Precision Farming to Dominate India AI in Agriculture Market until 2025
Growing initiatives by the
government for supporting adoption of modern agricultural techniques to drive
the growth of India AI in agriculture market.
According to
TechSci Research report, “India AI in Agriculture
Market By Technology (Machine Learning, Predictive
Analytics and Computer Vision), By Offering (Hardware, Software and
AI-As-A-Service), By Application (Precision Farming, Livestock Monitoring,
Others), By Region, Competition, Forecast & Opportunities, 2025” the India AI in agriculture market is expected to grow at a formidable during
forecast period owing to the increase in the adoption of cattle face
recognition technology and surging use of unmanned aerial vehicles (UAVs)
across agricultural farms. Additionally, increasing use and growing need of
better yield of products are further propelling the market. However, high cost of
cutting-edge AI technologies and lack of awareness regarding the use of AI in
agriculture amongst end users can hamper the growth of market during forecast
period. Additionally, lack of standardization in data collection and lack or
improper sharing of data can further restrict the growth of market during
forecast period.
Browse XX market data Tables and XX Figures spread through XX Pages and an in-depth TOC on " India AI in Agriculture Market"
The India
AI in agriculture market is segmented based on technology, offering,
application, company and regional distribution. Based on technology, the market
can be fragmented into machine learning, predictive analytics and computer
vision. The predictive analytics technology segment is expected to witness
significant growth during the forecast period since the technology helps
farmers in improving their crop yield and product quality by analyzing and
associating large amount of structured and unstructured data from multiple
sources to abstract actionable visions to enhance yield. Based on offering, the
market can be segmented into hardware,
software and AI-as-a-service. The hardware segment is expected to register
highest CAGR during the forecast period owing to the increasing demand for
processors and data storage devices for farm operations. Based on application,
the market can be fragmented into precision farming, livestock monitoring and
others. The precision farming segment is expected to dominate the market during
the forecast period. This can be ascribed to the increasing popularity of
precision farming among the farmers as a result of increasing need for optimum
yield production with limited available resources resulting in cost reduction
of crop production. Additionally, the rapid use of IoT in agriculture sector is
further contributing to the growth of the precision farming market.
IBM Corporation,
John Deere India Private ltd, Microsoft Corporation, Intel, SatSure, Fasal,
Aibono, Gobasco, Cropin, Intello Labs and others and others are some of the
leading players operating in India AI in agriculture market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“India AI in agriculture
market is expected to witness significant growth during the forecast period owing
to the increasing adoption of artificial intelligence -enabled solutions and
services by agriculture-technology-based companies, increasing adoption of the
robotics and IoT devices in agriculture, among others. Additionally, supportive
regulations and standards in the country encourage the implementation of modern
techniques in farming. For instance, in July 2019, the Government of India
began the use of artificial intelligence for yield estimation and crop cutting
to cut down the cost of farming and increasing productivity.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India AI in Agriculture Market By Technology
(Machine Learning, Predictive Analytics and Computer Vision), By Offering
(Hardware, Software and AI-As-A-Service), By Application (Precision Farming,
Livestock Monitoring, Others), By Region, Competition, Forecast &
Opportunities, 2025” has evaluated
the future growth potential of India 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 India AI in agriculture market.
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