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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Agritech Market: Strategic Insights
Market Size Value in US$ 17,442.7 Million in 2019 Market Size Value by US$ 41,172.5 Million by 2027 Growth rate CAGR of 12.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Agritech Market: Strategic Insights
| Market Size Value in | US$ 17,442.7 Million in 2019 |
| Market Size Value by | US$ 41,172.5 Million by 2027 |
| Growth rate | CAGR of 12.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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.
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
- ARSR Tech
- AeroFarms
- Apollo Agriculture
- Crofarm Agriproducts Pvt Ltd
- Conservis
- Indigo Ag, Inc.
- LettUs Grow Ltd.
- Pivot Bio
- AgBiome, Inc.
- Ceres Imaging
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Agritech Market
Feb 2021
Engineering Professional Services Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Consulting, Non-Consulting), Service Type (Designing and Construction, ESG, Program Management, Others), Sector (Private, Public), Vertical (Advanced Manufacturing, Infrastructure, Energy and Utilities, Environmental, Transportation, Others), Advanced Manufacturing (Data Center, Life Sciences, Electronics, and Semiconductor, EV and EV Battery, Others), Infrastructure (Buildings and Cities, Health Infrastructure, Telecommunication Infrastructure, Others), Energy And Utilities (Renewables, Energy Storage, Transmission and Distribution), Transportation (Aviation, Highways and Bridges, Ports and Maritime, Rail and Transit), Water (Water, Wastewater), and Geography (Americas, Europe, Asia Pacific and Middle East and Africa)
Feb 2021
Virtual Reality Puzzle Games Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Age (18 to 34 Years, Above 35 Years, 13 to 17 Years, and Upto 12 Years), Player Type (Single Player and Multi Player), and End Users (Individuals and Professionals)
Feb 2021
Inspection Software for Government Services Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Services (Implementation and Deployment, Support and Maintenance, Training, and Consulting), Deployment (Cloud and On-premises), Application (Permitting and Licensing Management, Inspection and Scheduling Management, Contract Management, and Others), and End User (Local Government, State Government, and Federal Government)
Feb 2021
Spend Analytics for Electronics and Semiconductor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Component (Software and Service), Type (Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics), Deployment (On-premise and Cloud), and Application (Financial Management, Risk Management, Governance and Compliance Management, Supplier Sourcing and Performance Management, Demand and Supply Forecasting, and Others)
Feb 2021
Photonic Design Automation Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Service), Deployment (On-Premise and Cloud), Organization Size (SMEs and Large Enterprises), and Application (Academic Research and Industrial Research & Manufacturing)
Feb 2021
Voice-based Payments Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Hardware and Software), By Enterprise Size (Large Enterprises and Small and Medium-Sized Enterprises), By Industry (BFSI, Automotive, Healthcare, Retail, Government, and Others), and by Geography
Feb 2021
Private 5G Network Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services); Frequency (Sub-6 GHz and mmWave), End User (Manufacturing, Energy and Utilities, Automotive, Military and Defense, Government and Public Safety, and Others)
Feb 2021
Unified Threat Management Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Services); Deployment (Cloud and On-Premise); Enterprise Size (Large Enterprises and SMEs); and End Users (BFSI, Manufacturing, Healthcare, Retail, Government, IT & Telecom, and Others)