AI Market in Agriculture by Solution by Type, Service and Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

  • ID: 4470331
  • Report
  • Region: Global
  • 135 pages
  • P&S Market Research
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FEATURED COMPANIES

  • Apple Inc
  • Climate Connect
  • Fluid AI
  • Intel Corporation
  • Numenta Inc
  • Open AI
  • MORE
AI Market in Agriculture by Solution (Robotics, Crop Monitoring, Automated Irrigation, AI-Guided Drone), by Type (Product [Hardware, Software], Service [Installation, Training, Support & Maintenance]), by Geography (U.S., Canada, U.K., Germany, France, China, Japan, India, South Korea, Brazil, Peru) - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

AI market in agriculture is expected to attain a size of $465.6 million by 2023.

The market is expected to witness high growth due to high penetration of internet of things (IoT) in agriculture industry and increasing number of IoT device installations in agriculture. The decreasing price of sensors and increasing adoption of cattle facial recognition are facilitating the market growth. Increasing government support for the development of new farming techniques, and surge in global awareness regarding the benefits of AI in agriculture over the years, are expected to boost the growth of the AI market in agriculture during the forecast period.

Insights on Market Segment:

Among all solutions, crop monitoring is the largest market throughout the period of analysis, and AI-guided drone will be the fastest growing segment during the forecast period. Hardware based products are growing at higher pace than software in the AI market in agriculture. Due to surge in the adoption of AI based agricultural products, installation is the largest service category throughout the period of analysis. Owing to a rising number of agriculture-based startups in Asia-Pacific, the region is expected to witness the fastest growth during the forecast period.

North America is the largest market throughout the forecast period

Geographically, North America is the largest region in the AI market in agriculture with the U.S. alone contributing more than 30% of the revenue to the global market in 2016. The country is also expected to lead the global market during the forecast period. Speech recognition, natural language processing (NLP), and animal facial recognition are some of the applications on which the companies in the U.S. AI industry are focusing.

The U.K., Germany, and France are the major markets in Europe; while in Asia-Pacific, Japan, India, China, and South Korea are the key markets.

High penetration of IoT in agriculture industry is the key growth driver

AI in agriculture industry has been thriving on account of growing need for high volumes of agricultural produce. According to United Nations Food and Agriculture Organization (UNFAO), the world will need to produce nearly 70% more food in 2050 than it did in 2006, to feed the growing population. To meet this emerging demand, agricultural companies and farmers are rapidly turning to the benefits of IoT for crop analytics and greater production capabilities.

The inclusion of IoT sensors in agriculture practices are capable of providing farmers with critical information about rainfall, crop yields, soil nutrition, and pest infestation. Such information is valuable to overall farm production and offers the most precise data to be used for improving farming techniques, thereby boosting the growth of the market. With smart agriculture and precision farming already taking off high, greater use of IoT in farming is propelling the growth of the AI market in agriculture globally.

Increasing number of product launches

IBM and Robert Bosch GmbH are the top companies operating in the AI market in agriculture. The other key players in the industry include Intel Corporation, NVIDIA Corporation, Climate Corporation, and Microsoft Inc. There has been an increased number of product launches from these players in the recent past. For instance, in October 2017, Climate Corporation announced the launch of the Climate FieldView digital agriculture platform in western Canada for the 2018 growing season. Through the new launch’s analytics-based digital tools, Canadian farmers will now be able to harness their data in one connected platform.
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FEATURED COMPANIES

  • Apple Inc
  • Climate Connect
  • Fluid AI
  • Intel Corporation
  • Numenta Inc
  • Open AI
  • MORE
1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Solution
1.3.2 Market Segmentation by Type
1.3.3 Market Segmentation by Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 by region
2.2.1.2 by industry participant
2.2.1.3 by company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 by Solution
4.1.1.1 Robotics
4.1.1.2 Crop monitoring
4.1.1.3 Automated irrigation
4.1.1.4 AI-Guided drone
4.1.1.5 Others
4.1.2 by Type
4.1.2.1 Product
4.1.2.1.1 Hardware
4.1.2.1.2 Software
4.1.2.2 Service
4.1.2.2.1 Installation
4.1.2.2.2 Training
4.1.2.2.3 Support & maintenance
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing adoption of robotics in agriculture
4.3.1.2 Rise in adoption of smart sensors and precision agriculture
4.3.2 Drivers
4.3.2.1 High penetration of IOT in agriculture industry
4.3.2.2 Increasing number of IOT device installation in agriculture
4.3.2.3 Decreasing price of sensors
4.3.2.4 Increase in adoption of cattle facial recognition
4.3.2.5 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 High cost of AI solutions and lack of understanding
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Rise in agriculture related data
4.3.4.2 AI powered chatbots or automated intelligent agents
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Intensity of Rivalry
4.4.5 Threat of Substitutes

