Airborne LiDAR Market – 2019 Size, Share, Growth and Development by Competitor Analysis Forecast Till 2023
Global Airborne LiDAR Market Report Information by Type (Topographic & Bathymetric), by Platform (Fixed Wing Aircraft, Rotary Wing Aircraft & Unmanned Aerial Vehicles), by Solution (System (Hardware & Software) & Services), & Region – Forecast Till 2023
Pune , India – February 26, 2019 /MarketersMedia/ —
Airborne LiDAR Market Scenario:
Airborne LiDAR market is expected to grow over the forecast period, owing to the automation in LiDAR systems, leading to the reduction in human efforts and improvement in efficiency. On the basis of platform, the airborne LiDAR market has been segmented into rotary wing, fixed wing, and unmanned aerial vehicles. The substantial growth in general aviation, globally, and increasing inclination for cost-effective air travel are the key factors estimated to witness the growth of the airborne LiDAR market during the forecast period.
The airborne LiDAR market has been segmented on the basis of type into topographic LiDAR and bathymetric LiDAR (bathy LiDAR). The most common used airborne LiDAR system is the topographic airborne LiDAR. It is operated, on the time-of-flight principle, by sending a high-intensity laser pulse in a narrow beam towards an 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.
Airborne LiDAR market is estimated to witness a CAGR of more than 19% during the forecast period from 2018 to 2023.
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There is a growing trend in the manner information collected by LiDAR systems is becoming available to a much larger user community through open sources and cloud services. Due to the easy access of information through open sources, there is a whole new set of challenges for the present companies, regarding the safeguarding of commercial feasibility of mapping projects.
North America is expected to account for the largest share of the airborne LiDAR market. The major leading countries in this region for airborne LiDAR market are the U.S. and Canada. The collective use of LiDAR systems in mapping and surveying applications, along with a rising base of LiDAR service providers are driving the growth of the airborne LiDAR market in the U.S. The major application areas of LiDAR sensors in the U.S. include industrial survey, military mapping, forest management, and oceanographic surveys. In Canada, airborne LiDAR sensors are majorly used in infrastructural improvement purposes.
The U.S. government is investing a large number of funds in airborne LiDAR for civil engineering and defense applications, to increase the accuracy of operations at a lesser time and decrease the risk factors involved. In the recent fiscal year budget, the U.S. military sector is anticipated to spend a huge amount on procuring unmanned aerial systems; this will lead to driving the growth of the airborne LiDAR market. Moreover, it has witnessed an increase in demand for military and civil infrastructure projects in the last few years. The usage of airborne LiDAR in all these projects and several government investments in various industries are expected to surge the growth of the global airborne LiDAR market.
Key Players:
The key players in the airborne LiDAR market are Saab AB (Sweden), Teledyne Technologies (U.S.), Leica Geosystems (Switzerland), FLIR Systems (U.S.), Faro Technologies Inc. (U.S.), Leosphere SAS (France), 3D Laser Mapping (England), Firmatek (U.S.), RIEGL Laser Measurement Systems GmbH (Northeast Africa), Quanergy Systems, Inc. (U.S.), and Raymetrics S.A. (Greece).
The report for Global Airborne LiDAR Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
LiDAR stands for Light Detection and Ranging. The LiDAR instrument is mounted on helicopters, drones and others. The LiDAR mounted on aircraft emits rapid pulses of laser light at a ground surface. LiDAR emits up to 150,000 pulses per second. A sensor on the instrument measures the time taken for each pulse to be received back from the ground surface. The airborne LiDAR systems emerged commercially in the mid-1990s, and provide explicit 3D laser profiling and scanning in contrast to the 2D planimetric remote sensing data. The 3D coordinates of (x, y, z) axis, describe the 3D topographic profile of the earth’s surface, vegetation area coverage, and human-made objects. The airborne LiDAR technique has been efficiently used for generating Digital Elevation Model (DEM), Digital Terrain Model (DTM), and Digital Surface Model (DSM).
LiDAR is viewed as a revolutionary technology for airborne mapping, as it cost-effectively delivers highly precise terrain data. Airborne LiDAR technology has now become a noble solution for geospatial data acquisition. The geospatial data development is the ability of airborne LiDAR to measure 3D structures, using active sensors technology system. The data acquired through airborne LiDAR is reliable and precise. As LiDAR prepares an overall 3D picture of the ground surface, these pictures are useful in different domains, such as the development of national guidelines and standards, oil & gas, aerospace & defense, mining industry, and transportation & logistics.
The growing demand for 3D imagery in various application areas, such as military & defense, civil engineering, geographical surveys, and corridor mapping, is expected to drive the LiDAR market in the upcoming years considerably. Textured 3D imagery is applied in various applications, such as 3D mapping, city planning, and photorealistic flyers.
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