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Explore IndustryAI in agriculture: Using data and equipment such as smart drones, autonomous tractors, soil sensors, and AI in agriculture helps farmers achieve efficiency. Agr...
According to Markets and Markets, investment in AI technologies and solutions in agriculture is expected to increase from $1 billion in 2020 to $4 billion in 2026, representing a 25.5 percent compound annual growth rate (CAGR).
The market for AI in agriculture was worth $852.2 million in 2019, and it is predicted to grow to $8,379.5 million by 2030, with a CAGR of 24.8 percent from 2020 to 2030.
In 2019, artificial intelligence will be used primarily on the field, livestock, and indoor farming.
With more than 60% market share, field farming is the most common farming type where AI is utilized in agriculture.
The adoption rate of artificial intelligence in agriculture has transformed the overall result of farming activities, with most agricultural startups using AI-enabled ways to boost agricultural output efficiency.
Let's look at how AI will affect agriculture in the future.