Airborne LiDAR Market is willing to reach USD 2,533.7 Million by 2022
Airborne LiDAR Market Size and Growth Rate:
Airborne LiDAR Market was going to reach USD 2,533.7 Million by 2022 and expected to grow at a CAGR of 17.32% during the forecast period 2017 to 2022.
Airborne LiDAR is an efficient technology for acquiring surface data with great precision. LiDAR systems can quickly collect 3D data from long linear objects, such as roads, railways, waterways, coastal areas and power lines. They have a narrower band than optical sensors and are more efficient at capturing information.
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Airborne LiDAR Market Growth Drivers and Restraints:
The main factor driving the global LiDAR market in the air is the increasing demand for these tools from different vertical sectors of the industry. For example, airborne LiDAR systems are widely used in cellular network planning, forest management and planning, pollution modeling, flood modeling and urban modeling. In addition, government organizations are investing heavily in airborne LiDAR applications for civil engineering applications and military and defense applications, to reduce risk factors and increase the accuracy of procedures. Furthermore, the LiDAR air market has experienced significant growth in infrastructure projects. All of these factors are expected to stimulate growth in the global LiDAR market over the forecast period.
However, airborne LiDAR is not effective in low clouds or heavy rainfall. In addition, the very large database is difficult to interpret using LiDAR in the air. It is likely that all these factors will hinder the growth of the global airborne LiDAR market.
It is expected that the use of LiDAR in the air in all these projects and several government investments in various industries will increase the market opportunities for LiDAR in the air.
Depending on the application, the market may be segmented into exploration and detection, corridor mapping, seismology, etc. In addition, the end-use sector can be classified in the areas of aerospace and defense, civil engineering, forestry and agriculture, transport, archeology, metallurgy and mining, etc.
Geographical Analysis of Airborne LiDAR Market:
Depending on the geography, the global LiDAR market in the air can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. Of all regions, North America is expected to dominate the worldwide market, which accounted for the largest share of the market in 2018. This is mainly due to the increased use of LiDAR in unmanned aerial vehicles in the different areas of North America.
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Key Players of Airborne LiDAR Market:
Teledyne Technologies Incorporated, Firmatek, Saab AB, MERRICK & COMPANY, Airborne Imaging, RIEGL Laser Measurement Systems GmbH, Leica Geosystems AG, FLIR® Systems, Inc. and FARO Technologies, Inc. are some of the leading players in the world airborne LiDAR market.
Airborne LiDAR Market Key Segmentation:
By Type:
- Topographic LiDAR
- Bathymetric LiDAR
By Solution:
- System
- Services
By Platform:
- Fixed Wing Aircraft
- Rotary Wing Aircraft
- Unmanned Aerial Vehicle
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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