Global Artificial Intelligence (AI) in Agriculture Industry

April 2021
176 pages
ID: 6030730
Format: PDF
Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Abstract:
- Global Artificial Intelligence (AI) in Agriculture Market to Reach $4 Billion by 2027
- Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) in Agriculture estimated at US$968 Million in the year 2020, is projected to reach a revised size of US$4 Billion by 2027, growing at a CAGR of 22.3% over the analysis period 2020-2027. Software, one of the segments analyzed in the report, is projected to record a 20.9% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 24.8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $289.1 Million, While China is Forecast to Grow at 21.9% CAGR
- The Artificial Intelligence (AI) in Agriculture market in the U.S. is estimated at US$289.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$696.1 Million by the year 2027 trailing a CAGR of 21.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.8% and 19.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.8% CAGR.
- AI-as-a-Service Segment to Record 22% CAGR
- In the global AI-as-a-Service segment, USA, Canada, Japan, China and Europe will drive the 22% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$132.9 Million in the year 2020 will reach a projected size of US$533.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$469.2 Million by the year 2027.

- Select Competitors (Total 36 Featured) -

AgEagle Aerial Systems
aWhere Inc.
Autonomous Tractor Corporation
Cainthus
Connecterra
Cropx Technologies
Deere & Company (John Deere)
Descartes Labs Inc.
ec2ce
Farmbot
Farmers Edge Inc.
Gamaya
Harvest Croo
International Business Machines Corp. (IBM)
Microsoft Corporation
Peat
Precision Hawk
Resson
The Climate Corporation
Trace Genomics
Tule Technologies
Vineview
Vision Robotics

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