Artificial Intelligence in Agriculture Market Size, Share & Trends Analysis Report By Component (Software, Hardware), By Technology, By Application (Precision Farming, Drone Analytics), By Region, And Segment Forecasts, 2019 - 2025

Published: Dec, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global artificial intelligence in agriculture market size is expected to reach USD 2.9 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 25.4% from 2019 to 2025. Artificial intelligence solutions in the agricultural industry are emerging in various forms, such as soil and crop monitoring, agricultural robots, and predictive analytics. Farmers and agribusiness corporations are increasingly using soil sampling and artificial intelligence -enabled sensors for data gathering for better analysis and processing. The avArtificial Intelligencelability of these processed data has paved the way for the deployment of artificial intelligence in agriculture and farming.

Rapidly increasing global population is one of the key factors driving the need for artificial intelligence in agriculture. The global population is expected to reach 9.8 billion by 2050, according to the UN. Subsequently, food production must increase significantly as well. Artificial intelligence enables efficient and potential farming techniques for increased crop productivity and yield. For instance, the artificial intelligence Sowing App developed by Microsoft sends sowing advisories on the optimal date for crop sowing to farmers. It enhances the farmers' efficiency in terms of planting and forecasting weather conditions.  

The Asia Pacific market is expected to witness substantial growth over the forecast period, owing to increasing adoption of artificial intelligence -enabled solutions and services by agriculture-technology-based companies in emerging economies. Emerging economies such as India and China have started implementing artificial intelligence technologies such as machine learning and computer vision to increase crop yield. Favorable regulations and standards in these countries encourage the implementation of modern techniques in farming and agriculture. For instance, in July 2019, the government of India began the use of artificial intelligence for yield estimation and crop cutting to cut down the cost of farming and increase productivity.

Further key findings from the report suggest:

• Surge in the deployment of predictive analytics solutions in the farming and agriculture industry has created massive potential for artificial intelligence solutions in the agricultural industry

• Several benefits of artificial intelligence, such as prevention of cost overruns, weather forecasting, remote monitoring, weed detection, and irrigation management encourages the implementation of artificial intelligence in agriculture for increased productivity

• Market players are focusing on providing advanced artificial intelligence and big data in the agricultural industry, which offers advanced features such as crop scouting, field mapping, and yield monitoring

• Key market players are considering partnerships and acquisitions of startups providing innovative products to expand their range of artificial intelligence solutions for the agricultural industry

