Agtech in South Korea

Agtech in South Korea

Summary

Agtech in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Agtech refers to the use of technology in farming and agriculture aimed to improve the efficiency, productivity, and sustainability of food production.
• The South Korean agtech market had total revenues of $172.3 million in 2023, representing a compound annual growth rate (CAGR) of 16.7% between 2018 and 2023.
• The devices segment accounted for the market's largest proportion in 2023, with total revenues of $110.2 million, equivalent to 63.9% of the market's overall value.
• South Korea accounted for a 3.7% market share of the Asia-Pacific Agtech market in 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the agtech market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the agtech market in South Korea
• Leading company profiles reveal details of key agtech market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea agtech market with five year forecasts

Reasons to Buy

• What was the size of the South Korea agtech market by value in 2023?
• What will be the size of the South Korea agtech market in 2028?
• What factors are affecting the strength of competition in the South Korea agtech market?
• How has the market performed over the last five years?
• Who are the top competitors in South Korea's agtech market?