What Has Been the Progress and Growth of the Artificial Intelligence (AI) In Agriculture Market in Recent Years?
The artificial intelligence (ai) in agriculture market has seen considerable growth due to a variety of factors.
•In recent years, the market size of artificial intelligence (AI) in agriculture has seen a significant expansion. Rising from $2.23 billion in 2024 to be valued at $2.71 billion in 2025, a compound annual growth rate (CAGR) of 21.6%.
is projected. The considerable increase from the historic period can be linked to factors such as the adoption of precision agriculture, the availability of data, advancement in farm mechanization, impacts of climate change, and labor shortages.
What Can Be Expected from the Artificial Intelligence (AI) In Agriculture Market in the Coming Years?
The artificial intelligence (ai) in agriculture market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, significant expansion is projected for the artificial intelligence (AI) market in agriculture. It is expected to reach a market size of $6.58 billion by 2029, with a compound annual growth rate (CAGR) of 24.8%.
Factors contributing to this growth during the forecast period include the integration of IoT, improved AI algorithms, increased use of drones, worldwide food demand, digital agriculture platforms, AI-enabled crop breeding, and the use of AI in pest control. Key trends for this period encompass enhancements in satellite imaging, intelligent irrigation systems, blockchain application in the supply chain, the incorporation of farm robots, multi-sensor fusion, and partnerships between tech firms and agricultural bodies.
What Main Forces Are Fueling Expansion In The Artificial Intelligence (AI) In Agriculture Market?
The rise in food production for ensuring food security is predicted to spur the expansion of artificial intelligence (AI) in the agriculture sector. The concept of food security is characterized by the availability, access, and use of food that satisfies the dietary needs and choices for a healthy, active life and guarantees that everyone has enough safe and nutritious food. AI has the potential to maximize agricultural activities, boost crop yields, and analyze substantial data volumes such as weather trends, soil conditions, and crop health to provide real-time and accurate suggestions to farmers. This empowers farmers to make better decisions regarding irrigation, fertilization, pest control, and harvesting, which result in increased productivity, reduced waste, optimal food output, and global food security. For example, a report published by the Food and Agriculture Organization, a Canada-based entity that spearheads global initiatives to eradicate hunger and enhance nutrition and food security, stated in July 2023 that global cereal production in 2023 rose by 5.9 million tons (0.2 %) in July compared to the previous month, hitting 2,819 million tons, a 1.1% annual increase. Furthermore, global usage of wheat escalated from nearly 762 million tons in 2020-2021 to about 773 million tons in 2021-2022, with an expected further increase to 780 million tons in 2022-2023. Hence, the necessity for augmentation of food production to ensure food security will stimulate the growth of the AI in agriculture market.
What Are The Primary Segments In The Global Artificial Intelligence (AI) In Agriculture Market?
The artificial intelligence (AI) in agriculture market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning, Predictive Analysis, Computer Vision
3) By Deployment: Cloud, On-Premise, Hybrid
4) By Application: Precision Framing, Agriculture Robots, Livestock Monitoring, Drone Analytics, Labor Management, Other Applications
Subsegments:
1) By Hardware: Sensors, Drones, Imaging Systems, Robotics, Automated Equipment
2) By Software: Data Analytics Platforms, Farm Management Software, AI-Based Prediction Tools, Image Processing Software
3) By Services: Consulting Services, System Integration Services, Maintenance And Support Services
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Which Key Trends Are Driving Changes In The Artificial Intelligence (AI) In Agriculture Market?
Leading in innovation is a crucial trend for the growth of the artificial intelligence (AI) in agricultural markets. Major businesses in this sector devote their resources to creating innovative products such as pioneering platforms that upgrade yield predictions, refine decision-making, and advocate for environmental-friendly farming methods. The term "pioneering platform" refers to an inventive setup or technology that revolutionizes processes in a field, establishing new benchmarks and encouraging continuous progress. It typically caters to neglected needs while bringing about unique solutions. For instance, in September 2024, CommodiTrack, an advanced platform, was introduced by Helios AI, a software firm based in the US. This platform amalgamates holistic climate risk data and anticipative analytics to bolster the strength of the agrifood supply chain. It equips users with implementable information, permitting them to promptly adapt to market fluctuations and disturbances.
Who Are the Key Players in the Artificial Intelligence (AI) In Agriculture Market?
Major companies operating in the artificial intelligence (AI) in agriculture market include:
• Google LLC
• Microsoft Corporation
• IBM Corporation
• Bayer AG
• John Deere
• Oracle Corporation
• CNH Industrial N.V.
• Wipro Limited.
• Valmont Industries Inc.
• Raven Industries Inc.
• Climate LLC
• Granular Inc.
• Ag Leader Technology Inc.
• FarmWise Labs Inc.
• Taranis
• Ceres Imaging
• AgEagle Aerial Systems Inc.
• PrecisionHawk
• Descartes Labs Inc.
• Farmobile LLC
• AppHarvest
• Farmers Edge Inc.
• Iron Ox
• Prospera Technologies
• aWhere Inc.
• Agribotix
• Abundant Robotics
• Agworld
• Harvest Croo Robotics
• Gamaya SA
• Tule Technologies
What Is The Most Dominant Region In The Artificial Intelligence (AI) In Agriculture Market?
North America was the largest region in the artificial intelligence (AI) in agriculture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
