The Airborne LiDAR market is projected to grow from an estimated USD 1,140.1 million in 2017 to reach USD 2,533.7 million by 2022, at a CAGR of 17.32% from 2017 to 2022.
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North America is currently the largest market for airborne LiDAR, followed by Europe and Asia Pacific. The growth in North America is primarily driven by the US and Canada.
The major application areas of LiDAR sensors in the US include industrial survey, military mapping, forest management, and oceanographic surveys. In Canada, airborne LiDAR sensors are majorly used in infrastructural development activities.
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Both, the US and Canada are technologically superior countries, with a huge potential to invest in LiDAR-based sensors and equipment, which, in turn, will drive the airborne LiDAR market in the North American region.
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The system component segment is expected to constitute the largest market of the airborne LiDAR market, by solutions, from 2017 to 2022. The system component segment covers both hardware and software.
Hardware include lasers, scanners, and interface devices, inertial measurement systems, and GPS/position systems, among others. The increase in survey and terrain mapping applications across the globe is driving the market for airborne LiDAR system components.
Most of the offshore oil wells use bathymetric LiDAR to identify the damage caused by ocean waves, and to map underwater surface assets, such as pipelines, and concrete pillars. This sector is also increasingly using LiDAR technologies to assist in the establishment of smart transportation of petroleum products.
The focus on production optimization in the oil & gas industry will positively impact the market for airborne LiDAR in this sector.
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Target Audience Include Airborne LiDAR Market Report:
- Airborne LiDAR Manufacturers
- Advanced Optical Material Manufacturers
- System Integrators
- Potential Investors (Venture Capitalists)
- Research Institutes and Organizations
- Sensor and Radar Manufacturers
- Military Service Providers
- Regulatory Bodies
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Top 12 Companies Analyzed for Airborne LiDAR Market are – Saab, Teledyne Technologies, Leica Geosystems, Flir Systems, Fugro, Velodyne LiDAR, IGI, Airborne Imaging, Dibotics, Merrick & Company, Topographic Imaging, Xactsense.
Fundamental Key Point from Table of Content:
Airborne LiDAR Market, By Solution
Inertial Measurement Systems
By Oil & Gas
By Defense & Aerospace
By Forestry & Agriculture
By Transportation & Logistics
Airborne LiDAR Market, By Type
Topographic LiDAR, By Solution
Bathymetric LiDAR Aircraft By Solution
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Airborne LiDAR Market, By Platform
Fixed Wing Aircraft
Fixed Wing Aircraft By Solution
Rotary Wing Aircraft
Rotary Wing Aircraft By Solution
Unmanned Aerial Vehicle (UAV)
Unmanned Aerial Vehicle By Solution
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