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Agtech Market - Global Market Share, Trends, Analysis Report Segmentation By Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouses, and Others (Forestry & Horticulture)), Offering (Hardware, Software, And Services), And Application (Precision Farming Applications, Livestock Monitoring Applications, Aquaculture, Smart Greenhouse Applications, And Supply Chain Management Services, And Others)

Categories: Agriculture

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Report Overview

The report titled “Global Agtech Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2027” offers strategic visions into the global Agtech market along with the market size (Revenue – USD Billion) and estimates for the duration of 2016 to 2027. The said research study covers an in-depth analysis of multiple market segments based on production methods, end-use, and study across different topographies. The report is also inclusive of competitive profiling of the leading Agtech vendors, and the latest developments.

Market Synopsis

AgTech is the application of technology to the sector of agriculture, particularly software and hardware. AgTech covers a wide range of solutions for nearly any stage in the food production process. Agriculture technology is rapidly gaining traction in modern farms and agricultural operations, enabling companies to become more lucrative, competitive, cleaner, and environmentally conscious. Precision planting, poultry, fish farming, and smart greenhouses have all embraced agricultural technologies in the hopes of increasing production, profitability, and productivity. These activities rely on sensor data, telematics (for example, GPS guidance systems for tractors), robots and drones, Lidar, GPS or GNSS, and monitors, among other agricultural technology. These technologies help perform precision agriculture activities for modern farms that use data from IoT devices such as sensors and monitors to make farming operations highly profitable. By 2027, the Agtech is expected to be worth USD 32.50 Billion up from USD 9.11 Billion in 2020.

Market Dynamics

Rising inclination toward innovations in agriculture, growing need for monitoring livestock production as well as health, government provision for the implementation of modern agricultural techniques, and increasing population & urbanization are some of the major factors driving the agriculture technology market development. Furthermore, factors that drive the implementation of smart agricultural technology are increased market productivity by process automation and better production with lower farming costs. Precision cultivation methods are set to make agribusiness more successful than ever before. As a result, business-oriented farmers have begun to use numerous precision farming/smart agriculture technologies to boost crop yields and profit margins. Furthermore, due to the COVID-19 pandemic, the demand was decreased in 2020, as travel restrictions and lockdowns have caused supply chain disturbances. However, the use of remote monitoring technologies and farm management software tools may contribute to higher adoption during the post-COVID-19 era. The need for large initial investments is a major factor impeding the development of the smart agriculture industry. Smart farming instruments are currently prohibitively costly for small farmers in developing regions and the majority of farmers in emerging economies. In addition to the large initial financial investment required to deploy GPS, drones, GIS, VRT, and satellite systems, often necessitates a trained workforce to operate these technology-enabled devices, posing a barrier to adoption among small-scale farmers. The rising demand for milk and dairy products and the per capita income of farmers in developing are projected to see increased demand for livestock tracking innovations such as milking robots and feeding robots in the coming years. As a result, developing markets such as India, China, and others are projected to provide major opportunities for agtech solutions.

Market Segmentation

The global Agtech market has been segmented based on type, offering, and application. Based on type, the global Agtech market is segmented into Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouses, and Others (Forestry & Horticulture). Based on offering the global Agtech market is segmented into hardware, software, and services. The hardware segment is further sub-segmented GPS/GNSS, drones/UAVs irrigation controllers, yield monitors, guidance & steering systems and sensors, and others. Hardware leads the offering segment due to the rising adoption of automated solutions in agriculture. In terms of application, the global agtech market is segmented into precision farming applications, livestock monitoring applications, aquaculture, smart greenhouse applications, and supply chain management services, and others.

Geographical Overview

Based on geography, the global Agtech market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America comprises U.S., Canada, and Mexico whereas Europe would primarily cover Germany, France, the UK, Italy, and the Rest of Europe. The key countries included under the Asia Pacific are China, Japan, India, Australia, and the Rest of Asia Pacific. In Latin America, Brazil, Argentina, and the Rest of Latin America are the key segments whereas, in the Middle East & Africa, South Africa and the Rest of MEA are the key segments covered in the report. North America dominates the Agtech market. This is mainly owing to the rising government policies and regulations to improve the region's agriculture industry. For instance, The North America Climate Smart Agriculture Alliance (NACSAA), a forum for educating and equipping cultivators to improve agricultural production sustainably, has been established by a group of agricultural organizations.  Furthermore, governments in North America are offering subsidies to expand the implementations of smart irrigation in response to the growing concern about water conservation. The state of California, for instance, has offered a refund on smart controllers. The global agtech market is expected to grow at a higher rate in the Asia Pacific region. This is owing to rising government funding and awareness of agtech. In Japan, for example, the Ministry of Agriculture has been funding the development of precision agriculture. The increasing adoption of organic agriculture by small farmers in South America is expected to boost the growth of the global agtech market.

