Airborne LiDAR Market to Grow at 16.3% CAGR During 2018 – 2023

Stratview Research announces the launch of a new research report on Airborne LiDAR Market. This extensive report from Stratview Research, studies the Airborne LiDAR market over the trend period 2012 to 2017 and forecast period 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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This Airborne LiDAR Market analysis has been segmented in Six ways, keeping in mind the interest of all the stakeholders across the value chain.

● by Type (Topographic LiDAR, and Bathymetric LiDAR) – Topographic LiDAR is majorly used for applications.
● by Solution Type (Systems, and Services) – Systems segment dominates the market.
● by End-User Industry Type (Aerospace & Defense, Civil Engineering, and Others) – Mining and Aerospace & Defense will remain the dominant in the market.
● by Application Type (Corridor Mapping, Seismology, and Others)
● by Platform Type (Fixed-Winged Aircraft, Rotary-Winged Aircraft, and Others) – UAV will remain the most attractive segment of the market.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

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Airborne LiDAR Market Insights

The airborne LiDAR market is projected to grow at an impressive CAGR of 16.3% during the period (2018-2023). This represents an attractive growth opportunity in the entire ecosystem of the market. Increasing demand for 3D imaging, superior performance of LiDAR as compared to conventional sensors, rising demand for miniaturized micro-electro-mechanical systems (MEMS) sensors, increasing demand for automation of measuring instrument process, and an increased usage of LiDAR in the transportation and logistics activities are some of the major factors that are proliferating the growth of the airborne LiDAR market.

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LiDAR (Light Detection and Ranging) is a remote sensing method that uses light in the form a pulsed laser to measure variable distances to the object located on the earth. The technology generates precise, three-dimensional information about the shape of an object and its characteristics in a cost-effective and opportune manner. The technology offers a wide array of advantages over the conventional sensors including a precise 3D image.
Airborne LiDAR Market Segmentation: by Solution Type

Based on the solution type, the airborne LiDAR market is segmented into Systems and Services. The systems segment is segmented into Hardware and Software. The hardware sub-segment is further segmented into the Laser, an Inertial Navigation System, Camera, GPS/GNSS Receivers, and Micro-Electro-Mechanical System (MEMS).

In overall, the systems segment dominates the market, owing to a high cost of laser sensor and control unit of LiDAR. In systems segment, hardware components are expected to remain dominant over the next five years, whereas software is likely to witness the highest growth during the same period, driven by an incorporation of artificial intelligence (AI) in airborne mapping applications.

Airborne LiDAR Market Segmentation: by End-Use Industry Type
based on the end-use industry type, the market is segmented into Aerospace & Defense, Civil Engineering, Forestry & Agriculture, Transportation & Logistics, Archaeology, Mining, and Others. Mining and Aerospace & Defense are likely to maintain their dominance in the Airborne LiDAR market during the forecast period, whereas Archaeology and Transportation & Logistics are likely to witness highest growth rates during the same period.

Airborne LiDAR Market Segmentation: by Type
The airborne LiDAR market is segmented based on the type as Topographic LiDAR and Bathymetric LiDAR. Topographic LiDAR is majorly used for applications, such as forestry, hydrology, geomorphology, urban planning, landscape ecology, coastal engineering, survey assessments, and volumetric calculations. Bathymetric LiDAR system collects both elevation and water depth simultaneously, providing an airborne LiDAR survey of the land-water interface.

Airborne LiDAR Market Segmentation: by Platform Type
Airborne LiDAR market is also segmented based on the platform type as Fixed-Winged Aircraft, Rotary-Winged Aircraft, and UAV (Unmanned Aerial Vehicle). UAV is likely to remain the most attractive segment of the market in terms of both market dominance and growth over the next five years. The key factors driving the demand for airborne LiDAR system in UAV are an organic growth of UAVs coupled with rising usage of LiDAR on it and market entry of various companies in the UAV market. Major LiDAR manufacturers are developing LiDAR for small UAVs/drones targeting key market requirements including but not limited to lightweight, durability, and low-cost LiDAR.

Airborne LiDAR Market Segmentation: by Region
Based on the regions, the airborne LiDAR market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to remain the largest airborne LiDAR market during the forecast period of 2018 to 2023. The region is also likely to experience a healthy growth during the same period, owing to a higher usage of LiDAR in the UAVs. The USA is likely to remain the growth engine of the region’s market in the foreseeable future.

Europe is likely to remain the second largest market during the same period, driven by the presence of major players coupled with rising investment in the airborne LiDAR technology.

Asia-Pacific is another growth engine of the global airborne LiDAR market, driven by a rapid infrastructure development and an increasing demand for surveying and mapping services. The region’s growth is further augmented by an increasing development of UAVs in order to solidify their borders. China, South Korea, and India are the growth engines of the region’s demand for airborne LiDAR in the coming years.

Airborne LiDAR Market: Competitive Landscapes and Key Players
The airborne LiDAR system is one of the highly competitive markets in the A&D industry. Major players have been developing innovative products targeting various areas including precise and secure systems, in order to remain competitive in the market and quickly gain the market share of other players. Furthermore, both organic as well as inorganic growth strategies are being adopted by the major players to capture a large chunk of the market. The intensity of competition is likely to be further amplified owing to the market entry of small as well as big companies.

It is very important to keep developing new products targeting key industry requirements, offering competitive pricing, the formation of strategic alliances with key customers, and proximity of players to their customers to mutually develop products and address their emergent requirements to maintain the competitive edge in the market.

The supply chain of this market comprises component suppliers, LiDAR system assemblers, and OEMs. The key players in the airborne LiDAR market are Airborne Imaging, Saab AB, Teledyne Optech Incorporated., Leica Geosystems AG, Fugro, Velodyne LiDAR, and Merrick & Company.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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