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AI in Agriculture Market Trends

  • Report ID: GMI5856
  • Published Date: Apr 2024
  • Report Format: PDF

AI in Agriculture Market Trends

The adoption of personalized farming solutions will be an emerging trend in AI in agriculture industry. AI algorithms will increasingly offer personalized recommendations and solutions tailored to specific farm conditions, crop types, and management practices.
 

For instance, in March 2024, a joint effort involving Purdue University, Cornell University, and the Dale Bumpers National Rice Research Center resulted in the development of a machine-learning model. This model showcases the capability to forecast the impact of changing climate patterns on rice yields. Through variable analysis, including weather dynamics and genetic characteristics, the model offers valuable insights into the resilience of contemporary rice varieties in contrast to their older counterparts.
 

By leveraging machine learning models trained on large datasets, AI-powered platforms will provide farmers with customized insights, prescriptions, and strategies to maximize productivity and sustainability while minimizing resource inputs and environmental impact.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of AI in agriculture reached USD 2.1 billion in 2023 and is set to witness 24% CAGR between 2024 and 2032, attributed to the increasing demand for precision agriculture.

The solution segment is poised to cross USD 11 billion by 2032, led by the need for increased efficiency, sustainability, and productivity in food production.

North America market accounted for 53% revenue share in 2023, owing to the advanced technological infrastructure and the robust research ecosystem, facilitating innovation and development in AI applications.

Climate LLC, Corteva, Descartes Labs, Inc, ec2ce, Gamaya, IBM, Microsoft, PrecisionHawk Inc, Taranis and Valmont Industries.

AI in Agriculture Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 250
  • Countries covered: 25
  • Pages: 260
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