Precision Forestry Market projected to reach USD 11.72 billion by 2032

From GlobeNewswire: 2025-06-24 10:00:00

The Precision Forestry Market was valued at USD 5.40 billion in 2023, projected to reach USD 11.72 billion by 2032 with a CAGR of 9.1%. The U.S. market is driven by AI adoption, GPS equipment, and sustainable timber demand, with a projected growth to USD 2.40 billion by 2032.

Major players in the Precision Forestry Market include A.G. Leader Technology, CNH Industrial, and Caterpillar Inc., among others. The market scope includes historical data from 2020-2022, with key segments covering hardware, software, and services.

Hardware dominates the market with 52% revenue share in 2023. Software is expected to register the fastest CAGR, offering predictive intelligence and compliance with environmental regulations for operational efficiency in forestry operations.

Cut-to-Length technology leads the market with 49% revenue share, while fire detection technology is projected to grow fastest due to rising forest fires triggered by climate change. Integration of technologies aims to reduce losses and improve risk management efforts.

Harvesting dominates the market with direct association with timber yield and profit. Silviculture & Fire Management is expected to grow fastest, driven by environmental sustainability and technology-driven silviculture initiatives to prevent and respond to fire threats.

North America dominated the market in 2023, with Asia-Pacific expected to register the fastest CAGR. Recent developments in 2024 include AI-integrated harvester systems and enhanced fire detection features in forestry machines.

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