| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 32.83 Billion |
| Market Size (2030) | USD 63.82 Billion |
| CAGR (2025 - 2030) | 14.22 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Agritech Market Analysis
The Agritech Market size is estimated at USD 32.83 billion in 2025, and is expected to reach USD 63.82 billion by 2030, at a CAGR of 14.22% during the forecast period (2025-2030).
The global agritech market is experiencing significant growth as advancements in technology transform the agricultural sector. The United Nations projects a global population of 9.8 billion by 2050, necessitating enhanced food security and optimized resource utilization amid limited arable land availability. The market includes precision farming, biotech, farm management software, IoT-based smart agriculture, agricultural robotics, and vertical farming. The United States, China, India, and the Netherlands are at the forefront of agritech adoption, supported by venture capital investments and government initiatives promoting agricultural digital transformation.
The increasing adoption of precision farming techniques is a primary market driver. Precision agriculture utilizes satellite imagery, sensors, and AI-driven analytics to monitor soil conditions, crop health, and weather patterns in real-time. This enables farmers to make data-driven decisions, optimize irrigation and fertilization, and maximize yields while reducing resource waste. According to FAOSTATS, cereal production in Asia increased to 1.52 billion metric tons in 2023 from 1.49 billion metric tons in 2022. IoT and smart farming technologies, including automated irrigation systems and drone-assisted crop monitoring, are improving agricultural productivity and reducing labor requirements.
Investment in agricultural robotics and automation is driving market expansion. Automated machinery, including robotic harvesters, autonomous tractors, and AI-powered sorting systems, increases efficiency and reduces operational costs. These technologies address agricultural labor shortages while improving precision in planting, harvesting, and post-harvest handling. Countries with high labor costs, such as Japan and the United States, are rapidly adopting farming robotics. The American Farm Bureau Federation (AFBF) reported that 56% of US farms adopted agricultural technology in 2022, with labor shortage as the primary motivation.
Government support and favorable policies are instrumental in advancing the agritech market. Governments worldwide promote smart agriculture through subsidies, research grants, and digital infrastructure development. The European Union's Common Agricultural Policy (CAP) supports farming digitalization, while India invests in Agri startups and rural connectivity. In March 2022, the Canadian government allocated USD 860,000 for agricultural machinery innovation and technology development. Public-private partnerships and collaborations between technology companies and agribusinesses are expanding market opportunities. The agritech industry continues to transform global agricultural practices, improving food production and supply chain efficiencies.
Agritech Market Trends
Agricultural Robotics and Automation is the Fastest Growing Segment
Agricultural robotics and automation are transforming modern farming and represent the fastest-growing segment in the global agritech market. The increasing demand for efficient, sustainable, and high-yield farming practices has accelerated automation adoption in agriculture. Labor shortages, climate change challenges, and precision farming requirements have made agricultural robots and autonomous machinery essential for enhancing productivity and reducing operational costs. The integration of artificial intelligence (AI), machine learning, and IoT-enabled automation in farming continues to advance the sector's technological capabilities.
The global labor shortage in farming is a primary driver of agricultural robotics growth. Countries in North America, Europe, and Japan face an aging farming workforce and declining agricultural workers. Eurostat reports agricultural labor hourly wages increased by approximately 12%, reaching USD 34.4 per hour in 2023. The German Association of Agricultural Employers (GLFA) reported a significant decrease in seasonal immigrant laborers during peak harvest periods. According to World Bank data, agricultural employment in the European Union decreased from 3.96% in 2022 to 3.79% in 2023. This decline and rising labor costs have led farmers to implement robotic solutions, including autonomous tractors, robotic harvesters, and drone-assisted crop monitoring. These technologies reduce manual labor dependency while improving efficiency in repetitive and time-sensitive tasks. Automated seeding, weeding, and spraying systems enhance productivity, reduce chemical usage, and optimize resource allocation.