5. Global Market Size and Forecast
5.1 by Solution
5.2 by Type
5.2.1 Global AI Product Market in Agriculture, by Type
5.2.2 Global AI Service Market in Agriculture, by Type
5.3 by Region

6. North America Market Size and Forecast
6.1 by Solution
6.2 by Type
6.2.1 AI Product Market in Agriculture, by Type
6.2.2 AI Service Market in Agriculture, by Type
6.3 AI Market in Agriculture by Country

7. Asia-Pacific Market Size and Forecast
7.1 AI Market in Agriculture, by Solution
7.2 Asia-Pacific AI Market in Agriculture, by Type
7.2.1 AI Product Market in Agriculture, by Type
7.2.2 AI Service Market in Agriculture, by Type
7.3 AI Market in Agriculture, by Country

8. Europe Market Size and Forecast
8.1 AI Market in Agriculture, by Solution
8.2 AI Market in Agriculture, by Type
8.2.1 AI Product Market in Agriculture, by Type
8.2.2 AI Service Market in Agriculture, by Type
8.3 AI Market in Agriculture, by Country

9. RoW Market Size and Forecast
9.1 AI Market in Agriculture, by Solution
9.2 AI Market in Agriculture, by Type
9.2.1 AI Product Market in Agriculture, by Type
9.2.2 AI Service Market in Agriculture, by Type
9.3 AI Market in Agriculture, by Country
1.. Competitive Landscape
10.1 Competitive Analysis of Key Players
10.2 Global Strategic Developments of Key Players
10.2.1 Product Launch
10.2.2 Partnership
10.2.3 Merger and Acquisition
1.. Company Profiles
11.1 Intel Corporation
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.1.3 Key Financial Summary
11.1.4 Strategic Growth Plans
11.2 Google Inc.
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.2.3 Strategic Growth Plans
11.3 International Business Machines Corporation (IBM)
11.3.1 Business Overview
11.3.2 Key Financial Summary
11.3.3 Product and Service Offerings
11.3.4 Strategic Growth Plans
11.4 NVIDIA Corporation
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.4.3 Key Financial Summary
11.4.4 Strategic Growth Plans
11.5 Sentient Technologies
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.5.3 Strategic Growth Plans
11.6 Numenta Inc.
11.6.1 Business Overview
11.7 Open AI
11.7.1 Business Overview
11.8 Climate Connect
11.8.1 Business Overview
11.9 Apple Inc.
11.9.1 Business Overview
11.9.2 Product and Service Offerings
11.9.3 Key Financial Summary
11.9.4 Strategic Growth Plans
11.1 Microsoft Corporation
11.10.1 Business Overview
11.10.2 Product and Service Offerings
11.10.3 Key Financial Summary
11.10.4 Strategic Growth Plans
11.11 Robert Bosch GmbH
11.11.1 Business Overview
11.11.2 Product and Service Offerings
11.11.3 Key Financial Summary
11.11.4 Strategic Growth Plans
11.12 aWhere Inc.
11.13 ec2ce
11.14 SEKEM
11.15 Fluid AI

