Precision Viticulture Market projected to grow between 2017 and 2023
The report published by Knowledge Sourcing Intelligence titled “Precision Viticulture Market - Forecast From 2018 to 2023” studies the various factors affecting the demand for precision viticulture across the globe. The report has been segmented by technology (global positioning systems (GPS), remote sensing, meteorologic solutions, geographic information systems (GIS), others), by application (field mapping, yield monitoring, irrigation management, weather tracking and forecasting, others), and by geography, covering five regions namely North America, South America, Europe, Middle East and Africa and the Asia Pacific, and some of the major economies in each of these regions.
The dramatic rise in the input costs including fertilizer, water, and labor, over the past few years is encouraging growers to use precision viticulture technologies so as to minimize expenditure by applying those inputs more efficiently. Rising demand for better-quality grapes is also driving the adoption of precision viticulture technologies and solutions to harvest fruit parcels of uniform quality while improving vineyard sampling techniques such as crop estimation and fruit maturity assessment. Rising cases of pest attacks are also bolstering the growth of precision viticulture market.
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Remote sensing technology is in demand.
By technology, precision viticulture market is segmented as global positioning systems (GPS), remote sensing, meteorologic solutions, geographic information systems (GIS), and others. Remote sensing technology segment will witness a significant CAGR between 2017 and 2023. Remote sensing is one of the most powerful tools in precision viticulture as this technology has the ability to rapidly provide a synoptic view of grapevine shape, size, and vigor over the entire vineyard.
North America and Europe hold major market share.
Geographically, North America and Europe Precision Viticulture markets are projected to hold significant market share throughout the forecast period. This is due to the early adoption of automation across the agriculture industry coupled with the presence of major market players in the region. High wine production in Europe also contributes to the growth of precision viticulture market in the region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the precision viticulture market. It consists of company profiles of the leading companies such as D&E, Topcon, Trimble, Inc., AHA Viticulture, TerraNIS, TracMap Limited, Ateknea, and Smart Vineyard.
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