Precision Viticulture Market Is Anticipated To Grow At A Cagr Of 8.8% During 2019 To 2024

By Author: Lucintel LLC
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The global precision viticulture market is projected to grow at a CAGR of 8.8% during 2019 to 2024. The growth of precision viticulture market is driven by growing implementation of new technologies in farming for maximum profitability & production and government support for the adoption of modern viticulture techniques.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global precision viticulture market by product/service(hardware, software, and services), technology(guidance systems, remote sensing, and variable rate technology), application (yield monitoring, field mapping, crop scouting, weather tracking & forecasting, irrigation management, inventory management, farm labor management, financial management, and others), and region (North America, Europe, Asia Pacific, and RoW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the precision viticulture market?
Q.4 What are some changing demands of customers in the precision viticulture ...
... market?
Q.5 What are the new developments in the precision viticulture market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this precision viticulture area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this precision viticulture market?

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Market Segmentation:
Based on technology, the precision viticulture market is segmented into guidance systems, remote sensing, and variable rate technology. The guidance system segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to because these technologies collect real time data with accurate position information for future treatments. It also used to assess the present field information and provide alternative management by combining and manipulating data layers to make effective decisions.
Asia Pacific will remain the largest region over the forecast period due to the wide acceptance and availability of guidance systems, especially in countries such as Australia & New Zealand, China, and India along with its growth potential.
Key Players in the precision viticulture market are John Deere, Trimble, Topcon, Deveron UAS, and Tee Jet Technologies.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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