AI and machine vision technology improvements have enhanced agricultural robots' capabilities. AI-powered systems analyze real-time field data, enabling automated machinery to detect crop diseases, assess soil conditions, and make precise decisions. The integration of moisture sensors and GPS-enabled devices supports sustainable and profitable food production. In January 2022, John Deere launched the 8R driverless tractor, featuring six pairs of stereo cameras providing 360-degree obstacle detection and distance calculation. The tractor combines camera data with GPS and other sensor inputs for obstacle avoidance, navigation, and location tracking. The United States Department of Agriculture confirms that GPS yield and soil mapping, along with variable-rate input technology (VRT) applications, help farms assess field conditions and adjust production practices.
Major manufacturer's innovations continue to advance agricultural robotics adoption. In November 2023, Kubota introduced the MR 1000 Agri Robo 100 HP tractor, featuring both autonomous and manual operation modes to address labor shortages and maintain operational precision. Government support through subsidies and grants promotes smart farming initiatives. The European Union's Common Agricultural Policy (CAP), the U.S. Department of Agriculture's (USDA) precision farming programs, and initiatives in China and India foster automation deployment in agriculture. Venture capital firms and agribusinesses invest in Agri-robotics startups, supporting continuous innovation and market expansion. These robotic solutions are instrumental in addressing global food security challenges and improving agriculture's resilience to climate change.
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North America Dominates the Market
North America, comprising the United States, Canada, and Mexico, represents the largest and most advanced agritech market globally. The region's prominence stems from technological innovation, substantial investment, and a well-developed agricultural sector. The region has integrated AI, IoT, and big data analytics into farming practices. The agricultural landscape spans from technology-intensive commercial farms in the U.S. and Canada to small and medium-sized farms in Mexico, benefiting from both large-scale automation and digital solutions adapted to various farming requirements. The focus on sustainable agriculture and climate-smart farming practices continues to drive agritech adoption across North America.
The United States Department of Agriculture indicates that agriculture, food, and related industries contributed 5.6% of the GDP in 2023. Agricultural activities occupy 40% of the country's land, including livestock grazing areas. Farm sizes increased from 446 acres to 463 acres between 2022 and 2023, according to USDA, supporting the implementation of agricultural robots for complex farming operations, AI-powered machinery, automated irrigation systems, and precision farming tools. The US and Canada's agricultural universities and research institutions continue to advance digital farming, biotechnology, and automation. Mexico's expanding agribusiness sector has increased investments in smart farming techniques, particularly in greenhouse farming and precision irrigation, supporting its export-oriented agriculture industry.
Regional market growth is influenced by high labor costs, persistent labor shortages, and increased technology adoption due to high per-capita disposable income. A California Farm Bureau survey revealed that over 40% of farmers experienced consistent labor shortages in various farm operations over the past five years in the United States. World Bank data indicates that agricultural employment as a percentage of total employment in the United States, Canada, and Mexico decreased to 1.62%, 1.28%, and 12.64% respectively in 2022, declining by 0.04%, 0.05%, and 0.43% from the previous year.
Government policies across North America support agritech expansion. The U.S. Farm Bill supports digital farming advancements through funding for AI-driven farm management systems and automation. Canada's Sustainable Canadian Agricultural Partnership (SCAP) promotes precision agriculture and climate-resilient farming techniques. Statistics Canada reports that in 2023, 920 commercial greenhouse vegetable operations produced 802.2 thousand metric tons of vegetables, a 7% increase from 752.7 thousand metric tons in 2022, demonstrating increased agritech utilization. Regional collaboration in research and technology development enhances North America's agritech capabilities and it continues to advance the global agritech market through improvements in efficiency, productivity, and environmental responsibility.
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Agritech Industry Overview
The agritech market is consolidated, with few players occupying the larger share globally. The major players in the market are Deere & Company, IBM Corporation, AG Eagle LLC, Datacor, Inc (Format Solution), and Corteva Agriscience. These companies compete through product quality and promotional activities to maintain their market positions. The companies are making substantial investments in developing cost-efficient products while pursuing collaborations and acquisitions to expand their market presence and enhance their research and development capabilities.
