openPR Logo
Press release

Artificial Intelligence in Agriculture Market Hits Milestone - Projected at USD 11.96 Billion By 2032 with a Striking 23.67% CAGR

04-22-2024 01:48 PM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Artificial Intelligence in Agriculture Market

Artificial Intelligence in Agriculture Market

According to Polaris Market Research predictions, the artificial intelligence in agriculture market size was valued at USD 1.77 billion in 2023. The market is anticipated to grow to USD 11.96 billion by 2032, exhibiting a CAGR of 23.67% during the forecast period.

The globe's population persists in progress, causing a substantial requirement for food production. AI technologies in agriculture engage farmers to improve crop conformity and maximize resource employment to meet the increasing food demands viably.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-in-agriculture-market/request-for-sample

As of mid-November 2022, the global population was positioned at 8.0 billion people. Predictions stipulate that the worldwide population will escalate by roughly 2 billion people in the subsequent three decades from the prevalent 8 billion to 9.7 billion by 2050. Additionally, AI-propelled agricultural technologies permit the application of precision framing techniques and licensing of customized treatment for specific crops and even distinct plants as per their individual needs.

In spite of generating sufficient food to cater to the world's population, approximately 1 billion people yet develop hunger and undernourishment due to food squandering, climate change, and other elements. Luckily, the consolidation of artificial intelligence in agriculture has the possibility to convert food systems and assist convey the global food catastrophe. By comprehending data from manifold sources, AI can assist farmers in rendering data-propelled resolution, maximizing resource utilization, and reduction of environmental influence.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐จ๐ซ'๐ฌ ๐๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ข๐ง๐ 

The market is considerably integrated, with a handful of compact and medium-sized market firms responsible for the bulk of revenue. Prominent players are situating several strategies, joining mergers & acquisitions, deliberating consensus and contracts, advancing, testing, and initiating more production in the artificial intelligence in agriculture market. Some major companies included are:

โ€ข AgEagle Aerial Systems Inc.
โ€ข aWhere Inc.
โ€ข Deere & Company
โ€ข Descartes Labs, Inc.
โ€ข ec2ce
โ€ข GAMAYA
โ€ข Granular, Inc.
โ€ข IBM Corporation
โ€ข Microsoft
โ€ข PrecisionHawk
โ€ข Prospera Technologies
โ€ข Taranis
โ€ข The Climate Corporation
โ€ข Tule Technologies Inc.
โ€ข weLLgo Medical Products GmbH
โ€ข VineView

๐๐ฎ๐ฒ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐•๐ž๐ซ๐ฌ๐ข๐จ๐ง ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž ๐๐จ๐ฐ: https://www.polarismarketresearch.com/buy/2885/2

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

โ€ข Increasing Demand for Food Security: With the global population expected to reach nearly 10 billion by 2050, there is a pressing need to boost agricultural productivity. AI helps in achieving higher yields through precision farming and efficient resource management.

โ€ข Labor Shortages: Agriculture sectors in many countries face labor shortages due to urban migration and an aging farmer population. AI-driven robots and automated systems can perform labor-intensive tasks, reducing the reliance on human labor.

โ€ข Climate Change: Changing weather patterns affect crop yields and farming practices. AI can provide farmers with actionable insights through predictive weather analytics and data-driven decision-making tools to adapt to climate variabilities.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข North America dominated the artificial intelligence in the agriculture market owing to the region boasting a gamut of AI requisitions in agriculture, including precision farming, remote sensing, crop observing, predictive logic, and mechanized farming techniques.

โ€ข Population escalation, climate change's influence, and worries over water dearth are the factors pushing the Asia Pacific region towards market expansion.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐“๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ก๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/artificial-intelligence-in-agriculture-market

๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž ๐ข๐ง ๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ, ๐š๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง, ๐š๐ง๐ ๐œ๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ:

Artificial Intelligence in Agriculture, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Computer Vision
โ€ข Machine Learning & Deep Learning
โ€ข Predictive Analytics

Artificial Intelligence in Agriculture, Application Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Precision Farming
โ€ข Agriculture Robots
โ€ข Livestock Monitoring
โ€ข Drone Analytics

Artificial Intelligence in Agriculture, Component Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Services
โ€ข Software
โ€ข Hardware

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Satellite Data Services Market: https://www.polarismarketresearch.com/industry-analysis/satellite-data-services-market

Lease Management Market: https://www.polarismarketresearch.com/industry-analysis/lease-management-market

Video Conferencing Market: https://www.polarismarketresearch.com/industry-analysis/video-conferencing-market

Location-Based Entertainment Market: https://www.polarismarketresearch.com/industry-analysis/location-based-entertainment-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Artificial Intelligence in Agriculture Market Hits Milestone - Projected at USD 11.96 Billion By 2032 with a Striking 23.67% CAGR here

