Growth for Airborne LiDAR Market in U.S. Showing Extraordinary Hike during 2020-2030 | Top Winning Strategies by Faro Technologies Inc., Leosphere SaS, Leica Geosystems Inc., 3D Laser Mapping Inc., Firmatek LLC

The current business scenario in U.S. 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, Airborne LiDAR market in U.S. is anticipated to witness a high growth in next 5 to 6 years.

U.S. Airborne LiDAR Market Report, published by Allied Market Research, forecasts that the American market is expected to garner $135 million by 2022, registering a CAGR of 12.1%. U.S. represents more than 80% share of the overall aerial LiDAR system market in North America.

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Leading players consistently invest in R&D to develop enhanced products and solutions. In addition, strategic joint venture and acquisitions are other major strategies followed by prominent players to expand their market presence and gain a competitive edge in U.S. market. For instance, Faro Technologies owns a wide geographical presence and is active in product launches and acquisitions, whereas Teledyne Technologies is active in research collaborations along with product launches.

The major players profiled in this report include Faro Technologies Inc., Leosphere SaS, Leica Geosystems Inc. (Hexagon), 3D Laser Mapping Inc., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Teledyne Technologies, Quanergy Systems, Inc., Saab Group, and Raymetrics S.A. among others.

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 in U.S. 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. 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.

Key Benefits for U.S. Airborne Lidar Market:

o This report provides an in-depth analysis of the world U.S. airborne LiDAR market share along with current trends and future estimations to identify profitable investment opportunities

o Key drivers, opportunities, and restraints that shape the U.S. airborne LiDAR market along with their impact analysis are explained

o Porters Five Forces analysis highlights the potency of buyers and suppliers to facilitate better business decisions for stakeholders and strengthen their supplier and buyer networks

o Market estimation of geographical regions is based on the current market scenario and future trends

By components, the market is segmented into lasers, inertial navigation systems, cameras, GPS/GNSS receivers, and micro-electromechanical systems. Among these, lasers generated the maximum revenue in the year 2014. However, GPS/GNSS receiver is expected to witness the highest CAGR during the forecast period. The ability to operate in difficult environments highlights the need of these components in efficient LiDAR devices.

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Applications wise, corridor mapping accounted for the maximum revenue share in 2015. However, other types of applications, which include pollution modeling, coastline management, and meteorology, are expected to register highest CAGR of 13.3% during the forecast period. This growth is observed due to the improved capabilities of LiDAR systems to record and process the data points in a shorter time for pollution modelling, coastline management, and metrology applications in U.S.

Among the various industries, defense & aerospace contributed the highest revenue share, of the overall market revenue. This segment is expected to maintain its dominant position throughout the forecast period. However, forestry & agriculture sector is expected to be the most prominent industry in the U.S. airborne LiDAR, and is anticipated to witness a high CAGR of 13.5%, owing to increase in drone applications in precision agriculture for crop monitoring and analyzing.

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MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.2.3 Top winning strategies

3.3 Porters five force analysis

3.3.1 Moderate bargaining power of suppliers due to high demand, customized services, domestic players and low switching cost
3.3.2 Moderate bargaining power of buyer due to presence of viable substitute and limited quality product providers
3.3.3 Moderate threat of substitute due to cost-effective substitute and price insensitive buyers
3.3.4 Higher capital investments, presence of established players and government regulations have led to low threat of new entrants
3.3.5 Moderate industry rivalry due to presence of few dominant players, high exit barriers due to significant initial investment

3.4 Value chain analysis
3.5 Key market players positioning
3.6 Drivers

3.6.1 Expanding applications in defence and civil engineering
3.6.2 Falling price of drones
3.6.3 Increasing number of drones in U.S.
3.6.4 Rise in demand for 3D imaging

3.7 Restraint

3.7.1 Regulations by FAA (Federal Aviation Administration) for commercial usage of drones

3.8 Opportunities

3.8.1 Increasing demand in forestry and agriculture
3.8.2 A solution for degraded visual environment in military applications

U.S. Airborne LiDAR Market to Reach $135 Million, by 2022: https://www.whatech.com/market-research/military/644013-airborne-lidar-market-size-in-u-s-is-expected-to-garner-135-million-by-2022

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