Global Airborne LiDAR Market Overview
Airborne LiDAR (light detection and ranging) has emerged as a standard with promising potential to assist in mapping, assessment, and monitoring. It can be rapidly surveyed for long cliff lengths and provides coverage on the clifftop and beach at the cliff base. It is a remote sensing method that includes a laser scanner, inertial measurement unit, and a specialized GPS connected to the airplane, helicopter, or UAV that provides an accurate, precise, three-dimensional (3D) image of the terrain model. Growing security requirements, demand for advanced surveillance technology, increasing investment by the defense, and expanding drone and UAVs application across different sectors drive the airborne LiDAR market.
Increasing adoption of LiDAR in engineering & construction applications and increasing use of unmanned aerial vehicles in various applications are two major industry trends influencing volume calls for airborne LiDAR. The market is experiencing fast-paced growth on account of the rising adoption of LiDAR for drones or UAVs. Airborne LiDAR scanners are used to create a digital terrain model (DTM) or digital elevation model (DEM). Data can be gathered using a drone, airplane, or helicopter, depending on the size of the surveyed area. A traditional way can usually acquire swaths of 3-4 kilometers in width in a single flyover. Drones are cheaper, safer, and faster for small terrain surveys. Drone technology is improving rapidly and offers suitable alternatives for traditional airborne LiDAR surveys using airplanes or helicopters.
According to Value Market Research, the global Airborne LiDAR market size was valued at about USD 18.84 billion in 2020 and is estimated to grow at a CAGR of around 16 % during the forecast period 2021 to 2027.
Also, ongoing R&D activities to develop airborne LiDAR systems with more accurate shoreline maps with digital elevation are likely to open new market opportunities. Continuous technological advancement and significant cost reductions have enabled the acquisition of airborne LiDAR worldwide. These developments have triggered an explosion of interest in LIDAR technology. Current advancement trends include a steady increase in the measurement rate, the spread of multispectral and topo-bathymetric laser scanners, achievements in full-waveform processing, the introduction of single-photon sensitive airborne sensors, and the advent of integrated active and passive systems. The market is also experiencing a miniaturization trend to enable the application of Lidar on unmanned aerial vehicles (UAV). However, lack of awareness among potential end-users and technical issues in collecting, transmission, and resolution management of real-time data is likely to restrain the market growth.
Global airborne LiDAR market is consolidated. 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 are key player operating in the market. In October 2019, Riegl launched lightweight airborne lidar for UAVs. The Riegl miniVUX-2UAV is a lightweight airborne laser scanner explicitly designed to integrate unmanned aerial vehicles and systems.
In this research report, the airborne LiDAR market is segmented by product, application, platform, type, and region.
Analysis, By Product
By product, global airborne LiDAR market is segmented into hardware, software, and service. The hardware segment led the global market in 2020 and will remain dominant by the end of the forecast due to the high cost of components and basic parts of the system. The software segment is anticipated to gain traction with ongoing technological advancement in the design of airborne LiDAR. Spurring demand for drones for various purposes using airborne LiDAR is estimated to drive innovation in the software segment. Increasing ease of use, guaranteeing data accuracy and bringing new levels of efficiency, smooth data transfer to numerous third-party post-processing packages, and cost savings are elements boosting airborne LiDAR market.
Analysis, By Application
By application, the global airborne LiDAR market is segmented into land surveying, power line inspection, topographic and bathymetric surveys, forestry and precision agriculture, mining, and others. Land surveying accounted for a major share in the global airborne LiDAR market. Airborne LiDAR will continue to be needed for land surveying to certify boundary lines, work on resource extraction projects, and review sites for construction. Other segments are also projected to swell with the rising adoption of advanced technology for mapping and surveying.
Analysis, By Platform
By platform, the global airborne LiDAR market is segmented into fixed-wing aircraft, rotary-wing aircraft, and UAVs. UAVs platform segment is forecasted to thrive at an exponential rate in coming years. UAV's enhanced capabilities have grabbed the attention of all sectors. Surveillance forces are currently using compact drones on a routine basis. End users are replacing their costly traditional techniques with low-cost and quick UAVs. The use of UAV is rapidly expanding in numerous applications in scientific, commercial, security, and other civil services.
Analysis, By Type
By type, the global LiDAR airborne market is segmented into topographic and bathymetric. Topographic airborne LiDAR uses a near-infrared laser for land mapping, while bathymetric LiDAR uses water-penetrating green light to measure seafloor and riverbed elevations. The topographic LiDAR segment held a majority share in the global market. Topographic LiDAR is estimated to grow with expanding mapping and monitoring such as forestry, coastal engineering, survey assessments, geomorphology, urban planning, landscape ecology, and volumetric calculations.
Analysis, By Region
Based on region, the global LiDAR airborne market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is a major contributor to the overall global LiDAR airborne market, while Asia Pacific is foreseen to expand at the highest CAGR during the forecast period. Asia Pacific is thriving attributed to the increased focus on agricultural management, increase in surveying and mapping operations due to the rising infrastructural development, and rise in mining activities in the region. The growing adoption of advanced technologies across the region and growing awareness about the advantages of new technologies also supports regional growth.
Market Segmentation covered in the Report:
- 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
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