Global airborne LiDAR market is expected to reach USD 4,022.4 million by 2025: Report

As per the report published by Fior Markets, the global Airborne LiDAR market is expected to grow from USD 1,014.6 Million in 2017 to USD 4,022.4 Million by 2025 at a CAGR of 18.8% during the forecast period 2018-2025.

Global airborne LiDAR market is expected to reach USD 4,022.4 million by 2025: Report
Global airborne LiDAR market is expected to reach USD 4,022.4 million by 2025: Report

Global airborne LiDAR market is expected to reach USD 4,022.4 million by 2025: Report

As per the report published by Fior Markets, the global Airborne LiDAR market is expected to grow from USD 1,014.6 Million in 2017 to USD 4,022.4 Million by 2025 at a CAGR of 18.8% during the forecast period 2018-2025.

The key contributing factor for the market growth are increasing use of 3D imaging & UAVs in various industries, better performance of LiDAR over conventional sensors, increasing demand for miniaturized micro-electro-mechanical systems (MEMS) sensors and growing implementation of LiDAR in the transportation and logistics activities. A drop in the price-level of drones has also spurred the market.

LiDAR (Light Detection and Ranging) is defined as a device which is mounted on helicopters, drones and others to deliver highly precise terrain data. The LiDAR kept on aircraft releases rapid pulses of laser light at a ground surface. The sensor on the instrument checks the time taken for each pulse to be received back from the ground surface.

The airborne LiDAR systems was developed in the mid-1990s, to deliver explicit 3D laser profiling and scanning in contrast to the 2D planimetric remote sensing data. It is mainly used for producing Digital Elevation Model (DEM), Digital Terrain Model (DTM), and Digital Surface Model (DSM).

This system are most commonly used in flood modelling, forestry management & planning, pollution modelling, transport planning etc. LiDAR is considered as a revolutionary technology for airborne mapping because of its cost-effectiveness. It provides solution for geospatial data acquisition.

LiDAR provides an overall 3D picture of the ground surface which are useful in different domains, such as the development of national guidelines and standards, oil & gas, aerospace & defense, mining industry, and transportation & logistics.

Many government organizations across the globe started making huge investment in airborne LiDAR industry systems for defense and civil engineering applications so that the accuracy of operations increases and decreases all the risk factors involved. This is the most effective and efficient technology to collect surface data with high accuracy.

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Growing demand for miniaturized micro-electro-mechanical systems (MEMS) sensors is the major factor driving the market growth. Rising use of 3D imaging and UAVs in various industries has also propelled the growth of the market. Also, a drop in the price-level of drones and better performance of LiDAR over conventional sensors has also spurred the market demand.

But unskilled personals and high cost of the instrument may obstruct the growth of the market. However, growth prospects in GIS applications are too wide which are expected to drive the industry growth in coming years.

Key players operating in the global airborne LiDAR technology include Teledyne Technologies, Airborne Imaging, Saab Group, Faro Technologies, Inc., Leica Geosystems, RIEGL Laser Measurement Systems GmbH, Leica Geosystems, Leosphere SAS, Quanergy Systems, Inc., Raymetrics S.A. Flir Systems, Inc., Firmatek, Merrick & Company, and Lasermap Inc., 3D Laser Mapping Inc among others. To enhance their market position in the global autoimmune treatment market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint venture, collaborations, and partnership.

  • For instance, in October 2017, AT&S expanded its technical competence by investing around USD 46.8 Million to produce high-frequency PCBs for autonomous driving Platform s at the existing sites in India and Austria.
  • For instance, in February 2019, Blackmore, a US-based start-up that has developed a Doppler lidar system for guiding autonomous vehicles.

The systems segment held the largest market share of 63.10% in 2017

The solution segment is classified into system and services. The systems segment is dominating the Airborne LiDAR market in 2017. Owing to a high cost of laser sensor and control unit of LiDAR, the system segment is dominating the market.

Topographic LiDAR segment valued around USD 606.73 Million in 2017

Type segment is divided into segments such as topographic LiDAR and bathymetric LiDAR. The topographic LiDAR segment is dominating the market in 2017. Topographic LiDAR is basically used for applications, such as forestry, hydrology, geomorphology, urban planning, landscape ecology, coastal engineering, survey assessments, and volumetric calculations.