Precision Forestry Market by Technology (CTL, Geospatial, Fire Detection), Application (Harvesting, Silviculture & Fire Management, Inventory & Logistics), Offering (Hardware, Software, Services), and Geography - Global Forecast to 2024
The precision forestry market was worth USD 3.9 billion in 2019 and is projected to reach USD 6.1 billion by 2024, at a CAGR of 9.0% during 2019–2024. The major drivers for the precision forestry market are increasing mechanization of forestry operation, growing demand for forestry products, decreasing cost of advanced monitoring & surveillance technologies, and increasing government support to adopt modern forestry techniques to curb illegal logging.
“Market for the hardware required in forestry monitoring and harvesting management is expected to hold the largest share during the forecast period.”
Based on offering, the precision forestry market has been classified into hardware, software, and services. Hardware held the largest market share owing to the high adoption of automation and monitoring devices, such as harvesters & forwarders, GNSS/GPS, UAVs/drones, fire detection devices, and sensors. In the yield monitoring process, hardware such as sensors and GPS devices play a vital role in measuring various yield parameters.
“Cut-to-Length technology expected to hold the largest market share from 2019 to 2024.”
The increasing replacement of conventional forestry harvesting equipment—full length and tree length—with fully mechanized cut-to-length (CTL) harvesting technology, is a major factor driving the growth of this segment. Fully mechanized CTL based harvesting technology has become widely accepted in the forestry industry. CTL can be used in extreme temperature and boreal forests, particularly in Nordic countries. For instance, CTL-based harvesting technologies are used wherein 30% of the land is inclined. Further, it can also be used in plantations and peatlands. Currently, more than 90% of logging in Sweden and Finland is carried out by CTL-based harvesting technology.
“Harvesting application is expected to hold the largest market share from 2019 to 2024.”
The growth of this market can be attributed to the increasing adoption of CTL-based harvesting technology. Further, the rising demand for industrial round wood across the world is expected to fuel the growth of this market. Fully mechanized CTL based harvesting is being used widely by the forest industry in temperate and boreal forests, particularly in Nordic countries. Currently, more than 90% of logging in Sweden and Finland is carried out by harvester forwarder systems, popularly known as cut-to-length (CTL).
“Americas expected to account for the largest market share from 2019 to 2024.”
The Americas accounted for the largest share of the global precision forestry market in 2018, owing to the high mechanization level of forestry operations in the US and Canada. The presence of extensive forests and the increasing demand for industrial round wood and its related products are the major factors driving the growth of precision forestry technology in this region. Increasing replacement of old forestry harvesters with more advanced and sophisticated CTL-based ones in the US and Canada is expected to create additional demand for forestry technology in this region.
Key Market Players
Key players in the precision forestry market include Deere & Company (US), Trimble (US), Raven Industries (US), Tigercat (Canada), Ponsse (Finland), Komatsu Forest AB (Sweden), Caterpillar (US), Treemetrics (Ireland), Rottne Industri AB (Sweden), Ecolog (Sweden), Sampo Rosenlew (Finland), Quantum Spatial (US), Hitachi Construction Machinery (Japan), Doosan Infracore (South Korea), Blount International (US), Integrated Forest Management (US), Silvere (Finland), DroneSeed (US), Insight Robotics (Hong Kong), Treevia Forest Technologies (Brazil), and Aerobotics (South Africa). Major players in the precision forestry market have adopted strategies such as agreements, product launches, mergers & acquisitions, and partnerships to grow in the market.
Report Scope
|
Report Metric |
Details |
|
Market size available for years |
2016-2024 |
|
Base year considered |
2018 |
|
Forecast period |
2019-2024 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Technology, Offering, Application, and Region |
|
Geographies covered |
Americas, Europe, APAC, and RoW |
|
Companies covered |
Deere & Company (US), Trimble (US), Raven Industries (US), Tigercat (Canada), Ponsse (Finland), Komatsu Forest AB (Sweden), Caterpillar (US), Treemetrics (Ireland) Total 20 major players covered |
The precision forestry market comprises technology providers such as Deere & Company (US), Trimble (US), Raven Industries (US), Tigercat (Canada), Ponsse (Finland), Komatsu Forest AB (Sweden), and Caterpillar (US).
