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The latest report on “Precision Forestry Market (Technology – CTL, Geospatial, and Fire Detection; Application – Harvesting, Silviculture & Fire Management, and Inventory & Logistics; Offers – Hardware, Software, and Services): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global precision forestry market is projected to grow at a CAGR of 8.5% over the forecast period of 2019-2025.

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Increasing Mechanization in Forest Management Activities Driving the Growth of the Precision Forestry Market

The precision forestry is a modern-age technology to meet long-term sustainable goals like reducing the negative environmental impact, alleviating deforestation, and improving the air quality. Precision forestry includes a wide variety of activities that use geospatial information to assist in the site-specific management of forests. Further, it consists of the planning of future operations, traditional examples would include using GIS to help develop management plans for forested areas. It is not a science, but a process. This process includes new-age, smart technologies to accomplish the goal of taking good care of forests. With the help of these incredible technologies, foresters can now collect accurate information on the forested areas. This critical data helps them make better management decisions, considering all the sustainable needs and environmental issues.

Increasing mechanization in forest management activities driving the growth of the precision forestry market. With massive recourse to technical and IT support, there is a development in mechanization in a forest, moving from satellite images to low altitude drone flight surveys and the use of laser scanning above and under the tree crowns, it is to create a 3D model of the forest and the topographic features.

Further, growing demand for forestry products such as paper and packaging materials, composite materials for construction, lumber for homes and buildings, stronger, lighter laminated building materials, renewable energy materials, high-value wood for furniture and flooring and structural materials for bridges and transportation safety provides a growing demand for the market.

Additionally, decreasing the cost of advanced monitoring and surveillance technologies and rising government support to adopt modern forestry techniques provides significant growth to the market. However, increasing the mechanization level, there is an increase in the demands for worker qualifications. Hence, the lack of technical awareness among forest operators affecting the growth of the market. Moreover, growing government initiatives for precision forestry provides a significant growth opportunity for the precision forestry market.

North America is the Largest Revenue Making Region for the Precision Forestry Market

North America is the largest revenue making region for the precision forestry market owing to the increasing demand for industrial round wood and its related products. Further, the growing mechanization of forestry operations in the US and Canada is contributing to the growth of the market in this region. For instance, the Canadian government uses satellites to measure vegetation productivity and map forest cover & forest disturbances.

Moreover, growing replacement of old forestry harvesters with more progressive and sophisticated CTL-based ones in the US and Canada is expected to create additional demand for forestry technology in this region. Additionally, the heavy adoption of aerial LiDAR.For instance, in Newfoundland and Labrador, aerial LiDAR technology is used for identifying and mapping various wood fiber properties such as fiber dimensions, wood density, and coarseness.

Segment Covered

The report on the global precision forestry market covers segments such as technology, application, and offers. On the basis of technology, the sub-markets include CTL, geospatial, and fire detection. On the basis of application, the sub-markets include harvesting, silviculture & fire management, and inventory & logistics. On the basis of offers, the sub-markets include hardware, software, and services.

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Companies Profiled:

The report provides profiles of the companies in the market such as Ponsse, Deere & Company, Raven Industries, Komatsu Forest AB, Trimble, Tigercat, Caterpillar, Rottne Industri AB, Treemetrics, and Quantum Spatial.

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the precision forestry.

=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.  

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.