Semiconductor and Electronic Survey

The   Precision Forestry Market   had a 2019 value of USD 3.9 billion and is anticipated to grow to USD 6.1 billion by 2024, at a CAGR of 9.0%. 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 precision forestry market's rapid growth. By increasing the productivity and cost-effectiveness of conventional forestry operations, precision forestry has the potential to revolutionise the forestry sector. 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 ha...

The   Precision Forestry Market   had a 2019 value of USD 3.9 billion and is anticipated to grow to USD 6.1 billion by 2024, at a CAGR of 9.0%. 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 co...

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% from 2019 to 2024. The rapid growth of the Precision Forestry Market can be attributed to the increasing forestry mechanization in emerging countries of Asia Pacific and Africa, rising 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. Precision forestry has the potential to transform the forestry industry by making traditional activities more efficient and economical. Also, government initiatives in many countries are helping foresters adopt advanced technologies and tools for site-specific management of the forest. The cost of precision forestry technology is expected to decrease in the next couple of years, mainly because of the declining prices of...