The Asia Pacific precision viticulture market is projected to grow at the highest rate between 2017 and 2022. The demand for precision viticulture is expected to increase in the Asia Pacific region owing to the higher adoption of new technologies and increasing awareness of technical awareness. Precision viticulture is particularly applicable in Australia because of the high variability of soil types across the regions as a major part of dryland farming depends on variable rainfall. Varieties of yield monitoring solutions are available in the precision viticulture market in the region such as HarvestMaster Sensor System HM570, Canlink Grape Yield Monitor 3000GRM, and Advanced Technology and Viticulture (ATV), which is one of the driving factors for the precision viticulture market in Australia & New Zealand. The increasing availability of innovative yield monitoring solutions also drives the precision viticulture market in the Asia Pacific region.
The market for precision viticulture is projected to reach USD 1,546.6 million by 2022, at a CAGR of 8.81% during the forecast period. The increasing availability of innovative yield monitoring solutions and rise in government support for the adoption of modern precision viticulture techniques are some of the factors which drive the precision viticulture market in the region. Various precision viticulture technologies are showing a positive outlook in the Asia Pacific region, supported by the increasing number of innovative precision viticulture solutions such as VitiCanopy (software application) which monitors the growth and health of the vineyards, along with new yield monitoring systems such as HarvestMaster Sensor System HM570, Canlink Grape Yield Monitor 3000GRM, and Advanced Technology and Viticulture (ATV) in countries such as Australia & New Zealand, China, India, and Japan.
The weather tracking & forecasting segment, by application, is projected to grow at the highest CAGR from 2017 to 2022. Weather forecasting is the projection of upcoming rain, storms, temperature, solar radiation, and other environmental conditions. Weather tracking & forecasting analysis modules include handheld instruments, software, and sensors that alert the farmers upon weather changes. The weather forecasting technique projects weather for a specific location within the concerned square kilometer range, and the way it is expected to affect crop growth.
The services segment, by product/service, is projected to grow at the highest CAGR from 2017 to 2022. The services segment is further segmented into system integration and consulting, managed services, connectivity services, assisted professional services, and maintenance & support services. System integrators are involved in troubleshooting and diagnosing vineyard management solutions, which also involve developing new concepts related to software and hardware equipment.
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