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Artificial Intelligence in Agriculture Market Size Worth $4.2 Bn by 2028 | AI in Agriculture Industry Expected CAGR 25.1% | Vantage Market Research



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WASHINGTON, Feb. 02, 2023 (GLOBE NEWSWIRE) — Vantage Market Research analyses that the Artificial Intelligence (Al) in Agriculture Market is expected to reach $ 4.2 Billion by 2028, which is $ 1.1 Billion in 2022, at a CAGR of 25.1% during the forecast period.

Vantage Market Research has recently published comprehensive business research on Artificial Intelligence in Agriculture Market including historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. Al in Agriculture Market research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps us understand how to connect with customers, how to stack up against the competition, and how to plan the next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers. For many businesses, Artificial Intelligence in Agriculture Market report acts as a key component in developing marketing strategy by providing a fact-based foundation for estimating sales and profitability.

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Al in Agriculture Market Overview

According to Vantage Market Research, some of the key factors anticipated acceleratingthe Al in agriculturemarket growth over the forecast period.The rise in the market for agriculture-related artificial intelligence can be attributed to the expanding use of information management systems and cutting-edge technologies for increasing agricultural yield using deep learning techniques. To meet the growing demand for food on a global scale, increased agricultural output is also necessary.

We forecast that the machine learning category in Al in agriculturemarketsales will account for more than 30% of total sales by 2028. To increase farm productivity and gain a competitive edge in business operations, agricultural organizations and farmers worldwide are embracing machine learning-enabled solutions in significant numbers. The use of machine learning in various agricultural practices is anticipated to grow rapidly in the upcoming years.

North America dominates Al in the agriculture market, and this trend of dominance will continue throughout the projection period. The market is anticipated to expand further due to the region’s booming artificial intelligence market and top-tier industrial automation industry. North America is characterized by its expanding purchasing power, ongoing automation, significant IoT investments, and growing government focus on developing domestic A.I. equipment.

Top Players in the Global Al in Agriculture Market

  • I.B.M. Corporation (U.S.)
  • Microsoft Corporation (U.S.)
  • Bayer AG (Germany)
  • Google L.L.C. (U.S.)
  • John Deere & Company (U.S.)
  • A.A.A Taranis Visual Ltd. (Israel)
  • AgEagle Aerial Systems Ltd. (U.S.)
  • Gamaya SA (Switzerland)
  • AGCO Corporation (US)
  • A.G. Leader Technology (U.S.)
  • Trimble Inc. (U.S.)
  • Granular Inc. (U.S.)
  • Raven Industries Inc. (U.S.)

For Additional Information on Al in Agriculture Market Players and Detail List, Download a Report PDF Brochure

Market Dynamics

Increased Use of Smart Sensors in Agriculture:

The rising usage of smart sensors in agriculture is a key trend in the A.I. in the agriculture market. Thanks to sensor-based technology, farmers can precisely map their fields, track crop treatment items, and administer them where needed. Farmers gain from the development of various operations explicit sensors, including soil moisture sensors, position sensors, airflow sensors, and weather sensors, which help them monitor and maximize their yields while also allowing them to adjust to changing environmental factors.

Shortage of Labour:

For several reasons, there has been a dramatic decrease in the workforce worldwide. Automated agricultural operations are emerging due to this decline, linked to a lack of skilled workers, elderly farmers, and young people’s disinterest in farming as a profession. As a result, governmental and private institutions are being driven by the trend of a declining workforce in agriculture to focus on automating operations by using artificial intelligence technologies in the industry.

Increased Adoption of Agricultural Drones:

Drones with hyperspectral, multispectral, or thermal sensors can spot locations that need their irrigation schedules changed. Once crops have begun to grow, these sensors may use the heat signature of the crop to generate the vegetation index, an AI-based indication of health. Although chemical spraying is unpopular, it is a necessary component of industrial agriculture. Fortunately, intelligent farming drones are minimizing their negative environmental effects. Sprayers and other specialized UAV (Unmanned Aerial Vehicle) technology, including lasers and ultrasonic echoing devices, can measure distance with extreme precision. As a result, there is a significant decrease in the overall amount of spray and chemicals that enter the groundwater.

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Recent Developments

  • May 2022: AGCO acquired JCA Industries to increase engineering and software development capabilities and to accelerate the development of highly automated and autonomous machines.
  • April 2022: Deere & Company and GUSS Automation formed a joint venture with an LLC in Kingsburg, Calif. Global Unmanned Spray System (GUSS) is a pioneer in semi-autonomous sprayers for orchards and vineyards.
  • March 2022: As demand for industry-leading Ag Tech accelerates, Raven’s facilities expansions in Arizona and South Dakota are likely to enhance the development in AI, autonomy, Machine Learning, and core technology.

