Agritech Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Biotechnology and Biochemicals, Big Data and Analytics, Sensors and Connected Devices, Mobility, and Other Types) and Application (Irrigation, Production and Maintenance, Supply Chain, and Marketplace), and Geography

Publication Month: Feb 2021 | Report Code: TIPRE00019484 | No. of Pages: 148 | Category: Technology, Media and Telecommunications | Status: Published

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In terms of revenue, the global agritech market was valued at US$ 17,442.7 million in 2019 and is projected to reach US$ 41,172.5 million by 2027; it is expected to grow at a CAGR of 12.1% during the forecast period from 2020 to 2027.

 

The agritech market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. In terms of market share, the North America region dominated the agritech market in 2019. Companies such as AgWorld, AgBiome, Hortau, AeroFarms, Harvest Automation, and Farmers Business Network are engaged in the business of offering agritech related technologies, system, and software, which would help in boosting the market growth. Also, availability of large number of commercial farms and start-ups in the US will further help in fueling the penetration of agritech in the region. North America held the largest revenue share of global agritech market in 2019 and it is anticipated to continue its dominance during the forecast period.

 

Impact of COVID-19 Pandemic on Agritech Market

According to the latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are some of the worst affected countries due to COVID-19 outbreak. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in the year 2020 and likely in 2021. The pandemic has disturbed agriculture businesses and suppliers around the globe. Fresh vegetables and fruit become increasingly scarce in various regions since the COVID-19 pandemic hampers the global movement of agritech market growth.

 

Lucrative Regional Agritech Markets

Lucrative Regional Agritech Markets

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Market Insights–Agritech Market

 

Investments in Sophisticated Agriculture Technologies

With the increase in effective connection between farmers owing to digitalization, the use of state-of-the-art technologies such as IoT and cloud would encourage farmers to adopt advanced agricultural ecosystem. Below mentioned are some of the features provided by agritech- Ag Biotechnology, agribusiness marketplaces, bioenergy & biomaterials, farm management software, sensing & IoT, farm robotics, mechanization & equipment, midstream technologies, and novel farming systems. Agricultural biotechnology, novel farming and farm management systems, and sensing and IoT products are a few prominent technologies attracting massive farm tech investments. Surge in the number of agritech startups and increasing penetration of sensor-based technologies are among the other factors leading to the rise in these tech investments, and thereby influencing the factor growth.

 

Type Segment Insights

Based on type, the biotechnology and biochemicals segment is expected to lead the global agritech market during the forecast period. Several agritech biotechnology and biochemical tools are being used worldwide to boost crop yields, such as next-generation DNA sequencing, RNA interference, synthetic biology tools, biochips, and genome editing tools.

 

Application Segment Insights

Based on application, the production and maintenance is expected to lead the global agritech market during the forecast period. There has been a rise in the adoption of advance monitoring systems to efficiently monitor the production of crops in farms; they also provide useful methods to maintain the crop yielding.

 

Agritech Market, by Application (% share)

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Strategic Insights

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

 

  • In 2020, AeroFarms to build the world largest 90,000 square foot indoor vertical farm in Abu Dhabi, UAE. Abu Dhabi Investment Office (ADIO) invest USD $100 million in AeroFarms, to build facilities in Abu Dhabi.
  • In 2020, AgBiome declared a recent patent directed toward the Connate product line granted in the United States, further strengthening AgBiome’s IP Protection around novel product offerings.
  • In 2019, LettUs Grow, declared that it has secured US$ 1.27 million (£1 million) in funding to build world-leading indoor growing facilities, to help feed the growing global population.

 

The global agritech market has been segmented as follows:

 

Agritech Market – By Type

  • Biotechnology and Biochemicals
  • Big Data and Analytics
  • Sensors and Connected Devices
  • Mobility
  • Other Types

Agritech Market – By Application

  • Irrigation
  • Production and Maintenance
  • Supply Chain
  • Marketplace

Agritech Market- By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Agritech Market – Companies Profiles

  • ARSR Tech
  • AeroFarms
  • Apollo Agriculture
  • Crofarm Agriproducts Pvt Ltd
  • Conservis
  • Indigo Ag, Inc.
  • LettUs Grow Ltd.
  • Pivot Bio
  • AgBiome, Inc.
  • Ceres Imaging

 

