Asia Pacific Artificial Intelligence in Agriculture Market
No. of Pages: 90 | Report Code: BMIRE00030617 | Category: Technology, Media and Telecommunications
No. of Pages: 90 | Report Code: BMIRE00030617 | Category: Technology, Media and Telecommunications
The Asia Pacific artificial intelligence in agriculture market was valued at US$ 356.33 million in 2022 and is expected to reach US$ 1,876.98 million by 2030; it is estimated to record a CAGR of 23.1% from 2022 to 2030. Potential Growth Opportunities in Developing Countries Boost Asia Pacific Artificial Intelligence in Agriculture Market
Developing countries confront particular issues in agriculture, including limited resources, small landholdings, insufficient water, and a lack of access to technology and credit. Climate change has resulted in increased droughts, floods, and insect infestation. Difficulty in connecting to markets and receiving fair pricing for crops. In response to these challenges, various governments across developing countries are focusing on AI in agriculture. AI has the potential to address these issues while dramatically increasing agricultural output and sustainability in developing countries. Several global organizations are taking various initiatives. For example, AI4AI intends to scale digital agriculture through public-private partnerships and reach one million farmers worldwide by 2027. Under the public-private partnership, the government across the world has taken several steps. For example, the Public-Private Partnerships for Digital Transformation of Agriculture project intends to strengthen policy recommendations for Agriculture 4.0 frameworks using data from pilots established since 2021. The goal is to achieve 100 cases and assess their appropriateness for new crops, such as plantain, cape gooseberry, and palm, in addition to historical crops, including cocoa, coffee, and avocado.
Another example is India, which is focusing on scaling digital agriculture. For example, the Government of India is collaborating with the corporate sector, industry, and farmer organizations. Agri Stack is the government's digital foundation for bringing multiple stakeholders together to promote agriculture in India and enable improved outcomes and results for farmers through the use of data and digital services. In 2022, India led multi-stakeholder discussions in six working groups to make recommendations on Public-Private Partnerships in Digital Agriculture. Thus, such initiatives by developing economies are anticipated to create several opportunities for AI in agriculture market.Asia Pacific Artificial Intelligence in Agriculture Market Overview
The Asia Pacific AI in agriculture market is segmented into Australia, India, China, Japan, South Korea, and the Rest of Asia Pacific. According to the theme chapter of the Asian Development Outlook 2021 Update, 76% of the poor people live in rural regions; increasing agricultural output and income is critical to eliminating poverty. Thus, governments across the region are taking initiatives to transform agriculture to make it more climate-proof and modern. For example, in December 2023, China developed its first domestically designed unmanned vertical plant factory in Chengdu. The team at the Institute of Urban Agriculture (IUA) and the Chinese Academy of Agricultural Sciences (CAAS) deployed robots that can produce and harvest a lettuce crop in 35 days. This artificial intelligence-based control system uses cutting-edge technology and algorithms to monitor, analyze, and change important environmental factors within the vertical farming operation.
Several players across the region are taking strategic initiatives such as partnerships and collaborations to provide AI-enabled farming. For example, in November 2022, Syngenta and Plantix, an image recognition company, announced a partnership that to offer AI-enabled digital farming tools to at least half a million smallholder farmers in Asia Pacific. The partnership provides smallholder farmers access to a worldwide database of over 50 crops and 500 illnesses, available via Syngenta's Cropwise Grower app for farmers. The app harnesses the power of data to safeguard crop yields by providing on-demand advice on agricultural best practices and crop protection solutions. Cropwise Grower uses AI to allow farmers to snap a photo of a crop problem and identify crop pests and illnesses in real-time with 93% accuracy. The Plantix algorithms analyze the image to determine the problem and make a recommendation. Thus, such developments across the Asia Pacific propel the AI in agriculture market.
Asia Pacific Artificial Intelligence in Agriculture Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Asia Pacific Artificial Intelligence in Agriculture provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Artificial Intelligence in Agriculture refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report Asia Pacific Artificial Intelligence in Agriculture Strategic Insights
Get more information on this report Asia Pacific Artificial Intelligence in Agriculture Report Scope
Report Attribute
Details
Market size in 2022
US$ 356.33 Million
Market Size by 2030
US$ 1,876.98 Million
Global CAGR (2022 - 2030)
23.1%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Component
By Application
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
Get more information on this report Asia Pacific Artificial Intelligence in Agriculture Regional Insights
Get more information on this report Asia Pacific Artificial Intelligence in Agriculture Market Segmentation
The Asia Pacific artificial intelligence in agriculture market is categorized into components, application, and country.
Based on component, the Asia Pacific artificial intelligence in agriculture market is categorized into hardware, software, and services. The software segment held the largest market share in 2022.
In terms of application, the Asia Pacific artificial intelligence in agriculture market is categorized into precision farming, drone analytics, agriculture robots, livestock monitoring, and others. The precision farming segment held the largest market share in 2022.
By country, the Asia Pacific artificial intelligence in agriculture market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific artificial intelligence in agriculture market share in 2022.
Tule Technologies Inc, Deere & Co, International Business Machines Corp, and Microsoft Corp are some of the leading companies operating in the Asia Pacific artificial intelligence in agriculture market.
1. Tule Technologies Inc
2. Deere & Co
3. International Business Machines Corp
4. Microsoft Corp
The Asia Pacific Artificial Intelligence in Agriculture Market is valued at US$ 356.33 Million in 2022, it is projected to reach US$ 1,876.98 Million by 2030.
As per our report Asia Pacific Artificial Intelligence in Agriculture Market, the market size is valued at US$ 356.33 Million in 2022, projecting it to reach US$ 1,876.98 Million by 2030. This translates to a CAGR of approximately 23.1% during the forecast period.
The Asia Pacific Artificial Intelligence in Agriculture Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Artificial Intelligence in Agriculture Market report:
The Asia Pacific Artificial Intelligence in Agriculture Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Artificial Intelligence in Agriculture Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Artificial Intelligence in Agriculture Market value chain can benefit from the information contained in a comprehensive market report.
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