Unveiling the Future: Precision Forestry Market Set to Reach $6.1 Billion by 2024
The Precision Forestry Market grew significantly in 2019 and was valued USD 3.9 billion. The market is anticipated to keep growing, with a projected value of USD 6.1 billion by 2024, representing a 9.0% compound yearly growth rate (CAGR) throughout the 2019–2024 forecast period.
Technology developments like Cut-To-Length (CTL), geospatial mapping, and fire detection systems, which increase productivity and efficiency in forestry operations, are among the factors contributing to the market's growth. Market growth is further aided by the growing use of precision forestry applications in fields such as inventory logistics, fire management, harvesting, and silviculture. To meet the various needs of the forestry industry, the market provides a variety of products and services, such as software, hardware, and services. The global emphasis on sustainable forestry practices and the continuous advancements in technology suggest that the precision forestry industry will have sustained expansion in the foreseeable future.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228021988
Several important elements are driving the precision forestry market's rapid rise. Notably, market expansion has been fueled by the growing trend of forestry mechanisation in emerging economies in Asia Pacific and Africa, as well as by an increase in construction activity and the need for sawmill timber. Additionally, the cost of forestry mapping technologies has decreased, making precision forestry more affordable, and the significance of modern forestry management systems has been highlighted by initiatives to stop illicit logging and deforestation. Modern techniques and technology for site-specific forest management have been made easier to use by government assistance for the digitization of forest management practices. Precision forestry has the ability to significantly transform conventional forestry practices and increase their efficiency and cost-effectiveness.
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Cut-to-Length technology expected to hold the largest market share during the forecast period
The industry for cut-to-length (CTL) harvesting technology is experiencing strong expansion, mainly due to the growing use of fully mechanised CTL systems that are taking the place of traditional forestry harvesting equipment. The increased efficiency and efficacy of fully mechanised CTL technology in forestry operations is the driving force behind the move away from traditional methods. CTL technology is widely used in the forestry sector and has several benefits, especially in harsh conditions and difficult terrains including sloped hillsides and boreal woods. CTL-based harvesting technique has been widely adopted in Nordic nations, like as Sweden and Finland, where it is used in about 90% of logging operations. It is noteworthy that CTL systems exhibit adaptability because they may be applied in a variety of environments, such as peatlands and plantations.
The Precision Forestry Market grew significantly in 2019 and was valued USD 3.9 billion. The market is anticipated to keep growing, with a projected value of USD 6.1 billion by 2024, representing a 9.0% compound yearly growth rate (CAGR) throughout the 2019–2024 forecast period.
Technology developments like Cut-To-Length (CTL), geospatial mapping, and fire detection systems, which increase productivity and efficiency in forestry operations, are among the factors contributing to the market's growth. Market growth is further aided by the growing use of precision forestry applications in fields such as inventory logistics, fire management, harvesting, and silviculture. To meet the various needs of the forestry industry, the market provides a variety of products and services, such as software, hardware, and services. The global emphasis on sustainable forestry practices and the continuous advancements in technology suggest that the precision forestry industry will have sustained expansion in the foreseeable future.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228021988
Several important elements are driving the precision forestry market's rapid rise. Notably, market expansion has been fueled by the growing trend of forestry mechanisation in emerging economies in Asia Pacific and Africa, as well as by an increase in construction activity and the need for sawmill timber. Additionally, the cost of forestry mapping technologies has decreased, making precision forestry more affordable, and the significance of modern forestry management systems has been highlighted by initiatives to stop illicit logging and deforestation. Modern techniques and technology for site-specific forest management have been made easier to use by government assistance for the digitization of forest management practices. Precision forestry has the ability to significantly transform conventional forestry practices and increase their efficiency and cost-effectiveness.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=228021988
Cut-to-Length technology expected to hold the largest market share during the forecast period
The industry for cut-to-length (CTL) harvesting technology is experiencing strong expansion, mainly due to the growing use of fully mechanised CTL systems that are taking the place of traditional forestry harvesting equipment. The increased efficiency and efficacy of fully mechanised CTL technology in forestry operations is the driving force behind the move away from traditional methods. CTL technology is widely used in the forestry sector and has several benefits, especially in harsh conditions and difficult terrains including sloped hillsides and boreal woods. CTL-based harvesting technique has been widely adopted in Nordic nations, like as Sweden and Finland, where it is used in about 90% of logging operations. It is noteworthy that CTL systems exhibit adaptability because they may be applied in a variety of environments, such as peatlands and plantations.
Unveiling the Future: Precision Forestry Market Set to Reach $6.1 Billion by 2024
The Precision Forestry Market grew significantly in 2019 and was valued USD 3.9 billion. The market is anticipated to keep growing, with a projected value of USD 6.1 billion by 2024, representing a 9.0% compound yearly growth rate (CAGR) throughout the 2019–2024 forecast period.
Technology developments like Cut-To-Length (CTL), geospatial mapping, and fire detection systems, which increase productivity and efficiency in forestry operations, are among the factors contributing to the market's growth. Market growth is further aided by the growing use of precision forestry applications in fields such as inventory logistics, fire management, harvesting, and silviculture. To meet the various needs of the forestry industry, the market provides a variety of products and services, such as software, hardware, and services. The global emphasis on sustainable forestry practices and the continuous advancements in technology suggest that the precision forestry industry will have sustained expansion in the foreseeable future.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228021988
Several important elements are driving the precision forestry market's rapid rise. Notably, market expansion has been fueled by the growing trend of forestry mechanisation in emerging economies in Asia Pacific and Africa, as well as by an increase in construction activity and the need for sawmill timber. Additionally, the cost of forestry mapping technologies has decreased, making precision forestry more affordable, and the significance of modern forestry management systems has been highlighted by initiatives to stop illicit logging and deforestation. Modern techniques and technology for site-specific forest management have been made easier to use by government assistance for the digitization of forest management practices. Precision forestry has the ability to significantly transform conventional forestry practices and increase their efficiency and cost-effectiveness.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=228021988
Cut-to-Length technology expected to hold the largest market share during the forecast period
The industry for cut-to-length (CTL) harvesting technology is experiencing strong expansion, mainly due to the growing use of fully mechanised CTL systems that are taking the place of traditional forestry harvesting equipment. The increased efficiency and efficacy of fully mechanised CTL technology in forestry operations is the driving force behind the move away from traditional methods. CTL technology is widely used in the forestry sector and has several benefits, especially in harsh conditions and difficult terrains including sloped hillsides and boreal woods. CTL-based harvesting technique has been widely adopted in Nordic nations, like as Sweden and Finland, where it is used in about 90% of logging operations. It is noteworthy that CTL systems exhibit adaptability because they may be applied in a variety of environments, such as peatlands and plantations.
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