AI in Agriculture Market: Rising Demand for Autonomous Equipment to Drive the Demand
The competitive landscape for the use of artificial intelligence in agriculture market establishes an inclination of AI agriculture companies toward adopting strategies such as collaborations, joint ventures, product launches.
By: BIS Research
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The concerns and pressure on the agriculture industry factored by the increasing demand for global food production prompt the farmers to enhance farm profitability despite slowing yield trends in several staple crops. As advancements in technologies across end-user industries lead to an efficient world, agriculture industry too is gradually incorporating smart technologies on farms for profitable farming. The introduction of information and communication technologies and advancements therein in since the past decade, the agriculture industry has witnessed a revolution. Professionals and experts of the industry across the world are comparing this revolution with the revolution in the previous century when new farm equipment and machinery, pesticides, fertilizers, and high-yield crop breeds led to a dynamic growth in the crop production around the globe.
As agriculture becomes a lucrative high-technology industry, professionals with new-age skill sets, companies, and investing bodies are being drawn in rapidly. The development in smart agriculture technologies has led to not only advancements in production capabilities of farmers it has also introduced transformative business models in the industry.
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The competitive landscape for the agriculture technology-as-