Which are the major applications of precision forestry technlogy ? How huge is the opportunity for their growth in the next five years?

The major applications of precision forestry technologies includes harvesting management, silviculture and fire management, inventory and logistics management, and genetics and nurseries. Harvestimg management application is expected to command the precision forestry market from 2020 to 2024. Precision forestry market is expected to provide an opportunity of ~USD 6.0 billion by 2024 due to increasing forestry mechanization in emerging countries of Asia Pacific and Africa, decreasing cost of forestry mapping technologies, prevention of illegal logging and deforestation; and increasing government support towards digitalization of forest management.