Global Airborne LiDAR Market Report, published by Accurize Market Research, forecast that the global airborne LiDAR Market size is expected to reach $6,275 Million by 2025. In this report, the global airborne LiDAR market forecast says that the market is expected to witness a CAGR of 22% from 2017 to 2025. One of the biggest opportunities in the aerospace sector is the development of electric aircraft. It is due to finite oil stocks, rising fuel costs, and environmental concerns. New or upcoming technologies are required to meet future emissions.
By geography, the market is bifurcated into North America, Europe, Asia Pacific, Rest of the World (RoW). Europe is expected to experience the fastest CAGR during the forecast period. Electricity can be provided by many methods with batteries, ultracapacitors/supercapacitors/EDLCs, fuel cells, solar cells, and ground power cables as well as power beaming as an electric aircraft is powered by electric motors.
Airborne LiDAR Market (By Platform: Fixed Wing Aircraft, Rotary Wing Aircraft, and UAVs; By Solution: System Component, and Industry Services; By Type: Airborne Topographic LiDAR, and Airborne Bathymetric LiDAR; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025.
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The market is driven by an increasing base of LiDAR services providers and the increasing use of LiDAR systems in mapping and surveying applications. The primary application areas of LiDAR sensors in the U.S. comprise military mapping, forest management, industrial survey, and oceanographic surveys.
market segmentation
The airborne LiDAR market segmentation includes solution, platform, type, and geography. The solution segment is classified into system component (hardware and software), industry services (defense & aerospace, forestry & agriculture, oil & gas, transportation & logistics, infrastructure, mining industry, and others). By platform, the bifurcation is given as fixed-wing aircraft (system, and services), rotary-wing aircraft (system, and services), and UAVs (system, and services). Moreover,
the type segment is categorized into airborne topographic LiDAR (system, and services), and airborne bathymetric LiDAR (system, and services).
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Though, lack of skilled personals and high cost of the instrument are hindrances of the airborne LiDAR market growth. Moreover, enormous prospects in GIS applications would provide new business opportunities for the market in the near future. Rising demand for 3D imaging, rising use of UAVs in numerous applications, and reduction in the price of drones are the global airborne LiDAR market trend.
On the basis of geography, global airborne LiDAR market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW) North America is further split among U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, France, Italy, and Rest of Europe. AsiaPacific is segmented into China, India, South Korea, Japan and the Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
Top players in the market
The key players operating in the market are Saab ABFaro Technologies Inc., Leosphere SAS, FLIR Systems, Inc., 3D Laser Mapping Inc., Teledyne Technologies Incorporated, Firmatek LLC, Leica Geosystems AG, Quanergy Systems, Inc., and Raymetrics S.A., among others.
