Airborne LiDAR Market Worth to Outgrow by USD 53.24 billion By 2027
Posted On August 05, 2021
According to the research report by Value Market Research, the Global Airborne LiDAR Market is likely to grow to USD 53.24 billion by 2027 with a CAGR of 16% during the year 2021-2027. The market is experiencing fast-paced growth on account of rising adoption of LiDAR across defense, agriculture, logistics and many more. The increasing use of UAVs is one of the major factors driving the market growth. Also, ongoing R&D activities to develop airborne LiDAR system with more accurate shoreline maps with digital elevation is likely to push the market growth in following years. However, lack of awareness among potential end-users is likely to restrain market growth.
Airborne LiDAR (Light Detection and Ranging) is a remote sensing method that uses air vehicle to stretch image of the earth and its characteristics that is used across various industries. It includes a laser scanner, inertial measurement unit and a specialized GPS system that is connected to the airplane, helicopter or UAV that provides accurate, precise, three-dimensional (3D) image of the terrain model.
"Global Airborne LiDAR Market Report By Type (Topographic And Bathymetric), By Solution Type (System And Service), By Application Type (Corridor Mapping, Seismology, Exploration & Detection And Others), By End-Use Industry (Aerospace & Defense, Civil Engineering, Forestry & Agriculture, Logistics & Transportation, Archeology, Mining And Others), By Platform Type (Fixed Wing Aircraft, Rotary Wing Aircraft, UAV And Satellite) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" is an elaborate report providing market data on the basis of segments and geography.
On the basis of product the market is segmented into Hardware, Software, Service. By type the airborne LiDAR market is categorised as Topographic LiDAR, Bathymetric LiDAR. By platform the airborne LiDAR market is categorised as Fixed Wing Aircraft, Rotary Wing Aircraft, UAVs. Based on application the airborne LiDAR market is segmented as Land Surveying, Power line inspection, Topographic and Bathymetric Surveys, Forestry and Precision Agriculture, Mining, Others. By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Airborne LiDAR is the dominating region. The data tables in this section depict the market estimate by market segment.
The Report Segments Global Airborne LiDAR Market -
- Topographic LiDAR
- Bathymetric LiDAR
- Fixed Wing Aircraft
- Rotary Wing Aircraft
- Land Surveying
- Power line inspection
- Topographic and bathymetric surveys
- Forestry and precision agriculture
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Teledyne Technologies Incorporated, Firmatek, Saab AB, MERRICK & COMPANY, Airborne Imaging, RIEGL Laser Measurement Systems GmbH, Leica Geosystems AG, FLIR® Systems, Inc., and FARO Technologies, Inc.
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