(EMAILWIRE.COM, August 02, 2019 ) 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.

Don’t miss out on business opportunities in precision forestry market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=228021988#emailwire

“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).

Browse and in-depth TOC on "precision forestry market"

50 - Tables
42 - Figures
144 - Pages

View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/precision-forestry-market-228021988.html#emailwire

“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.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=228021988#emailwire

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.

Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/