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The   Precision Forestry Market   grew significantly in 2019 and was valued USD 3.9 billion. The market is anticipated to keep growing, with a projected value of USD 6.1 billion by 2024, representing a 9.0% compound yearly growth rate (CAGR) throughout the 2019–2024 forecast period. Technology developments like Cut-To-Length (CTL), geospatial mapping, and fire detection systems, which increase productivity and efficiency in forestry operations, are among the factors contributing to the market's growth. Market growth is further aided by the growing use of precision forestry applications in fields such as inventory logistics, fire management, harvesting, and silviculture. To meet the various needs of the forestry industry, the market provides a variety of products and services, such as software, hardware, and services. The global emphasis on sustainable forestry practices and the continuous advancements in technology suggest that the precision forestry industry will have su...

According to MarketsandMarkets' analysis, the   Precision Forestry Market  was valued at USD 3.9 billion in 2019 and is expected to rise significantly to reach USD 6.1 billion by 2024. During the projection period from 2019 to 2024, the market is expected to exhibit a robust Compound Annual Growth Rate (CAGR) of 9.0%. The rise is ascribed to the forestry industry's growing use of cutting-edge technology including fire warning, geospatial analysis, and Cut-To-Length (CTL). The need for precision forestry solutions is being driven by applications such as inventory and logistics, as well as silviculture, fire management, and harvesting. The industry's move towards technologically advanced and effective forestry methods is reflected in the market's expansion and is further aided by its wide range of solutions, which include hardware, software, and services. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228021988   Government programmes ...

The   Precision Forestry Market   was worth USD 3.9 billion in 2019 and is projected to reach USD 6.1 billion, at a CAGR of 9.0% from 2019 to 2024. The major drivers for the Precision Forestry Market are increasing forestry mechanization in emerging countries of Asia Pacific & Africa, rise in construction activities, growing demand for timber from sawmills, decreasing cost of forestry mapping technologies, prevention of illegal logging & deforestation; and increasing government support towards digitalization of forest management. Also, government initiatives in many countries are helping foresters adopt advanced technologies and tools for site-specific management of the forest. Further, the cost of precision forestry technology is expected to decrease in the next couple of years, mainly because of the declining prices of major hardware components, which is likely to contribute to the market’s growth. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdo...

With a CAGR of 9.0% throughout the projected period, the   Precision Forestry Market   is anticipated to increase from USD 3.9 billion in 2019 to USD 6.1 billion by 2024. A number of factors, such as the rising demand for wood and wood-based products, the need for effective solutions for forest management, and the incorporation of cutting-edge technologies like geospatial and fire detection in forestry operations are identified in the market research report by MarketsandMarketsTM. The study also segments the market based on technology, application, and offering, with key offers being hardware, software, and services. The study offers a thorough analysis of the Precision Forestry Market's competitive landscape, major players, and new trends.  The Precision Forestry Market is expanding quickly, propelled by a number of factors such as the rising construction industry, the rising demand for lumber from sawmills, the decreasing cost of forestry mapping technologies, the reduc...

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 conve...