1. What is the projected Compound Annual Growth Rate (CAGR) of the Artificial Intelligence (AI) in Precision Farming?
The projected CAGR is approximately 18.1%.
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Artificial Intelligence (AI) in Precision Farming by Type (Machine Learning, Computer Vision, Others), by Application (Experimental Study, Farm Management, Private Planting, Other), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global market for Artificial Intelligence (AI) in Precision Farming is projected to reach USD 577.2 million by 2033, expanding at a CAGR of 18.1% during the forecast period (2023-2033). As per the report of Precedence Research published in October 2022, the growth of the market is attributed to the increasing adoption of AI-powered solutions in agriculture due to the rising global population and the need for sustainable farming practices. AI applications in this domain enable farmers to enhance crop yields, optimize resource utilization, and reduce environmental impact.
Key drivers for the growth of the AI in Precision Farming market include government initiatives promoting the adoption of AI in agriculture, advancements in AI technologies such as machine learning and computer vision, and the growing demand for automated and data-driven farming solutions. Machine learning and computer vision are the dominant segments within the type category, while farm management holds the largest share in the application segment. North America and Europe are the major regional markets, followed by the Asia Pacific and Middle East & Africa. Key industry players include Microsoft, IBM, Intel, SAP, Agribotix, The Climate Corporation, Taranis, aWhere, Precision Hawk, DTN, Resson, Vision Robotics, CropX, John Deere, Gamaya, Cainthus, Harvest Croo Robotics.
The global AI in precision farming market was valued at USD 1.5 billion in 2022 and is expected to reach USD 12 billion by 2028, expanding at a CAGR of 35.6% from 2023 to 2028. AI is revolutionizing agriculture by enabling farmers to optimize crop production, improve resource utilization, and enhance decision-making.
AI in precision farming is gaining traction due to several driving forces:
The report provides a comprehensive analysis of the global AI in precision farming market, including:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 18.1% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 18.1%.
Key companies in the market include Microsoft, IBM, Intel, SAP, Agribotix, The Climate Corporation, Taranis, aWhere, Precision Hawk, DTN, Resson, Vision Robotics, CropX, John Deere, Gamaya, Cainthus, Harvest Croo Robotics, .
The market segments include Type, Application.
The market size is estimated to be USD 577.2 million as of 2022.
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The market size is provided in terms of value, measured in million.
Yes, the market keyword associated with the report is "Artificial Intelligence (AI) in Precision Farming," which aids in identifying and referencing the specific market segment covered.
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