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Smart Vineyard and Orchard Equipment Market Growth and Restrain Factors Analysis Report
According to the latest research by InsightAce Analytic, the Global Smart Vineyard and Orchard Equipment Market is valued at US$ 3.47 Bn in 2022, and it is expected to reach US$ 7.80 Bn by 2031, with a CAGR of 9.59% during the forecast period of 2023-2031.
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Smart vineyard and orchard equipment applies innovative technologies and data-driven solutions in vineyard and orchard cultivation and management. Sensors, automation, and data analytics are frequently used in these systems to optimize agricultural processes. They assist farmers in making informed decisions about irrigation, pest control, and harvesting by monitoring elements such as soil moisture, weather conditions, and plant health. During the forecast period, the worldwide smart vineyard management market is expected to grow rapidly. Viticulture includes numerous processes such as soil preparation, planting, irrigation, harvesting, and wine production, which defines the wine's quality. It is critical to establish and select effective procedures to attain the greatest possible outcome. Vineyard crop losses have become more common in recent years. This, in turn, impedes overall wine production, highlighting the need for solutions that might aid in crop loss prevention and vineyard management.
List of Prominent Players in the Smart Vineyard and Orchard Equipment Market:
• YANMAR HOLDINGS CO., LTD.
• KUBOTA Corporation
• Deere & Company
• XAG Co., Ltd.
• DJI
• Naïo Technologies
• Robotics Plus Limited
• Agrobot
• Tevel Aerobotics Technologies
• Aigro BV
• Saga Robotics AS
• Monarch Tractor
• Others
Market Dynamics:
Drivers-
Increasing Equipment Technology Awareness and Favourable Government Policies will Drive Market Growth. The increasing use of semi-automated and automatic planting and fertilizer devices has increased global demand for innovative equipment. Furthermore, self-propelled spreaders and sprayers are now more efficient, resulting in speedier operation across large areas. This agricultural equipment ensure a uniform distribution of fertilizers and nutrients, lowering total operation costs and time while increasing crop yields. Furthermore, agricultural equipment is rapidly being used in the forestry business for cutting and peeling, which will increase sales significantly in the coming years.
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Challenges:
Smart vineyard and orchard equipment face several obstacles to their adoption and deployment. Agriculture expansion and technological progress in the agriculture industry raise input prices for farm equipment commissioning. Furthermore, using such mechanized agricultural equipment incurs substantial operational and maintenance costs, resulting in low profitability. The participation of intricate machines in farming operations increased the complexity for farmers, prompting concerns for experienced labour to oversee and supervise operations. Furthermore, the increased usage of agricultural machinery, which is becoming heavier with time, creates soil compaction and may occasionally damage crops or food products.
Regional Trends:
Asia Pacific Smart Vineyard and Orchard Equipment Market is expected to register a major market share in terms of revenue and it is projected to grow at a high CAGR in the near future. The region is a major agricultural hub, and several distinct factors drive the adoption of smart vineyard and orchard equipment in this region. Small farm consolidation and the resulting increase in average field size are predicted to generate favourable conditions for deploying smart vineyard and orchard equipment. Many Asian countries are encouraging the implementation of sophisticated agriculture technologies. Subsidies, financial incentives, and assistance programs are provided to encourage farmers to invest in smart equipment, making it more inexpensive and accessible.
Recent Developments:
• In March 2023, YANMAR HOLDINGS CO., LTD. announced that their new smart vineyard robot, the YV01, is currently in full production and offered in the French champagne and wine markets. The spraying robot is completely self-contained. It relieves winemakers of labour-intensive vineyard work while increasing productivity, profitability, and safety.
• In Feb 2023, Kubota Corporation declared its investment in the French startup Chouette. By employing artificial intelligence (AI) technology, this AgTech firm examined camera-captured images for disease detection and tree vitality assessment. Unique algorithms were utilized to generate the optimal quantity of compounds to spray in accordance with the data analysis.
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Segmentation of Smart Vineyard and Orchard Equipment Market-
By Application-
• Crop Monitoring
• Harvesting
• Weeding and Spraying
• Irrigation and Fertigation Management
• Others
By Product-
• Drones
• Robots
• Tractors
• Stationary Devices
• Tractor Mounted Equipment
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
For More Information: https://www.insightaceanalytic.com/report/smart-vineyard-and-orchard-equipment-market/2192
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
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InsightAce Analytic Pvt. Ltd.
Tel.: +1 551 226 6109
Site Visit: www.insightaceanalytic.com
Email: info@insightaceanalytic.com
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 551 226 6109
Site Visit: www.insightaceanalytic.com
Email: info@insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
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