Precision Forestry Market is expected to witness significant growth to 2025

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Precision Forestry Market is estimated to witness
lucrative growth from 2019 to 2025 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Precision Forestry Market

• In North America, the demand for precision
  forestry solutions is intensifying due to
  favorable government initiatives and the use of
  various technologies, such as remote sensing and
  GPS, for mapping forest lands. For instance, the
  Canadian government uses satellites to measure
  vegetation productivity and map forest cover
  forest disturbances. Forestry activities are
  rising in Canada due to the presence of huge
  forestland, which will accelerate the growth of
  the precision market. North America precision
  forestry market is expected to show significant
  growth rate due to the heavy adoption of aerial
  LiDAR.
• The Asia Pacific precision forestry mapping
  market will also witness a sharp growth rate over
  a forecast timeline due to the rise in the number
  of government projects for forest mapping in
  countries including, India, Japan, and China. For
  instance, in 2018, the Chinese government relied
  on NASA satellites to gather information on the
  forest cover to promote afforestation in the
  country. The adoption of forest mapping
  technologies is also spurring the precision
  forestry market growth.

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Application Analysis of Precision Forestry
Market

• A Surge in the usage of several technologies,
  such as laser scanning LiDAR, soil sensors, and
  Geographic Information Systems (GIS), will also
  spur the precision forestry market growth. For
  instance, government agencies worldwide are using
  geoinformatics systems for ensuring smooth
  coordination and functioning between numerous
  departments, such as tribal, forest, and revenue,
  for better implementation and transfer of
  information.
• The demand for precision forestry solutions is
  expected to grow due to the increasing need for
  cost-effective forest management approaches to
  meet sustainable goals such as improving air
  quality and reducing negative environmental
  impacts. On the other hand, huge costs associated
  with the deployment of precision forestry
  solutions may hamper the precision forestry
  market growth in developing countries.

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Competitive Market Share of Precision Forestry
Market
The companies operating in the precision forestry
market are adopting market strategies, such as
new product launches and partnerships, to gain a
competitive edge. For instance, in August 2018,
Ponsse launched three new products, PONSSE Bison
forwarder, PONSSE Cobra, and Fox harvesters,
enabling customers to improve productivity and
cost-efficiency for harvesting purposes. in
February 2018, John Deere released a new line-up
of 100 Series Lawn Tractors with side-by-side
pedals and other upgrades that increase the
comfort of customers. In November 2018,
Tigercat partnered with a heavy equipment dealer,
EkoNivaTechnika Holding, to gain more share of
the forestry equipment market in Western Russia
and Siberia. Some market players are
collaborating to improve product quality and make
a standardized product. For instance, in June
2019, Komatsu Forest collaborated with SMHI to
provide innovative solutions for sustainable
forestry such as MaxiVision digital tool. Other
players operating in the precision forestry
market are Sampo Rosenlew, Quantum Spatial,
Hitachi Construction Machinery, Doosan Infracore,
Silvere, DroneSeed, Insight Robotics, and
Aerobotics.
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Segments
Precision Forestry Market, By Technology Type
2014-2025 (USD Million) CTL (Cut-to-length)
technology Geospatial Fire Detection
Precision Forestry Market, By Component 2014-2025
(USD Million) Hardware Software Services Pr
ecision Forestry Market, By Application 2014-2025
(USD Million) Harvesting Silviculture Fire
Management Inventory Logistics
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