Summary

The global agritech market size was valued at $8,150.15 million in 2024, and is projected to reach $34,831.17 million by 2034, growing at a CAGR of 15.3% from 2025 to 2034. 
Agritech, known as agricultural technology, involves applying advanced technologies and innovations to improve the efficiency, productivity, and sustainability of farming. The market incorporates tools such as AI, robotics, drones, sensors, biotechnology, and data analytics to optimize processes such as crop monitoring, soil evaluation, irrigation, and harvesting. Its primary goal is to tackle issues such as food security, climate change, and resource use by making agriculture more precise, economical, and eco-friendly. Through technological integration, farmers are empowered to make smarter decisions, boost crop yields, minimize waste, and support a more sustainable global food system.
The growth of the agritech market is largely driven by rise in focus on improving food productivity and rise in global population. In addition, government support and favorable policies are expected to further boost market expansion during the forecast period. Rise in adoption of automation and robotics in agricultural tasks like planting, harvesting, and crop monitoring is expected to improve efficiency and spark innovation, creating growth opportunities in the market. Moreover, advancements in data analytics, artificial intelligence, and the Internet of Things (IoT) are enabling real-time decision-making, transforming traditional farming methods and accelerating the shift toward smart agriculture, further driving demand for agritech solutions. Moreover, potential collaborations with tech and gaming companies are offering growth opportunities in the blue light blocking glasses market. 
However, high initial investment required to develop, implement, and scale advanced agricultural technologies is a key factor hampering the market growth. Agritech solutions often require extensive research, development, and testing. For instance, creating precision farming tools or advanced biotech crops requires years of innovation and regulatory approvals, which can be costly, requiring significant upfront investment in R&D. Moreover, rise in adoption of automation and robotics presents a significant opportunity for the agritech market, as these technologies enhance efficiency, reduce labor dependency, and improve precision in farming operations. For instance, in September 2024, Indigo Ag launched the CLIPS device (Closed Loop Integrated Powder System), an innovative, hands-free system designed to revolutionize the biological seed treatment process. This device allows for the automatic application of dry powder formulations directly from bulk seed box containers, simplifying the process and reducing the need for manual intervention. 
Segment Review: 
The agritech market is segmented into component, application, technology, and region. On the basis of component, the market is classified into hardware, software, and service. By application, it is segregated into precision farming and farm management, livestock monitoring, quality management, and others. On the basis of technology, the market is classified into AI, IoT, automation and robotics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings:
By component, the hardware segment held the largest share in the agritech market in 2024.  
By application, the precision farming and farm management segment held the largest share in the agritech market in 2024  
By technology, the automation and robotics segment held the largest share in the agritech market in 2024.  
Region-wise, North America held the largest market share in 2024. However, Asia-Pacific is expected to witness the highest CAGR during the forecast period. 
Competition Analysis: 
The report analyzes the profiles of key players operating in the agritech industry are Syngenta AG, Indigo Ag, Pivot Bio, ninjacart, Agreena ApS, CropX, Zuari FarmHub Limited, ARSR Tech, Crofarm Agriproducts Pvt Ltd., LettUs Grow, Ceres Imaging, Hortau Technologies Inc., Farmers Business Network, John Deere, AGCO Corporation., Microsoft Corporation, AgEagle Aerial Systems Inc., CNH Industrial N.V., topcon positioning systems, and BrioAgro Tech, S.L. 

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Key Market Segments
By Component
● Hardware
● Software
● Service
By Application
● Precision Farming and Farm Management
● Livestock Monitoring
● Quality Management
● Others
By Technology
● AI
● IoT
● Automation and robotics
● Others
By Region
● North America
○ U.S.
○ Canada
● Europe
○ UK
○ Germany
○ France
○ Italy
○ Spain
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ Australia
○ South Korea
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ Syngenta AG
○ Agreena ApS
○ CropX
○ Ceres Imaging
○ John Deere
○ AgEagle Aerial Systems Inc.
○ Microsoft Corporation
○ BrioAgro Tech, S.L.
