Lucintel's latest market report analyzed that smart vineyard management provides attractive opportunities in the yield monitoring, crop scouting, harvesting, and irrigation management applications. The smart vineyard management market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, hardware is the largest segment by solution, whereas yield monitoring is largest by application. Growing new entrants are penetrating the market backed up by government funding and corporate investments and growing use of laser image detecting and ranging (LIDAR) to create 3D maps of vineyards, which assists with robot technology in the vineyard, and reduction of accidents provides strategic growth path in this market.
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Based on solution, the smart vineyard management market is segmented into hardware, software, and services.. The hardware segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its efficiency in data collecting and growing operations through improved speed and accuracy.
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The Smart Vineyard Management Market is marked by the presence of several big and small players. Some of the prominent players offering smart vineyard management include AgCode, Modular Information Systems, Orion Wine Software, DeVineWare, eVineyard, fermsoft, and GrapeGears.
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