Competitive Landscape

The global Agtech market is concentrated with leading manufacturers such as AgroStar, Topcon Agriculture, Antelliq, DeLaval, Trimble, Deere & Company Apollo Agriculture, Benson Hill Biosystems, Bowery Farming Inc., Ceres Imaging, Conservis, CropX, Gro Intelligence, Impossible Foods, Indigo AG, LettUs Grow, Meicai, Ninjacart, Pivot Bio, and Plenty Inc. The major players in the global Agtech market are investing in research and development to manufacture novel products and solutions. For instance, Trimble has introduced Farmer Core, a new entry-level Trimble Ag Software subscription that allows farmers to connect all facets of their farm operations. Furthermore, some players are expanding their business across the globe by establishing new facilities. For instance, In South Africa, Antelliq has opened a new Allflex Livestock Intelligence office. The company's continued growth is due to increased demand for its goods and services, which assist farmers in collecting and interpreting animal health data.

Frequently Asked Questions about This Report

  • How big is the Agtech market?
    • The market was valued at USD 9.11 billion in 2020
  • What is the expected market growth rate of Agtech?
    • The market is expected to grow at CAGR 19.9% from 2021 to 2027
  • Which regional segment dominated the global Agtech market in 2020?
    • North America dominated the market in 2020
  • Who are the key players in the global Agtech market?
    • AgroStar, Topcon Agriculture, Antelliq, DeLaval, Trimble, Deere & Company Apollo Agriculture, Benson Hill Biosystems, Bowery Farming Inc., Ceres Imaging, Conservis, CropX, Gro Intelligence, Impossible Foods, Indigo AG, LettUs Grow, Meicai, Ninjacart, Pivot Bio, and Plenty Inc.
  • What key factors are driving the global Agtech market growth?
    • Rising inclination toward innovations in agriculture, growing need for monitoring livestock production coupled with health, government provision for the implementation of modern agricultural techniques, and increasing population & urbanization are some of the major factors driving the agriculture technology market development.

 


Global Agtechs Market Growth, Trend and Forecast 2021-2027

Chapter 1 Agtechs Market Overview
1.1 Product Overview and Scope of Agtechs
1.2 Agtechs Market Segmentation by Type
1.2.1 Global Production Market Share of Agtechs by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Agtechs Market Segmentation by Application
1.3.1 Agtechs Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Agtechs Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Agtechs (2014-2027)

Chapter 2 Global Economic Impact on Agtechs Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Agtechs Market Competition by Manufacturers
3.1 Global Agtechs Production and Share by Manufacturers (2020 and 2020)
3.2 Global Agtechs Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Agtechs Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Agtechs Manufacturing Base Distribution, Production Area and Product Type
3.5 Agtechs Market Competitive Situation and Trends
3.5.1 Agtechs Market Concentration Rate
3.5.2 Agtechs Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Agtechs Production, Revenue (Value) by Region (2014-2021)
4.1 Global Agtechs Production by Region (2014-2021)
4.2 Global Agtechs Production Market Share by Region (2014-2021)
4.3 Global Agtechs Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Agtechs Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Agtechs Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Agtechs Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Agtechs Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Agtechs Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Agtechs Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Agtechs Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Agtechs Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Agtechs Consumption by Regions (2014-2021)
5.2 North America Agtechs Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Agtechs Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Agtechs Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Agtechs Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Agtechs Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Agtechs Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Agtechs Production, Revenue (Value), Price Trend by Type
6.1 Global Agtechs Production and Market Share by Type (2014-2021)
6.2 Global Agtechs Revenue and Market Share by Type (2014-2021)
6.3 Global Agtechs Price by Type (2014-2021)
6.4 Global Agtechs Production Growth by Type (2014-2021)

Chapter 7 Global Agtechs Market Analysis by Application
7.1 Global Agtechs Consumption and Market Share by Application (2014-2021)
7.2 Global Agtechs Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Agtechs Manufacturing Cost Analysis
8.1 Agtechs Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Agtechs

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Agtechs Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Agtechs Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Agtechs Market Forecast (2021-2027)
12.1 Global Agtechs Production, Revenue Forecast (2021-2027)
12.2 Global Agtechs Production, Consumption Forecast by Regions (2021-2027)
12.3 Global Agtechs Production Forecast by Type (2021-2027)
12.4 Global Agtechs Consumption Forecast by Application (2021-2027)
12.5 Agtechs Price Forecast (2021-2027)

Chapter 13 Appendix

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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

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Agtech Market - Global Market Share, Trends, Analy...

RD Code : AG21