The global airborne LiDAR market reached a value of US$ 612.5 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,412.32 Million by 2027, exhibiting a CAGR of 14.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Airborne light detection and ranging (LiDAR) refers to an aerial mapping technology that helps obtain three-dimensional (3D) data about the surface of the earth. It assists in mapping large areas affordably in a short time with precise measurement. As a result, it finds extensive applications in vehicles, electrical utility, pipeline, mining and aggregate, wind and solar power systems, precision farming, urban planning, rail corridors, land and resource management, 3D modeling, floodplain evaluation, and volumetrics around the world.
Airborne LiDAR Market Trends:
The growing utilization of airborne LiDAR in forest management and planning represents one of the key factors driving the market. Moreover, there is a rise in collecting higher point densities by flying lower and slower to collect multiple data. This, along with the increasing employment of airborne LiDAR for topographic surveys, is propelling the growth of the market. In addition, governments of several countries are extensively investing in airborne LiDAR to increase the accuracy of operations and decrease the risks involved in the defense industry. This, coupled with the rising application of airborne LiDAR in flood, urban, and pollution modeling, is positively influencing the market. Besides this, the increasing usage of 3D imaging and unmanned aerial vehicle (UAV) in railway and highway construction across the globe is offering lucrative growth opportunities to investors. Additionally, the escalating demand for miniaturized micro-electro-mechanical systems (MEMS) sensors in inkjet printers, mobile phones, and computer disk drive heads is contributing to the growth of the market. Furthermore, key market players are focusing on portfolio expansion, mergers and acquisitions (M&A), agreements, geographical development, and collaborations to expand their existing market share and increase overall profitability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global airborne LiDAR market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, component, platform, application and end user.
Breakup by Type:
Airborne Topographic LiDAR
Airborne Bathymetric LiDAR
Breakup by Component:
Inertial Navigation Systems
GPS and GNSS Receivers
Breakup by Platform:
Fixed Wing Aircraft
Rotary Wing Aircraft
Breakup by Application:
Exploration and Detection
Breakup by End User:
Aerospace and Defense
Forestry and Agriculture
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being AAM a Woolpert company, Airborne Imaging Inc, Firmatek, Fugro, Leica Geosystems AG (Hexagon AB), Merrick & Company, Phoenix LiDAR Systems, RIEGL Laser Measurement Systems GmbH, Surveying And Mapping LLC, Teledyne Technologies Incorporated, Trimble Inc., Velodyne Lidar Inc. and YellowScan.
Key questions answered in this report:
How has the global airborne LiDAR market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global airborne LiDAR market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the platform?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global airborne LiDAR market and who are the key players?
What is the degree of competition in the industry?