News-ID: 3471928 • Views: โ€ฆ

More Releases from Polaris Market Research & Consulting

Behavioral Biometrics Market Set to Reach USD 9,345.99 Million By 2032 with a Notable CAGR of 25.10%
Behavioral Biometrics Market Set to Reach USD 9,345.99 Million By 2032 with a No โ€ฆ
๐๐ž๐ก๐š๐ฏ๐ข๐จ๐ซ๐š๐ฅ ๐๐ข๐จ๐ฆ๐ž๐ญ๐ซ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ The global behavioral biometrics market, which was valued at USD 1245.39 million in 2023, is poised for remarkable growth. It is projected to reach a staggering USD 9,345.99 million by 2032, indicating a robust CAGR of 25.10% during the forecast period from 2024 to 2032. This exponential growth is driven by various factors, underscoring the increasing importance of behavioral biometrics in the market. โ— The rise in phishing attempts, particularlyโ€ฆ
Europe Orthopedic Devices Market is estimated to reach USD 21,368.9 million by 2032 | Data by Polaris Market Research
Europe Orthopedic Devices Market is estimated to reach USD 21,368.9 million by 2 โ€ฆ
According to an exhaustive report by Polaris Market Research, the global Europe orthopedic devices market is poised for significant growth over the next decade. In 2023, global sales income reached USD 15,218.52 million. Predicted to boost at a robust Compound Annual Growth Rate (CAGR) of 3.8%, the market is estimated to reach USD 21,368.9 million by 2032. Orthopaedic implants are substances utilized to restore bones and joints in rigid tissue applications.โ€ฆ
Cartridge Filling System Market is anticipated to grow to US$ 17.46 billion by 2032, to grow at a CAGR of 11.0% from 2024 to 2032
Cartridge Filling System Market is anticipated to grow to US$ 17.46 billion by 2 โ€ฆ
The global Cartridge Filling System Market size was valued at USD 6.84 billion in 2023 and is anticipated to grow to USD 17.46 billion by 2032, exhibiting a CAGR of 11.0% during the forecast period from 2024 to 2032. Various factors propelling the demand for the CFS market include: โ€ข The incorporation of novel technologies like mechanization and robotics primarily drives market growth. โ€ข The flexibility of technology-integrated cartridge filling techniques makes them suitableโ€ฆ
Healthcare Interoperability Solutions Market is estimated to reach USD 11.52 Billion by 2032, at a CAGR of 14.6% from 2024 to 2032
Healthcare Interoperability Solutions Market is estimated to reach USD 11.52 Bil โ€ฆ
According to an exhaustive report by Polaris Market Research, the global healthcare interoperability solutions market is poised for significant growth over the next decade. In 2023, global sales income reached USD 3.39 billion. Predicted to boost at a robust Compound Annual Growth Rate (CAGR) of 14.6%, the market is estimated to reach USD 11.52 billion by 2032. Interoperability in healthcare indicates to prompt and safe approach, incorporation, and usage ofโ€ฆ

All 5 Releases


More Releases for Agriculture

Indonesia Agriculture Market, Indonesia Agriculture Industry, Agriculture Grains โ€ฆ
Indonesia is worldโ€™s leading producer of palm oil as well as a leading global producer of other commodities such as rubber, cocoa, and coffee. Indonesia is a rich country in fertile land ideal for growing different ranges of crops for both export & domestic consumption. However, these are export crops that have come to direct land use and employment to take the advantage of peaks in global commodity prices. Inโ€ฆ
Zambia Agriculture Market, Zambia Agriculture Industry, Agriculture Livestock Ma โ€ฆ
Agriculture has always been of excessive importance for the Zambia, as nurturing the worldโ€™s largest population is not a tranquil task. The Zambia government has been ancillary the agriculture industry with a number of policies, annoying to stabilize the output and pursuing ways to ensure the sector is rising healthily and sustainably. The Zambia federal government has been decidedly supportive of agriculture for decades, and there is far-reaching political consensusโ€ฆ
Morocco Agriculture Market, Morocco Agriculture Industry, Agriculture Grains Mar โ€ฆ
Morocco is tremendously dependent on its agricultural sector. Moroccan agricultural production consists mainly of potatoes, sugar beet, oranges, wheat, tomatoes, olives, and olive oil. The significance of agriculture sector in the economy of Morocco and other countries is measured as the worth added of the agricultural sector as percent of Gross domestic product (GDP). Agriculture includes hunting, forestry, and fishing, as well as the cultivation of crops & livestock production. Accordingโ€ฆ
Philippines Agriculture Market, Philippines Agriculture Industry, Agriculture Gr โ€ฆ
The Philippines is primarily an agricultural country. Most populace lives in rural areas and support themselves through agriculture. Countryโ€™s agriculture sector is sub-divided into 4 key sub-sectors: fisheries, farming, livestock, and forestry that employ approximately 39.8 % of the labor-force and contribute 20 & of GDP. The fisheries sector is categorized into 3 sub-sectors: municipal, commercial, and aquaculture (cultivation of natural produce of bodies of water). Growing crops for theโ€ฆ
Mozambique Agriculture Market, Mozambique Agriculture Industry, Agriculture Grai โ€ฆ
The Agriculture has always been of abundant importance for Mozambique, as feeding the worldโ€™s principal population is not an easy undertaking. The Mozambique government has been supportive the agriculture industry with a sum of policies, trying to stabilize the output and pursuing ways to ensure the sector is developing healthily and sustainably. The Mozambique federal government has been exceedingly supportive of agriculture for decades, and there is wide-ranging political consensusโ€ฆ
Turkey Agriculture Market, Turkey Agriculture Industry, Agriculture Grains Marke โ€ฆ
Turkeyโ€™s agricultural economy is among the highest ten within the world, with half of the country consisting of agricultural land and nearly a quarter of the population utilized in agriculture. Turkey is a major producer of wheat, sugar beets, milk, poultry, cotton, tomatoes and different fruits and vegetables, and is that the high producer within the world for apricots and hazelnuts.ย  As inputs to animal feed for its meat andโ€ฆ