Global Airborne LiDAR Market Overview:
Airborne LiDAR refers to the technology used for scanning of the landscape through a laser scanner equipped in any aircraft or UAVs for different applications. The global airborne LiDAR market is expected to grow at a significant pace during the forecast period according to the AMA study. This is owing to increasing demand for geo exploration surveying activities and remote reconnaissance, increasing demand for 3D imaging or different applications such as construction and infrastructure, corridor mapping, and military and defense applications. Moreover, the growing demand for airborne LiDAR systems across the transportation industry is another major factor aiding the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Adoption of UAVs Propelled by Rising Defense Expenditure
Market Growth Drivers:
Increasing Demand for Geo Exploration Activities and Remote Reconnaissance Propelling the Demand for Airborne LiDARs Globally, Growing Demand for 3D Imaging for Different Applications such as Construction Industry, Geographical Surveys, Corridor Mapping, and Military and Defense and Rising Transportation & Activities Across the World
Challenges:
Technical Challenges in Terms of Real-Time Data Acquisition, Processing, and Quality Control
Opportunities:
Growing Urban & Rural Construction Across Emerging Economies Such as Countries in Asia Pacific Region Will Create Huge Opportunities During the Forecast Period
Competitive Landscape:
The vendors in the global airborne lidar market are focusing on developing new & innovative products with new technologies to cater to market demands in order to remain competitive in the market. For instance, in September 2019, Teledyne Optech (a Teledyne Technologies Company) announced the launch of its new CL-360 compact, long-range, survey-grade lidar sensor for UAV and mobile applications.
Some of the key players profiled in the report are Teledyne Technologies (United States), Saab AB (Sweden), Airborne Imaging (United States), Leica Geosystems AG (Switzerland), Faro Technologies, Inc. (United States), Flir Systems, Inc. (United States), RIEGL Laser Measurement Systems GmbH (Germany), Velodyne Lidar, Inc. (United States), SICK USA (United States), Trimble, Inc. (United States), Topcon (Japan) and Airborne LiDAR Mapping A/S (Denmark). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Airborne LiDAR market by 2028. Considering Market by Platform, the sub-segment i.e. Fixed Wing will boost the Airborne LiDAR market. Considering Market by Industry Verticals, the sub-segment i.e. Aerospace & Defense will boost the Airborne LiDAR market. Considering Market by End Use, the sub-segment i.e. Commercial will boost the Airborne LiDAR market. Considering Market by Component, the sub-segment i.e. Hardware {Lasers and Scanners, Interface Devices, GPS Systems, Ranging Devices, Sensors, Others} will boost the Airborne LiDAR market.
Latest Market Insights:
In September 2018, Faro Technologies and Stormbee (a mobile UAV technology company) announced a partnership to develop integrated and cost-effective airborne 3D scanning solutions including FARO's Focus laser scanner and Stormbee's series UAV and BEEFLEX software suite.
In January 2019, FARO and STORMBEE introduced a new UAV-based LiDAR scanning system through their strategic partnership which includes the Stormbee's S series UAV and Beeflex software suite.
Analyst View
The global market for airborne LiDAR is growing at a healthy pace owing to generating demand from different end use industries such as oil and gas, military and defence, construction and infrastructure, mining, and transportation and logistics. The vendors in this market are focusing to capture contracts from the end use customers to provide better services in order to remain competitive in the market. For instance, in October 2018, Airborne Imaging was awarded LiDAR acquisition projects by three Canadian Conservation Authorities wherein the requirement is for data acquisition of more than 100 square kilometres and includes the USGS LiDAR Base Specifications (QL0) and Canadian Federal Airborne LiDAR Data Acquisition Guildelines
What Can be Explored with the Airborne LiDAR Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Airborne LiDAR Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Airborne LiDAR
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Airborne LiDAR market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Airborne LiDAR market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.