The agritech industry is on the brink of a transformative era, with its market projected to reach $48.01 billion by 2028. Leaders like CNH Industrial and
Kubota Corporation are driving innovations in precision and vertical farming, robotics, and supply chain transparency. Digital agriculture is also on the rise, leveraging AI and crop monitoring technologies from firms like DTN and Farmers Edge. This sector is expanding with applications in field mapping, weather tracking, and farm management.
Another significant growth area is the Farming as a Service (FaaS) market, expected to soar to $14.63 billion by 2032. Key players such as John Deere and IBM are at the forefront, responding to the urban demand for fresh food. Additionally, the agrivoltaics market is thriving, integrating energy solutions with agriculture, projected to reach $4.59 billion by 2024.
The integration of IoT in fisheries and aquaculture, alongside AI applications in animal health, is set to revolutionize these industries. The drive towards sustainability is further evidenced by the booming climate-resilient technologies market, estimated to reach $25.36 billion by 2028. These advancements highlight a promising future for agritech, addressing global challenges and enhancing productivity.
