The global AI in agriculture market is anticipated to grow at a CAGR of 26.1% during the forecast period. The global population is rapidly increasing, which has increased the requirement and demand for bringing AI in agriculture industry. Limited availability of arable land coupled with increased food production is driving the adoption and integration of AI in agriculture. AI techniques used for farming increase the productivity of crops. Farmers are adopting AI technology for farming in order to increase production and profit. Thus, key market players are focusing on launching various AI technology for agriculture such as agriculture robotics for farms catering to the rising demand. For instance, in June 2022, Small Robot Company (SRC), a British agri-tech start-up company, announced to launch of agricultural robots at around 50 farms in the financial year 2022-2023. The robotic solution developed by the company involves two parts, first is a Tom, a plant monitoring robot, which monitors the individual water droplets on a plant’s leaves. Another part involved is Wilma, the company’s AI advice engine. The robot Tom autonomously maps and monitors fields of crops with its six onboard cameras and understand the position of the crops in the field. Additionally, Tom is able to give a ground sample distance of 0.39 mm per pixel and is able to search for early signs of disease outbreaks. On contrary, Wilma uses the information gathered by Tom to create treatment maps and advise farmers what action should be taken based on the information about individual plant.
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Apart from this, in February 2022, Naio Technologies, a French-based company that provides robots for easier farming launched the Orio agriculture robot, a multi-task robot. The product was selected among the top 10 new products at the recognized World Ag Expo 2022. The robot collects data for smart farming and offers various services to farmers. Additionally, Orio is GPS and camera guided, equipped with multiple sensors running on an algorithm based on artificial intelligence, and offers a high precision weeding.
Global AI in Agriculture Market Report Segment
By Technology
- Computer Vision
- Predictive Analytics
By Offering
- Software
- Hardware
- Services
By Application
- Precision Farming
- Livestock Monitoring
- Drone Analytics
- Agriculture Robots
- Others
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Artificial Intelligence (AI) in Agriculture Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· A.A.A Taranis Visual Ltd.
· AgEagle Aerial Systems Inc.
· aWhere Inc.
· Descartes Labs, Inc.
· ec2ce
· Farmers Edge Inc.
· Granular, Inc
· International Business Machines Corp.
· John Deere Group
· Microsoft Corp.
· PrecisionHawk, Inc.
· Prospera Technologies Ltd.
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