○ Pivot Bio
○ Zuari FarmHub Limited
○ ARSR Tech
○ AGCO Corporation
○ LettUs Grow
○ Hortau Technologies Inc.
○ CNH Industrial N.V.
○ Ninjacart Pvt. ltd.
○ Farmers Business Network, Inc.
○ Topcon Positioning Systems, Inc.
○ Crofarm Agriproducts Pvt Ltd.
○ Indigo Ag

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate to high threat of new entrants
3.3.3. Moderate to high threat of substitutes
3.3.4. Moderate to high intensity of rivalry
3.3.5. Moderate to high bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in emphasis on food productivity
3.4.1.2. Increase in the demand for sustainable agriculture
3.4.1.3. Government Support and Policies
3.4.2. Restraints
3.4.2.1. High initial investment
3.4.2.2. Limited digital literacy
3.4.3. Opportunities
3.4.3.1. Adoption of automation and robotics
CHAPTER 4: AGRITECH MARKET, BY COMPONENT
4.1. Overview
4.1.1. Market size and forecast
4.2. Hardware
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Software
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Service
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: AGRITECH MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Precision Farming and Farm Management
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Livestock Monitoring
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Quality Management
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Others
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
CHAPTER 6: AGRITECH MARKET, BY TECHNOLOGY
6.1. Overview
6.1.1. Market size and forecast
6.2. AI
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. IoT
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Automation and robotics
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Others
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
CHAPTER 7: AGRITECH MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by Component
7.2.3. Market size and forecast, by Application
7.2.4. Market size and forecast, by Technology
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by Component
7.2.5.1.2. Market size and forecast, by Application
7.2.5.1.3. Market size and forecast, by Technology
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Component
7.2.5.2.2. Market size and forecast, by Application
7.2.5.2.3. Market size and forecast, by Technology
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by Component
7.3.3. Market size and forecast, by Application
7.3.4. Market size and forecast, by Technology
7.3.5. Market size and forecast, by country
7.3.5.1. UK
7.3.5.1.1. Market size and forecast, by Component
7.3.5.1.2. Market size and forecast, by Application
7.3.5.1.3. Market size and forecast, by Technology
7.3.5.2. Germany
7.3.5.2.1. Market size and forecast, by Component
7.3.5.2.2. Market size and forecast, by Application
7.3.5.2.3. Market size and forecast, by Technology
7.3.5.3. France
7.3.5.3.1. Market size and forecast, by Component
7.3.5.3.2. Market size and forecast, by Application
7.3.5.3.3. Market size and forecast, by Technology
7.3.5.4. Italy
7.3.5.4.1. Market size and forecast, by Component
7.3.5.4.2. Market size and forecast, by Application
7.3.5.4.3. Market size and forecast, by Technology
7.3.5.5. Spain
7.3.5.5.1. Market size and forecast, by Component
7.3.5.5.2. Market size and forecast, by Application
7.3.5.5.3. Market size and forecast, by Technology
7.3.5.6. Rest of Europe
7.3.5.6.1. Market size and forecast, by Component
7.3.5.6.2. Market size and forecast, by Application
7.3.5.6.3. Market size and forecast, by Technology
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by Component
7.4.3. Market size and forecast, by Application
7.4.4. Market size and forecast, by Technology
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by Component
7.4.5.1.2. Market size and forecast, by Application
7.4.5.1.3. Market size and forecast, by Technology
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by Component
7.4.5.2.2. Market size and forecast, by Application
7.4.5.2.3. Market size and forecast, by Technology
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by Component
7.4.5.3.2. Market size and forecast, by Application
7.4.5.3.3. Market size and forecast, by Technology
7.4.5.4. Australia
7.4.5.4.1. Market size and forecast, by Component
7.4.5.4.2. Market size and forecast, by Application
7.4.5.4.3. Market size and forecast, by Technology
7.4.5.5. South Korea
7.4.5.5.1. Market size and forecast, by Component
7.4.5.5.2. Market size and forecast, by Application
7.4.5.5.3. Market size and forecast, by Technology
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Market size and forecast, by Component
