According to a market report by Lucintel, the future of the precision viticulture market looks promising with opportunities in the yield monitoring, field mapping, crop scouting, weather tracking & forecasting, irrigation management, inventory management, farm labor management, and financial management applications. The precision viticulture market is expected to grow with a CAGR of 8.8% from 2019 to 2024. The major drivers for this market are growing implementation of new technologies in farming for maximum profitability & production and government support for the adoption of modern viticulture techniques.
In this market, guidance systems, remote sensing, and variable rate technology are the technologies of precision viticulture system used for different applications. On the basis of comprehensive research, guidance system will remain the largest technology over the forecast period because these technologies collect real time data with accurate position information for future treatments. It also used to assess the present field information and provide alternative management by combining and manipulating data layers to make effective decisions.
Within the precision viticulture market, yield monitoring will remain the largest application due to increase in demand for high quality grapes and improve vineyard performance and quality while minimizing environmental impact and risk.
Asia Pacific will remain the largest region over the forecast period due to the wide acceptance and availability of guidance systems, especially in countries such as Australia & New Zealand, China, and India along with its growth potential.
AG Leader Technology, Aha Viticulture, Ateknea Solutions, Deveron Uas, Groupe ICV, John Deere, Quantislabs, Teejet Technologies, Terranis, Topcon, Tracmap and Trimble are among the major players of precision viticulture market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Precision viticulture market by product/service, technology, application, and region. Lucintel has prepared a comprehensive research report titled "Precision Viticulture Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the precision viticulture market by product/service, technology, application, and region as follows:
By Product/Service [$M shipment analysis for 2013 – 2024]:
• Hardware
o Automation & Control Systems
o Sensing & Monitoring Devices
• Software
o Local/Web-based
o Cloud-based
• Services
o System Integration and Consulting
o Managed Services
o Farm Operation Services
o Data Services
o Analytics Services
o Connectivity Services
o Assisted Professional Services
o Supply Chain Professional Services
o Climate Information Services
o Others (Financial Management and Inventory Management Services)
o Maintenance & Support
By Technology [$M shipment analysis for 2013 – 2024]:
• Guidance Systems
o Global Positioning System (GPS)
o Geographic Information System (GIS)
• Remote Sensing
o Handheld
o Satellite Sensing
• Variable Rate Technology
By Application [$M shipment analysis for 2013 – 2024]:
• Yield Monitoring
o On-Farm
o Off-Farm
• Field Mapping
o Boundary Mapping
o Drainage Mapping
• Crop Scouting
• Weather Tracking & Forecasting
• Irrigation Management
• Inventory Management
• Farm Labor Management
• Financial Management
• Others (Demand Forecasting, Customer Management, and Profit Center Analysis)
By Region [$M shipment analysis for 2013 – 2024]:
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Indonesia
o Rest of Asia Pacific
• ROW
o Brazil
o Argentina
o Saudi Arabia
o Others
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link………[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the precision viticulture market by product/service (hardware, software, and services), technology (guidance systems, remote sensing, and variable rate technology), application (yield monitoring, field mapping, crop scouting, weather tracking & forecasting, irrigation management, inventory management, farm labor management, financial management, and others), and region (North America, Europe, Asia Pacific, and RoW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the precision viticulture market?
Q.5 What are the business risks and threats to the precision viticulture market?
Q.6 What are the emerging trends in the precision viticulture market and the reasons behind them?
Q.7 What are some changing demands of customers in the precision viticulture market?
Q.8 What are the new developments in the precision viticulture market? Which companies are leading these developments?
Q.9 Who are the major players in the precision viticulture market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the precision viticulture market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in the precision viticulture market?