Top Trends in Global Al in agriculture Market

  • One trend that Vantage Market Research (V.M.R.) expects to see in the Al in the agriculture industryis yield production. A further area in which A.I. can benefit farmers is yield prediction. Artificial intelligence algorithms can forecast future yields for farmers by examining previous data and the current environment. Farmers who plan their production with the aid of this knowledge can make sure they have the right resources available when they’re needed.
  • Another trend that V.M.R. predicts will continue in the Al agriculture industryis rising precision farming. Precision farming is a method of farming that uses cutting-edge technology to maximize harvests. This entails using sensors and data analysis to understand better and manage crops, soil, water, and other resources. Precision farming is greatly aided by artificial intelligence (A.I.), which may provide farmers access to real-time data about their crops and fields.

Top Report Findings

  • Based on type, most of the Al in the agricultureMarket’s revenue is controlled by the product category.A significant portion is anticipated to be allocated for agricultural input/output software (AISO) providers in the products, which is dominated by machine learning for crop scouting and yield prediction.
  • Based on technology, the machine learning category dominated Al in the agriculture market, and this trend is anticipated to continue. Agricultural organizations and farmers widely use machine learning-enabled solutions worldwide to increase farm production and gain a competitive edge in market operations.
  • Based on application, the precision farmingcategory dominated Al in the agriculture market, and this trend is anticipated to continue. Due to the growing demand for optimum yield from the limited resources available and for lowering crop production costs, the precision farming technique is becoming more and more well-known among farmers.

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Machine LearningCategory inAl in Agriculture Market to Generate Over 30% Revenue

Al in agriculture is an expensive investment. Vantage Market Research has analyzed the market for Al in agriculture to understand its current state and potential future growth factors. For better understanding, based on technologyAl in agriculturemarketis divided into:machine learning, predictive&analytics and computer vision.

During the forecast period, the market for Al in agriculture is anticipated to experience the highest CAGR for the machine learningcategory. Machine learning is pervasive throughout the entire growing and harvesting cycle. A seed is planted in the ground, the soil is prepared, seeds are bred, water feed is measured, and the harvest is picked up by robots that use computer vision to assess ripeness.

On the other hand, the predictive& analyticscategory is anticipated to grow significantly over the forecast period.Predictive analytics is one of the most intriguing technologies being utilised, modified, and developed right now. Predictive &analytics comprise numerous statistical methods, including modeling, machine learning, and data mining.

Browse market data Tables and Figures spread through 145 Pages and in-depth TOC on Al in Agriculture Market Forecast Report (2022-2028).

Global Al in Agriculture Market Segmentation

By Type

  • Product
  • Service

By Application

  • Machine Learning
  • Predictive Analytics
  • Computer Vision

By Application

  • Precision Farming
  • Agricultural Robots
  • Livestock Monitoring
  • Drone Analytics

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Scope of the Report:

Report Attributes Details
Market Size in 2021 USD 1.1 Billion
Revenue Forecast by 2028 USD 4.2 Billion
CAGR 25.1% from 2022 to 2028
Base Year 2021
Forecast Year 2022 to 2028
Key Players IBM Corporation, Microsoft Corporation, Bayer AG, Google LLC, John Deere & Company, A.A.A Taranis Visual Ltd., AgEagle Aerial Systems Ltd., Gamaya SA, AGCO Corporation, AG Leader Technology, Trimble Inc., Granular Inc., Raven Industries Inc.
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

Regional Analysis

  • Europe is estimated to account for the largest market growth due to their farmers manage almost half of the land area for agriculture and it makes dominant industry in Europe. Trend in observing and reporting utensils for indoor and outdoor farms, and delivering a visualization of the farmer’s intact production using computer vision and AI are increasing the AI market in agriculture. The European Soil Data Centre (ESDAC) is the thematic center for soil associated data in Europe, where its goal is to be the single reference point for and to host all appropriate soil data and statistics at European level. AI firms are handling ‘Internet of the Soil’, which is a software and hardware solution for observing soil conditions like humidity, temperature, electrical conductivity, and more in European countries.
  • North America region dominates the artificial intelligence (AI) in agriculture market and will continue to flourish its trend of dominance during the forecast period. This is because of the increasing expenditure for research and development proficiencies in this region and strong dominance in artificial intelligence in this region. Asia-Pacific region is projected to undergo substantial during the forecast period and will score the highest CAGR owing to the surging adoption of connected devices technology by the agricultural industry.

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We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies.

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Artificial Intelligence

Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research




BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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Artificial Intelligence

Savory & Partners: Digital Nomad Visas Sparking a Migration Boom




DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.

A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Artificial Intelligence

Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research




The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

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Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Forecast Period
Base Year
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
10.9 %
No. of Pages in Report
Segments covered
Range, End User, Distribution Channel, and Region
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Less adoption in developing markets
Regular maintenance and repair costs
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The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
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Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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