- Remote Sensing
- Handheld Sensing
- Satellite Sensing
- Guidance Systems
- Geographical Information Systems (GIS)
- Global Positioning Systems (GPS)
- Variable Rate Technology
Precision Viticulture Market size was valued at USD 1.4 billion in 2021, growing at a CAGR of 8.1% from 2022-28.The increasing focus on farm efficiency and productivity from vineyards coupled with growing consumption of premium wine worldwide that leads to the growth of the wine market which requires best variety of grapes which requires precision viticulture in vineyards for higher production of grapes. Moreover, increase in demand for high quality grapes and rising adoption of novel technologies in farming for the higher production fuels the growth of the market. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global precision viticulture market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Growers can take the required actions to reduce waste and crop loss by monitoring their fields in real time. Vineyard owners place a high value on the quality of their grapes, so they choose to use innovative technologies for in-depth monitoring of grapes in cultivation or production. Furthermore, sophisticated technology in vineyards aids in the efficient application of fertilisers using variable rate technology (VRT).
Fastest Growing Market
Based on Application, yield monitoring precision viticulture segment is expected to grow at highest CAGR over the forecast years owing to the benefits of the application of the yield monitoring device that includes on-farm yield monitoring and off-farm yield monitoring data. On-farm yield monitoring comprises a combination of components such as a computer or user interface, DGPS receiver, and sensors to accurately measure the number of crops harvested at a specific location and time. Off-farm yield monitoring analyzes the health of the yield after harvesting.
The precision viticulture market size was valued at USD 1.4 billion in 2021
The precision viticulture market is poised to grow at a significant CAGR of 8.1% from 2022 to 2028.
Topcon Corporation (Japan), Trimble, Inc. (U.S.), Deere and Company (U.S.), Quantislabs Kft (Hungary) and TeeJet Technologies (U.S.).
Asia Pacific is dominating the global precision viticulture market.