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AI in Agriculture Statistics

Artificial Intelligence is significantly transforming agriculture by enhancing productivity, sustainability, and resource management, with the market projected to grow from USD 1.5 billion in 2023 to USD 10.2 billion by 2032. Key segments include software, hardware, and services, with field farming maintaining the largest market share. Various AI applications and initiatives are being implemented globally to improve farming practices and address food demands.

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0% found this document useful (0 votes)
47 views13 pages

AI in Agriculture Statistics

Artificial Intelligence is significantly transforming agriculture by enhancing productivity, sustainability, and resource management, with the market projected to grow from USD 1.5 billion in 2023 to USD 10.2 billion by 2032. Key segments include software, hardware, and services, with field farming maintaining the largest market share. Various AI applications and initiatives are being implemented globally to improve farming practices and address food demands.

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Sowmya
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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AI in Agriculture

AI in Agriculture
• Artificial Intelligence is revolutionizing
agriculture by optimizing practices, boosting
productivity, and promoting sustainability.
• AI-driven precision farming enhances resource
management, leading to higher yields with
minimal environmental impact.
• AI systems monitor crop and livestock health
for early issue detection and improve supply
chain efficiency for seamless product delivery.
• Despite challenges like data privacy and
adoption, AI has the potential to transform
agriculture into a more efficient and
sustainable industry, addressing global food
demands.
Growth and Key Segments in AI-Driven Agriculture
• AI in Agriculture market is rapidly
expanding, from USD 1.5 billion in 2023
to a projected USD 3.0 billion in 2026.
• Each segment of AI in agriculture shows
consistent growth, highlighting
increasing adoption and investment.
• The pie chart illustrates the pivotal role
of AI in agriculture, with software
solutions and field farming leading the
market, while farm management,
precision farming, and irrigation
monitoring significantly contribute to
enhancing efficiency and sustainability.
The market is expected to reach remarkable figures by 2032, with a total
revenue of USD 10.2 billion, driven by significant contributions from
Machine Learning & Deep Learning, Predictive Analytics, and Computer
Vision, emphasizing the growing importance of AI technologies in the
agriculture sector.
• The Global AI growth highlights
increasing adoption and investment
across diverse components:
• Software: Leading with 45.2%,
showcasing its transformative impact on
agricultural practices.
• Hardware: Holds 24.5%, emphasizing
the essential infrastructure supporting AI
applications.
• Services: Account for 18.0%, reflecting
the demand for expertise in AI adoption.
• AI-as-a-Service: Represents 12.3%,
underlining the rise of scalable, cloud-
based solutions for agribusinesses.
Global AI in Agriculture Market Share – By Farming Type Statistics

• The Global Artificial Intelligence in Agriculture market share, categorized by


farming type, displays a stable distribution between 2019 and 2024.
• Field farming continues to hold the largest share, with 61.1% in 2019 and a
slightly increased 61.5% in 2024, reaffirming its dominance in the industry.
• Livestock farming follows, accounting for 18.1% in 2019 and showing a
modest rise to 19.1% in 2024, indicating a gradual but steady expansion in
this sector.
• Indoor farming maintains its presence with a share of 15.2% in 2019, slightly
decreasing to 15.0% in 2024, remaining a significant segment in AI adoption.
• Lastly, other farming types represented 5.6% in 2019, experiencing a slight
decline to 4.4% in 2024, reflecting a minor shift in focus within the
agricultural AI landscape.
IoT Agriculture Applications
IoT in agriculture boosts efficiency and sustainability by enabling
precise monitoring and control of crops, soil, water, livestock, and
environmental conditions.
Farming Activities and AI Companies
AI in agriculture is transforming farming practices with innovative solutions from
leading companies:
• Weed control: Blue River Technology
• Harvesting & packaging: Harvest CROO Robotics
• Pest & soil defect diagnosis: PEAT
• Soil analysis: Trace Genomics
• Crop health monitoring: SkySquirrel Technologies
• Lettuce thinning: Blue River Technology
• Self-driving tractors: Autonomous Tractor Corp
• Weather, pests, & disease prediction: aWhere
These AI applications enhance efficiency and productivity across various farming
activities.
Key AI in Agriculture Initiatives
• April 2021: US-India AI Initiative (USIAI) launched to enhance food
grain production in India through American AI technology.
• December 2020: USDA and University of California researchers
established an AI-focused institute to advance the food system.
• December 2023: China launched its first AI-driven vertical plant
factory in Chengdu for efficient lettuce farming.
• June 2022: Israel integrated satellite technology and AI to map
agricultural regions, assess soil conditions, and enhance decision-making.
• September 2023: India introduced an AI Chatbot for the PM-KISAN
Scheme to improve efficiency and provide quick responses to farmers.
Smart Agricultural Equipment and Artificial Intelligence

• Drones have gained significant


popularity in Agri-tech for tasks like
crop assessment, imaging, and data
collection.
• Agricultural drone usage constitutes
11 percent of the global drone market.
• By 2027, the global market for
autonomous harvesting equipment is
projected to reach USD 7.7 billion.
• While spraying equipment currently
holds the largest market share, it is
estimated to grow by around 240
percent from 2021 to 2027.
Shaping the Future of Agriculture with AI
• AI is transforming agriculture through
precision, efficiency, and
sustainability.
• With innovative applications like IoT,
predictive analytics, and automated
monitoring, the potential is limitless.
• Overcoming challenges like data
privacy and adoption will pave the
way for a brighter and more
productive agricultural future.
Let’s harness the power of AI to revolutionize agriculture for the generations to come.

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