South & Central America Artificial Intelligence in Agriculture Market
No. of Pages: 90 | Report Code: BMIRE00030618 | Category: Technology, Media and Telecommunications
No. of Pages: 90 | Report Code: BMIRE00030618 | Category: Technology, Media and Telecommunications
The South & Central America artificial intelligence in agriculture market was valued at US$ 103.57 million in 2022 and is expected to reach US$ 434.74 million by 2030; it is estimated to record a CAGR of 19.6% from 2022 to 2030. Increasing Need for Real-Time Analytics in Agriculture Bolsters South & Central America Artificial Intelligence in Agriculture Market
Real-time data from agricultural farms enables timely decision-making for preventative measures. AI provides real-time data and insights on soil moisture, crop growth, and weather conditions, which helps farmers make informed decisions about planting, irrigation, and fertilization. For instance, using computer vision to monitor crop growth can help farmers identify issues such as disease and pest infestation early, allowing them to take action before any significant damage. Farmers in South & Central America employ sensors, drones, and soil samples in their farms to collect data related to soil moisture and nutrient levels. Farmers and producers in Brazil use high-tech instruments for data collection and analysis. The collection of the right data provides appropriate calculations and optimization of several operations, allowing more precise agriculture and faster decisions. For carrying out several agricultural operations, such as spraying pest-control chemicals or other compounds, the collection of real-time data is necessary.
The fluctuation in weather conditions has also surged the need for real-time analytics. Real-time weather monitoring assists in precise irrigation, reducing water wastage, and maximizing crop yield. It aids in effective pest control by monitoring weather conditions that favor pests, reducing the need for broad-spectrum pesticides. Thus, the increasing need for real-time analytics in agriculture drives the AI in agriculture market.South & Central America Artificial Intelligence in Agriculture Market Overview
The SAM AI in agriculture market is segmented into Brazil, Argentina, and the Rest of SAM. The countries in SAM have abundant natural resources such as water, soil, and vegetation cover. Moreover, Brazil faces a unique problem in the form of Amazon deforestation, which has garnered unfavorable global attention. Brazil is experiencing tremendous issues such as climate change, workforce constraints, environmental concerns, shifting customer needs, and demand volatility. These elements, taken together, threaten overall Brazil's long-term growth. Brazilian agribusinesses are increasingly relying on digital and genomic breakthroughs to address these critical difficulties. Brazil now has over 1,700 agtech businesses working on novel blockchain, artificial intelligence, and drone technology to boost competitiveness.
Various players in the region are indulging in the launch of several AI technologies for agriculture. For example, in January 2024, DeepAgro launched AI-based crop selective weeder technology, SprAI. SprAI, a selective herbicide, can be sprayed in crop regions to prevent unnecessary waste. When compared to traditional spraying, SprAI technology can reduce pesticide use by 70% and environmental contamination by 45%. Thus, such focus on ag-tech business and the launch of AI-enabled agriculture technology propels the growth of AI in agriculture market.
South & Central America Artificial Intelligence in Agriculture Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the South & Central America 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 South & Central America 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 South & Central America Artificial Intelligence in Agriculture Strategic Insights
Get more information on this report South & Central America Artificial Intelligence in Agriculture Report Scope
Report Attribute
Details
Market size in 2022
US$ 103.57 Million
Market Size by 2030
US$ 434.74 Million
Global CAGR (2022 - 2030)
19.6%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Component
By Application
Regions and Countries Covered
South and Central America
Market leaders and key company profiles
Get more information on this report South & Central America Artificial Intelligence in Agriculture Regional Insights
Get more information on this report South & Central America Artificial Intelligence in Agriculture Market Segmentation
The South & Central America artificial intelligence in agriculture market is categorized into components, application, and country.
Based on component, the South & Central America 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 South & Central America 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 South & Central America artificial intelligence in agriculture market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America artificial intelligence in agriculture market share in 2022.
Deere & Co, Climate LLC, Gamaya SA, International Business Machines Corp, Microsoft Corp, Easytosee Agtech SL, and Taranis are some of the leading companies operating in the South & Central America artificial intelligence in agriculture market.
1. Deere & Co
2. Climate LLC
3. Gamaya SA
4. International Business Machines Corp
5. Microsoft Corp
6. Taranis
7. Easytosee Agtech SL
The South & Central America Artificial Intelligence in Agriculture Market is valued at US$ 103.57 Million in 2022, it is projected to reach US$ 434.74 Million by 2030.
As per our report South & Central America Artificial Intelligence in Agriculture Market, the market size is valued at US$ 103.57 Million in 2022, projecting it to reach US$ 434.74 Million by 2030. This translates to a CAGR of approximately 19.6% during the forecast period.
The South & Central America 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 South & Central America Artificial Intelligence in Agriculture Market report:
The South & Central America 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 South & Central America Artificial Intelligence in Agriculture Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Artificial Intelligence in Agriculture Market value chain can benefit from the information contained in a comprehensive market report.
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