AI In Agriculture Market Size
Market Outlook:
AI In Agriculture Market size crossed USD 793.15 Million in 2023 and is predicted to reach USD 1.78 Billion by end of the year 2032, witnessing more than 9.3% CAGR between 2024 and 2032.
Base Year Value (2023)
USD 793.15 Million
19-23
x.x %
24-32
x.x %
CAGR (2024-2032)
9.3%
19-23
x.x %
24-32
x.x %
Forecast Year Value (2032)
USD 1.78 Billion
19-23
x.x %
24-32
x.x %
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:1. Increasing demand for food production to meet the needs of a growing global population
2. Advancements in technology and increasing adoption of precision agriculture techniques
3. Government initiatives and investments in AI technology for agriculture
4. Rising awareness about the benefits of AI in improving farm productivity and efficiency
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Technology, Offering, Application |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | Agribotix, Bayer CropScience AG, Case IH Agriculture, ClearAg Operations, Deere & Company, Farmers Edge, Granular AG, Grownetics, IBM, Mapshots, SST Software |
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1. High initial investment and implementation costs for AI technology in agriculture
2. Limited awareness and technical expertise in handling AI solutions among farmers
3. Concerns about data privacy and security in agriculture AI solutions
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