Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research, Precision viticulture aids in increasing the output of the vineyard by providing enhanced monitoring and control of the area under cultivation.
Precision Viticulture Market Growth & Trends
The global precision viticulture market size is expected to reach USD 2.55 billion by 2027, registering a CAGR of 9.2% from 2020 to 2027, according to a new report by Grand View Research, Inc. The increasing focus of farmers on ensuring farm productivity coupled with the rising need to monitor grape quality is the key factor driving the adoption of advanced technology solutions at vineyards. Moreover, the demand for high-quality grapes from vine manufacturing companies is further encouraging vineyard owners to adopt precision viticulture technologies at vineyards.
Precision viticulture also includes the use of services including system integration and consulting, farm operation services, supply chain management services, and climate information services, for grape cultivation. These services are provided to the vineyard owner for assisting in the proper implementation and integration of precision technologies in vineyard practices. Moreover, the companies also offer data and analytics services that provide an in-depth analysis of the vineyards based on the data collected by different hardware and software components. The need for quality produce and better farm management is propelling the demand for precision viticulture technologies worldwide.
Moreover, the use of drones has been increasing over the years owing to the advancements in guidance systems in combination with automation. Drones provide real-time imagery and state of the crops and soil. This helps growers take preventive action to avert crop damage by analyzing/monitoring crops and identify areas where the crop is infected or has chances of failure. Vine grapes are considered high-value crops and therefore require proper maintenance and monitoring. Thus, the adoption of technologies in vineyard practices is anticipated to further witness growth during the forecast period.
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Precision Viticulture Market Report Highlights
The hardware segment held the largest market share in 2019 owing to the increasing use of technologies such as Global Positioning System (GPS), environmental sensors, drones, and remote sensing for capturing high-resolution spatial data
The cloud-based software segment is anticipated to register the highest CAGR during the forecast period. Elimination of infrastructure cost is the key factor driving the growth of the segment
Guidance systems held the largest revenue share of 29.4% in 2019 owing to greater use of GPS systems for capturing and recording highly analytical spatial data
Europe accounted for the largest revenue share in 2019, followed by the Asia Pacific and the Middle East and Africa. The presence of large vineyards and increased adoption of precision viticulture technologies among growers in the region are the primary factors supporting high regional market share
Some of the prominent players in the market include Deere & Company, Trimble, Topcon, Teejet Technologies, and Aha Viticulture
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Precision Viticulture Market Segmentation
Grand View Research has segmented the global precision viticulture market based on component, application, and region:
Precision Viticulture Component Outlook (Revenue, USD Million, 2016 - 2027)
Application Control Device
Variable Rate Technology (VRT)
System Integration & Consulting
Farm Operation Services
Assisted Professional Services
Supply Chain Management Services
Climate Information Services
Precision Viticulture Application Outlook(Revenue, USD Million, 2016 - 2027)
Weather Tracking & Forecasting
Farm Labor Services
Precision Viticulture Regional Outlook (Revenue, USD Million, 2016 - 2027)
Middle East & Africa
List of Key Players of Precision Viticulture Market
Deere & Company
Atlas Vineyard Management, Inc.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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