Press release
Airborne LiDAR Market Growth Map Shows Alarming Rate of 16.4% upto 2025 | Industry will Reflect Huge Expansion by Revenue
The current business scenario has witnessed an upsurge in the adoption of airborne LiDAR owing to low cost, drone-based imaging. Further, innovations in the laser technology help to bring price corrections in different airborne LiDAR products. Various government agencies and commercial users are on a constant lookout for ways to replace traditional aerial photography methods with drones, due to high-resolution images at a low cost. With the collective effect of these factors and extensive R&D, the global airborne LiDAR market is anticipated to witness growth in next few years.A new report published by Allied Market Research, titled,"Airborne LiDAR Market by Component, Application and End User: Global Opportunity Analysis and Industry Forecast, 2017 - 2025,"the global airborne LiDAR market was valued at $316.2 million in 2017 and is projected to reach $1010.5 million by 2025, growing at a CAGR of 16.4% from 2018 to 2025.
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The major players profiled in this report include Teledyne Technologies, Saab Group, Airborne Imaging, Leica Geosystems, Faro Technologies, Inc., Flir Systems, Inc., RIEGL Laser Measurement Systems GmbH, Merrick & C
COMPANY PROFILES
Company overview
Company snapshot
Operating business segments
Product portfolio
Business performance
Key strategic moves and developments
Advancements in laser technology and aerial vehicles have reduced the cost of airborne LiDAR systems. Furthermore, increase in airborne LiDAR applications in various industries, apart from conventional military applications, has accelerated the demand for airborne LiDAR globally. Moreover, reduction in price of drones, expansion of applications in defense & civil engineering, and rise in demand for 3D imaging are projected to supplement the market growth.
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MARKET OVERVIEW
Market definition and scope
Key findings
Top impacting factors
Top investment pockets
Top winning strategies
Porter's five forces analysis
Market share analysis (2017)
Market dynamics
Drivers
Expanding applications in Aerospace & Defense
Falling prices of drones
Rise in demand for 3D imaging
Restraint
Regulations by FAA (Federal Aviation Administration) for commercial usage of drones
Opportunities
Increasing demand in forestry and agriculture
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Fueled by the high demand for accurate and high-resolution 3D images of the tracked object, these aerial vehicles are most widely used in defense & aerospace, civil engineering, forestry & agriculture, transportation & logistics among other domains.
Among the various industries, the defense & aerospace segment contributed the highest revenue share, of the overall market revenue. This segment is expected to maintain its dominant position throughout the forecast period. However, the mining industry sector is expected grow at the highest rate during the forecast period.
AIRBORNE LIDAR MARKET, BY END-USER
Overview
Aerospace & Defense
Key market trends, growth factors and opportunities
Market size and forecast, by region
Market analysis by country
Civil Engineering
Key market trends, growth factors and opportunities
Market size and forecast, by region
Market analysis by country
Forestry & Agriculture
Key market trends, growth factors and opportunities
Market size and forecast, by region
Market analysis by country
Transportation
Key market trends, growth factors and opportunities
Market size and forecast, by region
Market analysis by country
Archaeology
Key market trends, growth factors and opportunities
Market size and forecast, by region
Market analysis by country
Mining Industry
Key market trends, growth factors and opportunities
Market size and forecast, by region
Market analysis by country
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Related Report:
U.S. Airborne LiDAR Market: https://www.alliedmarketresearch.com/US-airborne-lidar-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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