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Real-Time Industrial Classifications

UK AgriTech Industry

We’ve mapped the UK’s growing AgriTech industry using Real-Time Industrial Classifications (RTICs). Find out more about the companies investing in new agricultural technologies today using our innovative financial, investment and company data.

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What is AgriTech?

AgriTech is the sector term used to describe Agricultural Technology. In short: it’s the use of technology in farming to help improve efficiency, sustainability, and profitability, allowing us to make more from less.

With new technological advancements and a concentration in renewable practices, the UK’s agricultural industry has seen a radical transformation in recent decades, resulting in the emergence of a thriving new AgriTech sector. The industry is made up of companies developing and implementing new agricultural technologies with a focus on Net Zero, through automation, drone technology, precision framing and more.

AgriTech sector summary

Key information you should know about the AgriTech sector from our AI-driven platform of over 5 million companies:

  • AgriTech has turnover of £13.48bn, meaning it is our 41st largest RTIC, and our 30th fastest growing sector.
  • The AgriTech sector has not received additional investor attention in recent years and the amount of venture capital funding is not increasing as fast as our other emerging economy sectors.
  • On average the roles advertised in this sector are 13.34% lower than the UK’s average salary.
1,229
COMPANIES CONSIDERED
£13.5bn
TOTAL TURNOVER
25,449
TOTAL EMPLOYEES
£1.3bn
TOTAL INVESTMENT FUNDING
£919.3m
TOTAL INNOVATE UK GRANT FUNDING
7.0%
AVERAGE COMPANY GROWTH PER YEAR

AgriTech verticals

Our AgriTech RITC is made up of seven individual industry verticals, from companies pushing for agricultural innovation in AgSciences to those producing technology that enables the growing of crops indoors in Vertical Farming.
  • Sector Code Description Records
  • RTIC0003 AgriTech 1202 companies

    Companies developing and implementing new agricultural technologies, with an additional focus on Net Zero advancements in the field.

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    • AgriTech: AgSciences

      Companies in the field of life sciences pushing for agricultural innovation by providing specialised products or services, like GMO seeds

      515 companies
    • AgriTech: Automation

      Companies producing machinery and/or technology that enable the automation of agricultural processes

      150 companies
    • AgriTech: Drone Technology

      Companies providing drone technology, or services reliant on drone technology, to the agricultural industry

      99 companies
    • AgriTech: Management Platforms

      Companies providing software and/or platforms that enable agricultural data management and analytics

      209 companies
    • AgriTech: Precision Farming

      Set of products and/or services that enable real-time and off-field monitoring and control of agricultural processes

      83 companies
    • AgriTech: Remote Sensing

      Companies providing products that make possible agricultural monitoring off-field

      377 companies
    • AgriTech: Vertical Farming

      Companies producing the technology and related services and infrastructure that enable vertical farming

      114 companies

AgriTech industry growth

We estimate that the UK AgriTech industry could be worth almost £13bn by 2027, based on the compound annual growth rate (CAGR) of 3.2%. Below you can see the five year turnover forecast for the RTIC from 2023 to 2027.

Get your free AgriTech report

Dig deeper into the UK’s AgriTech industry with our free 2022 RTIC report, which includes:

– Summary of RTIC data & industry performance
– Overview of key verticals
– Geographic analysis & breakdown
– Key insights & trends

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Real-Time Industrial Classifications (RTICs)

At The Data City we’re mapping the emerging economy through accurate and reliable real-time data. We’ve produced Real-Time Industrial Classifications (RTICs) for some of the UK’s fastest growing sectors, across over 350 industry verticals, including AgriTech.

Discover more RTICs and access our other free reports today.

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