The report also describes the drivers, restraints, opportunities, and challenges for the growth of the precision forestry market. In addition to the in-depth view on market segmentation, the report includes critical market data and qualitative information for each type, along with qualitative analysis, such as value chain analysis, market ranking analysis, and competitive situations and trends. The report targets technology providers, software and service providers, system integrators, and end-user industries.
The precision forestry market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The precision forestry market has been segmented as below:
Precision Forestry Market, by Application
- Genetics and Nurseries
- Silviculture & Fire Management
- Harvesting Management
- Inventory & Logistics Management
Precision Forestry Market, by Technology
- Cut-to-Length
- Geospatial
- Fire detection
Precision Forestry Market, by Offering
- Hardware
- Software
- Services
Precision Forestry Market, by Region
- Americas
- Europe
- APAC
- RoW
Recent Developments
- In November 2018, Tigercat partnered with EkoNivaTechnika-Holding (Russia)
- In August 2018, Ponsse launched its Bison forwarder, and Cobra and Fox harvesters
- In May 2017, EcoLog partnered with Mercado Forestal (Uruguay)
Critical Questions the Report Answers:
- Where will all these developments take the industry in the mid- to long-term?
- What are the upcoming industry applications of precision forestry?
- Who are the important players in the precision forestry market?
- What are the upcoming products and technologies in the market?
- What are the major drivers, restraints, opportunities, and challenges for the precision forestry market?
Frequently Asked Questions (FAQ):
Which are the major applications of precision forestry technlogy ? How huge is the opportunity for their growth in the next five years?
The major applications of precision forestry technologies includes harvesting management, silviculture and fire management, inventory and logistics management, and genetics and nurseries. Harvestimg management application is expected to command the precision forestry market from 2020 to 2024. Precision forestry market is expected to provide an opportunity of ~USD 6.0 billion by 2024 due to increasing forestry mechanization in emerging countries of Asia Pacific and Africa, decreasing cost of forestry mapping technologies, prevention of illegal logging and deforestation; and increasing government support towards digitalization of forest management.
Which are the major companies in the precision forestry market? What are their major strategies to strengthen their market presence?
Key players in the precision forestry market are include Deere & Company (US), Trimble (US), Raven Industries (US), Tigercat (Canada), Ponsse (Finland), Komatsu Forest AB (Sweden), Caterpillar (US), Treemetrics (Ireland), Rottne Industri AB (Sweden), Ecolog (Sweden), Sampo Rosenlew (Finland), Quantum Spatial (US), Hitachi Construction Machinery (Japan), Doosan Infracore (South Korea), Blount International (US), Integrated Forest Management (US), Silvere (Finland), DroneSeed (US), Insight Robotics (Hong Kong), Treevia Forest Technologies (Brazil), and Aerobotics (South Africa). Major players in the precision forestry market have adopted strategies such as agreements, product launches, mergers & acquisitions, and partnerships to grow in the market. For instance, Tigercat partnered with EkoNivaTechnika-Holding (Russia) in November 2018. Ponsse launched its Bison forwarder, and Cobra and Fox harvesters in August 2018.
What are the drivers and opportunities for the precision forestry market?
Major factors driving the growth of precision forestry market includes surging adoption of advanced technologies such as CTL-based harvesting, , incraesing adoption of drones and AI in forestry farms, growing investments in forestry technology and R&D projects, and increasing support by worldwide governments for preventing fire in forestry by adopting advanced fire fighting detection systems. Large forest reserves, especially in China, India, and Brazil, are expected to be lucrative markets for forestry technology, owing to the increasing demand for better quality and quantity of round wood industrial products.
Which region is expected to witness significant demand for precision forestry market in the coming years?
The Americas constitute a significant share of the global precision forestry market. Deere & Company (US), CNH Industrial (US), Trimble (US), and Raven Industries (US) are among the major precision forestry technology providers in this region. The increasing demand for advanced forestry solutions such as cut-to-length harvesters, full length harvesting systems, and forestry robots, which are equipped with steering and guidance technology, sensors, display devices, robotic arms, and forestry management software.
Which type of system is expected to be growing at the highest rate in the precision forestry market?
