Precision Viticulture Market Share, Growth & Forecast [2031]

Report Description

The global precision viticulture market size is projected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the precision viticulture which aids in rising the output of the vineyard by offering better control and monitoring of the region under cultivation.

Precision viticulture includes several state-of-the-art systems and devices counting application control devices, drones, guidance systems, and driverless tractors, among others. Farmers are increasingly implementing these devices and systems into their vineyard production procedures for rising the quality and productivity of grapes. Devices such as drones and other devices are offering easy handling of vineyard related to crop health. Through analyzing the data collected, landlord are able to take precautions and preventive steps for ideal growth of the production. Several types of sensors for instance sensors, temperature, humidity sensors, and soil sensors help to gather information that is crucial to the quality of the grapes.

Get Free Sample Report

This technique depends on recent technology development including geographic information system, global positioning system, meteorological, and other environmental sensors. Precision viticulture helps maintain the fertilizer application, soil’s fertility, weeds, diseases, harvesting, and water level for grape cultivation. It also reduces the environmental track of production while minimizing the linked risks for processers and growers. Hence, precision viticulture observes extensive exercise in weather tracking and forecasting, yield monitoring, and easy managing of the vineyard and inventory.

Market Trends, Drivers, Restraints, and Opportunities

• Global precision viticulture market is primarily influenced by increasing awareness about precision viticulture practices. This is projected to propel the market growth during the forecast period.
• Several government initiatives regarding the acceptance of the recent practices in agriculture or fruit farming are major factors expected to boost the market growth.
• Technology advancements such as launch of state-of-the-art devices and systems such as driverless tractors and drones are offering a positive outlook for the market. This is expected to fuel the market expansion.
• Utilization of innovative precision viticulture technology such as VitiCanopy, supports in maintaining the health and growth of the vineyard. This is creating enormous growth opportunities of the market across the world. 
• Reduced in production better-quality and cost produce are some of the benefits offered by the rigorousness viticulture technologies.

Scope of the Report                         

The report on the global precision viticulture market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Hardware segment is projected to account for a key market share

Based on components, the global precision viticulture market is segmented into hardware, software, and services. The hardware segment is further divided into drones, application control device, guidance system, remote sensing, variable rate technology, driverless tractors, mobile devices, and others. The guidance system is sub-segmented into GPS and GIS; while the variable rate technology segment is further segmented into map-based and sensor-based. Furthermore, the software segment is sub-classified into cloud-based and web-based. The services segment is categorized into system integration & consulting, managed services, and assisted professional services. The managed services segment is then segmented into farm operation services, data services, and analytic services. The assisted professional services segment is divided into supply chain management services and climate information services. 

Get Free Sample Report

The hardware segment is projected to account for a key share of the market during the forecast period due to increasing use of GIS for visualizing and analyzing the field and thereby determine the appropriate location for the vineyard. However, the software segment is anticipated to expand at a rapid pace during the forecast period as these solutions help vineyard owners in eliminating the costs involved in maintaining the IT infrastructure.

Yield monitoring segment is estimated to expand at a robust growth rate

In terms of applications, the market is differentiated into yield monitoring, crop scouting, irrigation management, weather tracking & forecasting, field mapping, inventory management, and farm labor services. The yield monitoring is further segmented into on-farm and off-farm. The yield monitoring segment is estimated to expand at a robust growth rate during the forecast period owing to owing to various benefits offered in terms of identifying the effects of both external and internal forces. Meanwhile, the weather tracking & forecasting segment is expected to exhibit a high growth rate during the projected period due to the imminent need for crop safety and to ensure crop quality.

North America is anticipated to constitute a key market share

In terms of regions, the global precision viticulture market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the forecast period due to growing demand for advanced precision viticulture techniques. The market of Asia Pacific, however, is expected to account for a major share of the market in the coming years as vineyard owners in the region are increasingly shifting toward advanced mechanized practices.

Get Free Sample Report