Airborne LiDAR Market Key Trends and Opportunity Analysis up to 2027
The global Airborne LiDAR Market is forecasted to be worth USD 1,291.2 Million by 2027, according to a current analysis by Emergen Research. Due to the increasing demand for remote scouting and geo exploration operations, the airborne LiDAR market is expected to grow significantly over the forecast timeframe. In different fields, such as geographic measurements and corridor mapping, the growing demand for 3D imaging is expected to further fuel market growth.
Factors influencing the growth of the Airborne LiDAR market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Airborne LiDAR market. The report discusses in detail the positive and negative impact of the pandemic on the Airborne LiDAR industry. The supply chain disruptions and economic volatility have altered the dynamics of the Airborne LiDAR industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Key Highlights From The Report
- In March 2019, FLIR Systems, Inc. acquired Endeavor Robotic Holdings, Inc. With the incorporation of Endeavor, FLIR became the largest supplier of unmanned aerial (UAVs) and terrain applications to meet the needs of warfighters, as well as public security.
- Due to the advantages of high frequency, improved monitoring coupled with low power laser, better resolution, cost-effective data management, and improved laser integration (Neat-infra-red), the topographic segment is anticipated to dominate the market with a CAGR of 16.6% during the forecast period.
- In the forecast timeframe, the fixed-wing aircraft are accounted for the largest market. Fixed-wing aircraft include non-moving wings that are controlled by a propeller or piston. This is quite frequently used for extended travel times.
The Airborne LiDAR research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
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The key companies studied in the Airborne LiDAR report are:
Leica Geosystems, Saab AB, FLIR Systems, Inc., Teledyne Technologies International Corp, Faro Technologies, Inc., Lasermap Inc., Merrick & Company, Inc., Xactsense Inc., RIEGL Laser Measurement Systems GmbH, and Firmatek, L.L.C. among others.
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Emergen Research has segmented the global Airborne LiDAR Market on the basis of type, platform, component, application, end-use, and region:
- Type Outlook (Revenue, USD Million; 2017-2027)
- Platform Outlook (Revenue, USD Million; 2017-2027)
- Fixed Wing Aircraft
- Rotary Wing Aircraft
- Component Outlook (Revenue, USD Million; 2017-2027)
- Micro-electromechanical Systems
- Inertial Navigation Systems
- Application Outlook (Revenue, USD Million; 2017-2027)
- Exploration & Detection
- Corridor Mapping
- End-Use Outlook (Revenue, USD Million; 2017-2027)
- Aerospace & Defense
- Transportation & Logistics
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Airborne LiDAR market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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