the increasing
pressure to produce more from the diminishing
land area under cultivation. Predictive
analytics, machine learning (ML), and computer
vision are the three categories under the
technology segment. Among these, the largest
share in the AI in agriculture market in 2019 was
held by the ML category because of the rising
adoption of the technology by the agrarian
community and governments. This is being done to
utilize data analytics and agronomic sciences to
augment the productivity of farmlands. The
predictive analytics category will witness the
highest CAGR during the forecast period due to
the usage of this technology for real-time
weather, plant health, and soil moisture tracking.
3
The key trend in the AI in agriculture market is
the usage of smart sensors by farmers. Sensors
allow farmers to monitor the growth of crops
deeply and obtain the maximum yield, while using
as less seeds, water, and other resources as
possible. With sensors, the agrarian community
can study the farmlands and pinpoint the areas
that need crop treatment. With time, an array of
sensors, such as optical, location, mechanical,
electrochemical, soil moisture, airflow, and
weather sensors, have become available for
agricultural use. North America was the largest
AI in agriculture market during the historical
period as a result of the earlier adoption of
computer vision and ML for precision farming,
livestock management, soil management, and
greenhouse management than elsewhere on earth.
The fastest industry growth will be seen in
Asia-Pacific (APAC) till 2030 due to the high
usage of agricultural robots, drone analytics,
and precision farming in China, India, Thailand,
and Indonesia. In addition, the rapid
urbanization and rise in population are leading
to the need for advanced technologies to augment
crop production.
4
Due to the increasing demand for food crops, the
AI in agriculture market is witnessing rapid
growth. As per the United Nations (UN), the
global population is set to rise from 7.7 billion
in 2019 to 10.9 billion in 2100, thereby
propelling the demand for a wide array of crops.
Apart from this, the rapid urbanization, rising
disposable income, and changing consumption
habits in India, China, Brazil, and the U.S. are
driving the food demand. This is why the
government in these countries is collaborating
with tech giants to facilitate the adoption of AI
in agricultural practices. Hence, with the
growing population leading to the increasing
demand for food, the usage of AI in farmlands
will rise.
5

• Market Segmentation by Type
• Product
• Software
• Hardware
• Service
• Managed
• Professional
• Market Segmentation by Technology
• Machine Learning
• Predictive Analytics
• Computer Vision
• Market Segmentation by Application
• Precision Farming
• Agricultural Robots
• Livestock Monitoring
• Drone Analytics
• Others

6

• Market Segmentation by Region
• North America AI in Agriculture Market
• By type
• By technology
• By application
• By country U.S. and Canada
• U.S. AI in Agriculture market
• By application
• Europe AI in agriculture market
• By type
• By technology
• By application
• By country Germany, U.K., France, Russia,
  Italy, Netherlands, and Rest of Europe
• U.K. AI in Agriculture market
• By application
• Germany AI in Agriculture market
• By application

7

• Asia-pacific (APAC) AI in agriculture market
• By type
• By technology
• By application
• By country China, Japan, India, Australia, and
  Rest of APAC
• China AI in Agriculture market
• By application
• Japan AI in Agriculture market
• By application
• Latin America (LATAM) AI in agriculture market
• By type
• By technology
• By application
• By country Brazil, Mexico, Argentina, and Rest
  of LATAM

8

• Middle East and Africa (MEA) AI in agriculture
  market
• By type
• By technology
• By application
• By country Turkey, Nigeria, South Africa, Saudi
  Arabia, and Rest of MEA
• This study covers
• 1. Historical and the present size of the AI in
  Agriculture Market
• 2. Historical and the present size of the market
  segments and understand their comparative future
  potential
• 3. Potential of on-demand logistics services, so
  the market players make informed decisions on the
  sales of their offerings
• 4. Competitive scenario of various market
  segments across key countries in several regions
  for uncovering market opportunities for the
  stakeholders
• 5. Major players operating in the market and
  their service offerings

9
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
publications. All intellectual properties,
including trademarks and copyrights, belong to
their respective owners and may be protected by
copyright. Under no circumstance can these be
reproduced in any form without prior written
agreement of their owners. An order for market
research report is intended for internal use of
the company only and not for disclosure to third
parties or any other publication in general. No
service, report, or part thereof provided by PS
Intelligence can be reproduced, republished,
resold, revealed, distributed, circulated, or
sublicensed in any medium or form now realized or
hereafter become realized, including but not
limited to, all forms of optical-based media,
magnetic, electronic, or digital, without a
written permission from Prescient Strategic
Intelligence Pvt. Ltd.