Agritech Market Leaders
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Deere & Company
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IBM Corporation
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AG Eagle LLC
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Datacor, Inc (Format Solution)
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Corteva Agriscience
- *Disclaimer: Major Players sorted in no particular order
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Agritech Market News
- November 2024: AgroVision merged with AgriSyst, an international agricultural software provider. The merged entity focuses on delivering software solutions to enhance farm productivity and sustainability across Europe. The integration enables farmers to optimize operations, reduce emissions, and improve profitability.
- March 2024: New Holland, a CNH brand, formed a partnership with Bluewhite to integrate AI-driven autonomous technology into New Holland tractors in North America. The multi-year agreement focuses on implementing autonomous solutions for specialty crop operations in orchards and vineyards, with plans for regional and global expansion.
- February 2024: John Deere, working with GUSS Automation, launched the Electric GUSS, the industry's first fully electric autonomous herbicide orchard sprayer. The system allows farmers to operate multiple sprayers remotely, increasing productivity and reducing labor needs.
- February 2023: XAG partnered with FarmInno to deploy autonomous agricultural drones in Thailand. The partnership concentrates on implementing drones with intelligent control systems.
Agritech Industry Segmentation
Agritech refers to the integration of digital technologies, data analytics, artificial intelligence (AI), and automation in farming practices to improve productivity, efficiency, and sustainability. The Agritech Market is segmented by Type (Biotechnology and Biotech, Big Data and Analytics, Robotics and Automation, Sensors and Connected Devices, and Others), Application (Broad Acre Applications, Livestock Farm Management, Indoor Farming, Agrochemicals, Aerial Data Collection, Weather Tracking and Forecasting, Supply Chain Management, Inventory Management, and Others), Offering (Hardware, Software, Other Products, and Services), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts regarding value (USD) for the above-mentioned segments.
| Type | Biotechnology and Biotech | ||
| Big Data and Analytics | |||
| Robotics and Automation | |||
| Sensors and Connected Devices | |||
| Others | |||
| Application | Broad Acre Applications | Field Mapping | |
| Seeding and Planting | |||
| Fertilizing and Irrigation | |||
| Intercultural Operations | |||
| Picking and Harvesting | |||
| Livestock Farm Management | Milking | ||
| Shepherding and Herding | |||
| Others | |||
| Indoor Farming | |||
| Agrochemicals | |||
| Aerial Data Collection | |||
| Weather Tracking and Forecasting | |||
| Supply Chain Management | |||
| Inventory Management | |||
| Others | |||
| Offering | Hardware | ||
| Software | |||
| Other Products | |||
| Services | |||
| Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Rest of North America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Spain | |||
| Italy | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| Japan | |||
| India | |||
| Australia | |||
| Rest of Asia-Pacific | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Africa | South Africa | ||
| Rest of Africa | |||
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Agritech Market Research FAQs
How big is the Agritech Market?
The Agritech Market size is expected to reach USD 32.83 billion in 2025 and grow at a CAGR of 14.22% to reach USD 63.82 billion by 2030.
What is the current Agritech Market size?
In 2025, the Agritech Market size is expected to reach USD 32.83 billion.
Who are the key players in Agritech Market?
Deere & Company, IBM Corporation, AG Eagle LLC, Datacor, Inc (Format Solution) and Corteva Agriscience are the major companies operating in the Agritech Market.
Which is the fastest growing region in Agritech Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Agritech Market?
In 2025, the North America accounts for the largest market share in Agritech Market.
What years does this Agritech Market cover, and what was the market size in 2024?
In 2024, the Agritech Market size was estimated at USD 28.16 billion. The report covers the Agritech Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Agritech Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Agritech Industry Report
Statistics for the 2025 Agritech market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Agritech analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
