Smart Vineyard and Orchard Equipment Market Size is valued at USD 3.75 Bn in 2023 and is predicted to reach USD 7.80 Bn by the year 2031 at a 9.78% CAGR during the forecast period for 2024-2031.
Smart vineyard and orchard equipment refers to the use of advanced technologies and data-driven solutions in the management and cultivation of vineyards and orchards. This advanced equipment is critical in increasing wine production productivity and efficiency. In tandem with advances in agricultural technologies and practices, the vineyard and orchard market are undergoing a paradigm change toward the adoption of precision agriculture approaches. The market's growth is primarily affected by a plethora of major aspects. These include the increasing global food demand, the decreasing accessibility of water supplies and arable land, the scarcity of agricultural labour, and the rising trend in agricultural input costs. These reasons are expected to encourage increased use of smart vineyard and orchard equipment in the agriculture sector.
However, the pandemic of COVID-19 has had a considerable influence on a variety of industries, including agriculture and the demand for smart vineyard and orchard equipment. Lockdowns, travel restrictions, and health concerns all contributed to labour shortages in several areas. As farmers sought ways to reduce their reliance on human labour while maintaining output during the epidemic, interest in automation technology, notably smart harvesting equipment, grew.
Competitive Landscape
Some Major Key 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 Segmentation:
The Smart Vineyard and Orchard Equipment Market is segmented as application and product. The application segment comprises Crop Monitoring, Harvesting, Weeding and Spraying, and Irrigation and Fertigation Management. The products segment includes Drones, Robots, Tractors, Stationary Devices, and Tractor Mounted Equipment.
Based On Application, The Weeding And Spraying Segment Is A Major Contributor In The Smart Vineyard And Orchard Equipment Market.
The weeding and spraying category is expected to hold a major share of the global Smart Vineyard and Orchard Equipment Market in 2024. In modern agriculture, the use of smart vineyard and orchard equipment for weeding and spraying applications has become increasingly crucial. These programs assist farmers in efficiently managing weeds and pests, ensuring crop health and yield. Weeding and spraying are expected to increase significantly in regions such as the United Kingdom, Europe, and China, owing to the rising adoption of precision agriculture practices, rising demand for sustainable farming solutions, and the need to optimize resource utilization for enhanced crop management.
The Tractors Segment Witnessed Growth At A Rapid Rate.
The tractors segment is projected to grow rapidly in the global Smart Vineyard and Orchard Equipment Market. Smart vineyard and orchard equipment, including smart tractors, is becoming more popular in the agricultural industry as a result of several important causes. Smart tractors are intended to be more efficient than standard tractors. They can cover larger regions in less time and with greater accuracy. This greater efficiency increases yield, allowing farmers to properly manage larger vineyards and orchards.
In The Region, The Asia Pacific Smart Vineyard And Orchard Equipment Market Holds A Significant Revenue Share.
Asia Pacific Smart Vineyard and Orchard Equipment Market is expected to record the maximum market share in revenue in the near future. The Asia Pacific region is a major agricultural hub, and the adoption of smart vineyard and orchard equipment in this region is driven by a number of distinct factors. Small farm consolidation and the resulting increase in average field size are predicted to generate favourable conditions for deploying smart vineyard and orchard equipment. Agriculture technology is advancing rapidly in the region. Sensor, automation, and data analytics advancements are making smart vineyard and orchard equipment more affordable and efficient for farmers in the region.
Moreover, North America is expected to grow significantly in the coming years. The U.S. and Canada, in particular, are at the forefront of agricultural technology innovation. Sensors, automation, AI, and data analytics improvements are driving the development and implementation of smart vineyard and orchard equipment in the region.
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.
Smart Vineyard and Orchard Equipment Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 3.75 Bn |
|
Revenue Forecast In 2031 |
USD 7.80 Bn |
|
Growth Rate CAGR |
CAGR of 9.78 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Application, Product |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
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 And Others |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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