Draught AI Market Trends and Forecast
The future of the global draught AI market looks promising with opportunities in the recreation, sport competition, and training markets. The global draught AI market is expected to grow with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are rapid advancements in machine learning and IoT technology, shifting consumer preferences towards craft beer, and growing demand for automation in brewing.
• Lucintel forecasts that open source is expected to witness higher growth over the forecast period.
• Within this market, recreation is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Draught AI Market
• United States – IBM launched AI-powered irrigation systems for precision farming. Government supports AI in agriculture through grants for water conservation technologies.
• India – Netafim introduced AI-based drip irrigation solutions, aiming for water efficiency in agriculture. Government promotes AI adoption in farming for sustainable development goals.
• Australia – Agersens announced AI-driven virtual fencing for livestock management, focusing on precision grazing practices. Government supports AI innovations in agriculture through research funding.
• Netherlands – Lely introduced AI-enabled robotic milking systems, targeting efficiency and animal welfare in dairy farming. Government supports AI in agriculture through subsidies for innovation in livestock management.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Draught AI Market by Segment
The study includes a forecast for the global draught AI market by type, application, and region.
Draught AI Market by Type [Value from 2018 to 2030]:
• Open Source
• Closed Source
Draught AI Market by Application [Value from 2018 to 2030]:
• Recreation
• Sport Competition
• Training
Draught AI Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Draught AI Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies draught AI companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the draught AI companies profiled in this report include-
• Tesla
• University of Alberta
• University of Hannover
• Kingsrow
• IBM
Recent Development in the Draught AI Market
• IBM: IBM developed AI-powered irrigation systems for precision agriculture, optimizing water usage based on real-time weather and soil data.
• Netafim: Netafim introduced AI-based drip irrigation solutions, leveraging sensors and AI algorithms to deliver water precisely to crops for optimal growth.
• Agersens: Agersens launched AI-driven virtual fencing systems, using GPS and AI to manage livestock grazing patterns without physical barriers.
• Lely: Lely developed AI-enabled robotic milking systems, automating milking processes and improving dairy farm efficiency and animal welfare.
Features of the Global Draught AI Market
Market Size Estimates: Draught ai market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Draught ai market size by type, application, and region in terms of value ($B).
Regional Analysis: Draught ai market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the draught AI market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the draught AI market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for draught AI market?
Answer: The global draught AI market is expected to grow with a CAGR of 10.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the draught AI market?
Answer: The major drivers for this market are rapid advancements in machine learning and IoT technology, shifting consumer preferences towards craft beer, and growing demand for automation in brewing.
Q3. What are the major segments for draught AI market?
Answer: The future of the global draught AI market looks promising with opportunities in the recreation, sport competition, and training markets.
Q4. Who are the key draught AI market companies?
Answer: Some of the key draught AI companies are as follows:
• Tesla
• University of Alberta
• University of Hannover
• Kingsrow
• IBM
Q5. Which draught AI market segment will be the largest in future?
Answer: Lucintel forecasts that open source is expected to witness higher growth over the forecast period.
Q6. In draught AI market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the draught AI market by type (open source and closed source), application (recreation, sport competition, and training), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Draught AI Market, Draught AI Market Size, Draught AI Market Growth, Draught AI Market Analysis, Draught AI Market Report, Draught AI Market Share, Draught AI Market Trends, Draught AI Market Forecast, Draught AI Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.