DUBLIN--(BUSINESS WIRE)--The "US Artificial Intelligence in Agriculture Market (2022-2027) by Offerings, Technology, Applications, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The US Artificial Intelligence in Agriculture Market is estimated to be USD 248.12 Mn in 2022 and is projected to reach USD 528.14 Mn by 2027, growing at a CAGR of 16.31%.
Market dynamics are forces that impact the prices and behaviors of the US Artificial Intelligence in Agriculture Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Company Profiles
Some of the companies covered in this report are A.A.A Taranis Visual Ltd, ASUSTek Computer Inc, Autonomous Tractor Corp, aWhere Inc, Connecterra B.V., etc.
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario.
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score.
The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the US Artificial Intelligence in Agriculture Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company.
The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the US Artificial Intelligence in Agriculture Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Market Dynamics
Drivers
- Increasing Strain on Food Supply Owing to the Rising Population
- Increasing Implementation of Data Generation through Sensors and Aerial Images for Crops
- Increasing Crop Productivity through Deep Learning Technology
- Government Support to Adopt Modern Agricultural Techniques
Restraints
- High Cost of Gathering Precise Field Data
- Lack of Awareness about AI Among Farmers
Opportunities
- Use of AI Solutions to Manage Small Farms
- Increased in R & D for Plant Gene Editing
Challenges
- Lack of Standardization
- Limited Availability of Historical Data
Market Segmentations
- By Offerings, the market is classified into Hardware, Software, AI, As-A-Service, and Services.
- By Technology, the market is classified into Machine Learning, Computer Vision, and Predictive Analytics.
- By Applications, the market is classified into Precision Farming, Livestock Monitoring, Drone Analytics, Agriculture Robots, Labor Management, and Others.
Company Profiles
- A.A.A Taranis Visual Ltd
- ASUSTek Computer Inc
- Autonomous Tractor Corp
- aWhere Inc
- Connecterra B.V.
- CropX Inc
- Deere & Company
- Descartes Labs Inc
- FarmBot Inc
- Farmers Edge Inc
- Granular Inc
- Harvest CROO Robotics LLC
- IBM
- Microsoft Corp
- Precision Hawk Inc
- The Climate Corp
- Tule Technologies Inc
For more information about this report visit https://www.researchandmarkets.com/r/nznzn0