1.          Introduction

1.1     Study Scope

1.2     The Insight Partners Research Report Guidance

1.3     Market Segmentation

1.3.1      Agritech Market – By Type

1.3.2      Agritech Market – By Application

1.3.3      Agritech Market- By Region

2.          Key Takeaways

3.          Research Methodology

3.1     Coverage

3.2     Secondary Research

3.3     Primary Research

4.          Agritech Market Landscape

4.1     Market Overview

4.2     PEST Analysis

4.2.1      North America – PEST Analysis

4.2.2      Europe – PEST Analysis

4.2.3      Asia-Pacific – PEST Analysis

4.2.4      Middle East and Africa – PEST Analysis

4.2.5      South America – PEST Analysis

4.3     Ecosystem Analysis

4.4     Expert Opinion

5.          Agritech Market – Key Market Dynamics

5.1     Market Drivers

5.1.1      Growing Agriculture Sector in Different Countries

5.1.2      Investments in Sophisticated Agriculture Technologies

5.2     Market Restraints

5.2.1      Fragmented Agriculture Sector, High Implementation Costs, and Limited Awareness

5.3     Market Opportunities

5.3.1      Increasing Scope of Big Data

5.4     Future Trend

5.4.1      Proliferating Use of Precision Farming

5.5     Impact Analysis of Drivers and Restraints

6.          Agritech Market – Global Analysis

6.1     Agritech Market Global Overview

6.2     Agritech Market – Global Revenue and Forecast to 2027 (US$ Million)

6.3     Market Positioning – Five Key Players

7.          Agritech Market Analysis – By Type

7.1     Overview

7.2     Agritech Market, by Type (2019 and 2027)

7.3     Biotechnology and Biochemicals

7.3.1      Overview

7.3.2      Biotechnology and Biochemicals: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

7.4     Big Data and Analytics

7.4.1      Overview

7.4.2      Big Data and Analytics: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

7.5     Sensors and Connected Devices

7.5.1      Overview

7.5.2      Sensors and Connected Devices: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

7.6     Mobility

7.6.1      Overview

7.6.2      Mobility: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

7.7     Other Types

7.7.1      Overview

7.7.2      Other Types: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

8.          Agritech Market Analysis – By Application

8.1     Overview

8.2     Agritech Market, by Application (2019 and 2027)

8.3     Irrigation

8.3.1      Overview

8.3.2      Irrigation: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

8.4     Production and Maintenance

8.4.1      Overview

8.4.2      Production and Maintenance: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

8.5     Supply Chain

8.5.1      Overview

8.5.2      Supply Chain: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

8.6     Marketplace

8.6.1      Overview

8.6.2      Marketplace: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.          Agritech Market – Geographic Analysis

9.1     Overview

9.2     North America: Agritech Market

9.2.1      North America: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.2.2      North America: Agritech Market, by Type

9.2.3      North America: Agritech Market, by Application

9.2.4      North America: Agritech Market, by Key Country

9.2.4.1     US: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.1.1     US: Agritech Market, by Type

9.2.4.1.2     US: Agritech Market, by Application

9.2.4.2     Canada: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.2.1     Canada: Agritech Market, by Type

9.2.4.2.2     Canada: Agritech Market, by Application

9.2.4.3     Mexico: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.3.1     Mexico: Agritech Market, by Type

9.2.4.3.2     Mexico: Agritech Market, by Application

9.3     Europe: Agritech Market

9.3.1      Europe: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.3.2      Europe: Agritech Market, By Type

9.3.3      Europe: Agritech Market, By Application

9.3.4      Europe: Agritech Market, By Country

9.3.4.1     Germany: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.1.1     Germany: Agritech Market, by Type

9.3.4.1.2     Germany: Agritech Market, by Application

9.3.4.2     France: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.2.1     France: Agritech Market, by Type

9.3.4.2.2     France: Agritech Market, by Application

9.3.4.3     Italy: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.3.1     Italy: Agritech Market, by Type

9.3.4.3.2     Italy: Agritech Market, by Application

9.3.4.4     UK: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.4.1     UK: Agritech Market, by Type

9.3.4.4.2     UK: Agritech Market, by Application

9.3.4.5     Russia: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.5.1     Russia: Agritech Market, by Type

9.3.4.5.2     Russia: Agritech Market, by Application

9.3.4.6     Rest of Europe: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.6.1     Rest of Europe: Agritech Market, by Type