"The fire detection technology followed by CTL-based harvestors is expected to grow at the higher CAGR between 2019 and 2024. The growth of fire detection technology market can be attributed to the increasing adoption of wireless sensor network-based fire detection systems. These systems have the potential to achieve the high detection resolution and accuracy that are required for the early detection of forest fires. Increasing replacement of conventional forestry harvesting equipment with fully mechanized cut-to-length (CTL) harvesting technology is a major factor driving the growth of CTL-based harvesting technology. " .
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Study Objectives
1.2 Definition
1.3 Scope of Study
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis (Supply Side)
2.3 Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions
2.4.2 Assumptions Considered While Estimating Global Precision Forestry Market
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 34)
4.1 Attractive Opportunities in Precision Forestry Market
4.2 Market in Europe, By Technology
4.3 Market, By Application
4.4 Market, By Technology
4.5 Geographic Analysis of Precision Forestry Market
5 Market Overview (Page No. - 37)
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increasing Mechanization of Forestry Operations
5.1.1.2 Growing Demand for Forestry Products
5.1.1.3 Decreasing Cost of Advanced Monitoring and Surveillance Technologies
5.1.1.4 Increasing Government Support to Adopt Modern Forestry Techniques
5.1.2 Restraints
5.1.2.1 High Capital Investment
5.1.2.2 Lack of Skills and Technical Awareness Among Forest Operators
5.1.3 Opportunities
5.1.3.1 Emerging Countries to Offer Significant Growth Opportunities
5.1.4 Challenges
5.1.4.1 Illegal Logging
5.1.4.2 Lack of Standardization and Safety Issues
6 Industry Trends (Page No. - 42)
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Major Market Players in the Precision Forestry Market
6.3 Industry Trends
6.3.1 Integration of Telematics With Forest Mechanization
6.3.2 Advent of Lidar Fitted UAVS
7 Precision Forestry Market, By Offering (Page No. - 45)
7.1 Introduction
7.2 Hardware
7.2.1 Harvesters & Forwarders
7.2.1.1 Harvesters & Forwarders Held the Largest Market Share in 2018
7.2.2 UAVS/Drones
7.2.2.1 UAVS/Drones to Witness the Highest CAGR During the Forecast Period
7.2.3 GPS
7.2.3.1 Site-Specific Forestry Management Expected to Propel the Demand for GPS
7.2.4 Cameras
7.2.4.1 Demand for Video Cameras With Hyperspectral, Multispectral, and Infra-Red Sensors to Grow at A Substantial Rate During the Forecast Period
7.2.5 RFID and Sensors
7.2.5.1 RFID and Sensors to Grow at A Substantial Rate Between 2019 and 2024
7.2.6 Variable Rate Controllers
7.2.6.1 Increasing Adoption of Site-Specific Vegetation Management Expected to Fuel the Demand for Variable Rate Controllers
7.2.7 Others
7.3 Software
7.3.1 Increasing Adoption of Saas-Based Forestry Software Expected to Propel Market During Forecast Period
7.4 Services
7.4.1 Increasing Demand for Managed Services to Propel Overall Services Segment
8 Precision Forestry Market, By Technology (Page No. - 57)
8.1 Introduction
8.2 CTL
8.2.1 Increasing Demand for CTL-Based Harvesting Technology in Emerging Regions Create Opportunities for Manufacturers
8.3 Geospatial
8.3.1 Remote Sensing
8.3.1.1 Increasing Adoption of UAVS for Aerial Imagery to Propel the Market Growth
8.3.2 Lidar
8.3.2.1 Lidar Technology to Provide Enhanced Forest Monitoring Management With High Spatial Resolution
8.4 Fire Detection
8.4.1 Increasing Wildfire Incidents Around the World to Boost Demand for Fire Detection Technology
9 Precision Forestry Market, By Application (Page No. - 67)
9.1 Introduction
9.2 Genetics and Nurseries
9.2.1 UAVS/Drones are Increasingly Being Used for Tree Plantation
9.3 Silviculture and Fire Management
9.3.1 Increasing Adoption of Wireless Sensor Network-Based Forest Fire Detection Systems Expected to Propel Precision Forestry Market in Silviculture and Fire Management
9.4 Harvesting Management
9.4.1 Harvesting Management to Hold the Largest Market Share During the Forecast Period
9.5 Inventory and Logistics Management
9.5.1 Inventory and Logistics Management Expected to Grow at the Highest CAGR During the Forecast Period
10 Geographic Analysis (Page No. - 76)
10.1 Introduction
