Airborne LiDAR Market report is a study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
Stratview Research has published a new research report on Airborne LiDAR Market . This extensive report by Stratview Research analyses the growth of Airborne LiDAR Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
- by Type (Topographic LiDAR, and Bathymetric LiDAR)
- by Solution Type (Systems, and Services)
- by End-User Industry Type (Aerospace & Defense, Civil Engineering, and Others)
- by Application Type (Corridor Mapping, Seismology, and Others)
- by Platform Type (Fixed-Winged Aircraft, Rotary-Winged Aircraft, and Others)
- and by Region (North America, Europe, Asia-Pacific, and RoW)
Attractive growth opportunity in the entire ecosystem of the market
The global airborne LiDAR market is projected to grow at an impressive CAGR of 16.3% during the period (2018-2023). This represents an attractive growth opportunity in the entire ecosystem of the market.
Increasing demand for 3D imaging, superior performance of LiDAR as compared to conventional sensors, rising demand for miniaturized micro-electro-mechanical systems (MEMS) sensors, increasing demand for automation of measuring instrument process, and an increased usage of LiDAR in the transportation and logistics activities are some of the major factors that are proliferating the growth of the airborne LiDAR market.
LiDAR (Light Detection and Ranging) is a remote sensing method that uses light in the form a pulsed laser to measure variable distances to the object located on the earth. The technology generates precise, three-dimensional information about the shape of an object and its characteristics in a cost-effective and opportune manner.
The technology offers a wide array of advantages over the conventional sensors including a precise 3D image.
Airborne LiDAR Market Segmentation: by Solution Type
Based on the solution type, the airborne LiDAR market is segmented into Systems and Services. The systems segment is segmented into Hardware and Software.
The hardware sub-segment is further segmented into the Laser, an Inertial Navigation System, Camera, GPS/GNSS Receivers, and Micro-Electro-Mechanical System (MEMS).
In overall, the systems segment dominates the market, owing to a high cost of laser sensor and control unit of LiDAR. In systems segment, hardware components are expected to remain dominant over the next five years, whereas software is likely to witness the highest growth during the same period, driven by an incorporation of artificial intelligence (AI) in airborne mapping applications.
Airborne LiDAR Market Segmentation: by End-Use Industry Type
based on the end-use industry type, the market is segmented into Aerospace & Defense, Civil Engineering, Forestry & Agriculture, Transportation & Logistics, Archaeology, Mining, and Others. Mining and Aerospace & Defense are likely to maintain their dominance in the Airborne LiDAR market during the forecast period, whereas Archaeology and Transportation & Logistics are likely to witness highest growth rates during the same period.
Airborne LiDAR Market Segmentation: by Type
The airborne LiDAR market is segmented based on the type as Topographic LiDAR and Bathymetric LiDAR. Topographic LiDAR is majorly used for applications, such as forestry, hydrology, geomorphology, urban planning, landscape ecology, coastal engineering, survey assessments, and volumetric calculations.
Bathymetric LiDAR system collects both elevation and water depth simultaneously, providing an airborne LiDAR survey of the land-water interface.
Airborne LiDAR Market Segmentation: by Platform Type
Airborne LiDAR market is also segmented based on the platform type as Fixed-Winged Aircraft, Rotary-Winged Aircraft, and UAV (Unmanned Aerial Vehicle). UAV is likely to remain the most attractive segment of the market in terms of both market dominance and growth over the next five years.
The key factors driving the demand for airborne LiDAR system in UAV are an organic growth of UAVs coupled with rising usage of LiDAR on it and market entry of various companies in the UAV market. Major LiDAR manufacturers are developing LiDAR for small UAVs/drones targeting key market requirements including but not limited to lightweight, durability, and low-cost LiDAR.
Airborne LiDAR Market Segmentation: by Region
Based on the regions, the airborne LiDAR market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to remain the largest airborne LiDAR market during the forecast period of 2018 to 2023.
The region is also likely to experience a healthy growth during the same period, owing to a higher usage of LiDAR in the UAVs. The USA is likely to remain the growth engine of the region’s market in the foreseeable future.
Europe is likely to remain the second largest market during the same period, driven by the presence of major players coupled with rising investment in the airborne LiDAR technology.
Asia-Pacific is another growth engine of the global airborne LiDAR market, driven by a rapid infrastructure development and an increasing demand for surveying and mapping services. The region’s growth is further augmented by an increasing development of UAVs in order to solidify their borders.
China, South Korea, and India are the growth engines of the region’s demand for airborne LiDAR in the coming years.
Airborne LiDAR Market: Competitive Landscapes and Key Players
The airborne LiDAR system is one of the highly competitive markets in the A&D industry. Major players have been developing innovative products targeting various areas including precise and secure systems, in order to remain competitive in the market and quickly gain the market share of other players.
Furthermore, both organic as well as inorganic growth strategies are being adopted by the major players to capture a large chunk of the market. The intensity of competition is likely to be further amplified owing to the market entry of small as well as big companies.
It is very important to keep developing new products targeting key industry requirements, offering competitive pricing, the formation of strategic alliances with key customers, and proximity of players to their customers to mutually develop products and address their emergent requirements to maintain the competitive edge in the market.
The supply chain of this market comprises component suppliers, LiDAR system assemblers, and OEMs. The key players in the airborne LiDAR market are Airborne Imaging, Saab AB, Teledyne Optech Incorporated., Leica Geosystems AG, Fugro, Velodyne LiDAR, and Merrick & Company.
Category: Market Research Publishers and RetailersCompany about: Stratview Research is a global market intelligence and strategic research firm offering wide range of services including syndicated market reports, custom research, and procurement intelligence across industries such as Advanced Materials, Composites, Aerospace and Defense, Automotive and Transportation, Construction and Equipment, Energy and Utility, Consumer Goods, Marine, and Oil and Gas.
For more information:Make an Inquiry about this report HERE!