9.3.4.6.2     Rest of Europe: Agritech Market, by Application

9.4     APAC: Agritech Market

9.4.1      APAC: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.4.2      APAC: Agritech Market, By Type

9.4.3      APAC: Agritech Market, By Application

9.4.4      APAC: Agritech Market, By Country

9.4.4.1     Australia: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.1.1     Australia: Agritech Market, by Type

9.4.4.1.2     Australia: Agritech Market, by Application

9.4.4.2     China: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.2.1     China: Agritech Market, by Type

9.4.4.2.2     China: Agritech Market, by Application

9.4.4.3     India: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.3.1     India: Agritech Market, by Type

9.4.4.3.2     India: Agritech Market, by Application

9.4.4.4     Japan: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.4.1     Japan: Agritech Market, by Type

9.4.4.4.2     Japan: Agritech Market, by Application

9.4.4.5     South Korea: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.5.1     South Korea: Agritech Market, by Type

9.4.4.5.2     South Korea: Agritech Market, by Application

9.4.4.6     Rest of APAC: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.6.1     Rest of APAC: Agritech Market, by Type

9.4.4.6.2     Rest of APAC: Agritech Market, by Application

9.5     MEA: Agritech Market

9.5.1      MEA: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.5.2      MEA: Agritech Market, by Type

9.5.3      MEA: Agritech Market, by Application

9.5.4      MEA: Agritech Market, by Key Country

9.5.4.1     South Africa: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.1.1     South Africa: Agritech Market, by Type

9.5.4.1.2     South Africa: Agritech Market, by Application

9.5.4.2     Saudi Arabia: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.2.1     Saudi Arabia: Agritech Market, by Type

9.5.4.2.2     Saudi Arabia: Agritech Market, by Application

9.5.4.3     UAE: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.3.1     UAE: Agritech Market, by Type

9.5.4.3.2     UAE: Agritech Market, by Application

9.5.4.4     Rest of MEA: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.4.1     Rest of MEA: Agritech Market, by Type

9.5.4.4.2     Rest of MEA: Agritech Market, by Application

9.6     SAM: Agritech Market

9.6.1      SAM: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.6.2      SAM: Agritech Market, by Type

9.6.3      SAM: Agritech Market, by Application

9.6.4      SAM: Agritech Market, by Key Country

9.6.4.1     Brazil: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.1.1     Brazil: Agritech Market, by Type

9.6.4.1.2     Brazil: Agritech Market, by Application

9.6.4.2     Argentina: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.2.1     Argentina: Agritech Market, by Type

9.6.4.2.2     Argentina: Agritech Market, by Application

9.6.4.3     Rest of SAM: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.3.1     Rest of SAM: Agritech Market, by Type

