CHICAGO, August-08, 2019 /Aerospace/ --
Market NEWS: Airborne LiDAR Market is expected to grow from an estimated $1,140.1 Million in 2017 to $2,533.7 Million by 2022, registering a CAGR of 17.32% from 2017 to 2022.
The report "Airborne LiDAR Market by Solution (System & Services), Type (Topographic & Bathymetric (System & Services)), Platform (Fixed Wing Aircraft, Rotary Wing Aircraft & UAVs) and Region - Global Forecast to 2022", published by MarketsandMarkets™
Browse 74 Market Data Tables and 27 Figures spread through 115 Pages and in-depth TOC on "Airborne LiDAR Market"
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The global market is witnessing a significant growth due to the increasing use of unmanned aerial vehicles in various applications and increasing adoption of LiDAR in engineering and construction applications.
Fixed Wing Aircraft - the largest Airborne LiDAR market by platform
On the basis of platform, the airborne LiDAR market has been segmented into fixed wing, rotary wing, and Unmanned Aerial Vehicles (UAVs). The fixed wing segment includes fixed wing general aviation aircraft. In the general aviation industry, many light aircraft are designed and built by amateur hobbyists and enthusiasts. The ones manufactured by OEMs are mostly used commercially to survey, photograph, film, and for freight transport, passengers, and sightseeing, as well as personal use. The significant growth in general aviation worldwide and increasing preference for cost-effective air travel for surveys and recreational activities are the primary factors expected to support the growth of the light aircraft market during the forecast period.
Topographic LiDAR is expected to be the largest segment for the airborne LiDAR market, by type
The airborne LiDAR market has been segmented on the basis of type into topographic LiDAR and bathymetric LiDAR. The most common form of airborne LiDAR system is the topographic airborne LiDAR, which operates on the time of flight principle by sending a high intensity laser pulse in a narrow beam towards the object, and measuring the time taken by the pulse to be reflected off the target and returned to the sender. The growth of the topographic LiDAR segment can be attributed to the rise in demand for enhanced situational awareness, and survey activities such as seismology, cartography, and meteorology, among others.
North America: The largest market for airborne LiDAR
North America is estimated to account for the largest share of the airborne LiDAR market. Countries considered for the market analysis in this region are the US and Canada. The US is the leading market for Airborne LiDAR in North America. The increasing use of LiDAR systems in mapping and surveying applications and an increasing base of LiDAR services providers are driving the growth of the airborne LiDAR market in the US. 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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To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of a few leading players in the Airborne LiDAR market, namely, Saab (Sweden), Teledyne Technologies (US), Leica Geosystems (Switzerland), and FLIR Systems (US), among others. Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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