Multiple Factors Are Driving The Growth Of Airborne LiDARs

Stratview Research announces the launch of a new market research report on Airborne LiDAR Market by Type (Topographic, Bathymetric, and Topo-bathymetric), by Solution Type (System and Services), Service by Application Type (Corridor Mapping, Wide Area Mapping, Natural Resources, and Others), Service by End-Use Industry Type (Aerospace & Defense, Civil Engineering, Forestry & Agriculture, Transportation, Mining, and Others), by Platform Type (Fixed-Wing Aircraft, Rotary-Wing Aircraft, and UAV), and by Region (North America, Europe, Asia-Pacific, and Rest of the World): 2020-2025.  

This report, from Stratview Research, studies the airborne LiDAR market over the trend period of 2014 to 2019 and the forecast period of 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

LiDAR (Light Detection and Ranging) is a remote sensing method that uses light in the form of a pulsed laser to measure variable distances to the object located on the earth. The technology generates precise, three-dimensional information about the shape of an object and its characteristics in a cost-effective and opportune manner.  The technology offers a wide array of advantages over the conventional sensors including a precise 3D image. There is a growing interest among many economies across the globe to embark on the process of developing their cadastral systems. This is opening doors for extensive surveying requirements. Surveying technologies have undergone a remarkable transition over the past few decades, with airborne lidar among the most suitable technologies in the current scenario.

As per Stratview Research, the global airborne LiDAR market offers excellent growth opportunities in the entire ecosystem of the market and is estimated to grow at a double-digit rate over the next five years to reach $673.0 million in 2025. Multitude of factors are driving the growth of airborne LiDARs, few of which are noted below:

• Growing number of geospatial surveys
• Superior performance of LiDAR as compared to photogrammetry
• Increasing use of UAVs for aerial surveys
• Increasing spending of government on updating country/regional maps
• Advancements in technologies

At the system level, there are three iconic brands Leica (Hexagon), RIEGL, and Optech (Teledyne) which together hold a large share of the market. These three players have been driving the market at the global level and will continue to remain dominant in the foreseeable future.

Based on the LiDAR type, topographic segment is expected to remain the dominant segment of the market during the forecast period. Topographic LiDAR is majorly used for applications such as country and city mapping, urban planning, transportation, utilities, and forestry. Bathymetric LiDAR uses green wavelengths in contrast to the topographic lidar system, which uses infrared wavelength. Nautical charting, marine & coastal engineering, habitat mapping and coastal zone management are some of the key applications of bathymetric LiDAR.

(Source: StratView Research news release)

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