Allied Market Research published a report, titled, “Airborne LiDAR Market by Component (Lasers, Inertial Navigation Systems, Cameras, GPS/GNSS Receivers, and Micro-electromechanical Systems), Application (Corridor Mapping, Seismology, Exploration & Detection, and Others), and End User (Aerospace & Defense, Civil Engineering, Archaeology, Forestry & Agriculture, Mining Industry, and Transportation & Logistics): Global Opportunity Analysis and Industry Forecast, 2018–2025.” The report offers a detailed analysis of changing market trends, competitive landscape, market size & estimations, top winning strategies, and key market players. According to the report, the global airborne LiDAR market is expected to reach $1,010 million by 2025, from $316 million in 2017, growing at a CAGR of 16.4% from 2018 to 2025.
Airborne LiDAR systems are widely used in forestry management & planning, flood modeling, urban/city modeling, pollution modeling, coastline management, transport planning, and cellular network planning. A recent trend to collect higher point densities by flying lower and slower to collect multiple data sets is widely adopted in the industry. Scientists reported that by utilizing this method, the system is able to measure the ground with 520 or even up to 40 points per square meter. This method is expected to provide accurate and precise mapping of the object and is widely employed for topographic surveys in the global accuracy of aerial LiDAR systems in the past few years. This has been enhanced due to the latest advancements in LiDAR sensors.
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The number of drones globally has increased by two folds in the past one year. According to the annual report by Federal Aviation Administration (FAA), the number of drones in the U.S. has reached 2.5 million by the end of 2016. It is projected to reach up to 7.0 million by the end of 2020, out of which unmanned aerial vehicle are anticipated to be a whopping 4.3 million in number. All these factors are expected to fuel development of airborne LiDAR; hence, the growth in the overall airborne LiDAR market is expected to grow in the future.
Potential Benefits for airborne LiDAR market:
- This report provides an in-depth analysis of the global airborne LiDAR market outlook along with current trends and future estimations to identify profitable investment opportunities
- Key drivers, opportunities, and restraints that shape the market along with their impact analysis are explained
- Porters five forces analysis highlights the potency of buyers and suppliers to facilitate better business decisions for stakeholders and strengthen their supplier and buyer networks
- Market estimation of geographical regions is based on the current market scenario and future trends
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Airborne LiDAR Market Report Highlights
| Aspects | Details |
|---|---|
| By Component | LasersInertial Navigation SystemsCameraGPS/GNSS ReceiversMicro-electromechanical Systems |
| By Application | Corridor MappingSeismologyExploration & DetectionOthers |
| By End User | Aerospace & DefenseCivil EngineeringForestry & AgricultureTransportationArchaeologyMining Industry |
| By Region | North America (U.S., Canada, Mexico)Europe (UK, Germany, France, Russia, Rest of Europe)Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa) |
| Key Market Players | Airborne Imaging, Faro Technologies, Inc., Firmatek, Flir Systems, Inc., Lasermap Inc., Leica Geosystems, Merrick & Company, RIEGL Laser Measurement Systems GmbH, Saab Group, Teledyne Technologies |
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