Country-Wise breakdown & Analysis of the Airborne LiDAR market – Global forecast to 2022


Posted May 27, 2019 by Abbyhall

The global airborne LiDAR market was valued at USD 971.8 million in 2016, and is expected to reach USD 2,533.7 million by 2022 at a CAGR of 17.32% from 2017 to 2022

 
The global Airborne LiDAR Market is projected to grow at a CAGR of 17.32% from 2017 to 2022, to reach a market size of USD 2,533.7 million by 2022 from an estimated USD 1,140.1 million in 2017. This growth is attributed 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 laser scanning 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.
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Topographic LiDAR is expected to be the largest segment for the airborne laser scanning 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 laser scanning 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 laser scanning 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.
Leading players in the airborne laser scanning market include Saab (Sweden), Teledyne Technologies (US), Leica Geosystems (Switzerland), and FLIR Systems (US), among others. Contracts & agreements was the strategy most commonly adopted by the top players, constituting more than one third of the total developments from 2014 to 2017. It was followed by new product developments, expansions, and mergers & acquisitions.
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Categories Aerospace , Defense
Tags airborne lidar , airborne lidar manufacturers , airborne lidar market , sensor and radar
Last Updated May 27, 2019