Precision Forestry Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Precision Forestry Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : March, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Precision Forestry Market: Overview

The demand within the global precision forestry market has been rising on account of advancements in the field of forest management. The growing relevance of forest-related domains has played a vital role in the growth of the global market. Precision forestry refers to the use of modern tools and technologies for forest management, including but not limited to, geographical analysis, testing of wood quality, and environmental protection. Precision forestry can be defined as a subset of forest management, and this is a key dynamic from the perspective of gauging market growth. The need for maintaining an apt temperature for forests to mushroom is a key area within the domain of precision forestry. The stellar advantages of forests are behind the paced growth of the global precision forestry market. It is expected that the volume of revenues within the global precision forestry market would increase in the years to follow.

The growth of the global precision forestry market hinges onto advancements in the domain of forest and environmental studies. The precision forestry market is projected to attract voluminous investments from multiple entities in the forthcoming years. It is important to draw the attention of governments and decision-makers towards the importance of forests. Precision forestry helps in garnering the attention of these demographics, which is a key reason behind market growth. The forces operating in the global forest management industry have favoured the growth of the global precision forestry market. There is a heavy possibility of new methods of forestry emerging across the world. It would be interesting to witness the impact of these changes on the global precision forestry market.

The global precision forestry market can be segmented on the basis of the following parameters: technology, application, offering, and geography. The aforementioned segments pertaining to the global precision forestry market help in getting a holistic view of market growth.

Global Precision Forestry Market: Notable Development

The global precision forestry market has undergone key development over the recent past. Some of these developments are:

  • EkoNivaTechnika-Holding partnered with Tigercat in November 2018. This partnership has proved to be mutually beneficial for both the parties in terms of revenues and profits.
  • The launch of new products such as Bison Forwarder by Ponsse has helped the latter in garnering a fresh consumer base in new regions.
  • Mercado Forestal has partnered with EcoLog, and this partnership has helped the vendors in getting closer to meeting their annual sales targets.

Global Precision Forestry Market: Growth Drivers

  • Increasing Demand for Forest Products

The extraction and acquisition of products gathered from the forests also come under the domain of precision forestry. These products including sandalwood and hay are in great demand across the world. Hence, the global precision forestry market has been expanding at a stellar pace in recent times.

  • Deployment of Advanced Surveillance Technologies

The growth of the global precision forestry market largely hinges onto the deployment of improved software and hardware technologies in forest management. Hence, the use of GPS and surveillance technologies in forest management has aided market growth.

Global Precision Forestry Market: Regional Outlook

On the basis of geography, the global precision forestry market has been segmented into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. The precision forestry market in Asia Pacific is growing due to the presence of expansive forests in the region.

The global precision forestry market is segmented on the basis of the following parameters:

Technology

  • CTL
  • Geospatial
  • Fire Detection

Application

  • Harvesting
  • Silviculture and Fire Management
  • Inventory and Logistics

Offering

  • Hardware
  • Software
  • Services

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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