The latest research study “Airborne LiDAR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
Airborne light detection and ranging (LiDAR) represents an aerial mapping technology that aids in obtaining three-dimensional (3D) data about the surface of the earth. In line with this, it helps in mapping large areas affordably in a short time with precise measurement. Consequently, airborne LiDAR finds wide-ranging applications in electrical utility, vehicles, pipeline, mining and aggregate, wind and solar power systems, precision farming, urban planning, rail corridors, land and resource management, floodplain evaluation, volumetrics, 3D modeling, etc., across the countries.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends and Drivers:
The widespread adoption of this technology in forest management, pollution model and planning is primarily driving the airborne LiDAR market. Additionally, the growing utilization of unmanned aerial vehicles (UAVs) and 3D imaging in railway and highway construction is further catalyzing the market growth. Besides this, government bodies are extensively investing in airborne LiDAR to enhance the accuracy of operations and decrease the risks involved in the defense industry, which is acting as another significant growth-inducing factor. Moreover, the leading manufacturers are focusing on mergers and acquisitions (M&A), agreements, portfolio expansion, geographical development, and collaborations to increase their overall profitability. This, in turn, is positively influencing the global market. Furthermore, the escalating demand for miniaturized micro-electro-mechanical systems (MEMS) sensors in mobile phones, inkjet printers, computer disk drive heads, etc., is anticipated to fuel the airborne LiDAR market over the forecasted period.
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Airborne LiDAR Market Report Scope
Market size value in 2021
US$ 612.5 Million
Market forecast in 2027
US$ 1,412.32 Million
CAGR of 14.30% from 2022 to 2027
Base year for estimation
Global Airborne LiDAR Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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.
Key Market Segmentation:
The report has segmented the market on the basis of region, type, component, platform, application and end user.
Breakup by Type:
- Airborne Topographic LiDAR
- Airborne Bathymetric LiDAR
Breakup by Component:
- Lasers Scanners
- Inertial Navigation Systems
- GPS and GNSS Receivers
- Micro-Electromechanical Systems
Breakup by Platform:
- Fixed Wing Aircraft
- Rotary Wing Aircraft
Breakup by Application:
- Corridor Mapping
- Exploration and Detection
Breakup by End User:
- Aerospace and Defense
- Civil Engineering
- Forestry and Agriculture
- Mining Industry
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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