Precision Viticulture - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Precision Viticulture Market is accounted for $1,015.00 million in 2017 and expected to grow at a CAGR of 10.1% to reach $2,420.95 million by 2026. Factors such as increase in demand for high-quality grapes, implementing new technologies in farming for maximum profitability & production and huge support provided by the government for viticulture techniques are favouring the market growth. In addition, increase in usage of unmanned aerial vehicles/drones is likely to provide ample opportunities to the market growth during the forecast period. However, high initial capital investments and lack of technical awareness are some of the factors inhibiting the growth of the market.
Precision viticulture is a scientific technique used by large wineries to manage accordingly large vineyard areas. It identifies and maintains variability within vineyards, improve vineyard performance, maximising grape yield and quality while minimising environmental impacts and risk. Precision viticulture depends on new and emerging technologies such as Global Positioning Systems (GPS), meteorological and other environmental sensors, satellite and remote sensing, and Geographic Information Systems (GIS) to assess and respond to variability. The use of Precision Viticulture technologies can deeply help grape growers and wine producers manage variability within their vineyards and the factors influencing vine performance. Growers are using these technologies to minimise expenditure.
By Technology, Guidance systems segment acquired considerable market share during forecast period. Guidance systems include global positioning system (GPS) and geographic information system (GIS) technologies. These technologies enable the coupling of real-time data collection with accurate position information for future treatments and are used to assess the present field information and provide alternative management by combining and manipulating data layers to make effective decisions. By Product, services segment commanded significant share due to the services such as managed services, maintenance & supporting services and connectivity services provided to growers and winemakers.
Asia Pacific dominated the global market during the forecast period due to higher adoption of new technologies, increasing awareness of technical awareness, innovative yield monitoring solutions, presence of large farmlands and increasing adoption of agricultural technologies.
Some of the key players in Global Precision Viticulture market are AG Leader Technology, Aha Viticulture, Ateknea Solutions, Deveron Uas, Groupe ICV, John Deere, Quantislabs, Teejet Technologies, Terranis, Topcon, Tracmap and Trimble.
• Crop Scouting
• Irrigation Management
• Farm Labor Management
• Financial Management
• Inventory Management
• Weather Tracking & Forecasting
• Field Mapping
• Yield Monitoring
• Remote Sensing
• Variable Rate Technology
• Guidance Systems
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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