According to a recent research, Industry revenue for Smart Forestry is expected to rise to $21.5 billion by 2035 from $5.3 billion of 2023. U.S., Canada and Brazil are the top 5 markets and combinely holds substantial demand share. The revenue growth of market players in these countries is expected to range between 11.1% and 14.8% annually for period 2024 to 2035.
Industry transition including transition to carbon neutrality in forestry and adoption of ai for biodiversity monitoring, are transforming the supply chain of Smart Forestry market. Forest conservation is now more directed towards achieving carbon neutrality by using technology to oversee and improve the absorption of carbon in forested areas. This plays a role, in addressing climate change challenges.
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Research Study addresses the market dynamics including opportunities, competition analysis, industry insights for Technology (Remote Sensing, GIS, Drones, IoT), Application (Forest Monitoring, Reforestation, Wildfire Management, Carbon Capture) and undefined ().
Industry Leadership and Strategies
Companies such as Trimble, Planet Labs, ESRI, IBM Watson, DroneDeploy, John Deere, GeoDigital, AG Leader, SATelligence, Hummingbird Technologies, Treevia and CollectiveCrunch are well placed in the market. Below table summarize the strategies employed by these players within the eco-system.
Evolving Shifting Regional Markets
North America and Europe are the two most active and leading regions in the market. With different regional dynamics and industry challenges like high cost of technological implementation, data privacy and regulatory challenges and limited infrastructure in remote areas; market supply chain from technology providers to service providers is expected to evolve expand further, especially within emerging markets
The market in emerging countries is expected to expand substantially between 2024 and 2030, supported by market drivers such as demand for sustainable forest management, need for improved wildfire mitigation, and advancements in remote sensing and ai.
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