Precision Viticulture Market - Global Trends, Size, and Forecast 2018-2022

Global Precision Viticulture Market Overview

The global precision viticulture industry will grow at a CAGR of 9% approximately between 2018 and 2022. This report provides precision viticulture market analysis by geography (the Americas, APAC, and EMEA), product (hardware and software and services), and technology (guidance systems, remote sensing, and variable rate technology). This research also analyses the various precision viticulture market trends like the growing demand for premium wines and its impact of the growth patterns within the precision viticulture market. Further, Techanvio offers an overview of the competitive landscape and a detailed insight on the key players within the precision viticulture market. These includes vendors like Ag Leader Technology, AHA Viticulture, Deere & Company, Esri Australia, and Trimble.

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Global Precision Viticulture Market Forecast

Technavio’s precision viticulture industry analysis offers a market forecast for the years 2018-2022, using 2017 as the base year for all calculations. Our industry analysis predicts that the precision viticulture market will grow by over USD 550 million by 2022, and the EMEA will account for 50% of global growth. Purchase Technavio’s full report for a deep dive into the future of specific regions and segments, as well as the factors that will drive growth over the next five years.

Global Trends and Drivers

According to our market research experts within the precision viticulture market, the growing government support for adoption of precision viticulture is considered to be one of the key factors responsible for the increase in demand for precision viticulture market across the globe. It has been observed that the governments across the globe, especially in the US, have been significantly pro-active in spreading awareness about the advantages of precision viticulture techniques. In 2017, the National Institute of Food and Agriculture (NIFA) funded an ongoing project on precision vineyard management. The primary aim of the project was to help the winegrape growers to understand the advantages of precision viticulture through better farm management practices. Also, this project aimed at ensuring that the vineyards follow sustainable practices while getting better yield. According to our market research experts, these efforts made by governments to enhance the profitability of vineyard and winery in regions across the globe may prove to be pivotal in augmenting growth in the precision viticulture market over the forecast period.

Market experts within the wine industry believe that the premium wine market will grow significantly over the next few years. This demand for high-quality wine is expected to influence the growth of the wine market across the globe. To achieve the capability to have a higher yield along with having high quality grapes, wine-grape growers need to depend heavily on precision viticulture in vineyards. Further, the farmer gets the ability to do better yield monitoring, which in turn provides a better vine growth. These trends are expected to augment growth and establish a sustainable viticulture industry in the coming years.

Competitive Landscape: Leading Precision Viticulture Companies

Industry experts believe that the market was fragmented in 2017, however, it may become fairly concentrated by the end of 2022. This pattern may provide a growth opportunity for a few prominent players operating in the global market. Companies may compete on factors like price, quality, innovation, service, reputation, distribution, and promotion. Technavio’s market research report presents a detailed market analysis of the changing vendor landscape along with their implication on the global market. This analysis is aimed to offer businesses a significant competitive advantage over other players operating with the same domain. Our vendor's analysis dives deep into the products and services offered by the prominent players in the market space. The leading companies in the precision viticulture market include:

• Ag Leader Technology
• AHA Viticulture
• Deere & Company
• Esri Australia
• Trimble

Key Questions Answered in the Report

• What will the global precision viticulture market share and the growth rate be in 2021?

• What are the key precision viticulture trends driving the global market?

• What are the key global smoothies market trends impacting the growth of this market?

• What are the challenges to market growth?

• Who are the top companies in the global market?

• What are the market opportunities and threats faced by the vendors in the global market?

• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?

• What are the key outcomes of Porter’s Five Forces analysis of the global market?