• Key competitors in the market are IBM Corporation; Microsoft; Deere & Company; AgEagle Aerial Systems Inc.; The Climate Corporation; Granular, Inc.; Descartes Labs, Inc.; Prospera Technologies; Taranis; aWhere Inc.; GAMAYA; ec2ce; PrecisionHawk; VineView; and Tule Technologies Inc.; among others.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope and Assumptions
                 1.3 List to Data Sources
Chapter 2 Executive Summary
                 2.1 AI in Agriculture Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
                 2.2 Global
                     2.2.1 Global AI in Agriculture Market, 2014 - 2025
                     2.2.2 Global AI in Agriculture Market, by Component, 2014 - 2025
                     2.2.3 Global AI in Agriculture Market, by technology, 2014 - 2025
                     2.2.4 Global AI in Agriculture Market, by application, 2014 - 2025
                     2.2.5 Global AI in Agriculture Market, by Region, 2014 - 2025
Chapter 3 Market Variables, Trends & Scope
                 3.1 Market Segmentation & Scope
                 3.2 Technological Overview
                 3.3 AI in Agriculture Size and Growth Prospects
                 3.4 Value Chain Analysis
                 3.5 Market Dynamics
                     3.5.1 Market Drivers
                         3.5.1.1 Need for increasing the crop productivity owing to the exponential growth in world's population
                         3.5.1.2 Favorable government initiatives for modern agriculture techniques
                     3.5.2 Market Restraint
                         3.5.2.1 Lack of skilled workforce
                     3.5.3 Market Opportunity
                         3.5.3.1 Increasing adoption of unmanned aerial vehicles in agriculture and farming
                     3.5.4 Market Challenge
                         3.5.4.1 Data analysis from the unstructured farms and lands
                 3.6 Penetration & Key Opportunities Mapping
                 3.7 Industry Type Analysis - Porter's
                     3.7.1 Supplier Power
                     3.7.2 Buyer Power
                     3.7.3 Substitution Threat
                     3.7.4 Threat from new entrant
                     3.7.5 Competitive rivalry
                 3.8 AI in Agriculture - PEST Analysis
                     3.8.1 Political
                     3.8.2 Economic
                     3.8.3 Social
                     3.8.4 Technological
Chapter 4 AI in Agriculture: Component Outlook
                 4.1 Hardware
                     4.1.1 Hardware AI in Agriculture Market, BY Region, 2014 - 2025
                 4.2 Software
                     4.2.1 Software AI in Agriculture Market, by region, 2014 - 2025
                 4.3 Service
                     4.3.1 Service AI in Agriculture Market, by region, 2014 - 2025
Chapter 5 AI in Agriculture: Technology Outlook
                 5.1 Machine Learning & Deep Learning
                     5.1.1 Machine Learning & Deep Learning AI in Agriculture Market, by region, 2014 - 2025
                 5.2 Predictive Analytics
                     5.2.1 Predictive Analytics AI in Agriculture Market, by region, 2014 - 2025
                 5.3 Computer Vision
                     5.3.1 Computer Vision AI in Agriculture Market, by region, 2014 - 2025
Chapter 6 AI in Agriculture: Application Outlook
                 6.1 Precision Farming
                     6.1.1 Precision Farming AI in Agriculture Market, BY Region, 2014 - 2025
                 6.2 Drone Analytics
                     6.2.1 Drone Analytics AI in Agriculture Market, by region, 2014 - 2025
                 6.3 Agriculture Robots
                     6.3.1 Agriculture Robots AI in Agriculture Market, by region, 2014 - 2025
                 6.4 Livestock Monitoring
                     6.4.1 Livestock Monitoring AI in Agriculture Market, by region, 2014 - 2025
                 6.5 Others
                     6.5.1 Others AI in Agriculture Market, by region, 2014 - 2025
Chapter 7 AI in Agriculture: Regional Outlook
                 7.1 North America
                     7.1.1 Regional Trends
                     7.1.2 North America AI in Agriculture Market, by component, 2014 - 2025
                     7.1.3 North America AI in Agriculture Market, by technology, 2014 - 2025
                     7.1.4 North America AI in Agriculture Market, by application, 2014 - 2025
                     7.1.5 U.S.
                         7.1.5.1 U.S. AI in Agriculture Market, by component, 2014 - 2025
                         7.1.5.2 U.S. AI in Agriculture Market, by technology, 2014 - 2025
                         7.1.5.3 U.S. AI in Agriculture Market, by application, 2014 - 2025
                     7.1.6 Canada
                         7.1.6.1 Canada AI in Agriculture Market, by component, 2014 - 2025
                         7.1.6.2 Canada AI in Agriculture Market, by technology, 2014 - 2025
                         7.1.6.3 Canada AI in Agriculture Market, by application, 2014 - 2025
                     7.1.7 Mexico
                         7.1.7.1 Mexico AI in Agriculture Market, by component, 2014 - 2025
                         7.1.7.2 Mexico AI in Agriculture Market, by technology, 2014 - 2025
                         7.1.7.3 Mexico AI in Agriculture Market, by application, 2014 - 2025
                 7.2 Europe
                     7.2.1 Regional Trends
                     7.2.2 Europe AI in Agriculture Market, by component, 2014 - 2025
                     7.2.3 Europe AI in Agriculture Market, by technology, 2014 - 2025
                     7.2.4 Europe AI in Agriculture Market, by application, 2014 - 2025
                     7.2.5 Germany
                         7.2.5.1 Germany AI in Agriculture Market, by component, 2014 - 2025
                         7.2.5.2 Germany AI in Agriculture Market, by technology, 2014 - 2025
