Agriculture technologies market is anticipated to grow at a CAGR of 11.4% during the forecast period (2023-2030). An increase in demand for advanced tractors, AgRobots, such as -robotic harvesters and separators, automatic in-row weeders, and many more devices and technologies are being deployed in the fields to increase productivity. The growing adoption of improved, scale-appropriate and eco-friendly technologies, including new disease-resistant and climate-adjusted seeds, modern management practices, and conservation of resources using scale-appropriate new agricultural machinery is the key factor supporting the growth of the market globally. Mostly in the rural areas of Southern Asia and sub-Saharan African countries, 78.0% of whom rely on agriculture for their livelihoods. Hence, the market players are also focusing on introducing eco-friendly technologies and agriculture technologies solutions that further bolster the market growth. For instance, in June 2022, Kagome Co., Ltd. established DXAS Agricultural Technology, a joint venture in Portugal to provide farming support for processed tomatoes using AI. The new company contribute to sustainable agriculture in countries around the globe by promoting environmentally friendly and profitable farming through the integration of Kagome’s agronomies and NEC’s technologies.
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The global agriculture technologies market is segmented on the offering, agriculture type, and application. Based on the offering, the market is sub-segmented into hardware, software and services. based on the agriculture type, the market is sub-segmented into precision farming, livestock monitoring and others. Further, on the basis of application, the market is sub-segmented into fish farming, smart greenhouse, precision farming, livestock monitoring and others. Among the offerings, the software sub-segment is anticipated to hold a considerable share of the market owing to the increased demand for enhanced crop management software that allows farmers to monitor and track crop growth, soil health, and weather conditions in real time. This data-driven approach enables informed decision-making, leading to better crop yields and improved quality.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Agriculture Technologies Market by Offering
- Hardware
- Software
- Services
Global Agriculture Technologies Market by Agriculture Type
- Precision Farming
- Precision Aquaculture
- Livestock Monitoring
- Smart Greenhouse
- Precision Forestry
- Others (Connected Farming)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AG Leader Technology
- AgEagle Aerial Systems Inc.
- AgJunction, Inc.
- Argus Control Systems Ltd.
- Autonomous Solutions, Inc.
- CLAAS KGaA mbH
- Dickey-John Corp.
- DroneDeploy
- Farmers Edge Inc.
- Gamaya Ltd.
- GEA Group AG
- Granular, Inc.
- Precision Planting, Inc.
- Raven Industries
- Topcon Positioning Systems, Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global agriculture technologies market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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