Precision Forestry Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3965
Precision Forestry Market size is expected to witness accelerated growth over the forecast period due to rising adoption of forest mapping technologies, such as Global Positioning Systems (GPS), Internet of Things (IoT), and remote sensing, to keep a track of the changing forest environment. Precision forestry enables the transformation from traditional forestry methods to more economical and environment-friendly forest management approaches to support profitable management of forest resources. The adoption of IoT sensor in forestry applications is increasing as it enables forest authorities to gain valuable information regarding forest resources. It also enables them to have more control over the forest operations and improves their data collection capabilities. Precision forestry guides foresters in taking better management decisions as they can gather accurate information on forest cover. The rising usage of Unmanned Aerial Vehicles (UAVs)/drones in calculating the size of wood chip piles that assist in checking whether trees recently planted on FSC-certified land are growing well also triggers precision forestry market growth.
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.
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. For instance, in Newfoundland and Labrador, aerial LiDAR technology is used for identifying and mapping various wood fiber properties such as fiber dimensions, wood density, and coarseness.
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. For instance, in July 2016, the Maharashtra (India) government used GPS and satellite mapping technologies to monitor the forest cover of the state. Moreover, in June 2019, the Indian and Japanese governments in collaboration started working on several forestry projects such as Forest Management Project in Sikkim, Sustainable Forest Management Project in Tripura, and Forest Management Project in Nagaland. The Japanese government decided to invest USD 190 billion in numerous ongoing and upcoming projects in the north-eastern region of India. Furthermore, for forestland administration, Korea Forest Service (KFS) has also launched a portal, the Forest Spatial Data Information (FSDI), that helps in the management of forestland and national property and includes mapping and data distribution services.
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.
Precision Forestry Market, By Technology Type 2014-2025 (USD Million)
- CTL (Cut-to-length) technology
- Fire Detection
Precision Forestry Market, By Component 2014-2025 (USD Million)
Precision Forestry Market, By Application 2014-2025 (USD Million)
- Silviculture & Fire Management
- Inventory & Logistics
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Aerobotics Energy
- Deere & Company
- Doosan Infracore
- Hitachi Construction Machinery Co., Ltd.
- Insight Robotics
- Komatsu Forest
- Ponsse Oyj
- Quantum Spatial
- Sampo-Rosenlew Oy
- Trimble Inc.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.