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AgTech Market Data – forecasts and market sizes

April 12, 2022 by Information Matters

AgTech Market Data

agtech market forecasts market size

The global AgTech market comprises a wide range of technologies, services, devices and software. Market sizes and forecasts for this sector vary significantly based on research methodologies and assumptions made about what to include.

Below are a selections of forecasts and estimates from research houses, government bodies and academic institutions. 

This was last updated on 12 April 2022 – please let us know if you have any data you would like us to include.

 

Global AgTech Forecasts

Snippet: “The global post COVID-19 market size of the Precision Farming Market is expected to grow from USD 7,783.10 Million in 2021 to USD 15,444.94 Million by 2028 at a CAGR of 12.10%”

Source: https://www.globenewswire.com/en/news-release/2022/03/23/2408535/0/en/At-CAGR-of-12-10-Global-Precision-Farming-Market-2022-2028-Delivery-Model-and-Service-Provider-is-projected-to-expand-at-USD-15-444-94-Million-Industry-Size-Trends-Forecast-Report-.html



Snippet: “The global Precision Agriculture market size is projected to reach USD 9360 million by 2028, from USD 4358.3 million in 2021, at a CAGR of 11.4% during 2022-2028.“

Global core precision agriculture players include Deere and Company, Trimble Agriculture and CNH Industrial etc. The Top 3 companies hold a share about 30%. North America is the largest market, with a share about 44%, followed by Europe and Asia Pacific with the share about 28% and 19%.

Source: https://www.marketwatch.com/press-release/precision-agriculture-market-size-2022-global-trend-industry-news-industry-demand-business-growth-top-key-players-update-business-statistics-and-research-methodology-by-forecast-to-2027-2022-04-06 



Snippet: “At 12.8% CAGR, The  AI in Agriculture Market Size is expected to grow from 692.8 million USD In 2020, to reach 1423.8 Million USD by 2026.”

Source: https://www.marketwatch.com/press-release/ai-in-agriculture-market-size-in-2022-128-cagr-with-top-countries-data-what-is-estimated-to-be-the-valuation-of-the-global-ai-in-agriculture-industry-by-2026-in-depth-115-pages-report-2022-03-21



Snippet: “The global precision agriculture market reached a value of US$ 6.73 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.44 Billion by 2027, exhibiting a CAGR of 13.7% during 2022-2027.”

Source: https://www.imarcgroup.com/precision-agriculture-market



Snippet: “The global agricultural sensors market was valued at $4.18 billion in 2020, which is expected to grow with a CAGR of 15.4% and reach $9.79 billion by 2026.”

Source: https://www.prnewswire.com/news-releases/global-agricultural-sensors-market-2022-focus-on-product-application-and-country-analysis-301500865.html



Snippet: “The global precision farming market size is anticipated to reach USD 20.84 billion by 2030, registering a CAGR of 12.8%”

Source: https://www.bloomberg.com/press-releases/2022-04-06/precision-farming-market-size-worth-20-84-billion-by-2030-grand-view-research-inc



Snippet: “The precision farming market is expected to grow from USD 8.5 billion in 2022 to USD 15.6 billion by 2030, at a CAGR of 7.9%.”

Source: https://www.marketsandmarkets.com/Market-Reports/precision-farming-market-1243.html



Snippet: “The global blockchain in agriculture and food supply chain market size is expected to grow from $189.48 million in 2021 to $278.60 million in 2022 at a compound annual growth rate (CAGR) of 47.0%. The market is expected to reach $1295.93 million in 2026 at a CAGR of 46.9%.”

Source: https://www.thebusinessresearchcompany.com/report/blockchain-in-agriculture-and-food-supply-chain-global-market-report



Snippet: “The global IoT in Agriculture market size is projected to reach USD 52700 million by 2028, from USD 18400 million in 2021, at a CAGR of 15.9% during 2022-2028.“

Source:  https://www.marketwatch.com/press-release/global-iot-in-agriculture-market-2022-latest-trends-application-type-smart-mining-company-coverage-geography-and-forecast-to-2028-2022-04-07



Snippet: “The global IoT in agriculture market was valued at $21.99 billion in 2021, which is expected to grow with a CAGR of 10.1% and reach $35.55 billion by 2026.”

Source: https://www.globenewswire.com/news-release/2022/03/04/2396942/28124/en/Global-IoT-in-Agriculture-Market-Report-2022-Increasing-Market-Opportunities-in-Developing-Countries-Favorable-Government-Initiatives-to-Support-IoT-in-Agriculture.html

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