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.

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The report segments the airborne LiDAR market on the basis of solutions into system component and industry services. The system component segment covers hardware such as lasers, scanners, interface devices, among others, and software, while the industry services segment includes services provided for end-user industries such as defense & aerospace, transportation & logistics, and oil & gas, among others. The market is also segmented on the basis of type and platform. The type segment covers topographic LiDAR and bathymetric LiDAR while the platform segment covers fixed-wing aircraft, rotary wing aircraft, and UAVs.

Among service end users, the transportation & logistics segment is expected to be the fastest-growing segment. Highway and railway authorities use aerial mapping services provided by different service providers in the airborne LiDAR market. The increase in transportation and logistics activities is fueling the growth of the airborne LiDAR service end users market.

LiDAR is a modern and trusted technique employed globally to obtain fast and accurate terrain imagery and models. LiDAR models and imagery are used in a variety of applications across a wide range of industries, including, but not limited to, agriculture, forestry, mining, aerospace & defense, construction, and infrastructure development. Owing to modern technologies and global acceptance, a number of optical and electro-optical/infrared/equipment/services manufacturing companies include airborne LiDAR as a part of their product portfolios. The demand for terrain mapping and imagery across industries has also led to the mushrooming of the demand based LiDAR service industry. However, the lack of awareness among end users is restraining the market growth and technological constraints pose a challenge in the use of LiDAR. However, immense opportunities in GIS applications will positively impact the market growth.

Leading players in the airborne LiDAR 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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