Owing to the growing market for grapes and vineyards, the growth in the smart vineyard management market is expected to be driven by the increasing need for digital and smart vineyard monitoring and management systems and solutions.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Smart Vineyard Management Market – A Global and Regional Analysis.
According to this study, the market size of the global smart vineyard management market was valued at $1.21 billion in 2021 and is projected to reach $2.15 billion by 2027.
The following factors are responsible for the increase in demand for smart vineyard management:
- Need to reduce vineyard crop losses
- Need for automation in vineyards
- Growing market for grapes and vineyards
The detailed study is a compilation of 113 market data tables and 28 figures spread through 234 pages.
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Analyst’s Take on the Market Projection
According to Rakhi Tanwar, Principal Analyst, BIS Research, “The smart vineyard management market is expected to be a great replacement of conventional vineyard management equipment and solutions. Owing to the increasing adoption of digital vineyard management solutions in developed countries and the lack of skilled labor, the smart vineyard management market is expected to show significant growth in the near future. Through a better adoption of these technology-based products and services, the consumers’ demand for quality grapes and their products and less wastage of resources can be met.”
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Existing Competitive Landscape
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are Fruition Sciences, Robotnik, TeeJet Technologies, Trimble Inc., YANMAR HOLDINGS CO., LTD., Elmibit d.o.o., ISAGRI, PrecisionHawk, Inc., SureHarvest Services, LLC, TerraNIS, TracMap Limited, AGRIVI, AHA Viticulture, Grow Data, Vineview, Naïo Technologies, Pollen Systems Corporation, Terraview Pte. Ltd., Vidacycle, Vinelytics LLC and more.
Recent Developments in the Global Smart Vineyard Management Market
- In March 2022, AGRIVI partnered with Eviit GmbH to bring digital agriculture solutions for various applications, including vineyard management, to Germany.
- In January 2022, YANMAR HOLDINGS CO., Ltd. unveiled the YV01 autonomous spraying robot for use in vineyards. The YV01’s electrostatic spraying mechanism is flexible, lightweight, and environmentally friendly, which ensures extremely accurate spraying on vines.
- In December 2021, Deep Planet set up its Australian headquarters in Adelaide, South Australia, to get into the Australian wine tech market.
Sensing Technology to See Major Growth in the Smart Vineyard Management Market
Smart vineyard management products come equipped with various types of technologies and advancements. These technologies comprise sensing, variable rate technology (VRT), guidance, and others.
Sensing solutions are integrated with data analysis software solutions which help the growers in processing the extracted vineyard information. Variable rate technology includes the usage of sensors and decisions based on data, thus received, in real-time. The guidance majorly comprises the global positioning system (GPS) and global navigation satellite system (GNSS) technologies which are applied in the viticulture industry for navigation purposes.
Due to the growing trend of digital and smart agricultural practices, the traction for sensing technologies has been growing globally. This has led to the projection of sensing technology witnessing the majority growth in the market during the forecast period of 2021-2027.
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
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