Growing Usage of GPS and GIS for Precise Mapping and Monitoring of Forest Resources

The widespread use of GPS and GIS technologies provides precise mapping and monitoring of forest resources, revolutionizing forest management. GPS provides accurate location data, enabling detailed and real-time tracking of forest boundaries, tree locations, and other critical features. GIS integrates this spatial data with various layers of environmental and management information, facilitating comprehensive analysis and visualization. This combination enhances decision-making, supports sustainable practices, and improves the efficiency of forest operations, from planning and harvesting to conservation efforts and biodiversity monitoring.

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Data Bridge Market Research analyses that Precision Forestry Market is expected to reach USD 10.86 billion by 2031 from USD 5.31 billion in 2023, growing with a CAGR of 9.4% in the forecast period of 2024 to 2031.

Key Findings of the Study

Adaptive Management Strategies to Mitigate the Impacts of Climate Change

Adaptive management strategies in precision forestry play a crucial role in mitigating the impacts of climate change by leveraging advanced technologies and data-driven insights to adjust forest management practices dynamically. With the use of real-time data from satellite imagery, drones, and other remote sensing tools, forestry professionals can monitor changes in forest health, track shifts in species distribution, and assess the impacts of climate variability more effectively. These technologies enable the implementation of targeted interventions, such as adjusting planting practices or optimizing resource allocation, to enhance forest resilience and sustainability. By continuously adapting management strategies based on the latest data, precision forestry can more effectively address the challenges posed by climate change, ensuring healthier and more resilient forest ecosystems.

Report Scope and Market Segmentation

Segment Analysis

The precision forestry market is segmented into five notable segments, which are based on the basis offering, technology, application, deployment mode and end user.

• On the basis of offering, the precision forestry market is segmented into hardware software and services

In 2024, hardware is expected to dominate the global precision forestry market.

In 2024, hardware is expected to dominate the market due to increasing use of GPS and GIS for precise monitoring of forest resources with a market share of 49.60%  

• On the basis of technology, the precision forestry market is segmented into data analytics and AI, IoT (Internet of Things), GIS (Geographic Information System), remote sensing, GPS (Global Positioning Systems), and others

In 2024, data analytics and AI is expected to dominate the global precision forestry market

In 2024, data analytics and AI is expected to dominate the global precision forestry market due to increased use of satellite imagery and drones for real-time monitoring with a market share of 31.02%

• On the basis of application, the precision forestry market is segmented into forest management, harvesting and operations, environmental and conservation, fire management, reforestation and afforestation, pest and disease management, and others. In 2024, the forest management is expected to dominate the market with a market share of 32.56%
• On the basis of deployment mode, the precision forestry market is segmented into cloud and on-premises. Cloud is expected to dominate the market with a market share of 61.22%
• On the basis of end user, the precision forestry market is segmented into forestry companies, government and public agencies, conservation organizations, research institutes and others. In 2024, the forestry companies segment is expected to dominate the market with a market share of 37.87%

Major Players

Data Bridge Market Research analyzes Deere & Company (U.S.), Trimble Inc. (U.S.), SATPALDA (India), AgEagle Aerial Systems Inc. (U.S.), and CID Bio-Science Inc. (U.S) among others as the major players operating in the global precision forestry market.

Market Development

• In February 2021, Deere & Company unveiled its precision forestry initiative to enhance job site technology solutions. This organization aimed to increase efficiency and productivity in forestry operations by focusing on production systems, technology stack, and lifecycle solutions. This initiative provided customers with real-time, map-based production planning and new operator assistance capabilities, making it easier to adopt customized solutions and work smarter. The move aligned with Deere's Smart Industrial operating model, emphasizing technology to improve performance without increasing machine size
• In March 2021, Deere & Company launched its precision forestry initiative, focusing on combining machine strength with intelligence to boost efficiency and productivity in forestry. This initiative aligned with Deere's Smart Industrial model, integrates smart technology with its manufacturing legacy. Precision Forestry included real-time, map-based production planning and new operator assistance capabilities. This realignment simplified the technology portfolio, making it easier for customers to adopt customized solutions, ultimately helping loggers work smarter and increase performance in the woods
• In February 2023, Hexagon AB reached a significant achievement by overseeing more than 5 million hectares of forest globally, with a notable increase in monitored plots over the past five years. This progress highlighted Hexagon's advanced precision forestry technologies, enhanced efficiency and productivity in forest management, and reinforced its capability to deliver customized solutions for the industry
• In April 2023, Trimble Inc. announced that Holmen selected Trimble CONNECTED FOREST as its forest management system. Holmen Skog became the first in Sweden and Scandinavia to adopt this suite, aligning with its goal to be more data-driven. The project, implemented by ForestX, marked a shift in Holmen's work approach, integrating new methods and fostering collaboration. This move enabled Holmen to optimize its forestry operations and enhance sustainable forest management
• In June 2021, AFRY AB acquired Finland-based MosaicMill Oy, a leader in using drone and satellite data for forest inventory. This acquisition helped AFRY progress towards becoming a global leader in Smart Forestry digital solutions. The added competence and technology for accurate inventory data strengthened AFRY's offerings, enhancing their market position and expanding their global reach in Smart Forestry services

Regional Analysis

Geographically, the countries covered in the global precision forestry market report are U.S., Canada, Mexico, Europe, Germany, U.K., France, Spain, Italy, Turkey, Russia, Belgium, Netherlands, Switzerland, Denmark, Sweden, Norway, Finland, Poland, and rest of Europe, China, Japan, South Korea, Australia, Malaysia, New Zealand, Singapore, India, Thailand, Indonesia, Philippines, Taiwan, Vietnam, rest of Asia Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, Oman, Bahrain, Kuwait, Qatar, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

As per Data Bridge Market Research analysis:

North America is expected to dominate and be the fastest growing region in the global precision forestry market

North America is expected to dominate the precision forestry technological advancements due to strong government support, and robust adoption of digital forestry solutions across the region. This region benefits from early adoption of precision agriculture and automation technologies, bolstered by substantial investments in agricultural technology research and development, alongside the presence of key market players.

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