A new market research report by MarketsandMarkets reveals a boost in the value of innovation for the agriculture market. The Artificial Intelligence in Agriculture Market by Technology to 2026 global forecast report reveals that the sector will projected to reach $4 billion by 2026, at a CAGR of 25.5 percent between 2020 and 2026.
The market growth is driven by the increasing implementation of data generation through sensors and aerial images for crops, increasing crop productivity through deep-learning technology, and government support for the adoption of modern agricultural techniques.
The increasing use of computer vision technology for agriculture applications, such as plant image recognition and continuous plant health monitoring and analysis, is one of the major factors contributing to the growth of the computer vision segment. The other factors include higher adoption of robots and drones in agriculture farms and increasing demand for improved crop yield due to the rising population. Computer vision allows farmers and agribusinesses alike to make better decisions in real-time.