Global Airborne LiDAR Marketis expected to grow at a CAGR of 18.8% during the forecast period from 2019-2025

As per the report published by Fior Markets, the global Airborne LiDAR market is expected to grow from USD 1,014.6 Million in 2017 to USD 4,022.4 Million by 2025 at a CAGR of 18.8% during the forecast period from 2018-2025.TheNorth America region is dominating the market due to the growing use of LiDAR in surveying and mapping applications. The USA is likely to remain the growth engine of the region's market in the foreseeable future.

Global Airborne LiDARMarket by Solution (System, Services), Type (Topographic LiDAR,Bathymetric LiDAR), Platform (Fixed Wing Aircraft, Others), Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Leading companies in the industry include Teledyne Technologies, Airborne Imaging, Saab Group, Faro Technologies, Inc., LeicaGeosystemsamong otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in October 2017, AT&S expanded its technical competence by investing around USD 46.8 Million to produce high-frequency PCBs for autonomous driving Platform s at the existing sites in India and Austria.For instance, in February 2019, Blackmore, a US-based start-up that has developed a Doppler lidar system for guiding autonomous vehicles.

The solution segment is classified intosystem and services The systems segment is dominating the Airborne LiDAR market with USD 640.21 Million in 2017. Owing to a high cost of laser sensor and control unit of LiDAR, the system segment is dominating the market.Type segment is divided into segments such as topographic LiDAR and bathymetric LiDAR. The topographic LiDAR segment is dominating the market with the highest share of 59.8% in 2017. Topographic LiDAR is basically used for applications, such as forestry, hydrology, geomorphology, urban planning, landscape ecology, coastal engineering, survey assessments, and volumetric calculations. Platform segment includes fixed wing aircraft, rotary wing aircraft and unmanned aerial vehicle (UAV). Fixed wing aircraft segment is dominating the market and valued around USD 478.89 Million in 2017. It mainly covers fixed wing general aviation aircraft which are mainly used commercially to survey, photograph, film, and for freight transport, passengers, and sightseeing, as well as personal use.

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Growing demand for miniaturized micro-electro-mechanical systems (MEMS) sensors is the major factor driving the market growth. Rising use of 3D imaging and UAVs in various industries has also propelled the growth of the market. Also, a drop in the price-level of drones and better performance of LiDAR over conventional sensorshas also spurred the market demand.But unskilled personals and high cost of the instrument may obstruct the growth of the market. However, growth prospects in GIS applications are too wide which are expected to drive the industry growth in coming years.

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