9.6.4.3.2     Rest of SAM: Agritech Market, by Application

10.       Agritech Market- COVID-19 Impact Analysis

10.1   Overview

10.2   North America

10.3   Europe

10.4   Asia-Pacific

10.5   Middle East and Africa

10.6   South America

11.       Industry Landscape

11.1   Overview

12.       Company Profiles

12.1   ARSR Tech

12.1.1    Key Facts

12.1.2    Business Description

12.1.3    Products and Services

12.1.4    Financial Overview

12.1.5    SWOT Analysis

12.1.6    Key Developments

12.2   AeroFarms

12.2.1    Key Facts

12.2.2    Business Description

12.2.3    Products and Services

12.2.4    Financial Overview

12.2.5    SWOT Analysis

12.2.6    Key Developments

12.3   Apollo Agriculture

12.3.1    Key Facts

12.3.2    Business Description

12.3.3    Products and Services

12.3.4    Financial Overview

12.3.5    SWOT Analysis

12.3.6    Key Developments

12.4   Crofarm Agriproducts Pvt Ltd

12.4.1    Key Facts

12.4.2    Business Description

12.4.3    Products and Services

12.4.4    Financial Overview

12.4.5    SWOT Analysis

12.4.6    Key Developments

12.5   Conservis

12.5.1    Key Facts

12.5.2    Business Description

12.5.3    Products and Services

12.5.4    Financial Overview

12.5.5    SWOT Analysis

12.5.6    Key Developments

12.6   Indigo Ag, Inc

12.6.1    Key Facts

12.6.2    Business Description

12.6.3    Products and Services

12.6.4    Financial Overview

12.6.5    SWOT Analysis

12.6.6    Key Developments

12.7   LettUs Grow Ltd.

12.7.1    Key Facts

12.7.2    Business Description

12.7.3    Products and Services

12.7.4    Financial Overview

12.7.5    SWOT Analysis

12.7.6    Key Developments

12.8   Pivot Bio

12.8.1    Key Facts

12.8.2    Business Description

12.8.3    Products and Services

12.8.4    Financial Overview

12.8.5    SWOT Analysis

12.8.6    Key Developments

12.9   AgBiome, Inc.

12.9.1    Key Facts

12.9.2    Business Description

12.9.3    Products and Services

12.9.4    Financial Overview

12.9.5    SWOT Analysis

12.9.6    Key Developments

12.10 Ceres Imaging

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.       Appendix

13.1   About The Insight Partners

13.2   Word Index

LIST OF TABLES

Table 1.          Agritech Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.          North America: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.          North America: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 4.          US: Agritech Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 5.          US: Agritech Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 6.          Canada: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 7.          Canada: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 8.          Mexico: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 9.          Mexico: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 10.       Europe Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 11.       Europe Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 12.       Germany Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 13.       Germany: Agritech Market, By Application – Revenue and Forecast to 2027(US$ Million)

Table 14.       France Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 15.       France Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 16.       Italy Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 17.       Italy: Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 18.       UK Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 19.       UK: Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 20.       Russia Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 21.       Russia Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 22.       Rest of Europe Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 23.       Rest of Europe Agritech Sensors, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 24.       APAC: Agritech Market, by Type – Revenue and Forecast to 2027(US$ Million)

Table 25.       APAC: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 26.       Australia: Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 27.       Australia: Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 28.       China: Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 29.       China: Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 30.       India: Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 31.       India: Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 32.       Japan: Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 33.       Japan: Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 34.       South Korea: Agritech Market, By Type– Revenue and Forecast to 2027 (US$ Million)

Table 35.       South Korea: Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 36.       Rest of APAC: Agritech Market, By Type – Revenue and Forecast to 2027 (US$ Million)

Table 37.       Rest of APAC: Agritech Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 38.       MEA: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 39.       MEA: Agritech Market, by Application– Revenue and Forecast to 2027 (US$ Million)

Table 40.       South Africa: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 41.       South Africa: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 42.       Saudi Arabia: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 43.       Saudi Arabia: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 44.       UAE: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 45.       UAE: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 46.       Rest of MEA: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 47.       Rest of MEA: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 48.       SAM: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 49.       SAM: Agritech Market, by Application– Revenue and Forecast to 2027 (US$ Million)

Table 50.       Brazil: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 51.       Brazil: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 52.       Argentina: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 53.       Argentina: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 54.       Rest of SAM: Agritech Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 55.       Rest of SAM: Agritech Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 56.       List of Abbreviation

 

LIST OF FIGURES

Figure 1.        Agritech Market Segmentation

Figure 2.        Agritech Market Segmentation – By Geography

Figure 3.        Global Agritech Market Overview

Figure 4.        Biotechnology and Biochemicals Segment Held the Largest Market Share in 2019

Figure 5.        Production and Maintenance Application Held the Largest Market Share in 2019

Figure 6.        North America was the Largest Revenue Contributor in 2019

Figure 7.        North America – PEST Analysis

Figure 8.        Europe – PEST Analysis

Figure 9.        Asia-Pacific – PEST Analysis

Figure 10.      Middle East and Africa – PEST Analysis

Figure 11.      South America – PEST Analysis

Figure 12.      Agritech Market– Ecosystem Analysis

Figure 13.      Expert Opinion

Figure 14.      Global Agritech Market: Impact Analysis of Drivers and Restraints

Figure 15.      Geographic Overview of Agritech Market

Figure 16.      Global Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.      Agritech Market Revenue Share, by Type (2019 and 2027)

Figure 18.      Biotechnology and Biochemicals: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.      Big Data and Analytics : Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.      Sensors and Connected Devices: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.      Mobility : Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.      Other Types : Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.      Agritech Market Revenue Share, by Application (2019 and 2027)

Figure 24.      Irrigation: Agritech – Revenue and Forecast to 2027 (US$ Million)

Figure 25.      Production and Maintenance: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.      Supply Chain: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.      Marketplace: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.      Global Agritech Market Revenue Share, by Region (2019 and 2027)