10.2 Americas
10.2.1 North America
10.2.1.1 US
10.2.1.1.1 The US Leads the Precision Forestry Market in North America
10.2.1.2 Canada
10.2.1.2.1 Increasing Adoption of Telematics and Advanced Monitoring Devices Drives the Precision Forestry Market in Canada
10.2.1.3 Mexico
10.2.1.3.1 Mexico to Witness Highest Growth Rate for Precision Forestry Market in North America
10.2.2 South America
10.2.2.1 Brazil
10.2.2.1.1 Brazil Registered the Largest Market Size for Precision Forestry in South America
10.2.2.2 Peru
10.2.2.2.1 Peru to Witness the Highest Growth Rate for Precision Forestry Market in South America
10.2.2.3 Rest of South America
10.3 Europe
10.3.1 Russia
10.3.1.1 Russia is the Fastest-Growing Market for Precision Forestry in Europe
10.3.2 Sweden
10.3.2.1 Sweden Records the Highest Adoption of Cut-To-Length Technology
10.3.3 Finland
10.3.3.1 High Level of Forest Mechanization in Finland
10.3.4 Spain
10.3.4.1 Precision Forestry Market in Spain to Grow at A Moderate Rate During the Forecast Period
10.3.5 France
10.3.5.1 Increasing Demand for Precision Forestry Equipment in France is Due to the Shortage of Skilled Labor
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Australia
10.4.1.1 Increasing Demand for Industrial Round Wood to Boost Precision Forestry Market in Australia
10.4.2 China
10.4.2.1 Government Initiatives to Propel Precision Forestry Market in China
10.4.3 Japan
10.4.3.1 Demand for Industrial Woods in Japan Expected to Increase in Next Couple of Years
10.4.4 India
10.4.4.1 Increasing Number of Government Projects for Mapping of Forests to Propel Demand for Forestry Technology in India
10.4.5 Indonesia
10.4.5.1 Large Forest Reserves in Indonesia to Boost Demand for Forestry Technology
10.5 Rest of the World
10.5.1 Africa
10.5.1.1 Precision Forestry Market in South Africa Expected to Grow at A High Rate
10.5.2 Middle East
10.5.2.1 High Cost of Precision Forestry Technology is A Major Challenge in the Middle East
11 Competitive Landscape (Page No. - 95)
11.1 Introduction
11.2 Market Ranking Analysis for the Precision Forestry Market, 2018
11.3 Competitive Situation and Trends
11.4 Competitive Leadership Mapping, 2018
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic Differentiators
11.4.4 Emerging Companies
11.5 Competitive Benchmarking
11.5.1 Strength of Product Portfolio (25 Players)
11.5.2 Business Strategies Excellence (25 Players)
11.6 Recent Developments
11.6.1 New Product Launches
11.6.2 Agreements, Partnerships, and Contracts
11.6.3 Mergers & Acquisitions
12 Company Profiles (Page No. - 104)
12.1 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.1.1 Deere & Company
12.1.2 Ponsse
12.1.3 Komatsu Forest
12.1.4 Tigercat
12.1.5 Caterpillar
12.1.6 Topcon Positioning Systems
12.1.7 Treemetrics
12.1.8 Rottne
12.1.9 Ecolog
12.1.10 Sampo Rosenlew
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12.2 Other Companies
12.2.1 Quantum Spatial
12.2.2 Hitachi Construction Machinery
12.2.3 Doosan Infracore
12.2.4 Blount International
12.2.5 Integrated Forest Management
12.3 Start-Up Ecosystem
12.3.1 Silvere
12.3.2 Drone Seed
12.3.3 Insight Robotics
12.3.4 Treevia Forest Technologies
12.3.5 Aerobotics
13 Appendix (Page No. - 137)
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customization
13.5 Related Reports
13.6 Author Details
List of Tables (50 Tables)
Table 1 Precision Forestry Market, By Offering, 2019–2024 (USD Billion)
Table 2 Precision Forestry Hardware Market, By Type, 2019–2024 (USD Million)
Table 3 Precision Forestry Hardware Market, By Technology, 2019–2024 (USD Million)
Table 4 Precision Forestry Hardware Market, By Application, 2019–2024 (USD Million)
Table 5 Precision Forestry Hardware Market, By Geography, 2019–2024 (USD Million)
Table 6 Precision Forestry Software Market, By Technology, 2016–2024 (USD Million)
Table 7 Precision Forestry Software Market, By Application, 2016–2024 (USD Million)
Table 8 Precision Forestry Software Market, By Geography, 2016–2024 (USD Million)
Table 9 Precision Forestry Services Market, By Technology, 2016–2024 (USD Million)
Table 10 Precision Forestry Services Market, By Application, 2016–2024 (USD Million)
Table 11 Precision Forestry Services Market, By Geography, 2016–2024 (USD Million)
Table 12 Market, By Technology, 2016–2024 (USD Million)
