The global Airborne
LiDAR Market is projected to grow at a CAGR of 17.32% from 2017 to
2022, to reach a market size of USD 2,533.7 million by 2022 from an estimated
USD 1,140.1 million in 2017. This growth is attributed to the increasing use of
unmanned aerial vehicles in various applications and increasing adoption of
LiDAR in engineering and construction applications.
On the basis of platform,
the airborne LiDAR market has been segmented into fixed wing, rotary wing, and
Unmanned Aerial Vehicles (UAVs). The fixed wing segment includes fixed wing
general aviation aircraft. In the general aviation industry, many light aircraft
are designed and built by amateur hobbyists and enthusiasts. The ones
manufactured by OEMs are mostly used commercially to survey, photograph, film,
and for freight transport, passengers, and sightseeing, as well as personal
use. The significant growth in general aviation worldwide and increasing
preference for cost-effective air travel for surveys and recreational
activities are the primary factors expected to support the growth of the light
aircraft market during the forecast period.
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Topographic
LiDAR is expected to be the largest segment for the airborne laser scanning
market, by type
The airborne LiDAR market
has been segmented on the basis of type into topographic LiDAR and bathymetric
LiDAR. The most common form of airborne laser scanning system is the
topographic airborne LiDAR, which operates on the time of flight principle by
sending a high intensity laser pulse in a narrow beam towards the object, and
measuring the time taken by the pulse to be reflected off the target and
returned to the sender. The growth of the topographic LiDAR segment can be
attributed to the rise in demand for enhanced situational awareness, and survey
activities such as seismology, cartography, and meteorology, among others.
North
America: The largest market for airborne LiDAR
North America is estimated
to account for the largest share of the airborne laser scanning market.
Countries considered for the market analysis in this region are the US and
Canada. The US is the leading market for Airborne LiDAR in North America. The
increasing use of LiDAR systems in mapping and surveying applications and an
increasing base of LiDAR services providers are driving the growth of the
airborne LiDAR market in the US. The major application areas of LiDAR sensors
in the US include industrial survey, military mapping, forest management, and
oceanographic surveys. In Canada, airborne LiDAR sensors are majorly used in
infrastructural development activities.
Leading players in the
airborne laser scanning market include Saab (Sweden), Teledyne Technologies
(US), Leica Geosystems (Switzerland), and FLIR Systems (US), among others.
Contracts & agreements was the strategy most commonly adopted by the top
players, constituting more than one third of the total developments from 2014
to 2017. It was followed by new product developments, expansions, and mergers
& acquisitions.
