The Agtech Market size was valued at USD 19.5 Bn. in 2023 and the total Global Agtech revenue is expected to grow at a CAGR of 11.2 % from 2024 to 2030, reaching nearly USD 41 Bn. by 2030.

Agtech Market Overview

Stellar Market Research, a renowned business research firm, has released a comprehensive report on the “Agtech Market”. According to the report, the market for Agtech was valued at USD 19.5 Bn. in 2023 and is projected to grow to USD 41 Bn. by 2030.

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Market Report Scope and Research Methodology

This report provides an in-depth understanding of the dynamics and structure of the Agtech Market by analyzing market segments and forecasting the market size. Both primary and secondary research methods were utilized to gather data, including market surveys, evaluations, and projections. The initial phase of the research focused on identifying the key parameters to guide the study.

The research encompasses a variety of factors such as regulatory frameworks, government initiatives, and market maturity in different regions. It delivers insights into regional disparities and identifies growth opportunities and potential challenges specific to each market. Primary data sources include interviews with industry experts, while secondary sources consist of market reports. The analysis combines quantitative tools and qualitative insights to examine market size, trends, growth drivers, and competition.

Agtech Market Regional Insights

The report offers a detailed analysis of the market across different regions, covering factors such as market size, growth rates, and import-export activities. A regional analysis is included to assess the status of the Agtech market in various countries. The market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Agtech Market Segmentation

The report covers various segments within the Agtech Market and provides detailed insights into each segment's performance and growth trajectory. The segmentation helps to understand the specific trends, opportunities, and challenges in different sub-sectors of the market.

By Application, Precision agriculture dominates a substantial and growing portion of the Agtech market, holding 40% of the global market share in 2023. Its impact is profound, optimizing resource allocation such as water and fertilizer to bolster productivity and curtail waste. Through data-driven insights into crop health, soil conditions, and field variability, precision agriculture enhances decision-making processes. It enables the precise application of inputs, minimizing environmental footprint while maximizing efficiency. Examples of precision agriculture technologies include GPS-guided tractors, which ensure precise navigation and operation in the field, enhancing accuracy and reducing overlap.

By Application

Precision Agriculture

Smart Farming

Agribusiness Software

Indoor Farming and Vertical Agriculture

Biotechnology and Genetic Engineering

To explore further details about this research, please go to: https://www.stellarmr.com/report/Agtech-Market/1804

Agtech Key Players in the Market

The report outlines the leading companies operating in the Agtech Market, along with their business strategies, competitive positioning, and product portfolios.

Cargill (US)
ADM (US)
Bayer (Germany)
AgroStar (India)
Topcon Agriculture (US)
DeLaval (UK)
Trimble (US)
Apollo Agriculture (Kenya)
Benson Hill (US)
Bowery Farming (US)
Ceres Imaging (US)
Conservis (US)
CropX (US)
Gro Intelligence (US)
Impossible Foods (US)
Indigo AG (US)
LettUs Grow (UK)
Ninjacart (India)
Pivot Bio (US)
Plenty Inc (US)
AGCO Corporation (US)
InnovaSea (US)
Semiosbio (Canada)
Afimilk (Israel)
Aker (US)
XX

Key Questions Answered in the Report

• What is the Agtech Market?
• What was the market size of Agtech in 2023?
• What is the projected growth rate for the Agtech Market?
• What are the factors expected to drive market growth?
• What are the different market segments, and how do they perform?
• What growth strategies are market players employing to expand their presence?
• What upcoming industry trends and applications will impact the Agtech Market?
• How can companies leverage industry trends to generate additional revenue streams?
• Who are the leading players in the market and what do their portfolios look like?
• What are the market segments and key players within each segment?

Key Offerings

• Historical Market Size and Competitive Landscape (2018-2022)
• Price Trends and Pricing Curve by Region (2018-2022)
• Market Size, Share, and Forecast by Segment (2024-2030)
• Market Dynamics – Drivers, Restraints, Opportunities, and Key Trends by Region
• Detailed Market Segmentation and Sub-segment Analysis by Region
• Competitive Landscape – Profiles of Key Market Players by Region
• Competitive Benchmarking of Key Players
• PESTLE Analysis
• Porter’s Five Forces Analysis
• Value Chain and Supply Chain Analysis
• Regional Legal Aspects of Business
• Lucrative Business Opportunities with SWOT Analysis
• Strategic Recommendations

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About Stellar Market Research

Stellar Market Research is a multidisciplinary market research and consulting firm with expertise across various industries. Some of the sectors we cover include medical devices, pharmaceuticals, electronics, industrial equipment, automotive, chemicals, consumer goods, technology, and many more. We provide market-verified industry forecasts, technical trend analysis, competition insights, production-demand analysis, strategic advice, and impact studies.

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