Global AI in Agriculture Market
Global AI in Agriculture Market Size Exploding 4.1X to Touch Whopping Value of USD 8.34 Billion by 2030
Published | 15 July 2024
Global AI in Agriculture Market is booming primarily due to a heightened focus on strengthening food security by enhancing food production, governments’ increasingly supportive initiatives and funding, and rapid adoption of technological advancements in agriculture.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global AI in Agriculture Market size by value at USD 2.03 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global AI in Agriculture Market size to expand at a CAGR of 11.67% reaching a value of USD 8.34 billion by 2030. The AI in Global Agriculture Market is propelled by its increasing role in addressing pressing challenges like climate change and the rising demand driven by population growth. With the global population projected to reach 9.8 billion by 2050 and with the limited arable land, AI integration becomes essential for scaling food production. AI, supported by IoT and big data, is transforming agriculture through enhanced crop monitoring, precision farming, predictive analytics, and yield optimization. Innovations like AI-powered drones, robots, and wireless sensors are deployed for tasks, such as predictive analysis, pest detection, and soil monitoring. Collaborations such as Microsoft's AI Sowing App and initiatives by companies like Nature Fresh Farms exemplify AI's transformative impact, improving efficiency and predicting harvest yields. The widespread adoption not only enhances operational efficiency but also drives demand for IoT devices, solidifying AI's role in sustainable agriculture in the coming years.
Sample Request @ https://www.blueweaveconsulting.com/report/ai-in-agriculture-market-bwc19397/report-sample
Opportunity - Development of innovative AI applications for vertical farming, aquaculture, and livestock management
As the world population continues to grow and food demand escalates, the need for efficient farming methods becomes increasingly critical to maximize production on limited land. Artificial Intelligence (AI) is at the forefront of this agricultural revolution, transforming traditional practices across vertical farming, aquaculture, and livestock management. AI-driven applications are tailored to each sector's unique challenges, from monitoring crop health and automating feeding systems in vertical farms, to overseeing water quality and fish health in aquaculture, and implementing precision feeding and health monitoring in livestock management. These advancements not only enhance operational efficiency but also promote sustainable farming practices, crucial for meeting future food demands while minimizing environmental impact. Optima Planta, founded in 2017 by Lennart Sör, exemplifies this trend with their AI and bio-informatics-driven approach to vertical farming. Based in Uppsala, their research and development facility pioneers AI technologies to achieve substantial efficiency gains in Controlled Environment Agriculture (CEA), projecting up to 100% improvement. Optima Planta's ADA (Agriculture Data Assistant) system optimizes environmental conditions with sensors for pH, humidity, and temperature, enhancing yields by 25%–50% under controlled parameters. Collaborations with Swedish universities drive ongoing innovation, underscoring AI's transformative potential in modern farming practices as Optima Planta seeks partnerships and investment to scale their technology.
North America at Forefront in Adopting AI for Agriculture
North America, the home to technologically advanced United States and Canada, is the leading region in Global AI in Agriculture Market. During the forecast period, the region is also going to sustain its leadership position due to increasing investments in automation, adoption of IoT, and governments’ increasing supportive measures for domestic AI development. Agricultural technology firms are actively exploring AI solutions, deploying drones, robots, and intelligent monitoring systems.
Impact of Escalating Geopolitical Tensions on Global AI in Agriculture Market
Intensifying geopolitical tensions can have a multifaceted impact on Global AI in Agriculture Market. Conflicts between countries disrupt supply chains, impede international collaborations, and heighten regulatory uncertainties, leading to market volatility. Nations experiencing instability may prioritize domestic food security over technological imports, thereby altering market dynamics and growth trajectories. Moreover, increased global uncertainty may erode investor confidence, thereby restricting funding for AI innovations in agriculture. As geopolitical tensions continue, strategic partnerships and regulatory frameworks assume critical roles in navigating the evolving landscape of AI adoption in agriculture worldwide.
Competitive Landscape
Global AI in Agriculture Market is highly fragmented, with numerous players serving the market. The key players dominating Global AI in Agriculture Market include Microsoft Corporation, IBM Corporation, Granular Inc, Prospera Technologies Ltd, Gamaya SA, ec2ce, PrecisionHawk Inc, Cainthus Corp, Tule Technologies Inc, Deere & Company, and AgEagle Aerial Systems Inc. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Global AI in Agriculture Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global AI in Agriculture Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.
Contact Us:
BlueWeave Consulting & Research Pvt Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
Get Help
Related Report
Publish Date: July 2024
Rapid adoption of advancements in AI and other emerging technologies to meet the increasingly high need to feed the ever growing world population, and governments’ supportive initiatives and funding are expected to drive Global AI in Agriculture Market during the forecast period between 2024 and 2030.
Relevant Press Releases
- Global Access Control Systems Market Booming: Growing at a CAGR of 7.6% during the forecast period (2020 to 2027)
- Global Software as a Service (SaaS) Market Size Zooming More Than 3.7X to Touch Whopping USD 790 Billion by 2029
- Global Cloud-based System Management Software Market Size Zooming 5.2X to Reach Value of USD 89.65 Billion by 2030
- United States Artificial Intelligence (AI) Market Size More Than Doubles at Significant CAGR of 12.07% to Surpass USD 238 Billion by 2030
- Global AI in Food & Beverage Market is Projected to reach US$ 12.58 Billion by the year 2026