Bharat Book Bureau Provides the Trending Market Research Report on“Global Precision Viticulture Market, Forecast to 2022” underFood & Beverages category. The report provides information on industry overview, market size, latest developments, industry trends,Large Players, global presence, and their future prospects.
Precision Viticulture Market is projected to grow at aCAGR of 8.81% during the forecast period
The precision viticulture market is projected to reachUSD 1,546.6 million by 2022, from USD 1,014.0 million in 2017, at a CAGR of 8.81% from 2017 to 2022. The market is driven by government support for the adoption of modern viticulture techniques. The high initial capital investments and lack of technical awareness are expected to restrict the market growth.
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The service segment is projected to be the fastest-growing from 2017 to 2022
The service segment is projected to grow at the highest CAGR during the forecast period. The services provided to growers and winemakers such as system integration and consulting, managed services, connectivity services, assisted professional services, and maintenance and support services lead to an increased demand for precision viticulture across the regions.
Weather tracking & forecasting application segment is projected to be the fastest-growing from 2017 to 2022
The weather tracking & forecasting application segment is projected to grow at the highest CAGR during the forecast period. The growing adoption of new technologies in farming for maximum profitability and production is increasing the demand for precision viticulture during the forecast period.
Australia & New Zealand is projected to be the fastest-growing country-level market in the Asia Pacific precision viticulture market during the forecast period
The Asia Pacific precision viticulture market is projected to grow at the highest rate between 2017 and 2022. The demand for precision viticulture is expected to increase in the Asia Pacific region owing to the higher adoption of new technologies and increasing awareness of technical awareness. Precision viticulture is particularly applicable in Australia because of the high variability of soil types across the regions as a major part of dryland farming depends on variable rainfall. Varieties of yield monitoring solutions are available in the precision viticulture market in the region such as HarvestMaster Sensor System HM570, Canlink Grape Yield Monitor 3000GRM, and Advanced Technology and Viticulture (ATV), which is one of the driving factors for the precision viticulture market in Australia & New Zealand. The increasing availability of innovative yield monitoring solutions also drives the precision viticulture market in the Asia Pacific region.
The breakdown of the primaries on the basis of company type, designation, and region conducted during the research study, is as follows:
- By Company type: Tier I – 40%, Tier II – 20%, and Tier III – 40%
- By Designation: C-Level – 20%, Directors – 40%, Others* – 40%
- By Region: North America – 20%, Europe – 20%, Asia Pacific –40%, RoW – 20%
*Others include sales managers, marketing managers, and product managers.
Note: Tier I: Revenue > USD 1 billion; Tier II: Revenue USD 500 million to < USD 1 billion; Tier III: Revenue < USD 500 million
The global market for precision viticulture is dominated by large players such as John Deere (US), Trimble (US), and Topcon (Japan). Some other players include Deveron UAS (Canada), TeeJet Technologies (US), Groupe ICV (France), Tracmap (New Zealand), QuantisLabs (Hungary), Terranis (France), Ateknea Solutions (Spain), AHA Viticulture (Australia), and AG Leader Technology (US).
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