United States AI In Agriculture Market Took Up About 42.96% The Global Market In 2017, While Europe Was About 22.67%
Friday, 15 Nov, 2019
Artificial Intelligence (AI) in Agriculture is mainly used for three applications: Precision Farming, Livestock Monitoring, Drone Analytics, Agriculture Robots, Others. And Precision Farming was the most widely used area which took up about 35.6% of the global total in 2018. However, in the future, Agriculture Robots will occupy more share.
The global Artificial Intelligence (AI) in Agriculture market is valued at 326 million USD in 2018 and is expected to reach 995 million USD by the end of 2024, growing at a CAGR of 25% between 2018 and 2024. Overall, the market is positive, with more small companies appearing.
United States is the largest consumption countries of Artificial Intelligence (AI) in Agriculture in the world in the past few years and it will keep leader position in the next few years. North America market took up about 45.2% the global market in 2018, while Europe was about 24.7%.
USA is now the key developers of Artificial Intelligence (AI) in Agriculture; most companies are in USA. Others are in Europe, China and India.
IBM, Granular, John Deere, The Climate Corporation and Vision Robotics are the key suppliers in the global Artificial Intelligence (AI) in Agriculture market. Top 5 took up about 46.5% of the global market in 2018.