How has the precision viticulture market evolved, and where is it heading next?
The precision viticulture market size has grown rapidly in recent years. It will grow from $1.47 billion in 2024 to $1.64 billion in 2025 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to an increase in grape land and production, increased demand for wine production, increased focus on operational efficiency, increased focus on climate change adaptation, and growing environmental concerns.
The precision viticulture market size is expected to see rapid growth in the next few years. It will grow to $2.45 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to growing global wine consumption, rising demand for sustainable farming, rising consumer demand for traceability and transparency, rising need for water and resource conservation, and growing global vineyard area. Major trends in the forecast period include the adoption of the internet of things (IoT) and sensor technology, technological developments in vineyard equipment, integration of artificial intelligence (AI) and machine learning (ML), developing analytical tools, and innovation in crop management.
Get Your Free Sample of The Global Precision Viticulture Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21547&type=smp
What are the key drivers behind the rapid expansion of the precision viticulture market?
The increase in grape land and production is expected to propel the growth of the precision viticulture market going forward. Grape land and production refer to the cultivation of grapevines, encompassing the agricultural practices, climate, soil conditions, and harvest processes involved in growing grapes for various uses such as winemaking and fresh consumption. The increase in grape land and production is driven by the rising global demand for wine and the improved agricultural techniques that have boosted yields, making grape cultivation more profitable. Precision viticulture optimizes grape land and production by leveraging advanced technologies like sensors, drones, and data analytics to monitor soil health, manage resources efficiently, and enhance grape yield and quality while minimizing environmental impact. For instance, in August 2023, according to the California Department of Food and Agriculture, a US-based government agency, in 2022, cash receipts from grape production totaled $5.5 billion, marking a 6.3% increase compared to 2021. Therefore, an increase in grape land and production is driving the growth of the precision viticulture market.
What is the segmentation for the precision viticulture market?
The precision viticulture market covered in this report is segmented –
1) By Component: Software, Hardware, Services
2) By Technology: Guidance Systems, Variable Rate Technology, Remote Sensing
3) By Application: Irrigation Management, Yield Monitoring, Weather Tracking And Forecasting, Inventory Management Crop Scouting, Field Mapping, Farm Labor Management, Financial Management
Subsegments:
1) By Software: Vineyard Management Software, Geographic Information System (GIS) Software, Remote Sensing Software, Data Analytics Software
2) By Hardware: Sensors, Drones, Variable Rate Technology (VRT) Equipment, GPS Systems
3) By Services: Data Analytics And Consulting Services, Cloud-Based Solutions, Training And Support Services, System Integration Services
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/precision-viticulture-global-market-report
Who are the most influential companies in the precision viticulture market?
Major companies operating in the precision viticulture market are Deere And Company, Corteva Inc., AGCO Corporation, Hexagon AB, Valmont Industries Inc., Bucher Vaslin S.A., Trimble Inc., Topcon Corporation, Lindsay Corporation, Raven Industries Inc., TeeJet Technologies, Hortau Technologies Inc., Caffini S.P.A., Ateknea Solutions, Gamaya, Fruition Sciences, Chouette, Deep Planet, VineView Technologies Ltd., vitiDron SLU
What are the most influential trends expected to drive the precision viticulture market forward?
Major companies operating in the precision viticulture market are focusing on developing advanced solutions, such as GPS receivers, to optimize vineyard management, enhance yield prediction, and improve resource efficiency. A GPS receiver is an electronic device that calculates its location, speed, and time by triangulating signals from at least four satellites in the Global Positioning System (GPS) network to provide accurate coordinates. For instance, in July 2024, VineView SAI Inc., a Canada-based remote sensing company, launched PinPoint RTK, a handheld GPS receiver to provide vineyard operators with highly accurate data collection capabilities. This receiver provides exceptional accuracy within 2-5 centimeters for precise vineyard data collection. It includes three programmable buttons for customizable data logging and integrates seamlessly with the VineView mobile app for real-time tracking at the individual plant level, enhancing decision-making and operational efficiency in vineyard management.
What are the major regional insights for the precision viticulture market, and which region holds the top position?
Europe was the largest region in the precision viticulture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision viticulture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Precision Viticulture Market Report 2025 Offer?
The precision viticulture market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Precision viticulture refers to the application of advanced technologies and data-driven practices to optimize vineyard management. It involves using tools like GPS, remote sensing, and environmental monitoring to collect data on soil conditions, vine health, weather patterns, and other factors. This data helps winemakers make informed decisions on irrigation, fertilization, pest management, and harvesting, leading to improved grape quality and more efficient resource use.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21547
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