Table 13 CTL Technology for Market, By Offering, 2016–2024 (USD Million)
Table 14 CTL Technology for Market, By Application, 2016–2024 (USD Million)
Table 15 CTL Technology for Market, By Geography, 2016–2024 (USD Million)
Table 16 Geospatial Technology for Market, By Offering, 2016–2024 (USD Million)
Table 17 Geospatial Technology for Market, By Application, 2016–2024 (USD Million)
Table 18 Geospatial Technology for Market, By Geography, 2016–2024 (USD Million)
Table 19 Fire Detection Technology for Market, By Offering, 2016–2024 (USD Million)
Table 20 Fire Detection Technology for Market, By Application, 2016–2024 (USD Million)
Table 21 Fire Detection Technology for Market, By Geography, 2016–2024 (USD Million)
Table 22 Market, By Application, 2016–2024 (USD Million)
Table 23 Market in Genetics and Nurseries, By Offering, 2016–2024 (USD Million)
Table 24 Market in Genetics and Nurseries, By Technology, 2016–2024 (USD Million)
Table 25 Market in Silviculture and Fire Management, By Offering, 2016–2024 (USD Million)
Table 26 Market in Silviculture and Fire Management, By Technology, 2016–2024 (USD Million)
Table 27 Market in Harvesting Management, By Offering, 2016–2024 (USD Million)
Table 28 Market in Harvesting Management, By Technology, 2016–2024 (USD Million)
Table 29 Market in Inventory and Logistics Management, By Offering, 2016–2024 (USD Million)
Table 30 Market in Inventory and Logistics Management, By Technology, 2016–2024 (USD Million)
Table 31 Market, By Geography, 2019–2024 (USD Billion)
Table 32 Market in Americas, By Technology, 2016–2024 (USD Million)
Table 33 Market in Americas, By Offering, 2016–2024 (USD Million)
Table 34 Market in Americas, By Region, 2016–2024 (USD Million)
Table 35 Market in North America, By Country, 2016–2024 (USD Million)
Table 36 Market in North America, By Technology, 2016–2024 (USD Million)
Table 37 Market in South America, By Country, 2016–2024 (USD Million)
Table 38 Market in South America, By Technology, 2016–2024 (USD Million)
Table 39 Market in Europe, By Country, 2016–2024 (USD Million)
Table 40 Market in Europe, By Technology, 2016–2024 (USD Million)
Table 41 Precision Forestry Market in Europe, By Offering, 2016–2024 (USD Million)
Table 42 Market in Asia Pacific, By Country, 2016–2024 (USD Million)
Table 43 Market in Asia Pacific, By Technology, 2016–2024 (USD Million)
Table 44 Market in Asia Pacific, By Offering, 2016–2024 (USD Million)
Table 45 Market in RoW, By Region, 2016–2024 (USD Million)
Table 46 Market in RoW, By Technology, 2016–2024 (USD Million)
Table 47 Market in RoW, By Offering, 2016–2024 (USD Million)
Table 48 Product Launches and Developments, 2015–2018
Table 49 Agreements, Partnerships, and Contracts, 2015–2018
Table 50 Mergers & Acquisitions, 2015–2018
List of Figures (42 Figures)
Figure 1 Precision Forestry Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Precision Forestry Market, 2016–2024 (USD Billion)
Figure 6 Hardware Segment Held Largest Share of Precision Forestry Market in 2018
Figure 7 Inventory and Logistics Management Market Projected to Grow at Highest CAGR From 2019 to 2024
Figure 8 Fire Detection Technology Expected to Grow at Highest CAGR During the Forecast Period
Figure 9 Asia Pacific Expected to Grow at Highest CAGR During Forecast Period
Figure 10 Decreasing Cost of Forestry Mapping Technology is Expected to Propel the Growth of the Precision Forestry Market
Figure 11 Russia Estimated to Hold Largest Share of European Market in 2019
Figure 12 Harvesting Management Segment Expected to Hold Largest Share of Precision Forestry Market From 2019 to 2024
Figure 13 CTL-Based Harvesting Technology Expected to Lead Market During Forecast Period
Figure 14 Precision Forestry Market in India to Grow at Highest CAGR During Forecast Period
Figure 15 Precision Forestry Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Forest Mechanization Ratio, By Geography (2018–2024)
Figure 17 Global Industrial Round Wood Production, 2018–2024 (Million Units)
Figure 18 Value Chain Analysis: Precision Forestry Market
Figure 19 Services Market Expected to Grow at Highest CAGR Between 2019 and 2024
Figure 20 CTL Technology Estimated to Lead Precision Forestry Market in 2019
Figure 21 Hardware Market in APAC Expected to Grow at Highest CAGR During Forecast Period
Figure 22 Fire Detection Software Market Expected to Grow at Highest CAGR During Forecast Period
