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Global Airborne LiDAR Market is Projected to Surpass $6,420 Million By 2026 include Key Players Saab AB, Leica Geosystems AG, Faro Technologies Inc, Leosphere SaS, 3D Laser Mapping Inc, Firmatek LLC, Quanergy Systems, Inc, and Raymetrics S.A

08-08-2019 09:31 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Accurize Market Research

Global Airborne LiDAR Market Report

Global Airborne LiDAR Market Report

Global Airborne LiDAR Market Report, published by Accurize Market Research, forecast that the global market is expected to surpass $6,420 Million by 2026, growing at a CAGR of 22% from 2019 to 2026. North America dominated the global LiDAR market in 2018 and anticipated to hold the major market share until 2026. In terms of growth, Asia-Pacific is anticipated to attain the fastest compound annual growth rate (CAGR) during 2019 – 2026.

Market Introduction and Current Trends

The LiDAR instrument is mounted on drones, helicopters, and others and emits up to 150,000 pulses of laser light per second, at a ground surface. The time taken for each pulse to be received back from the ground surface is measured by the sensors mounted on the instrument. The airborne LiDAR is increasingly used for generating Digital Terrain Model (DTM), Digital Elevation Model (DEM), and Digital Surface Model (DSM). The data generated through airborne LiDAR is reliable and precise hence, it has gained wide popularity in various industry verticals such as aerospace & defense, oil & gas, and transportation & logistics, among others.

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Market Dynamics

The major factors driving the global airborne LiDAR market are the need for the unmanned air vehicle, high precision of LiDAR-based monitoring, keep locations under surveillance from the sky mounting, and rising demand for 3D imagery in various application areas such as civil engineering, military & defense, geographical surveys, and corridor mapping. However, the lack of skilled personals and the high cost of the instrument may hinder the growth of the market. In the coming years, automation in LiDAR systems and improvement in efficiency will be fueling the market for airborne LiDAR. Additionally, the untapped market in emerging economies and the growing application would provide several growth opportunities in forecasted years.

Market Segmentation and Crisp Analysis

The global Airborne LiDAR market has been segmented into solution, industry vertical, platform, and type. The solution segment is sub-segmented into system component (hardware and software), industry services (defense & aerospace, forestry & agriculture, oil & gas, transportation & logistics, infrastructure, mining industry, and others). On the basis of platform, the segmentations are fixed wing aircraft (system, and services), rotary wing aircraft (system, and services), and UAVs (system, and services). Furthermore, type segment comprises airborne topographic LiDAR (system, and services), and airborne bathymetric LiDAR (system, and services). By industry vertical, the market is segmented into defense & aerospace, forestry & agriculture, oil & gas, infrastructure, transportation & logistics, mining industry, and others. By solution type, the systems segment dominates the market throughout 2026, owing to a high cost of laser sensor and control unit of LiDAR.

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Regional Segmentation and Crisp Analysis

The global Airborne LiDAR market has been segmented by geography into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated into the U.S., Canada, and Mexico whereas Europe segment consists of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while Rest of the World is bifurcated into South America, the Middle East, and Africa.

North America dominated the global LiDAR market accounting for the largest market share in 2018, and projected to continue its dominance during the forecast period 2019 – 2026. The growth will be attributed to higher usage of LiDAR in the UAVs. Europe generated the second highest market revenue in 2018, owing to rising investment in the airborne LiDAR technology and the presence of major players. In terms of growth, Asia-Pacific is expected to attain the fastest CAGR during the forecast period 2019-2026.

Manufacturers Competitive Analysis

The Airborne LiDAR market is moderately competitive as the market consists of several dominant players who are using economies of scale to gain competition in the market and increase their global market share. The top players operating in the market are frequently investing in research & development and are planning to increase their presence in the untapped emerging economies. Major companies operating in the global airborne lidar market are Saab AB, Leica Geosystems AG, Teledyne Technologies Incorporated, and FLIR Systems, Inc., Faro Technologies Inc., Leosphere SaS, 3D Laser Mapping Inc., Firmatek LLC, Quanergy Systems, Inc., and Raymetrics S.A., among others.

Scope of the Report

The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide a better understanding of the market competition.

Research Methodology

Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic across several industry verticals. AMR has developed advanced analyst tools and data models to enhance and augment the analysis process. Corresponding to markets, where there is momentous lack of information and estimates, AMR’s team of experts and analyst practice specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to inspect the prospects and opportunities existing in the market to achieve a specific forecast of the market.

The Key Opinion Leaders (KOLs) of the respective industry are interviewed and their insights are matched with our findings and database we have and thus we validate our estimates, forecast and provide you the analysis. We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Also, we have top five global knowledge partners such as Bloomberg, S&P Global, and Dow Jones, among others for ultimate data validation, prepared by our research team.

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Accurize Market Research
Address: Office No.306, Zen Business Center,
Wakad, Pune-411057
Tel: +1-339-368-6383
Email: help@accurizemarketresearch.com

Accurize Market Research, a research and consulting company providing syndicated as well as customized reports with precise analysis and future outlook. We work across several industries globally helping our customer plan their next strategic move. We at Accurize Market Research believe in customer satisfaction and suggest them take strategic decisions regarding the present and future endeavors.

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