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Artificial Intelligence in Agriculture Market Trends

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Report ID: 3642
Published Date: Aug 26, 2024
Report Format: PDF, PPT

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Artificial Intelligence in Agriculture Market Trends

Growth Drivers

Increasing Usage of Smart Sensors in Agricultural Fields
Upsurge in Demand for Agricultural Produce Globally

Challenges

High Cost of Gathering Precise Field Data

Artificial Intelligence in Agriculture Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	23.6%
Base Year Market Size (2023)	USD 1.94 billion
Forecast Year Market Size (2036)	USD 30.48 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Artificial Intelligence in Agriculture Market Size, Growth Trends 2036

Author Credits: Nilanjana Ray

Report ID: 3642
Published Date: Aug 26, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of artificial intelligence in agriculture is assessed at USD 2.31 billion.

Artificial Intelligence in Agriculture Market size was over USD 1.94 billion in 2023 and is projected to exceed USD 30.48 billion by 2036, growing at over 23.6% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing usage of smart sensors in agricultural fields and upsurge in demand for agricultural produce globally.

Asia Pacific industry is anticipated to account for largest revenue share by 2036, propelled by growing adoption rate of AI in agriculture in countries such as India, China, Japan and Australia, and entry of major companies in agricultural solutions business in the region.

The major players in the market are Microsoft Corporation, AgEagle Aerial Systems Inc., Descartes Labs, Inc., IBM Corporation, John Deere and Company, and others.

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