The precision viticulture market was valued at USD 936.0 Million in 2016 and is projected to reach 1,546.6 Million by 2022, at a CAGR of 8.81% during the forecast period.
Precision Viticulture Market by Technology (Guidance Systems, Remote Sensing, VRT), Application (Yield Monitoring, Field Mapping, Weather Tracking & Forecasting), Product/Service (Hardware, Software, Services) - Global Forecast to 2022
The precision viticulture market is projected to reach USD 1,546.6 Million by 2022 from USD 1,014.0 Million in 2017, growing at a CAGR of 8.81% during the forecast period.
The availability of freeware geographical systems (GIS packages) with sophisticated functionality is expected to fuel the demand for precision viticulture technologies in the near future.
The availability of freeware geographical systems (GIS packages) with sophisticated functionality is expected to fuel the demand for precision viticulture technologies in the near future.
The wide acceptance and availability of guidance systems, especially in countries such as Australia & New Zealand, China, and India along with its growth potential is the major driver contributing to the penetration of the market in the Asia Pacific.
Key players include John Deere (US), Trimble (US), Topcon (Japan), Deveron UAS (Canada), and TeeJet Technologies (US)
The global precision viticulture market is estimated at USD 1,014.0 Million in 2017 and is projected to reach USD 1,546.6 Million by 2022, at a CAGR of 8.81%.
The availability of freeware geographical systems (GIS packages) with sophisticated functionality is expected to fuel the demand for precision viticulture technologies in the near future.