Maharashtra, India -- (SBWIRE) -- 03/01/2019 -- Artificial Intelligence AI in Agriculture Market
The Artificial Intelligence (AI) in Agriculture market will register a 21.8% CAGR in terms of revenue, the global market size will reach US$ 790 million by 2024, from US$ 240 million in 2019.
Artificial Intelligence (AI) in Agriculture Market size is being driven by the growing adoption of the robots in agriculture. Increasing consumption and rising requirement of better yield of crops are estimated to be one of the major factors that is fueling the demand of robots in agriculture.
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Scope of the Report:
Increasing consumption motivates farmers to scale up farming operations and give rise to the requirement of automating farming operations. As the farmers are shifting more towards automation, drones and robots have become integral part of agriculture farms and are enhancing yield and improving the product quality. Since AI is the backbone of robotics, increasing adoption of robots in agriculture is estimated to drive the AI in agriculture market growth.
Manufacturer, Distributor, Downstream Client Companies Data Analysis:
IBM, Intel, Microsoft, SAP, Agribotix, The Climate Corporation, Mavrx, aWhere, Precision Hawk, Granular, Prospera Technologies, Spensa Technologies, Resson, Vision Robotics, Harvest Croo Robotics, CropX, John Deere, Gamaya, Cainthus
Segmentation by product type:
Machine Learning
Computer Vision
Segmentation by application:
Precision Farming
Livestock Monitoring
Drone Analytics
Agriculture Robots
Others
Artificial Intelligence AI in Agriculture Market report also splits the market by region:
North America (United States, Canada, Mexico)
South America ( Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.
United States is the largest consumption countries of Artificial Intelligence (AI) in Agriculture in the world in the past few years and it will keep leader position in the next few years. United States market took up about 42.96% the global market in 2017, while Europe was about 22.67%. USA is now the key developers of Artificial Intelligence (AI) in Agriculture; most companies are in USA. Others are in Europe, China and India.
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Research objectives:
Focuses on the key global Artificial Intelligence AI in Agriculture manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Artificial Intelligence AI in Agriculture with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Key Points sheathed in the Artificial Intelligence AI in Agriculture Market Report Coverage:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financial and recent developments
– Supply chain trends mapping the latest technological advancements
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