Global Airborne LiDAR (Light Detection and Ranging) Market
Posted by Ganesh Mane on February 4th, 2021
Global Airborne LiDAR Market was valued US$ 375Mn in 2019 and is expected to reach US$ 1245Mn by 2027 at a CAGR of 16.18% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The global airborne LiDAR Market is driven by factors like rising adoption of LiDAR across defense, agriculture, logistics and many more. The increasing use of UAVs is one of the major factors driving the market growth. Also, ongoing R&D activities to develop airborne LiDAR system with more accurate shoreline maps with digital elevation is likely to push the market growth in following years. However, lack of awareness between potential end-users is likely to restrain market growth.
From end users segment, the transportation & logistics segment is expectedto be the fastest-growing segment. Highway and railway authorities usage aerial mapping services provided by different service providers in the airborne laser scanning market. The rise in transportation and logistics activities is fueling the growth of the airborne LiDAR service end users market.
Asia Pacific is estimated to be the fastest growing market for airborne LiDAR during forecast period. The growth of this market can be attributed to the increase in surveying and mapping operations because of the rising infrastructural development, increased focus on agricultural management, and rise in mining activities in the region. China, India, and Japan are the key players of airborne LiDAR markets in this region. China is the largest airborne LiDAR market in Asia Pacific, because of the rise in surveying and mapping activities in the country. In India, the commercial and government sectors are landing airborne LiDAR for mapping applications, which is fueling the demand for airborne LiDAR in the country.
North America is expected to account major share of the airborne LiDAR market during forecast period. The major primary countries in this region for airborne LiDAR market are the U.S. and Canada. The collective use of LiDAR systems in mapping and surveying applications, along with a rising base of LiDAR service providers are driving the growth of the airborne LiDAR market in the U.S. The major application areas of LiDAR sensors in the U.S. include industrial survey, military mapping, forest management, and oceanographic surveys. In Canada, airborne LiDAR sensors are used in infrastructural improvement purposes.
Complete analysis of market dynamics including factors and opportunities will be provided in the report.Acomprehensive regional analysis of Global Airborne LiDAR Market has been included in the report. Profile of the key players in the Global Airborne LiDAR Market provided, which include key financials, product & services, new developments and business strategies.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, power rate, application and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Airborne LiDARmarket. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Scope of Global Airborne LiDAR Market
Global Airborne LiDAR Market, By Component
• Corridor Mapping
• Aerospace & Defense
• North America
• Teledyne Technologies
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About the AuthorGanesh Mane
Joined: January 27th, 2021
Articles Posted: 125
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