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 provides a brief description of Agtech industry. The research completely provides a detailed analysis of regional insights into the Agtech market, as well as its changing trends, industry environment, and market-leading elements. The research's scope covers a thorough analysis of the Agtech Market as well as the causes of regional differences in the industry's growth.

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Market Scope:

The report provides a detailed analysis of the Agtech market size and shares of global and regional presence. It provides Agtech market overview, and definition, as well as preventative and pre-planned management. Agtech Market report provides in-depth analysis, and understanding of trends, drivers, challenges, restraints, and opportunities. It also aids in determining the potential of Agtech Market, in the forecast years. The report provides an analysis of the major key players in the Agtech market in terms of their size, market share, market growth, revenue, production volume, and profitability in each region which helps to understand the Agtech market structure. SWOT analysis is conducted to find the strengths and weaknesses of the Agtech market. Top-down and bottom-up strategies, as well as other data triangulation techniques, were frequently used throughout the market engineering process to conduct market estimating and forecasting for the market segments and sub-segments detailed in this research study.

Segmentation:

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.

Variable rate technology enables tailored application of inputs based on real-time data, optimizing resource utilization. Yield monitoring systems provide valuable insights into crop performance, allowing farmers to make informed decisions for future seasons. Also, drone imagery analysis offers detailed and up-to-date information on crop health and field conditions, facilitating proactive management strategies.

Precision Agriculture

Smart Farming

Agribusiness Software

Indoor Farming and Vertical Agriculture

Biotechnology and Genetic Engineering

Regional Analysis

Agtech Region dominated the Agtech Market in 2023 and is expected to witness significant growth during the forecast period. The regional market growth is generated by the growing Agtech industry and rising income concerning Europe, Asia Pacific, South America, the Middle East, and Africa. The existing environment and projected trends serve as the foundation for the market evaluation. In the regional and country sections, a detailed analysis of the factors influencing the Agtech market growth and changes in market regulation that impact current and future market trends are also discussed.

For in-depth information on this study, visit the following link: https://www.stellarmr.com/report/Agtech-Market/1804 

Agtech Key Players:

Key Players of the Agtech Market profiled in the report include..

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 Agtech Market Report are:

• Which region held the largest market share in the Agtech Market?
• What is the expected Agtech market size by 2030?
• Which factors are the opportunities for the Agtech market growth?
• What are investment opportunities for the Agtech market?
• What are the recent industry trends that were implemented to generate additional revenue streams for the Agtech Market?
• Which segment dominates the Agtech Market?

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About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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