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Airborne LiDAR Market To Reach US$ 1,412.32 Million by 2027 at 14.30% CAGR | Industry Size, Share And Forecast

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Airborne LiDAR Market To Reach US$ 1,412.32 Million by 2027 at 14.30% CAGR | Industry Size, Share And Forecast

September 29
18:10 2022
Airborne LiDAR Market To Reach US$ 1,412.32 Million by 2027 at 14.30% CAGR | Industry Size, Share And Forecast
The global airborne LiDAR market reached a value of US$ 612.5 Million in 2021 and is expected to reach US$ 1,412.32 Million by 2027, exhibiting a CAGR of 14.30% during 2022-2027.

The latest research study “Airborne LiDAR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global airborne LiDAR market reached a value of 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) represents an aerial mapping technology that aids in obtaining three-dimensional (3D) data about the surface of the earth. In line with this, it helps in mapping large areas affordably in a short time with precise measurement. Consequently, airborne LiDAR finds wide-ranging applications in electrical utility, vehicles, pipeline, mining and aggregate, wind and solar power systems, precision farming, urban planning, rail corridors, land and resource management, floodplain evaluation, volumetrics, 3D modeling, etc., across the countries.

Download free sample brochure: https://www.imarcgroup.com/airborne-lidar-market/requestsample

Covid-19 Impact:

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends and Drivers: 

The widespread adoption of this technology in forest management, pollution model and planning is primarily driving the airborne LiDAR market. Additionally, the growing utilization of unmanned aerial vehicles (UAVs) and 3D imaging in railway and highway construction is further catalyzing the market growth. Besides this, government bodies are extensively investing in airborne LiDAR to enhance the accuracy of operations and decrease the risks involved in the defense industry, which is acting as another significant growth-inducing factor. Moreover, the leading manufacturers are focusing on mergers and acquisitions (M&A), agreements, portfolio expansion, geographical development, and collaborations to increase their overall profitability. This, in turn, is positively influencing the global market. Furthermore, the escalating demand for miniaturized micro-electro-mechanical systems (MEMS) sensors in mobile phones, inkjet printers, computer disk drive heads, etc., is anticipated to fuel the airborne LiDAR market over the forecasted period.

Click here to view detailed information with table of content: https://www.imarcgroup.com/airborne-lidar-market

Airborne LiDAR Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 612.5 Million

Market forecast in 2027

US$ 1,412.32 Million

Growth Rate

CAGR of 14.30% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Global Airborne LiDAR Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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.
  • YellowScan.

Key Market Segmentation:

The report has segmented the market on the basis of region, type, component, platform, application and end user.

Breakup by Type:

  • Airborne Topographic LiDAR
  • Airborne Bathymetric LiDAR

Breakup by Component:

  • Lasers Scanners
  • Inertial Navigation Systems
  • Camera
  • GPS and GNSS Receivers
  • Micro-Electromechanical Systems

Breakup by Platform:

  • Fixed Wing Aircraft
  • Rotary Wing Aircraft
  • UAVs

Breakup by Application:

  • Corridor Mapping
  • Seismology
  • Exploration and Detection
  • Others

Breakup by End User:

  • Aerospace and Defense
  • Civil Engineering
  • Forestry and Agriculture
  • Transportation
  • Archaeology
  • Mining Industry

Breakup by Region:

  • 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

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5692&flag=C

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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