                         7.2.5.3 Germany AI in Agriculture Market, by application, 2014 - 2025
                     7.2.6 U.K.
                         7.2.6.1 U.K. AI in Agriculture Market, by component, 2014 - 2025
                         7.2.6.2 U.K. AI in Agriculture Market, by technology, 2014 - 2025
                         7.2.6.3 U.K. AI in Agriculture Market, by application, 2014 - 2025
                     7.2.7 France
                         7.2.7.1 France AI in Agriculture Market, by component, 2014 - 2025
                         7.2.7.2 France AI in Agriculture Market, by technology, 2014 - 2025
                         7.2.7.3 France AI in Agriculture Market, by application, 2014 - 2025
                 7.3 Asia Pacific
                     7.3.1 Regional Trends
                     7.3.2 Asia Pacific AI in Agriculture Market, by component, 2014 - 2025
                     7.3.3 Asia Pacific AI in Agriculture Market, by technology, 2014 - 2025
                     7.3.4 Asia Pacific AI in Agriculture Market, by application, 2014 - 2025
                     7.3.5 China
                         7.3.5.1 China AI in Agriculture Market, by component, 2014 - 2025
                         7.3.5.2 China AI in Agriculture Market, by technology, 2014 - 2025
                         7.3.5.3 China AI in Agriculture Market, by application, 2014 - 2025
                     7.3.6 Japan
                         7.3.6.1 Japan AI in Agriculture Market, by component, 2014 - 2025
                         7.3.6.2 Japan AI in Agriculture Market, by technology, 2014 - 2025
                         7.3.6.3 Japan AI in Agriculture Market, by application, 2014 - 2025
                     7.3.7 India
                         7.3.7.1 India AI in Agriculture Market, by component, 2014 - 2025
                         7.3.7.2 India AI in Agriculture Market, by technology, 2014 - 2025
                         7.3.7.3 India AI in Agriculture Market, by application, 2014 - 2025
                 7.4 South America
                     7.4.1 Regional Trends
                     7.4.2 South America AI in Agriculture Market, by component, 2014 - 2025
                     7.4.3 South America AI in Agriculture Market, by technology, 2014 - 2025
                     7.4.4 South America AI in Agriculture Market, by application, 2014 - 2025
                     7.4.5 Brazil
                         7.4.5.1 Brazil AI in Agriculture Market, by component, 2014 - 2025
                         7.4.5.2 Brazil AI in Agriculture Market, by technology, 2014 - 2025
                         7.4.5.3 Brazil AI in Agriculture Market, by application, 2014 - 2025
                 7.5 MEA
                     7.5.1 Regional Trends
                     7.5.2 MEA AI in Agriculture Market, by component, 2014 - 2025
                     7.5.3 MEA AI in Agriculture Market, by technology, 2014 - 2025
                     7.5.4 MEA AI in Agriculture Market, by application, 2014 - 2025
Chapter 8 Competitive Landscape
                 8.1 IBM Corporation
                     8.1.1 Company overview
                     8.1.2 Financial performance
                     8.1.3 Product benchmarking
                     8.1.4 Recent developments
                 8.2 Microsoft
                     8.2.1 Company overview
                     8.2.2 Financial performance
                     8.2.3 Product benchmarking
                     8.2.4 Recent developments
                 8.3 Deere & Company
                     8.3.1 Company overview
                     8.3.2 Financial performance
                     8.3.3 Product benchmarking
                     8.3.4 Recent developments
                 8.4 AgEagle Aerial Systems Inc.
                     8.4.1 Company overview
                     8.4.2 Financial performance
                     8.4.3 Product benchmarking
                     8.4.4 Recent developments
                 8.5 The Climate Corporation
                     8.5.1 Company overview
                     8.5.2 Product benchmarking
                     8.5.3 Recent developments
                 8.6 Granular, Inc.
                     8.6.1 Company overview
                     8.6.2 Product benchmarking
                     8.6.3 Recent developments
                 8.7 Descartes Labs, Inc.
                     8.7.1 Company overview
                     8.7.2 Product benchmarking
                     8.7.3 Recent developments
                 8.8 Prospera Technologies
                     8.8.1 Company overview
                     8.8.2 Product benchmarking
                     8.8.3 Recent developments
                 8.9 Taranis
                     8.9.1 Company overview
                     8.9.2 Product benchmarking
                     8.9.3 Recent developments
                 8.10 aWhere Inc.
                     8.10.1 Company overview
                     8.10.2 Product benchmarking
                     8.10.3 Recent developments
                 8.11 GAMAYA
                     8.11.1 Company overview
                     8.11.2 Product benchmarking
                     8.11.3 Recent developments
                 8.12 ec2ce
                     8.12.1 Company overview
                     8.12.2 Product benchmarking
                     8.12.3 Recent developments
                 8.13 PrecisionHawk
                     8.13.1 Company overview
                     8.13.2 Product benchmarking
                     8.13.3 Recent developments
                 8.14 VineView
                     8.14.1 Company overview
                     8.14.2 Product benchmarking
                     8.14.3 Recent developments
                 8.15 Tule Technologies Inc
                     8.15.1 Company overview
                     8.15.2 Product benchmarking
                     8.15.3 Recent developments

