The artificial intelligence (AI) market in agriculture is driven by the increasing adoption of robots, in agriculture. The increasing consumption and rising requirement of better yields of crops are fueling the demand for robots, in agriculture. Precision farming is in demand as around 70-80% of the new equipment purchases have been deemed to contain some form of precision farming tools along with the demand of smart green applications.
MARKET SCOPE
The "Global Artificial Intelligence in Agriculture Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the artificial intelligence in agriculture market with detailed market segmentation by type, component, application, and geography. The report provides key statistics on the market status of the leading artificial intelligence in agriculture market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on type, the global artificial intelligence in agriculture market is segmented into machine learning, computer vision, predictive analytics
? On the basis of component, the market is segmented into software, service
? Based on application, the market is bifurcated into crop and soil monitoring, predictive agricultural analytics, livestock monitoring, agriculture robots, drone analytics, others
MARKET DYNAMICS
Drivers:
? Increasing strain on global food supply owing to rising population.
? Increasing implementation of data generation through sensors and aerial images for crops.
? Increasing crop productivity through deep learning technology.
? Government support to adopt modern agricultural techniques.
Restraints
? High cost of gathering precise field data
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The artificial intelligence in agriculture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the artificial intelligence in agriculture market in these regions.
IMPACT OF COVID-19 ON ARTIFICIAL INTELLIGENCE IN AGRICULTURE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the artificial intelligence in agriculture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from artificial intelligence in agriculture market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the artificial intelligence in agriculture market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? AgEagle Aerial Systems Inc.
? Descartes Labs, Inc.
? ec2ce
? IBM Corporation
? John Deere and Company
? Microsoft Corporation
? PrecisionHawk
? Taranis
? The Climate Corporation
? Trimble Inc.
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.