According to the latest report by IMARC Group, title “Airborne LiDAR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global airborne LiDAR market size reached US$ 612.5 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,412.32 Million by 2027, exhibiting a CAGR of 14.30% during 2022-2027.
Airborne light detection and ranging (LiDAR) refers to an aerial mapping technology that is used to obtain three-dimensional (3D) data about the earth’s surface. The systems are generally installed on a helicopter or drone for scanning swathes of land and collecting geospatial data effectively. It helps in the efficient and affordable mapping of large areas with accurate measurement. As a result, airborne LiDAR finds extensive applications in the wind and solar power systems, precision farming, urban planning, rail corridors, land and resource management, 3D modeling, volumetrics, vehicles, electrical utility, pipeline, mining and aggregate, and floodplain evaluation across the globe.
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Airborne LiDAR Market Trends:
The global airborne LiDAR market is primarily driven by the rising product use in forest management and planning. Moreover, there has been a rise in government investments in airborne LiDAR to improve operational efficiency and reduce the risks in the defense industry. In line with this, the increasing applications of airborne LiDAR in flood, urban, and pollution modeling are positively influencing market growth.
In addition, there is a rise in higher point density collection by flying lower and slower to collect multiple data. Along with this, the rising applications of airborne LiDAR for topographic surveys have catalyzed market growth. Besides this, the growing demand for miniaturized micro-electro-mechanical systems (MEMS) sensors in mobile phones, computer disk drive heads, and inkjet printers has augmented the product adoption rate.
Furthermore, the increasing use of unmanned aerial vehicles (UAVs) and 3D imaging in railway and highway construction is contributing to the market growth. Other factors, including the escalating demand for terrain mapping, increasing usage of airborne lidars in construction projects, and rising mergers and acquisitions (M&As) among key players, are also anticipated to drive the market further.
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Airborne Topographic LiDAR
- Airborne Bathymetric LiDAR
Breakup by Component:
- Lasers Scanners
- Inertial Navigation Systems
- GPS and GNSS Receivers
- Micro-Electromechanical Systems
Breakup by Platform:
- Fixed Wing Aircraft
- Rotary Wing Aircraft
Breakup by Application:
- Corridor Mapping
- Exploration and Detection
Breakup by End User:
- Aerospace and Defense
- Civil Engineering
- Forestry and Agriculture
- Mining Industry
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are AAM a Woolpert company, Airborne Imaging Inc, Firmatek, Fugro, Leica Geosystems AG (Hexagon AB), Merrick & Company, Phoenix LiDAR Systems, RIEGL Laser Measurement Systems GmbH, Surveying and Mapping LLC, Teledyne Technologies Incorporated, Trimble Inc., Velodyne Lidar Inc. and YellowScan.
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