Precision Viticulture Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Global Positioning Systems, Remote Sensor Systems, Geographical Information Systems, Others), By Application (Field Mapping, Irrigation Management, Yield Monitoring, Weather Tracking And Forecast, Others), By Components (Hardware, Software, Services) And By Geography - Forecasts From 2019 To 2024

Published:  May 2020 Report Code: KSI061612315 Pages: 115

The precision viticulture market is projected to grow at a CAGR of 10.42% to reach US$1,530.721 million by 2024, from US$844.394 million in 2018. Precision viticulture is precision farming used for optimum productivity of grapes and increasing vineyard performance. The growing cost of inputs is pressurizing growers to use advanced technologies and solutions so as to minimize the overall expenditure. A rise in the number of harvest contractors and wine companies installing yield monitors is also contributing to the growth of precision viticulture market. Furthermore, rising cases of pest attacks and the associated surge in production cost are also boosting the adoption of precision viticulture technologies and solutions worldwide.

Geographically, North America holds a significant market share owing to the early adoption of new technologies and the presence of major market players in the region. Europe will also witness a significant CAGR during the projected period on account of high wine consumption across EU countries. The Asia Pacific will also witness growth on account of the rising awareness regarding precision viticulture.

DRIVERS
Growing preference for new technology for maximum efficiency and productivity.
Rising demand for grapes.

RESTRAINTS
High investment costs.

INDUSTRY UPDATE
In April 2019, Trimble launched Farmer Core, a new entry-level Trimble Ag Software subscription that enables farmers to connect all aspects of their farm operation.
In August 2018, Trimble a new agricultural software bundle, Farmer Fit, to its lineup of Trimble Ag Software solutions. Farmer Fit software bundle equips farms of all sizes with a powerful yet affordable field record-keeping and mapping system.

The major players profiled in the precision viticulture market include SmartVineyard, Ateknea Solutions, Teejet Technologies, Aha Viticulture, AG Leader Technology among others.

Segmentation

The precision viticulture market has been analyzed through the following segments:

By technology

Global Positioning Systems
Remote Sensor Systems
Geographical Information Systems
Others

By Application
Field Mapping
Irrigation Management
Yield Monitoring
Weather tracking and Forecast
Others

By Components
Hardware
Sensing and monitoring devices
Control systems

Software
Local web-based
Cloud-based

Services

By Geography
North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others


Frequently Asked Questions (FAQs)

Q1. What will be the precision viticulture market size by 2024?
A1. The precision viticulture market is projected to reach a market size of US$1,530.721 million by 2024.
 
Q2. What are the growth prospects for the precision viticulture market?
A2. The precision viticulture market is projected to grow at a CAGR of 10.42% during the forecast period.
 
Q3. What is the size of global precision viticulture market?
A3. Precision Viticulture market was valued at US$844.394 million in 2018.
 
Q4. Which region holds the largest market share in the precision viticulture market?
A4. Geographically, North America holds a significant market share owing to the early adoption of new technologies and the presence of major market players in the region.
 
Q5. What factors are anticipated to drive the precision viticulture market growth?
A5. A rise in the number of harvest contractors and wine companies installing yield monitors is also contributing to the growth of precision viticulture market.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. PRECISION VITICULTURE MARKET BY TECHNOLOGY
5.1. Global Positioning Systems
5.2. Remote Sensor Systems
5.3. Geographical Information Systems
5.4. Others
6. PRECISION VITICULTURE MARKET BY APPLICATION
6.1. Field Mapping
6.2. Irrigation Management
6.3. Yield Monitoring
6.4. Weather Tracking And Forecast
6.5. Others
7. PRECISION VITICULTURE MARKET BY COMPONENT
7.1. Hardware
7.1.1. Sensing and Monitoring Devices
7.1.2. Control Systems
7.2. Software
7.2.1. Local web-based
7.2.2. Cloud-based
7.3. Services
8. PRECISION VITICULTURE MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. TerraNIS
10.2. TOPCON CORPORATION
10.3. Trimble Inc.
10.4. TracMap Ltd.
10.5. SmartVineyard
10.6. Ateknea Solutions
10.7. Teejet Technologies
10.8. Aha Viticulture
10.9. AG Leader Technology
LIST OF FIGURES
LIST OF TABLES

TerraNIS
TOPCON CORPORATION
Trimble Inc.
TracMap Ltd.
SmartVineyard
Ateknea Solutions
Teejet Technologies
Aha Viticulture
AG Leader Technology

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