Global Precision Viticulture Market To Show Rapid Growth And Reach USD 4.00 Billion by 2032

According to Zion Market Research, the global Precision Viticulture Market was worth USD 1.58 Billion in 2023. The market is forecast to reach USD 4.00 Billion by 2032, growing at a compound annual growth rate (CAGR) of 10.9% during the forecast period 2024-2032. Factors such as implementing latest techs in farming for utmost production & profitability, rise in requirement for high-quality grapes, and huge support offered by the government for viticulture methods are favoring the growth of the global market. Moreover, rise in employment of UAVs is expected to offer ample growth avenues to the growth of the market in the years to come. On the other hand, lack of technological awareness and high initial capital spending are some of the reasons hindering the market growth.

Some of the major players in global precision viticulture market are Aha Viticulture, AG Leader Technology, Deveron Uas, Ateknea Solutions, John Deere, Groupe ICV, Teejet Technologies, Quantislabs, Topcon, Terranis, Trimble, and Tracmap.

New And Emerging Technologies To Drive The Growth Of The Global Precision Viticulture Market

Precision viticulture is a scientific method employed by huge wineries to regulate accordingly huge vineyard regions. It maintains and identifies variability inside vineyards, enhances performance of vineyard, thereby maximizing grape quality and yield while minimizing environmental risk and impacts. Precision viticulture relies on new and emerging techs such as environmental & meteorological sensors, GPS (Global Positioning Systems), GIS (Geographic Information Systems), and remote sensing & satellite to respond and assess to variability. The employment of precision viticulture techs can profoundly assist wine producers and grape growers manage variability inside their vineyards and the factors affecting performance of the vine. Growers are employing these techs to lower the expenditure.

Guidance Systems Segment To Grab A Huge Share Of The Global Precision Viticulture Market

By tech, guidance systems segment will grab substantial share of the market in the years to come. Guidance systems comprise GPS and GIS techs. These techs allow the pairing of real-time data gathering with precise position data for future actions and are employed to assess the current field data and offer optional management by manipulating and combining info layers to make effectual decisions. By product, services segment got major share owing to the services such as supporting & maintenance services, managed services, and connectivity services offered to winemakers and growers.

Asia Pacific To Maintain The Dominance In The Global Precision Viticulture Market In The Forecast Period

Asia Pacific will rule the global market in the long run owing to rising awareness related to tech, higher acceptance of new techs, existence of huge farmlands, innovative yield monitoring solutions, and rising acceptance of agricultural tech.

Browse the full “Precision Viticulture Market Size, Share & Trends Analysis - By Products (Hardware, Software, and Services), By Applications (Irrigation Management, Crop Scouting, Financial Management, Farm Labor Management, Weather Tracking & Forecasting, Inventory Management, Yield Monitoring, and Field Mapping), By Technologies (Variable Rate Technology, Remote Sensing, and Guidance Systems), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/precision-viticulture-market

The global precision viticulture market is segmented as follows:

By Products:

• Software
• Hardware
• Services

By Applications:

• Crop Scouting
• Irrigation Management
• Farm Labor Management
• Financial Management
• Inventory Management
• Weather Tracking & Forecasting
• Field Mapping
• Yield Monitoring

By Technologies:

• Remote Sensing
• Variable Rate Technology
• Guidance Systems

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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