Airborne LiDAR Market Size, Analysis, Share, Growth, Segmentation, Sales, Revenue, Emerging Technologies, Opportunities and Growth Forecast to 2023

Global Airborne LiDAR Market Report Information by Type (Topographic & Bathymetric), by Platform (Fixed Wing Aircraft, Rotary Wing Aircraft & Unmanned Aerial Vehicles), by Solution (System (Hardware & Software) & Services), & Region - Forecast Till 2023

Pune, India - August 6, 2019 /MarketersMedia/ —

Market Overview:

The airborne LiDAR systems provide explicit 3D imaging and scanning of the ground surface and are mounted on drones, helicopters and single and twin-engine planes. As per the report that has been published by Market research Future (MRFR), the global airborne LiDAR market is anticipated to expand remarkably at a robust CAGR of 19% during the forecast period of 2018-2023.

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Market Drivers and Restraints:

Advancement in 3D technology and increasing demand for detailed imaging techniques are majorly driving the global airborne LiDAR market. Airborne LiDAR provides precise terrain data during airborne mapping. Geospatial data acquisition through airborne LiDAR aid in measuring 3D structures in order to create a 3D image of the ground surface. These vital features are inducing high demand for airborne LiDAR in various industries.

The growing demand for airborne LiDAR owing to its widespread application in various sectors such as military & defense, civil engineering, geographical surveys, corridor mapping, and others is propelling the expansion of the global airborne LiDAR market. Increasing use of airborne LiDAR in geological surveys to get in-depth knowledge of the topography and bathymetry of the surface is acting as one of the drivers of the global airborne LiDAR market.

Rapid development in 3D technology and increasing investments in order to widen the application area of this technology are also projecting to impact positively on the growth of the global airborne LiDAR market. The reduction of human interference and improvement in efficiency of airborne LiDAR through automation are some other factors that are also fueling the expansion of the global airborne LiDAR market.

However, complexity related to the design and high installation and maintenance cost are likely to hamper the growth of the global airborne LiDAR market during the forecast period.

Market Segmentation:

The global airborne LiDAR market has been segmented into type, platform and solution. Based on type, the airborne LiDAR market is segmented into topographic LiDAR and bathymetric LiDAR. Based on platform, the airborne LiDAR market is segmented into fixed wing aircraft, rotary wing aircraft and unmanned aerial vehicles (UAV).

Based on solution, the airborne LiDAR market is segmented into systems and services. The systems segment is sub-segmented into hardware and software. The hardware sub-segment includes lasers, scanners, interface devices, ranging devices, inertial measurement systems, GPS/position systems. The services segment is sub-segmented into oil and gas, mining, defense and aerospace, infrastructure, forestry and agriculture, transportation and logistics, and others.

Regional Analysis:

The global airborne LiDAR market is segmented into five major regions such as North America, South America, Europe, Asia Pacific, and the Middle East and Africa. The North America region is anticipated to account for the largest share in the global airborne LiDAR market owing to the rising number of LiDAR service providers and increasing use of airborne LiDAR for mapping and surveying by various sectors in this region.

The airborne LiDAR market in Europe is majorly driven by increasing application of LiDAR in various military, civil infrastructural and government projects. The Asia Pacific region is projecting significant growth in the global airborne LiDAR market owing to the high demand for advanced technology to carry out surveys, imaging and mapping of the ground surface in various industrial sectors.

Competitive Analysis:

The players in the global airborne LiDAR market are focusing on expansion of their businesses by introducing advanced and upgraded devices in the global market. The strategic mergers and acquisitions are aiding the players in sustaining in the highly competitive environment of the global airborne LiDAR market.

In August 2018, FURGO has announced that it has signed a contract to conduct marine LiDAR bathymetry survey for the Office of Environment and Heritage (OEH), on behalf of New South Wales Government, Australia. This survey will be conducted by using airborne LiDAR systems.
The prominent players in the global airborne LiDAR market are Saab AB (Sweden), Teledyne Technologies (U.S.), Leica Geosystems (Switzerland), FLIR Systems (U.S.), Faro Technologies Inc. (U.S.), Quanergy Systems, Inc. (U.S.), Leosphere SAS (France), 3D Laser Mapping (England), Firmatek (U.S.), RIEGL Laser Measurement Systems GmbH (Northeast Africa), and Raymetrics S.A. (Greece).

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