North America Artificial Intelligence in Agriculture Market Forecast to 2030

At 21.8% CAGR, North America Artificial Intelligence in Agriculture Market is Speculated to be Worth US$ 3,126.97 Million by 2030, says the Research Team

According to the Research Team’ research, the North America artificial intelligence in agriculture market was valued at US$ 644.45 million in 2022 and is expected to reach US$ 3,126.97 million by 2030, registering a CAGR of 21.8% from 2022 to 2030. Robotics and automation in agriculture and growing use of unmanned ariel vehicles (UAVs) in farming are among the critical factors attributed to drive the North America artificial intelligence in agriculture market growth.

Robotics and automation have become essential components of farming and food production processes as the agricultural industry is constantly looking for ways to boost output, enhance efficiency, and decrease waste. Robots have a wide range of applications in agriculture, from complicated jobs such as crop monitoring and soil pH measurement to simpler chores such as harvesting and packing fruits and vegetables and planting seeds. Farmers have begun to experiment with self-contained systems that automate or supplement tasks such as pruning, harvesting, spraying, mowing, and weed eradication. Various committees are conducting research on robotics and automation in agriculture. For example, the Technical Committee for Agricultural Robotics and Automation (AgRA) promotes R&D, standardization, and innovation in robotics and automation to enable efficient, safe, and cost-effective agricultural production. The incorporation of AI technologies into robotic and automation systems improves their capabilities and empowers them to do more complicated jobs. AI gives robots a computer vision to sense, navigate, and calculate their reaction accordingly. Thus, the increasing deployment of AI in robotics and automation is anticipated to remain a trend in the AI in agriculture market.

On the flip side, shortage of technically skilled labor hampers the growth of North America artificial intelligence in agriculture market.

Based on component, the North America artificial intelligence in agriculture market is categorized into hardware, software, and services. The software segment held 65.9% market share in 2022, amassing US$ 424.50 million. It is projected to garner US$ 2,135.97 million by 2030 to register 22.4% CAGR during 2022-2030.

In terms of application, the North America artificial intelligence in agriculture market is segmented into precision farming, drone analytics, agriculture robots, livestock monitoring, and others. The precision farming segment held 39.2% share of North America artificial intelligence in agriculture market in 2022, amassing US$ 252.67 million. It is anticipated to garner US$ 1,195.38 million by 2030 to expand at 21.4% CAGR during 2022-2030.

Based on country, the North America artificial intelligence in agriculture market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 81.0% share of North America artificial intelligence in agriculture market in 2022. It was assessed at US$ 521.87 million in 2022 and is likely to hit US$ 2,567.24 million by 2030, registering a CAGR of 22.0% during 2022-2030.

Key players operating in the North America artificial intelligence in agriculture market are Deere & Co, Climate LLC, International Business Machines Corp, Microsoft Corp, and Taranis, among others.

In November 2022, Microsoft’s research wing, in collaboration with Oxford University, Artificial Technology and Climate Change, Atal incubation center, and Agricultural Development Trust, has launched Microsoft Farmvibes.ai. It will focus on sustainable and cost-effective agricultural practices, utilizing precise scientific techniques and data-driven production.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America artificial intelligence in agriculture market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America artificial intelligence in agriculture market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America artificial intelligence in agriculture market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Artificial Intelligence in Agriculture Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. North America Artificial Intelligence in Agriculture Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Need for Real-Time Analytics in Agriculture
5.1.2 Growing Government Support for Implementation of AI Solution
5.1.3 Growing Use of Unmanned Ariel Vehicles (UAVs) in Farming
5.2 Restraints
5.2.1 Shortage of Technically Skilled Labour
5.2.2 High Implementation Cost of AI in Farming Equipment
5.3 Opportunity
5.3.1 Increasing Smart Farming
5.3.2 Potential Growth Opportunities in Developing Countries
5.4 Future Trend
5.4.1 Robotics and Automation in Agriculture
5.5 Impact of Drivers and Restraints:
6. Artificial Intelligence in Agriculture Market – North America Analysis
6.1 Artificial Intelligence in Agriculture Market Revenue (US$ Million), 2020-2030
6.2 Artificial Intelligence in Agriculture Market Forecast Analysis
7. North America Artificial Intelligence in Agriculture Market Analysis – by Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Software
7.2.1 Overview
7.2.2 Software: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Services
7.3.1 Overview
7.3.2 Services: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Artificial Intelligence in Agriculture Market Analysis – by Application
8.1 Precision Farming
8.1.1 Overview
8.1.2 Precision Farming: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Drone Analytics
8.2.1 Overview
8.2.2 Drone Analytics: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Agriculture Robots
8.3.1 Overview
8.3.2 Agriculture Robots: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Livestock Monitoring
8.4.1 Overview
8.4.2 Livestock Monitoring: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
9. Artificial Intelligence in Agriculture Market – Country Analysis
9.1 North America Artificial Intelligence in Agriculture Market Overview
9.1.1 North America: Artificial Intelligence in Agriculture Market – Revenue and Forecast Analysis – by Country
9.1.1.1 North America: Artificial Intelligence in Agriculture Market – Revenue and Forecast Analysis – by Country
9.1.1.2 United States: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 United States: Artificial Intelligence in Agriculture Market Breakdown, by Component
9.1.1.2.2 United States: Artificial Intelligence in Agriculture Market Breakdown, by Application
9.1.1.3 Canada: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Canada: Artificial Intelligence in Agriculture Market Breakdown, by Component
9.1.1.3.2 Canada: Artificial Intelligence in Agriculture Market Breakdown, by Application
9.1.1.4 Mexico: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Mexico: Artificial Intelligence in Agriculture Market Breakdown, by Component
9.1.1.4.2 Mexico: Artificial Intelligence in Agriculture Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Tule Technologies Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Deere & Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Climate LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Gamaya SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 International Business Machines Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Microsoft Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Prospera Technologies Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Taranis
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 Word Index
13.2 About The the Reporting Teams

LIST OF TABLES

Table 1. Artificial Intelligence in Agriculture Market Segmentation
Table 2. List of Vendors
Table 3. Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 5. Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. North America: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 7. United States: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 8. United States: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 9. Canada: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 10. Canada: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 11. Mexico: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 12. Mexico: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 13. Company Positioning & Concentration
Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. Artificial Intelligence in Agriculture Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Artificial Intelligence in Agriculture Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Artificial Intelligence in Agriculture Market Revenue (US$ Million), 2020-2030
Figure 6. Artificial Intelligence in Agriculture Market Share (%) – by Component (2022 and 2030)
Figure 7. Hardware: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Software: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Services: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Artificial Intelligence in Agriculture Market Share (%) – by Application (2022 and 2030)
Figure 11. Precision Farming: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Drone Analytics: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Agriculture Robots: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Livestock Monitoring: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Others: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. North America: Artificial Intelligence in Agriculture Market, by Key Country – Revenue (2022) (US$ Million)
Figure 17. North America: Artificial Intelligence in Agriculture Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 18. United States: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Canada: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Mexico: Artificial Intelligence in Agriculture Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Heat Map Analysis by Key Players