Thailand AI in Agriculture Market to Grow at CAGR of 6.08% through 2029
High penetration of smartphones & internet and
increase in AI startup ecosystem is expected to drive the Thailand AI in
Agriculture Market growth in the forecast period, 2025-2029
According to
TechSci Research report, “Thailand AI in Agriculture Market – By Region, Competition, Forecast & Opportunities, 2019–2029F”,
the Thailand AI in Agriculture Market stood at USD 80.33 Million in 2023 and is
anticipated to project steady growth in the forecast period with a CAGR of 6.08% through 2029. The drivers of
Thailand's AI in Agriculture market are numerous. Technological advancements
and the digitalization of agricultural practices play a key role. The
increasing demand for food, coupled with labor shortages, necessitates
efficient farming practices, which AI provides. Government initiatives to
promote modern agricultural techniques and investment in AI technology also
contribute significantly.
The popularity
of precision farming and the necessity for water and crop management in a
country that is heavily dependent on agriculture further propel the adoption of
AI in this sector. Thailand's
agricultural sector is undergoing a significant transformation with the advent
of Artificial Intelligence (AI). The integration of AI technologies such as
machine learning, robotics, and data analytics into farming practices is
revolutionizing the way agriculture is conducted. This shift towards precision
agriculture is empowering farmers with advanced tools and techniques to
optimize crop production, improve resource management, and enhance overall
efficiency. Recognizing the immense potential of AI, the Thai government has
taken proactive steps to modernize the agricultural sector. As part of the
Thailand 4.0 initiative, which aims to drive economic growth through innovation
and technology, the government is actively promoting the application of AI in
agriculture. This support demonstrates the commitment towards building a
sustainable and efficient agricultural future.
With the
implementation of AI-enhanced farming practices, Thai farmers can benefit from
increased productivity, reduced resource wastage, and improved crop quality.
AI-powered systems can analyze vast amounts of data to provide valuable
insights on weather patterns, soil conditions, and pest management, enabling
farmers to make informed decisions and optimize their operations. The use of AI in agriculture aligns with global sustainability goals. By
minimizing the use of chemicals, optimizing water usage, and reducing
environmental impact, AI-driven farming practices contribute to a more
sustainable and eco-friendly agricultural ecosystem.
As Thailand
continues to embrace AI in agriculture, it is poised to become a leader in the
field. The combination of technological advancements, governmental support, and
a commitment to sustainability positions Thailand's agricultural sector for a
prosperous and resilient future.
Farmers and
agribusinesses in Thailand are also embracing AI. They're using automated
machinery and AI applications to streamline farming operations and increase
crop yield. From automated tractors that can plough fields without human
intervention, to drone technology providing real-time aerial imagery for crop
monitoring, the adoption of AI in Thai agriculture is marked and progressive.
Data analytics,
a subset of AI, is empowering farmers with predictive insights for better
decision-making. Using AI algorithms, farmers can analyze weather patterns,
soil conditions, and crop health data to predict optimal planting and
harvesting periods. This not only increases crop yield but also reduces
resource wastage. While the current scenario is promising, there are challenges
to AI's widespread adoption in Thai agriculture. Many farmers still lack
technological literacy, and there's a need for more affordable AI tools that
small-scale farmers can adopt. Despite these obstacles, the future of AI in
Thailand's agriculture market looks promising. With continued government
support, farmer education, and technological advancements, AI is set to
revolutionize Thai agriculture in the coming years.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Thailand AI in Agriculture Market”
The Thailand AI
in Agriculture Market is segmented into technology, offering, application, regional
distribution, and company.
Based on application, Precision Farming is anticipated to demonstrate the fastest growth in the Thailand AI in Agriculture Market through 2029. Precision farming employs AI technology to increase yields and
efficiency by accurately managing and optimizing agricultural resources. This
technology leverages advanced algorithms and machine learning to enable farmers
to monitor their crops in real-time, analyze intricate details of soil
conditions, optimize irrigation schedules based on crop requirements, and even
predict localized weather patterns. By harnessing the power of AI, farmers can
ensure optimal crop growth, minimize resource wastage, and make data-driven
decisions to enhance overall agricultural productivity and sustainability.
Based on region,
Eastern Thailand is anticipated to demonstrate the fastest growth in the Thailand AI in Agriculture Market through 2029. This is due to
its strategic advantages and innovative approaches. The region is home to
several leading research universities that are driving cutting-edge AI research
and providing a steady stream of skilled graduates. The
government's supportive policies, along with robust digital infrastructure, make
Eastern Thailand an attractive hub for technology startups. Specifically in
agriculture, the application of AI technologies such as predictive analytics,
machine learning, and IoT devices is revolutionizing traditional farming
practices. By leveraging these technologies, farmers in Eastern Thailand are
able to enhance crop yields, optimize water usage, and make data-driven
decisions, thereby gaining a competitive edge in the marketplace. Eastern Thailand has a favorable climate and fertile land for agriculture. This
makes it an ideal location for implementing AI in farming practices. The region
also has a large and diverse agricultural sector, ranging from rice production
to livestock farming, providing opportunities for the implementation of various
AI technologies across different crops and animals.
Major companies
operating in the Thailand AI in Agriculture Market are:
- Microsoft (Thailand) Company
Limited
- Deere & Company (Global
Fleet Sales (Thailand) Ltd.)
- IBM Thailand Company Limited
- True Digital Group Co., Ltd.
- HG Robotics Co., Ltd.
- Varuna (Thailand) Co., Ltd.
- FarmInno (Thailand)
- ATi Technologies Co., Ltd.
- Syngenta Co., Ltd.
- jDrones & Co.
Download Free Sample Report
Customers can
also request 10% free customization on this report
“The future of
Thailand's AI in Agriculture Market is poised for significant growth. As
farmers increasingly adopt technology to increase crop yield and reduce waste,
AI applications are emerging as key tools in this transformation. From
predictive analytics to automate irrigation and fertilization schedules, to
drone technology for precise pest control, AI is paving the way for smarter,
more sustainable farming practices. The government's support for technological
innovation in agriculture also indicates a promising future for AI in this
sector.,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Thailand
AI in Agriculture Market
By Technology (Machine Learning, Computer Vision and Predictive Analytic), By
Offering (Hardware, Software, AI-As-A-Service), By Application (Precision
Farming, Livestock Monitoring, Agriculture Robots, Drone and Others), By Region, Competition, Forecast & Opportunities, 2019-2029F”,
has evaluated the future growth potential of Thailand AI in Agriculture Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Thailand AI in Agriculture Market.
Contact
TechSci
Research LLC
420
Lexington Avenue, Suite 300,
New York,
United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com