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