The airborne LiDAR market is cementing its foothold further owing to the traction generated by defense sectors across the globe. It is a sensor system that emits laser light to gather information from the ground. It has excellent acceptance for helicopters, drones, and others. 3D laser profiling and scanning are its forte using which the LiDAR technology is widely getting used in generating Digital Elevation Model (DEM), Digital Terrain Model (DTM), and Digital Surface Model (DSM). The global LiDAR market is expecting an exponential growth rate of 19% during the forecast period (2018-2023), declares Market Research Future (MRFR). According to the report published by MRFR, its ability to cost-effectively map the topography and acquire geospatial data can be considered chief market influencer. Apart from the aerospace & defense sector, it is also getting popular with oil & gas, mining industry, and transportation & logistics which can be a great boon for the global LiDAR market.
However, the product does not come cheap and can hold back the expected growth rate of the airborne LiDAR market growth during the forecast period.
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The global airborne LiDAR market can be segmented by type, platform, and solution.
Based on type, the airborne LiDAR market can be segmented into topographic LiDAR and bathymetric LiDAR. Topographic LiDAR is the most common one which uses narrow beams to measure objects and distance.
By platform, the airborne LiDAR market can be segmented into rotary wing, fixed wing, and unmanned aerial vehicles.
Based on solution, the airborne LiDAR market can be segmented into systems and services. Systems can be further segmented into hardware and software. Hardware segment includes lasers, scanners, interface devices, ranging devices, inertial measurement systems, and GPS/ position system. Services comprise oil & gas, mining, defense & aerospace, infrastructure, forestry & agriculture, and transportation & logistics.
Geographical analysis of the airborne LiDAR market includes North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America.
North America is reaping the benefits of technological superiority and generating the maximum revenue. The region is having a great time as the U.S. is investing significantly in integrating the latest LiDAR system in their defense and other sectors. Canada mostly uses technology to improve infrastructurally. The U.S. government has acquisition plans for a lot of unmanned aerial systems in their cards which can ensure significant market traction.
The APAC region and Europe are also involving the technology to avert various crises such as migrant issues, cross-border tension, and others. China is one country that is fast emerging as a global powerhouse. Their expenditure in the field is quite substantial.
Significant players in the airborne LiDAR market are Saab AB (Sweden), Teledyne Technologies (U.S.), Leica Geosystems (Switzerland), FLIR Systems (U.S.), Faro Technologies Inc. (U.S.), Leosphere SAS (France), 3D Laser Mapping (England), Firmatek (U.S.), RIEGL Laser Measurement Systems GmbH (Northeast Africa), Quanergy Systems, Inc. (U.S.), Raymetrics S.A. (Greece), and others. Mergers, acquisitions, joint ventures, product launches are strategies that the major companies employ in a bid to stay afloat. But these tactics help the market as well in its expansion plans.
FLIR Systems, in 2018, completes their acquisition of Acyclica, a software company that provides cloud-based analytics.
3D Laser Mapping, in July 2018, announced their decision to merge with GeoSLAM to expand their market on a global scale. This merger can boost the research & development efforts invested in the 3D scanning technology.
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