Airborne LiDAR Market
An airborne LiDAR is an instrument that aids in the acquisition of accurate and impenetrable topographic data at a high speed. It is mounted on helicopters, drones, aircrafts, and other airborne vehicles. The LiDAR emits rapid pulses at up to 150,000 pulses per second at the ground surface. A sensor then detects the amount of time taken for each pulse to be bounced back from the ground surface. This helps LiDAR systems to provide a 3D laser profiling and scanning. The LiDAR technique has also been used to generate Digital Elevation Model (DEM), Digital Terrain Model (DTM), as well as, Digital Surface Model (DSM).
According to the report published by Market Research Future, the airborne LiDAR market is anticipated to record a 16% CAGR during the assessment period. Such growth can be attributed to various factors such as cost-effective delivery of highly precise terrain data, high reliability and growing demand for 3D imaging in various application areas. Furthermore, rising demand for LiDAR systems in various application sectors such as development of national guidelines and standards, oil & gas, aerospace & defense, mining industry, and transportation & logistics is further contributing to major airborne LiDAR market growth.
Airborne LiDAR Market Segmental Analysis
airborne LiDAR market has been segmented on the basis of type, platform, solution, and region. Based on type, the airborne LiDAR market has been bifurcated into topographic LiDAR and bathymetric LiDAR. The segment of topographic LiDAR is estimated to garner major market growth during the forecast timeline. Such growth can be attributed to the rise in demand for enhanced situational awareness and survey activities, such as seismology, cartography, and meteorology. Based on platform the market has been segmented into fixed winged aircraft (FWA), rotatory winged aircraft (RWA), and unmanned aerial vehicle (UAV).
By solution, the airborne LiDAR market has been segmented into systems and services. The segment of systems is further segmented into hardware and software. The subsegment of hardware is further segmented into lasers, scanners, interface devices, ranging devices, inertial measurement systems, and GPS\ position systems. The systems segment is deemed to dominate the market due to the high cost of laser sensor and control unit of LiDAR. The hardware subsegment is projected to dominate the airborne LiDAR market for the next five years. Whereas, the software segment is expected to project highest growth during the forecast period due to prompted penetration of artificial intelligence (AI) in various airborne mapping applications.
The segment of services has been further segmented into oil & gas, mining, defense & aerospace, infrastructure, forestry & agriculture, and transportation & logistics. The segments of mining and defense & aerospace are estimated to maintain dominance over the airborne LiDAR market during the review period. The segments of transportation & logistics are expected to garner highest market growth between 2018 and 2023.
Airborne LiDAR Market Regional Analysis
The airborne LiDAR market has been regionally segmented into North America, Asia Pacific (APAC), South America, Europe, and the Middle East & Africa. North America is anticipated to account for the largest share in airborne LiDAR market during forecast period. Leading countries in North America for airborne LiDAR are the U.S. and Canada. Factors driving growth in North America include a collective use of LiDAR systems in mapping and surveying applications and a rising base of LiDAR service providers in the region.
Airborne LiDAR Market Key Players
The key players in the airborne LiDAR market include Saab AB (Sweden), Teledyne Technologies (U.S.), Leica Geosystems (Switzerland), FLIR Systems (U.S.), Faro Technologies Inc. (U.S.), Leosphere SAS (France), 3D Laser Mapping (England), Firmatek (U.S.), RIEGL Laser Measurement Systems GmbH (Northeast Africa), Quanergy Systems, Inc. (U.S.), and Raymetrics S.A. (Greece).
Airborne LiDAR Market Industry Update
February 2018: BoE Systems integrated cutting edge hardware and software in order to provide highly accurate geospatial data collection solutions. These drone-based aerial LiDAR systems aid in the creation of 3D models, also known as point clouds, which are ideal for multiple industry uses. These point clouds hold critical data points such as geodetic locations, slope identification, point-to-point measurements, and volumertics.
Global Airborne LiDAR Market Report Information by Type (Topographic & Bathymetric), by Platform (Fixed Wing Aircraft, Rotary Wing Aircraft & Unmanned Aerial Vehicles), by Solution (System (Hardware & Software) & Services), & Region - Forecast Till 2023 @ https://www.marketresearchfuture.com/reports/airborne-lidar-market-6016