Agritech Platform Market Scope
Agritech Platforms provide farmers with smart agricultural solutions using a variety of current technology. The agritech platform assists farmers in determining the best sowing times, tracking the health of their crops throughout their cycle, identifying moisture patterns in crops, identifying nutrient movement and behaviour, and predicting when and where crops require protection products, all while operating in a variety of field conditions. Farmers can also use the agritech platform to market their produce at a profit. Crop identification and estimation utilizing remote sensing technologies, advising services for farmers, post-harvest intelligence for farmers, connecting farmers to the market, and giving financial access to farmers are all part of the digital agricultural platform.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | CropX (Israel), Arable (United States), Gamaya (Switzerland), Agro-star (India), Waycool (India), Ninja Cart (India), Cropsafe (United Kingdom), Farmlink (India), Machine Eye (United Kingdom), CropIn (India) and Intello Labs (India) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Indian Vendors will contribute to the maximum growth of Global Agritech Platform market throughout the predicted period.
CropX (Israel), Arable (United States), Gamaya (Switzerland), Agro-star (India), Waycool (India), Ninja Cart (India), Cropsafe (United Kingdom), Farmlink (India), Machine Eye (United Kingdom), CropIn (India) and Intello Labs (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are AgNext- (India), Unnati (India) and AgriBazaar (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Agritech Platform market by Type , by Application (Yield Monitoring, Variable Rate Application, Field Mapping, Soil Monitoring, Crop Scouting and Other) and Region with country level break-up.
On the basis of geography, the market of Agritech Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In Arpil 2020-, AeroFarms will focus on cutting-edge research and development (R&D) and commercialization of essential local crops using its knowledge and unique indoor vertical farming technology, which uses up to 95% less water and no pesticides than conventional field farming.
Influencing Trend:
Increasing Popularity About Digital Agritech Platform
Market Growth Drivers:
Increasing Agriculture Sector In Develop Regions
Challenges:
Lack Of Awareness About Agriculture Platform
Restraints:
High Cost Of Operation Of Agriculture Platform
Opportunities:
Higher Investment In Sophisticated Agriculture Technology and Government Favorable Incentives For Development Of Agriculture Sector
Key Target Audience
Agritech Platform, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others