Global Airborne LiDAR Market size is projected to be valued $6,275 Million by 2025; with a CAGR of 22% from 2017 to 2025. LiDAR or Light Detection and Ranging, is a remote sensing technology used to measure various targets using light in the form of pulsed laser. It measures distance to a target by illuminating the target with pulsed laser light. A LiDAR can generate pulses of laser light to a surface and may go up to 150,000 pulses per second and airborne LiDAR instrument uses a laser scanner with up to 400,000 pulses of light per second. Airborne LiDAR has a number of applications such as coastal monitoring, mining and forestry.
The global airborne LiDAR market is mainly driven by rising demand for 3D imaging, rising use of UAVs in numerous Type industries, and reduction in price of drones. Moreover, enormous prospects in GIS applications are likely to provide several growth opportunities for the market in the forecast period. However, lack of skilled personals and high cost of the instrument may hinder the growth of the market.
Solution, platform, type, and geography are the bifurcations of the airborne LiDAR market. The solution segment is sub-segmented into system component (hardware and software), industry services (defense & aerospace, forestry & agriculture, oil & gas, transportation & logistics, infrastructure, mining industry, and others). On the basis of platform the segmentation is given as fixed wing aircraft (system, and services), rotary wing aircraft (system, and services), and UAVs (system, and services). Furthermore, type segment comprises airborne topographic LiDAR (system, and services), and airborne bathymetric LiDAR (system, and services).
On the basis of geography, global airborne LiDAR market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market include Saab AB, Leica Geosystems AG, Teledyne Technologies Incorporated, and FLIR Systems, Inc., Faro Technologies Inc., Leosphere SaS, 3D Laser Mapping Inc., Firmatek LLC, Quanergy Systems, Inc., and Raymetrics S.A., among others.
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Scope of the Global Airborne LiDAR Market