Artificial Intelligence in Agriculture Market Size, Share, Growth Analysis, By Technology (Machine Learning, Computer Vision), By Offering, By Application, By Deployment Mode, By End User, By Region - Industry Forecast 2024-2031

Global Artificial Intelligence in Agriculture Market size was valued at USD 1.82 billion in 2022 and is poised to grow from USD 2.23 billion in 2023 to USD 11.39 billion by 2031, growing at a CAGR of 22.6% during the forecast period (2024-2031).

The Global Artificial Intelligence in Agriculture Market is currently experiencing a remarkable surge, revolutionizing the agricultural landscape with cutting-edge technologies. AI-powered solutions are reshaping traditional farming practices, optimizing efficiency, and augmenting production capabilities. Presently, farmers worldwide are embracing AI-driven tools and techniques to streamline various processes, encompassing crop monitoring, pest detection, and yield forecasting. Real-time data analytics facilitated by AI aids in making well-informed decisions, thereby reducing resource wastage and enhancing crop yields. The integration of drones and autonomous robots equipped with AI algorithms enables precise and targeted crop management, optimizing the use of fertilizers and pesticides. Additionally, AI-powered agricultural machinery further enhances productivity while reducing labor costs. The adoption of AI chatbots and virtual assistants assists farmers in obtaining valuable insights, weather forecasts, and market trends, fostering better planning and risk management. As AI in agriculture continues to evolve, its applications extend to genomics and crop breeding, leading to the development of superior, resilient plant varieties. Despite its substantial growth, challenges such as data privacy, high implementation costs, and limited access to advanced technology in certain regions remain present. Nevertheless, the future holds promising prospects for the global market as the agriculture industry increasingly embraces the transformative potential of artificial intelligence in its quest for sustainable and efficient practices.

US Artificial Intelligence in Agriculture Market is poised to grow at a sustainable CAGR for the next forecast year.