List of Tables

Table 1 Global AI in Agriculture market, 2014 - 2025 (USD Million)
Table 2 Global AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 3 Global AI in Agriculture market, by component, 2014 - 2025 (USD Million)
Table 4 Global AI in Agriculture market, by technology, 2014 - 2025 (USD Million)
Table 5 Global AI in Agriculture market, by application, 2014 - 2025 (USD Million)
Table 6 AI in Agriculture market segmentation
Table 7 AI in Agriculture market, 2014 - 2025 (USD Million)
Table 8 Key market driver impact
Table 9 Key market restraint impact
Table 10 Key market challenge impact
Table 11 Hardware AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 12 Software AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 13 Service AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 14 Machine Learning & Deep Learning AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 15 Predictive Analytics AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 16 Computer Vision AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 17 Precision Farming AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 18 Drone Analytics AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 19 Agriculture Robots AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 20 Livestock Monitoring AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 21 Others AI in Agriculture market, by region, 2014 - 2025 (USD Million)
Table 22 North America AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 23 North America AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 24 North America AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 25 U.S. AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 26 U.S. AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 27 U.S. AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 28 Canada AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 29 Canada AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 30 Canada AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 31 Mexico AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 32 Mexico AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 33 Mexico AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 34 Europe AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 35 Europe AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 36 Europe AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 37 Germany AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 38 Germany AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 39 Germany AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 40 U.K. AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 41 U.K. AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 42 U.K. AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 43 France AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 44 France AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 45 France AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 46 Asia Pacific AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 47 Asia Pacific AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 48 Asia Pacific AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 49 China AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 50 China AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 51 China AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 52 Japan AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 53 Japan AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 54 Japan AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 55 India AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 56 India AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 57 India AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 58 South America AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 59 South America AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 60 South America AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 61 Brazil AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 62 Brazil AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 63 Brazil AI in Agriculture market, by Application, 2014 - 2025 (USD Million)
Table 64 MEA AI in Agriculture market, by Component, 2014 - 2025 (USD Million)
Table 65 MEA AI in Agriculture market, by Technology, 2014 - 2025 (USD Million)
Table 66 MEA AI in Agriculture market, by Application, 2014 - 2025 (USD Million)

List of Figures

Fig. 1 Research Process
Fig. 2 Market Formulation
Fig. 3 Key opportunity Analysis
Fig. 4 Value Chain Analysis
Fig. 5 AI in Agriculture market dynamics