12. Appendix
12.1 Abbreviations
12.2 Related Reports

List of Tables
Table 1 Analysis Period of The Study
Table 2 Global AI Market In Agriculture, by Solution, $M (2013 - 2016)
Table 3 Global AI Market In Agriculture, by Solution, $M (2017 - 2023)
Table 4 Global AI Market In Agriculture, by Type, $M (2013 - 2016)
Table 5 Global AI Market In Agriculture, by Type, $M (2017 - 2023)
Table 6 Global AI Product Market In Agriculture, by Type, $M (2013 - 2016)
Table 7 Global AI Product Market In Agriculture, by Type, $M (2017 - 2023)
Table 8 Global AI Service Market In Agriculture, by Type, $M (2013 - 2016)
Table 9 Global AI Service Market In Agriculture, by Type, $M (2017 - 2023)
Table 10 Global AI Market In Agriculture, by Region, $M (2017 - 2023)
Table 11 North America AI Market In Agriculture, by Solution, $M (2013 - 2016)
Table 12 North America AI Market In Agriculture, by Solution, $M (2017 - 2023)
Table 13 North America AI Market In Agriculture, by Type, $M (2013 - 2016)
Table 14 North America AI Market In Agriculture, by Type, $M (2017 - 2023)
Table 15 North America AI Product Market In Agriculture, by Type, $M (2013 - 2016)
Table 16 North America AI Product Market In Agriculture, by Type, $M (2017 - 2023)
Table 17 North America AI Service Market In Agriculture, by Type, $M (2013 - 2016)
Table 18 North America AI Service Market In Agriculture, by Type, $M (2017 - 2023)
Table 19 North America AI Market In Agriculture, by Country, $M (2013 - 2016)
Table 20 North America AI Market In Agriculture, by Country, $M (2017 - 2023)
Table 21 Asia-Pacific AI Market In Agriculture, by Solution, $M (2013 - 2016)
Table 22 Asia-Pacific AI Market In Agriculture, by Solution, $M (2017 - 2023)
Table 23 Asia-Pacific AI Market In Agriculture, by Type, $M (2013 - 2016)
Table 24 Asia-Pacific AI Market In Agriculture, by Type, $M (2017 - 2023)
Table 25 Asia-Pacific AI Product Market In Agriculture, by Type, $M (2013 - 2016)
Table 26 Asia-Pacific AI Product Market In Agriculture, by Type, $M (2017 - 2023)
Table 27 Asia-Pacific AI Service Market In Agriculture, by Type, $M (2013 - 2016)
Table 28 Asia-Pacific AI Service Market In Agriculture, by Type, $M (2017 - 2023)
Table 29 Asia-Pacific AI Market In Agriculture, by Country, $M (2013 - 2016)
Table 30 Asia-Pacific AI Market In Agriculture, by Country, $M (2017 - 2023)
Table 31 Europe AI Market In Agriculture, by Solution, $M (2013 - 2016)
Table 32 Europe AI Market In Agriculture, by Solution, $M (2017 - 2023)
Table 33 Europe AI Market In Agriculture, by Type, $M (2013 - 2016)
Table 34 Europe AI Market In Agriculture, by Type, $M (2017 - 2023)
Table 35 Europe AI Product Market In Agriculture, by Type, $M (2013 - 2016)
Table 36 Europe AI Product Market In Agriculture, by Type, $M (2017 - 2023)
Table 37 Europe AI Service Market In Agriculture, by Type, $M (2013 - 2016)
Table 38 Europe AI Service Market In Agriculture, by Type, $M (2017 - 2023)
Table 39 Europe AI Market In Agriculture, by Country, $M (2013 - 2016)
Table 40 Europe AI Market In Agriculture, by Country, $M (2017 - 2023)
Table 41 Row AI Market In Agriculture, by Solution, $M (2013 - 2016)
Table 42 Row AI Market In Agriculture, by Solution, $M (2017 - 2023)
Table 43 Row AI Market In Agriculture, by Type, $M (2013 - 2016)
Table 44 Row AI Market In Agriculture, by Type, $M (2017 - 2023)
Table 45 Row AI Product Market In Agriculture, by Type, $M (2013 - 2016)
Table 46 Row AI Product Market In Agriculture, by Type, $M (2017 - 2023)
Table 47 Row AI Service Market In Agriculture, by Type, $M (2013 - 2016)
Table 48 Row AI Service Market In Agriculture, by Type, $M (2017 - 2023)
Table 49 Row AI Market In Agriculture, by Country, $M (2013 - 2016)
Table 50 Row AI Market In Agriculture, by Country, $M (2017 - 2023)
Table 51 Competitive Analysis of Key Players
Table 52 Intel Corporation - at a Glance
Table 53 Intel Corporation Key Financial Summary
Table 54 Google Inc. - at a Glance
Table 55 Ibm- at a Glance
Table 56 IBM Key Financial Summary
Table 57 Nvidia Corporation - at a Glance
Table 58 Nvidia Corporation Key Financial Summary
Table 59 Sentient Technologies - at a Glance
Table 60 Numenta Inc. - at a Glance
Table 61 Open AI - at a Glance
Table 62 Climate Connect - at a Glance
Table 63 Apple Inc. - at a Glance
Table 64 Apple Inc. Key Financial Summary
Table 65 Microsoft Corporation - at a Glance
Table 66 Microsoft Corporation Key Financial Summary
Table 67 Robert Bosch GMBH - at a Glance
Table 68 Awhere Inc.- at a Glance
Table 69 Ec2Ce- at a Glance
Table 70 Sekem- at a Glance
Table 71 Fluid Ai- at a Glance