Figure 29.      North America: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.      North America: Agritech Market Revenue Share, by Type (2019 and 2027)

Figure 31.      North America: Agritech Market Revenue Share, by Application (2019 and 2027)

Figure 32.      North America: Agritech Market Revenue Share, by Key Country (2019 and 2027)

Figure 33.      US: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.      Canada: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 35.      Mexico: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 36.      Europe: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 37.      Europe: Agritech Market Revenue Share, By Type (2019 and 2027)

Figure 38.      Europe: Agritech Market Revenue Share, By Application (2019 and 2027)

Figure 39.      Europe: Agritech Market Revenue Share, By Country (2019 and 2027)

Figure 40.      Germany: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 41.      France: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 42.      Italy: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 43.      UK: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 44.      Russia: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 45.      Rest of Europe: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 46.      APAC: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 47.      APAC: Agritech Market Revenue Share, By Type (2019 and 2027)

Figure 48.      APAC: Agritech Market Revenue Share, By Application (2019 and 2027)

Figure 49.      APAC: Agritech Market Revenue Share, By Country (2019 and 2027)

Figure 50.      Australia: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 51.      China: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 52.      India: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 53.      Japan: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 54.      South Korea: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 55.      Rest of APAC: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 56.      MEA: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 57.      MEA: Agritech Market Revenue Share, by Type (2019 and 2027)

Figure 58.      MEA: Agritech Market Revenue Share, by Application (2019 and 2027)

Figure 59.      MEA: Agritech Market Revenue Share, by Key Country (2019 and 2027)

Figure 60.      South Africa: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 61.      Saudi Arabia: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 62.      UAE: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 63.      Rest of MEA: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 64.      SAM: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 65.      SAM: Agritech Market Revenue Share, by Type (2019 and 2027)

Figure 66.      SAM: Agritech Market Revenue Share, by Application (2019 and 2027)

Figure 67.      SAM: Agritech Market Revenue Share, by Key Country (2019 and 2027)

Figure 68.      Brazil: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 69.      Argentina: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 70.      Rest of SAM: Agritech Market – Revenue and Forecast to 2027 (US$ Million)

Figure 71.      Impact of COVID-19 Pandemic in North American Country Markets

Figure 72.      Impact of COVID-19 Pandemic in Europe Country Markets

Figure 73.      Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 74.      Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 75.      Impact of COVID-19 Pandemic in South America Country Markets

 

The List of Companies - Agritech Market

  1. ARSR Tech
  2. AeroFarms
  3. Apollo Agriculture
  4. Crofarm Agriproducts Pvt Ltd
  5. Conservis
  6. Indigo Ag, Inc.
  7. LettUs Grow Ltd.
  8. Pivot Bio
  9. AgBiome, Inc.
  10. Ceres Imaging
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global agritech market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global agritech market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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Frequently Asked Questions

North America held the largest revenue share of global agritech market in 2019 and it is anticipated to continue its dominance over the forecast period. In North America, imprints of companies such as AgWorld, AgBiome, Hortau, AeroFarms, Harvest Automation, and Farmers Business Network and many more which are engaged in the business of offering agritech related technologies, system, and software would help in boosting the market growth. Also, availability of large number of commercial farms and start-ups in the US will further help in fueling the penetration of agritech in the region.

Agriculture is anticipated to evolve as a high-tech sector in the coming years, wherein the performance of interconnected systems would be assisted by artificial intelligence (AI) and Big Data facilities. The resulting systems would converge into a single unit, combining farm machinery and management, starting from seeding to production forecasting. Personnel employing Big Data and analytics must consider concrete and specific characteristics of farming to extract valuable information and take effective decisions accordingly. The AI and Big data technologies uses sensors to record weather conditions, crop efficiency, and soil structure. Both Big Data and AI have a potential to optimize productivity and crop management. Thus, increasing scope of big data is driving the agritech market growth.

In terms of market share, the market was dominated by production and maintenance application segment which accounted for 38.3% of the total market share in 2019. There has been a rise in the adoption of advance monitoring systems to efficiently monitor the production of crops in farms; they also provide useful methods to maintain the crop yielding. Similarly, the use of data management and data analytics solutions allows farm owners to generate insightful reports to boost the crop and soil health, predict weather and fields conditions, and so on. This, the data collected from farms is also used by scientists to conduct experiments to improve farming processes.

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