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Deep Tech Market Size, Share, and COVID Impact Analysis, By Technology (Computing Technologies, Novel AI, Novel Energy, Space Tech, Synthetic Biology, and Others (Cybersecurity, and Others)), By Enterprise Type (Large Enterprises and SMEs), By Industry (Retail and Consumer Goods, Technology, Media, And Telecommunications, Pharmaceuticals and Healthcare, Real Estate and Hospitality, Financial Institutions and Insurance, Transportation, Energy, And Natural Resources), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108251 | Status : Ongoing



Deep technology, or deep tech, indicates businesses, typically start-up firms that are focused on high-tech innovation or mission-critical expertise to solve complex problems of end users. This technology is the fourth wave of innovation after the industrial, information, and digital revolution. A deep tech firm brings transformative technology from the lab to the customers and democratized research infrastructure. Furthermore, the globally increasing available funding in recent years has led to the significant rise of deep tech companies in emerging markets.

The deep tech market is predicted to showcase accelerating growth rate in the upcoming years, driven by the increasing investments and innovations of deep tech-focused venture capital firms across the globe. For instance,

  • On April 2023, Speciale Invest launched its new growth fund I with an initial investment of USD 1 Billion, intending to raise USD 2 Billion in the coming months. This investment will provide series A and above funding to its existing deep technology-based start-up firms.

Impact of COVID-19 on the Deep Tech Market:

The COVID-19 pandemic accelerated the digital transformation and necessitated minimizing close, day-to-day, people-to-people interactions. This has impacted the deep tech market growth, further primarily augmenting by AR and VR technologies. According to the 2020 Global Technology Leadership Study report, several industries planned an increase in their technology budget before the pandemic crisis. However, the amount planned varied widely across these industries, from less than 2% to more than 10%. Thus, the market during the pandemic showcased steady growth.

On the other hand, in the coming years, the market is expected to showcase significant growth post the pandemic crisis. The deep tech start-up firms are utilizing the investment strategy to focus on supporting quantum tech, space tech, green hydrogen, aerospace, robotics, and industrial deep tech ventures, among others.


By Industry – The below table showcases the percentage of industries that consider the most relevant deep technology trends in the coming years (%) (Source: BCG and Natixis Explore Tech Survey 2021)

Most Considered Deep Tech Trends in Various Industries (%)


AI and cognitive algorithms

Block chain

Quantum computing

Advanced materials



3D and universal printing

Retail and consumer goods








Technology, media, and telecommunications








Pharmaceuticals and health care








Real estate and hospitality








Financial institutions and insurance
















Energy and natural resources









Deep technologies have been beneficial for several industries in different ways. For instance, block chain allows companies to control and optimize their supply chain. The food industry deployed and implemented this approach to benefit from the results. Furthermore, AR VR technologies are revolutionizing the retail industry by improving customer experience and loyalty, increasing sales and giving users a competitive advantage.

According to BCG and Natixis Explore Tech Survey, 54% respond that AR and VR have been highly relevant among retail and consumer goods firms. At the same time, 48% in real estate expect VR to transform the transaction and construction experience. Thus, these applications across industries are significantly impacting the market globally.

Key Insights

The report will cover the following key insights:

  • Micro Macro Economic Indicators

  • Drivers, Restraints, Trends, and Opportunities

  • Business Strategies Adopted by the Key Players

  • Impact of COVID-19 on the Global Deep Tech Market

  • Consolidated SWOT Analysis of Key Players

Regional Analysis

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The global deep tech market is distributed into five regions: North America, South America, Europe, the Middle East & Africa, and Asia Pacific. According to Dealroom.co, the European deep tech start-ups raised around USD 17.7 Billion in 2022, which accounted for 60% more than 2020, but 22% less than in 2021. Furthermore, in deep tech investment race, Europe lags far behind the U.S., and China lies far ahead of the entire European Union. The below bar graph showcases the global VC investment in deep tech, by start-up HQ in (2020-2022).

Source: Dealroom.co

Owing to these reasons, Europe is expected to grow at an emerging stage. Furthermore, the North American region holds the largest share in the global market due to the presence of a large number of deep tech firms in 2022.

Moreover, Asia Pacific is expected to grow progressively owing to the increasing investment activities in China towards deep tech, which was around 71% of tech deal value in 2022. Both Chinese and Western investors have increased their activity in Southeast Asia. Thus, the South East Asian region is expected to grow at a significant rate.

The distribution of the global deep tech market by region of origin is as follows:

  • North America – 34%

  • South America – 5%

  • Europe – 29%

  • Middle East and Africa – 8%

  • Asia Pacific – 24%

Key Players Covered

The key players in this market include Speciale Invest, Agnikul, CropIn Technology Solutions, Medicus AI, Scoutbee, Nuritas Ltd., Stratforge, Astrodome, Agnext, and Astrome, and others.

Report Scope & Segmentation

By Technology

By Enterprise Type

By Industry

By Region

  • Computing Technologies

  • Novel AI

  • Novel Energy

  • Space Tech

  • Synthetic biology

  • Others (Cybersecurity, and others)

  • Large Enterprises

  • SMEs

  • Retail and consumer goods

  • Technology, media, and telecommunications

  • Pharmaceuticals and health care

  • Real estate and hospitality

  • Financial institutions and insurance

  • Transportation

  • Energy and natural resources

  • North America (U.S., Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of MEA)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

Key Industry Developments

  • December 2022: Astrome, a Bangalore headquartered deep-tech start-up, deployed an E-band radio intending to provide affordable internet connectivity in rural areas of Karnataka.

November 2022: Agnikul Cosmos introduced a launchpad and a mission-critical center at Satish Dhawan Space Centre in Sriharikota. With this launch, the facility will enable the firm to launch its vehicle from the base while continuing the work at ISRO.

  • Ongoing
  • 2023
  • 2019-2022

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