List of Figures
Fig 1 Research Methodology
Fig 2 Regional Split of Primary And Secondary Research
Fig 3 Breakdown of Primary Research by Region
Fig 4 Breakdown of Primary Research by Industry Participant
Fig 5 Breakdown of Primary Research by Company Type
Fig 6 Data Triangulation Approach
Fig 7 Global AI Market In Agriculture Summary
Fig 8 Emergence of Value Chain
Fig 9 Estimated Adoption of Precision Agriculture by Region (2016)
Fig 10 Adoption of Smart Sensors For Precision Agriculture
Fig 11 Estimated Agriculture IOT Device Shipments, Million Units
Fig 12 Estimated Average Fall In Price of IOT Sensors, Usd
Fig 13 Drivers For Market: Impact Analysis
Fig 14 Primary Reasons For Businesses Not Being Interested In Ai-Driven Solutions
Fig 15 Restraints For Market: Impact Analysis
Fig 16 Functioning of AI Powered Chatbots - Nuru
Fig 17 Porter’S Five Forces Analysis
Fig 18 Bargaining Power of Buyers
Fig 19 Bargaining Power of Supplier
Fig 20 Threat of New Entrants
Fig 21 Intensity of Rivalry
Fig 22 Threat of Substitutes
Fig 23 Global AI Market In Agriculture, by Solution, $M (2013 - 2023)
Fig 24 Global AI Market In Agriculture, by Type, $M (2013 - 2023)
Fig 25 Global AI Product Market In Agriculture, by Type, $M (2013 - 2023)
Fig 26 Global AI Service Market In Agriculture, by Type, $M (2013 - 2023)
Fig 27 Worldwide Major Markets For AI In Agriculture
Fig 28 Global AI Market In Agriculture, by Region, $M (2013 - 2023)
Fig 29 Global AI Market In Agriculture, by Region, $M (2013 - 2016)
Fig 30 Snapshot of North America AI Market In Agriculture
Fig 31 North America AI Market In Agriculture, by Solution, $M (2013 - 2023)
Fig 32 North America AI Market In Agriculture, by Type, $M (2013 - 2023)
Fig 33 North America AI Product Market In Agriculture, by Type, $M (2013 - 2023)
Fig 34 North America AI Service Market In Agriculture, by Type, $M (2013 - 2023)
Fig 35 North America AI Market In Agriculture, by Country, $M (2013 - 2023)
Fig 36 Snapshot of Asia-Pacific AI Market In Agriculture
Fig 37 Asia-Pacific AI Market In Agriculture, by Solution, $M (2013 - 2023)
Fig 38 Asia-Pacific AI Market In Agriculture, by Type, $M (2013 - 2023)
Fig 39 Asia-Pacific AI Product Market In Agriculture, by Type, $M (2013 - 2023)
Fig 40 Asia-Pacific AI Service Market In Agriculture, by Type, $M (2013 - 2023)
Fig 41 Asia-Pacific AI Market In Agriculture, by Country, $M (2013 - 2023)
Fig 42 Snapshot of Europe AI Market In Agriculture
Fig 43 Europe AI Market In Agriculture, by Solution, $M (2013 - 2023)
Fig 44 Europe AI Market In Agriculture, by Type, $M (2013 - 2023)
Fig 45 Europe AI Product Market In Agriculture, by Type, $M (2013 - 2023)
Fig 46 Europe AI Service Market In Agriculture, by Type, $M (2013 - 2023)
Fig 47 Europe AI Market In Agriculture, by Country, $M (2013 - 2023)
Fig 48 Snapshot of Row AI Market In Agriculture
Fig 49 Row AI Market In Agriculture, by Solution, $M (2013 - 2023)
Fig 50 Row AI Market In Agriculture, by Type, $M (2013 - 2023)
Fig 51 Row AI Product Market In Agriculture, by Type, $M (2013 - 2023)
Fig 52 Row AI Service Market In Agriculture, by Type, $M (2013 - 2023)
Fig 53 Row AI Market In Agriculture, by Country, $M (2013 - 2023)
Fig 54 Intel Corporation Revenue Split by Segment (2016)
Fig 55 Google, Inc. Revenue Split by Segment (2016)
Fig 56 IBM Revenue Split by Segment And by Geography (2016)
Fig 57 Nvidia Corporation Revenue Split by Segment (2016)
Fig 58 Apple Inc. Revenue Split by Product And Geography (2016)
Fig 59 Microsoft Corporation Revenue Split by Segment And Geography (2016)
Fig 60 Robert Bosch GMBH Revenue Split by Segment And Geography (2016)
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  • Apple Inc
  • Awhere Inc.
  • Climate Connect
  • Ec2Ce
  • Fluid AI
  • Google Inc
  • Intel Corporation
  • International Business Machines Corporation (Ibm)
  • Microsoft Corporation
  • Numenta Inc
  • Nvidia Corporation
  • Open AI
  • Robert Bosch GMBH
  • Sekem
  • Sentient Technologies
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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