Precision Forestry Market Trends, Key Players and Forecast 2024


The Precision Forestry Market was valued at USD 3.9 billion in 2019 and is anticipated to reach USD 6.1 billion by 2024, at a CAGR of 9.0% from 2019 to 2024, according to the new market research report "Precision Forestry Market by Technology (CTL, Geospatial, Fire Detection), Application (Harvesting, Silviculture & Fire Management, Inventory & Logistics), Offering (Hardware, Software, Services), and Geography - Global Forecast to 2024" published  by MarketsandMarkets™. 

The rise in construction activities, the rising demand for lumber from sawmills, the declining cost of forestry mapping technologies, the prevention of illegal logging and deforestation, and the increasing government support for the digitalization of forest management are all factors that have contributed to the rapid growth of the precision forestry market. Precision forestry has the potential to revolutionise the forestry sector by increasing the effectiveness and profitability of conventional operations. Additionally, government programmes in many nations are assisting in the adoption of cutting-edge technologies and equipment by foresters for site-specific management of the forest. In the upcoming years, it is anticipated that the cost of precision forestry technology would reduce, mostly due to the falling costs of key hardware components, which will likely support the market's expansion.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228021988

During the projected period, cut-to-length technology is anticipated to hold the greatest market share.

The primary factor promoting the growth of this market is the gradual replacement of full-length and tree-length conventional forestry harvesting equipment with fully mechanised cut-to-length (CTL) harvesting technology. In the forestry sector, fully mechanised CTL-based harvesting technology is now commonly used. Extreme temperatures and boreal woodlands can be utilised with CTL, especially in Nordic nations. For instance, where 30% of the ground is inclined, CTL-based harvesting devices are used. Additionally, plantations and peatlands may utilise it. Currently, CTL-based harvesting technology accounts for more than 90% of logging in Sweden and Finland.

In 2018, the market for precision forestry's harvesting application accounted for the greatest proportion.

The expanding use of CTL-based harvesting technology is responsible for the rise of the application segment for harvesting. The need for industrial round wood is also predicted to increase globally, which will support market expansion. The forest sector uses fully mechanised CTL-based harvesting extensively in temperate and boreal forests, particularly in Nordic nations. Currently, harvester forwarder systems, also known as cut-to-length logging, account for more than 90% of logging in Sweden and Finland (CTL).

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=228021988

Americas is anticipated to account for the greatest market share for precision forestry throughout the anticipated period.

In 2018, the Precision Forestry Market's biggest market share was held by the Americas. The main cause of this region's significant market share is that the US and Canada were early adopters of precision forestry technologies. The abundance of trees in this area, along with the rising need for industrial round wood and its related products, are what are primarily causing precision forestry technology to advance. It is anticipated that there would be a rise in the replacement of older forestry harvesters in the US and Canada with more complex and high-tech CTL-based harvesters. 

The report includes profiles of important participants such as Deere & Company (US), Trimble (US), Raven Industries (US), Tigercat (Canada), Ponsse (Finland), Komatsu Forest AB (Sweden), Caterpillar (US), Treemetrics (Ireland), Rottne Industri AB (Sweden), Ecolog (Sweden), Sampo Rosenlew (Finland), Quantum Spatial (US), Hitachi Construction Machinery (Japan), Doosan Infracore (South Korea), Blount International (US), Integrated Forest Management (US), Silvere (Finland), DroneSeed (US), Insight Robotics (Hong Kong), Treevia Forest Technologies (Brazil), and Aerobotics (South Africa).

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/precision-forestry-market-228021988.html

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more