Smart vineyard management techniques help vineyard managers and winemakers to map, monitor soil and crops, and take necessary actions to enhance the viticultural yield. Smart vineyard management can be implemented on small, medium, or large-sized farms. Some equipment used widely for smart vineyard management includes sensors, agricultural robots, Artificial Intellligence (AI) and Internet of Things (IoT)-based platforms, drones, and others.
The Smart Vineyard Management Market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. According to BIS Research analysis, most of the companies preferred partnerships, collaborations, and joint ventures as a strategy to further increase their growth in the global smart vineyard management market. Companies such as AGRIVI, Terraview Pte. Ltd., Vineview, and Deep Planet have majorly adopted partnerships, collaborations, and joint ventures as strategies.
The smart vineyard management market was valued at $1.21 billion in 2021 and is projected to reach $2.15 billion by 2027, growing at a CAGR of 10.08% during the forecast period 2022-2027. 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.
Read report overview- Smart Vineyard Management Market
Smart Vineyard Market Lifecycle Stage
The smart vineyard management market is still in a nascent phase. Increased corporate investments and research and development activities are underway to develop smart vineyard management technologies and products, which are expected to increase due to the growing need to reduce vineyard losses and automation in the vineyard industry.
New entrants are penetrating the market backed up by government funding and corporate investments, which is one of the major opportunities in the global smart vineyard management market. Moreover, smart vineyard management technologies also help in enhancing yield quality due to timely detection of pest infestation and diseases. Smart vineyard management technologies also facilitate the safe and quality harvesting and picking of tender grapes through the use of autonomous robots.
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Market Drivers
Following are the demand drivers for the smart vineyard management market:
Need to Reduce Vineyard Crop Losses• Need for Automation in Vineyards
• Growing Market for Grapes and Vineyards
Key Market Players
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
The top segment players leading the market include hardware, which captures around 43% of the presence in the market. Players in other solutions, such as software and services, together accounted for approximately 57% of the presence in the market as of 2021.
Competition Synopsis
The market is expected to face some challenges:
High Cost of Investment• Technological Complexities due to Lack of Infrastructure
• Lack of Technically Skilled Labor Force
Some prominent names established in this market are:
Company Type 1: Hardware
• Fruition Sciences
• Robotnik
• TeeJet Technologies
• YANMAR HOLDINGS CO., LTD.
Company Type 2: Software
• Elmibit d.o.o.
• ISAGRI
• PrecisionHawk, Inc.
• SureHarvest Services, LLC
Company Type 3: Services
• AGRIVI
• AHA Viticulture
• Grow Data
• Vineview
Company Type 4: Startup Company Profiles
• Naïo Technologies
• Pollen Systems Corporation
• Terraview Pte. Ltd.
• Vinelytics LLC
Impact On Market
With an increased worldwide demand for different varieties of grapes and products such as wine and juices, the shift to digital, smart, and data-driven products in the vineyard sector brings significant sales and financing opportunities. The shift is more prominent in guidance technology and sensing technology segments in regions such as Europe and North America.• Furthermore, smart vineyard management systems have a moderate to high impact on crop scouting systems to reduce crop losses due to crop diseases and pest infestations.
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.
• In October 2020, Elmibit d.o.o. announced the exploration of new market opportunities as a part of the support received from the INNOWWIDE open call.
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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Smart Crop Monitoring Market - A Global and Regional Analysis
Global IoT in Agriculture Market: Focus on System, Application, and Country-Wise Analysis
Farm Management Software and Data Analytics Market - A Global and Regional Analysis
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