Press release
Smart Forestry Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Smart Forestry
What Is the Current Smart Forestry Market Size and Its Estimated Growth Rate?
The smart forestry market size has grown rapidly in recent years. It will expand from $4.95 billion in 2024 to $5.49 billion in 2025, with a CAGR of 11.0%. This growth is driven by increasing environmental awareness, a rising need for efficient forest management, government regulations on deforestation, growing concerns about climate change, and the push for sustainable resource management.
The smart forestry market is projected to grow to $8.25 billion by 2029 at a CAGR of 10.7%. Factors driving this growth include the expansion of IoT networks, increased investment in precision agriculture, a focus on climate resilience, rising funding for green technology, and growing demand for sustainably sourced forest products. Key trends include the adoption of AI-driven analytics, the expansion of IoT-enabled sensors, advancements in drone and satellite imagery, blockchain integration for supply c
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How Are Emerging Segments Shaping the Smart Forestry Market Landscape?
The smart forestrymarket covered in this report is segmented -
1) By Type: Machinery, Software
2) By Technology: Global Positioning System (GPS), Geographic Information System (GIS), Remote Sensing
3) By Application: Timber Harvesting, Forest Management, Reforestation
4) By End-User: Private Foresters, Government Agencies, Research Institutes
Subsegments:
1) Machinery: Harvesting Equipment, Forestry Vehicles, Tree Planting Machines
2) Software: Forest Management Software, Inventory Management Software, Geographic Information Systems (GIS)
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Which Growth Factors Are Influencing Smart Forestry Market Expansion?
The increasing demand for responsible forestry practices is expected to drive the smart forestry market. Responsible forestry ensures the long-term health and productivity of forests while meeting social, economic, and environmental demands. The demand for these practices is rising due to ecological awareness, regulations, and the need for sustainable products. Smart forestry utilizes advanced technologies for monitoring and sustainable management of forest resources. For instance, tree planting rates in England increased by 40% in 2022-23 compared to the previous year. Therefore, the demand for responsible forestry practices is propelling the smart forestry market.
Who Are the Dominant Players Across Different Smart Forestry Market Segments?
Major companies operating in the smart forestry market are Deere & Company, Hexagon AB, Trimble Inc., Maxar Technologies Inc., Esri International LLC, Ponsse Oyj, AFRY AB, Planet Labs PBC, Pix4D SA, Komatsu Forest AB, EcoTrust Software Ltda., Silvacom Ltd., GEOSYS, Rottne Industri AB, Tigercat International Inc., TreeMetrics, Skytec LLC, Agremo Ltd., ForestX AB, Landmark Spatial Solutions, CollectiveCrunch Oy, Blue Marble Geographics, GIS Cloud Ltd.
What Are the Major Trends Shaping the Smart Forestry Market?
In the smart forestry market, companies are developing innovative digital platforms to improve safety, productivity, and sustainability. A digital platform connects users through integrated services and applications to enhance functionality. For example, in June 2024, Komatsu Limited (Japan) launched a digital platform that integrates real-time data analytics and AI for better equipment management and operational efficiency on construction and mining sites. The platform facilitates predictive maintenance to reduce downtime and optimize machine performance, with remote monitoring capabilities allowing operators to track machine health and productivity from any location.
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Which Geographic Regions Are Expected to Dominate the Smart Forestry Market in the Coming Years?
North America was the largest region in the smart forestry market in 2024. The regions covered in the smart forestry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Forestry Market?
2. What is the CAGR expected in the Smart Forestry Market?
3. What Are the Key Innovations Transforming the Smart Forestry Industry?
4. Which Region Is Leading the Smart Forestry Market?
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