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Precision Forestry Market Trends

  • Report ID: GMI10449
  • Published Date: Jul 2024
  • Report Format: PDF

Precision Forestry Market Trends

Mobile application development for field data collection has unlocked the potential for revolutionizing precision forestry by utilizing the practice of data collection more easily and efficiently in forests. Such applications have played a great role in implementing direct recording and analysis of data in the field by forest professionals using smartphones and tablets. Software such as TimberMatic Maps and TimberManager by John Deere, providers operators the ability to develop geographical maps of the harvesting site.
 

The Forestry Mobile Solution suite by Trimble offers applications for inventory management, tree measurement, and health assessment. These mobile apps are mostly equipped with offline capabilities to ensure continuity in data collection even in case of no network range. This has resulted in more accurate real-time data entry, often reducing documentation requirements. Consequently, it is leading to improved decision-making and, subsequently, more effective forest management.
 

LiDAR (Light Detection and Ranging) technology is considered increasingly important in precision forestry, revolutionizing the mapping and management of forests. By emitting laser pulses, this technology generates intricate three-dimensional maps of forested regions, offering precise metrics on tree height, canopy density, and biomass. Further, it empowers foresters to swiftly and accurately conduct comprehensive forest inventories, even in challenging, densely forested locales.
 

Further, major players, such as Weyerhaeuser and Hancock Timber Resource Group, have embraced LiDAR to refine their resource assessments and planning. Beyond industrial organizations operating in forestry management, governmental bodies and research institutions leverage LiDAR data to track forest health, identify vegetation shifts, and gauge climate change impacts. With its provision of high-resolution spatial data, LiDAR aids in sustainable forest management, optimizes timber production, and safeguards biodiversity.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for precision forestry was valued at USD 5.3 billion in 2023 and is estimated to register over 6% CAGR between 2024 and 2032 due to rapid digitization and automation in forest management.

The government agencies segment in the precision forestry market accounted for around 35% share in 2023, owing to focus on leveraging their abundant resources and responsibility for public land management, facilitated by the adoption of cutting-edge technologies.

North America market accounted for over 35% share in 2023 and will continue to grow through 2032, attributed to advanced technologies and strong research capabilities.

John Deere, Trimble Inc., Hexagon AB, Topcon Corporation, Ponsse Plc, Komatsu Ltd., Treemetrics, and Hitachi Construction Machinery Co., Ltd. among others.

Precision Forestry Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 341
  • Countries covered: 24
  • Pages: 250
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