U.S. Airborne LiDAR Market Size, Share, Trend Rising Demand, Trends and Growing Industry 2023 to 2032

Aerial LiDAR system is a mapping technology that uses a laser beam to measure the distance from an aircraft to the earth's surface by utilizing onboard GPS and inertial measurement unit (IMU) sensors to determine the geospatial location of terrestrial objects and their features with high precision. In the U.S., aerial LiDAR systems are widely used in forestry management & planning, flood modeling, urban/city modeling, pollution modeling, coastline management, transport planning, and cellular network planning. A recent trend to collect higher point densities by flying lower and slower to collect multiple data sets is widely adopted in the industry. Scientists reported that by utilizing this method, the system is able to measure the ground with 5-20 or even up to 40 points per square meter.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

OTHER PLAYERS IN VALUE CHAIN, , FLIR Systems, Inc., EHang, Inc., 3D Robotics, Inc., Trimble Navigation, Merrick & Company, Surveying and Mapping, LLC, CyPhy Works Inc. This method is expected to provide accurate and precise mapping of the object and is widely employed for topographic surveys in the U.S. Accuracy of aerial LiDAR systems in the past few years has been enhanced due to the latest advancements in LiDAR sensors.

Rise in the adoption rate of aerial LiDAR technology in the U.S. was observed owing to the growth of defense & aerospace and technological advancements in forestry & agriculture applications. In airborne applications, LiDAR technology provides exceptional advantages over RADAR technology such as improved accuracy, real-time mapping ability, and better visualization, which collectively drive the LiDAR market across U.S. Moreover, traditional specifications of aerial LiDAR systems are able to measure only one pulse per square meter point density; however, advancement in the traditional aerial systems along with the multi-pulse technique in aerial LiDAR systems further supplements the growth of the market. However, various Federal Aviation Administration (FAA) regulations on drones restrain the growth of airborne LiDAR in the U.S.

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U.S. Military Expenditure Compared to Other Countries, 2014 (%)

Source: Center for Arms Control and Non-Proliferation

In the year 2014, U.S. accounted for approximately 87% of the global military spending in Americas. Of the total U.S. military spending, technological upgradation holds a major share, which includes implementation of airborne LiDAR-based technology.

The market is segmented on the basis of component, application, and end user. Based on component, the market is segmented into lasers, inertial navigation systems, cameras, GPS/GNSS receivers, and Microelectromechanical systems. Based on application, the market is divided into corridor mapping, seismology, exploration & detection, and others. The market by end user comprises defense & aerospace, civil engineering, archaeology, forestry & agriculture, mining industry and transportation.

POTENTIAL BENEFITS FOR STAKEHOLDERS:

This report provides an in-depth analysis of the world U.S. airborne LiDAR market along with current trends and future estimations to identify lucrative investment opportunities
Key drivers, opportunities, and restraints that shape the market along with their impact analysis are explained
Porter's Five Forces analysis highlights the potency of buyers and suppliers that participate in this market to facilitate better business decisions for stakeholders and strengthen their supplier and buyer networks
Market estimation of geographical regions is based on the current market scenario and future trends

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KEY PLAYERS

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
Raymetrics S.A.

U.S. AIRBORNE LiDAR SEGMENTATION

The market is segmented on the basis of component, application, and end user.

BY COMPONENT

Lasers
Inertial Navigation Systems
Cameras
GPS/GNSS Receivers
Microelectromechanical Systems

BY APPLICATION

Corridor Mapping
Seismology
Exploration & Detection
Others

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BY END USER

Defense & Aerospace
Civil Engineering
Archaeology
Forestry & Agriculture
Transportation and Logistics
Mining Industry

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