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:

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.
On average the roles advertised in this sector are 24.13% higher than the UK’s average salary
The AgriTech sector is one of the top 10 fastest growing recipients of Innovate UK grants.

1,225

COMPANIES CONSIDERED

£11,429,474,909

TOTAL TURNOVER

36,821

TOTAL EMPLOYEES

£1,244,760,000

TOTAL INVESTMENT FUNDING

£546,821,818

TOTAL INNOVATE UK GRANT FUNDING

4.7%

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 1225 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
  432 companies
- AgriTech: Automation
  Companies producing machinery and/or technology that enable the automation of agricultural processes
  152 companies
- AgriTech: Drone Technology
  Companies providing drone technology, or services reliant on drone technology, to the agricultural industry
  87 companies
- AgriTech: Management Platforms
  Companies providing software and/or platforms that enable agricultural data management and analytics
  173 companies
- AgriTech: Precision Farming
  Set of products and/or services that enable real-time and off-field monitoring and control of agricultural processes
  71 companies
- AgriTech: Remote Sensing
  Companies providing products that make possible agricultural monitoring off-field
  382 companies
- AgriTech: Vertical Farming
  Companies producing the technology and related services and infrastructure that enable vertical farming
  109 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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