7.4.5.6.2. Market size and forecast, by Application
7.4.5.6.3. Market size and forecast, by Technology
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by Component
7.5.3. Market size and forecast, by Application
7.5.4. Market size and forecast, by Technology
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by Component
7.5.5.1.2. Market size and forecast, by Application
7.5.5.1.3. Market size and forecast, by Technology
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by Component
7.5.5.2.2. Market size and forecast, by Application
7.5.5.2.3. Market size and forecast, by Technology
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by Component
7.5.5.3.2. Market size and forecast, by Application
7.5.5.3.3. Market size and forecast, by Technology
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2024
CHAPTER 9: COMPANY PROFILES
9.1. Syngenta AG
9.1.1. Company overview
9.1.2. Key executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. Indigo Ag
9.2.1. Company overview
9.2.2. Key executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Key strategic moves and developments
9.3. Pivot Bio
9.3.1. Company overview
9.3.2. Key executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Key strategic moves and developments
9.4. Ninjacart Pvt. ltd.
9.4.1. Company overview
9.4.2. Key executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Key strategic moves and developments
9.5. Agreena ApS
9.5.1. Company overview
9.5.2. Key executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Key strategic moves and developments
9.6. CropX
9.6.1. Company overview
9.6.2. Key executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Key strategic moves and developments
9.7. Zuari FarmHub Limited
9.7.1. Company overview
9.7.2. Key executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Key strategic moves and developments
9.8. ARSR Tech
9.8.1. Company overview
9.8.2. Key executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. Crofarm Agriproducts Pvt Ltd.
9.9.1. Company overview
9.9.2. Key executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. LettUs Grow
9.10.1. Company overview
9.10.2. Key executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Key strategic moves and developments
9.11. Ceres Imaging
9.11.1. Company overview
9.11.2. Key executives
9.11.3. Company snapshot
9.11.4. Operating business segments
9.11.5. Product portfolio
9.11.6. Key strategic moves and developments
9.12. Hortau Technologies Inc.
9.12.1. Company overview
9.12.2. Key executives
9.12.3. Company snapshot
9.12.4. Operating business segments
9.12.5. Product portfolio
9.13. Farmers Business Network, Inc.
9.13.1. Company overview
9.13.2. Key executives
9.13.3. Company snapshot
9.13.4. Operating business segments
9.13.5. Product portfolio
9.13.6. Key strategic moves and developments
9.14. John Deere
9.14.1. Company overview
9.14.2. Key executives
9.14.3. Company snapshot
9.14.4. Operating business segments
9.14.5. Product portfolio
9.14.6. Business performance
9.14.7. Key strategic moves and developments
9.15. AGCO Corporation
9.15.1. Company overview
9.15.2. Key executives
9.15.3. Company snapshot
9.15.4. Operating business segments
9.15.5. Product portfolio
9.15.6. Business performance
9.15.7. Key strategic moves and developments
9.16. Microsoft Corporation
9.16.1. Company overview
9.16.2. Key executives
9.16.3. Company snapshot
9.16.4. Operating business segments
9.16.5. Product portfolio
9.16.6. Business performance
9.16.7. Key strategic moves and developments
9.17. AgEagle Aerial Systems Inc.
9.17.1. Company overview
9.17.2. Key executives
9.17.3. Company snapshot
9.17.4. Operating business segments
9.17.5. Product portfolio
9.17.6. Business performance
9.17.7. Key strategic moves and developments
9.18. CNH Industrial N.V.
9.18.1. Company overview
9.18.2. Key executives
9.18.3. Company snapshot
9.18.4. Operating business segments
9.18.5. Product portfolio
9.18.6. Business performance
9.18.7. Key strategic moves and developments
9.19. Topcon Positioning Systems, Inc.
9.19.1. Company overview
9.19.2. Key executives
9.19.3. Company snapshot
9.19.4. Operating business segments
9.19.5. Product portfolio
9.19.6. Key strategic moves and developments
9.20. BrioAgro Tech, S.L.
9.20.1. Company overview
9.20.2. Key executives
9.20.3. Company snapshot
9.20.4. Operating business segments
9.20.5. Product portfolio