Figure 23 Fire Detection Services Market Expected to Grow at Highest CAGR During Forecast Period
Figure 24 Fire Detection Technology Expected to Grow at Highest CAGR Between 2019 and 2024
Figure 25 CTL Technology for Market in APAC Expected to Grow at Highest CAGR During the Forecast Period
Figure 26 Geospatial Technology Market in APAC Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Fire Detection Technology Market in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 28 Inventory and Logistics Management Market Expected to Grow at Highest CAGR Between 2019 and 2024
Figure 29 Hardware Market Expected to Lead Precision Forestry Market in Genetics and Nurseries Application From 2019 to 2024
Figure 30 Fire Detection Technology in Silviculture and Fire Management Expected to Grow at Highest CAGR Between 2019 and 2024
Figure 31 Geospatial Technology Estimated to Lead Precision Forestry Market in Inventory and Logistics Management in 2019
Figure 32 Market: Geographic Snapshot
Figure 33 Americas: Market Snapshot
Figure 34 Europe: Market Snapshot
Figure 35 APAC: Market Snapshot
Figure 36 New Product Launches Was the Key Strategy Adopted By the Key Players in the Precision Forestry Market Between 2015 and 2018
Figure 37 Market Ranking of the Top 5 Players in the Precision Forestry Market, 2018
Figure 38 Market Evaluation Framework
Figure 39 Market (Global) Competitive Leadership Mapping, 2018
Figure 40 Deere & Company: Company Snapshot
Figure 41 Ponsse: Company Snapshot
Figure 42 Caterpillar: Company Snapshot
The study involved four major activities in estimating the size of the precision forestry market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market’s size. After that, market breakdown and data triangulation were used to estimate the market sizes of segments and sub-segments.
Secondary Research
In the precision forestry market report, both top-down and bottom-up approaches have been used to estimate and validate the size of the precision forestry market, along with other dependent submarkets. The key players in the precision forestry market have been identified through secondary research, and their market shares have been determined through primary and secondary research. This entire research methodology involved studying annual and financial reports of the top players and interviewing experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative). All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that may affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Primary Research
The precision forestry market supply chain comprises several stakeholders, such as component manufacturers, solution providers, and system integrators. The demand side of this market is characterized by government, corporate forest owners, individual forest owners, research institutes, and forestry associations; the supply side is characterized by technology and hardware suppliers, solution providers, and system integrators. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of the primary respondents is provided below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the precision forestry market. These methods were also extensively used to estimate the sizes of various market sub-segments. The research methodology used to estimate the market sizes includes the following:
- The key players in the market were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
The Main Objectives of this study are:
- To define, analyze, and forecast the precision forestry market, in terms of value, by product, offering, application, and geography
- To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the precision forestry market
- To forecast the precision forestry market for different segments with respect to four regions—Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To strategically profile key players and comprehensively analyze their market positions in terms of ranking and core competencies, and detail the competitive landscape for market leaders
Available Customizations:
Country-wise Information:
- Detailed analysis of various hardware, software, and services for each country.
- Detailed analysis of technology types–cut-to-length, geospatial, and fire detection
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Precision Forestry Market