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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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:
- The AgriTech sector is getting a lot of attention from investors and is one of the top 10 fastest growing sectors for venture capital funding.
- AgriTech is in our top 10 for regional diversity, with 88.5% of business premises located outside of London.
- On average the roles advertised in this sector are 5.55% higher than the UK’s average salary.
AgriTech verticalsOur 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 1213 companies
Companies developing and implementing new agricultural technologies, with an additional focus on Net Zero advancements in the field.
- AgriTech: AgSciences432 companies
Companies in the field of life sciences pushing for agricultural innovation by providing specialised products or services, like GMO seeds
- AgriTech: Automation152 companies
Companies producing machinery and/or technology that enable the automation of agricultural processes
- AgriTech: Drone Technology87 companies
Companies providing drone technology, or services reliant on drone technology, to the agricultural industry
- AgriTech: Management Platforms173 companies
Companies providing software and/or platforms that enable agricultural data management and analytics
- AgriTech: Precision Farming71 companies
Set of products and/or services that enable real-time and off-field monitoring and control of agricultural processes
- AgriTech: Remote Sensing382 companies
Companies providing products that make possible agricultural monitoring off-field
- AgriTech: Vertical Farming109 companies
Companies producing the technology and related services and infrastructure that enable vertical farming
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
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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