The precision forestry market was worth USD 3.9 billion in 2019 and is projected to reach USD 6.1 billion by 2024, at a CAGR of 9.0% during 2019–2024. The major drivers for the precision forestry market are increasing mechanization of forestry operation, growing demand for forestry products, decreasing cost of advanced monitoring & surveillance technologies, and increasing government support to adopt modern forestry techniques to curb illegal logging.
The study involved four major activities in estimating the size of the precision forestry market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market’s size. After that, market breakdown and data triangulation were used to estimate the market sizes of segments and sub-segments.
The precision forestry market comprises technology providers such as Deere & Company (US), Trimble (US), Raven Industries (US), Tigercat (Canada), Ponsse (Finland), Komatsu Forest AB (Sweden), and Caterpillar (US).
The report also describes the drivers, restraints, opportunities, and challenges for the growth of the precision forestry market. In addition to the in-depth view on market segmentation, the report includes critical market data and qualitative information for each type, along with qualitative analysis, such as value chain analysis, market ranking analysis, and competitive situations and trends. The report targets technology providers, software and service providers, system integrators, and end-user industries.
The precision forestry market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The precision forestry market has been segmented as below:
Precision Forestry Market, by Application
- Genetics and Nurseries
- Silviculture & Fire Management
- Harvesting Management
- Inventory & Logistics Management
Precision Forestry Market, by Technology
- Cut-to-Length
- Geospatial
- Fire detection
Precision Forestry Market, by Offering
- Hardware
- Software
- Services
Precision Forestry Market, by Region
- Americas
- Europe
- APAC
- RoW
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Mr. Shelly Singh
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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