Precision Forestry Market size has been gaining immense momentum lately and is now expected to record phenomenal gains over 2021 to 2027. The growth primarily comes from rising mechanization of forestry operation, declining costs of advanced monitoring and surveillance technologies, expediting demand for forestry products and increasing favorable government policies to adopt conventional forestry techniques to limit illegal logging.
Precision forestry boasts of the ability to transform the forestry industry by making traditional activities highly economical and effective.
A gradual surge in the adoption of various current day technologies, like LiDAR and laser scanning, GIS, soil sensors, and others would potentially spur the demand for precision forestry through 2027. Various companies and organizations are looking forward to building novel innovations in the space to lead the competitive edge in the global industry space. For instance, Airborne Snow Observations (ASO), recently announced delivering one of North America’s first RIEGL VQ-10 II-S airborne laser scanners. This system would enable ASO to measure snow water equivalent across forest covers and mountain basins.
Based on the technology spectrum, the global precision forestry market is expected to benefit from the cut-to-length harvesting technology, which would hold a considerable market share in the years to come. CTL technology is a mechanized harvesting technology, which can be used in adverse temperature and boreal forests, making it highly preferred for precision forestry. It has been observed that more than 90% of logging in Finland and Sweden is carried out by CTL based technology.
Regionally, in North America, the growth is likely to come from high mechanization level of forestry operations in the United States and Canada. Moreover, the presence of extensive forests and rising demand for industrial round wood and its related products would further augment the North America precision forestry market share. Alongside, increasing replacement of old forestry harvesters with highly advanced and sophisticated CTL based logging in the prominent economies is deemed to create additional demand for forestry technology in the continent.
Asia Pacific precision forestry market size is slated to gain major impetus in the coming years, owing to the expanding motorization of ranger services activities in emerging economies like Australia, India, China, and others. Various organizations in these countries are relentlessly working towards introducing new technologies and products that would help them map the happenings of forests and land. Quoting and instance, the Indian Space Research Organization (ISRO) in 2020, launched the earth observation satellite, EOS-01 along with nine international customer satellites on board from the spaceport of Sriharikota in Andhra Pradesh. As per credible reports, the satellite is made for applications in forestry, agriculture and disaster management support.
Some of the prominent companies operating in the global precision forestry market are John Deere (Deere & Company), Komatsu Forest AB (Komatsu Limited), Ponsse Oyj, Tigercat Machines, Raven Industries, and others. These industry players are engaged in building up positive growth and business strategies like novel product development and launch, collaborations, acquisitions, and more, to gain a competitive edge in the global market.
Citing an instance, John Deere recently unveiled its Precision Forestry Initiative to build a focused approach to its job site technology solutions. With this initiative, the company is also looking forward to creating a foundation for the future of forestry machines.
In yet another instance, Ponsse announced the launch of its new H9 harvester head, which is deemed capable of processing, multi-stemming, and felling large trucks. Besides, the new harvester head boasts of a decent tilt function and top saw option which allows for more effective tree handling.
The global coronavirus pandemic outbreak has brought various industries and businesses to standstill. The precision forestry market is no exception. Imposition of stringent lockdown norms, movement restriction, production halts, and disruption in supply chains is projected to decline the demand for precision forestry solutions till the coronavirus pandemic phase exists.
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