USD 6.84 billion
Report ID:
SQMIG45I2182 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
94
|Figures:
76
Global Airborne LiDAR Market size was valued at USD 6.84 billion in 2022 and is poised to grow from USD 7.22 billion in 2023 to USD 11.09 billion by 2031, growing at a CAGR of 5.52% in the forecast period (2024-2031).
In recent years, the Airborne LiDAR world market has experienced considerable changes in demands caused by technological development, widening applications of the devices across industry branches, and rising requirements for 3D mapping and surveying systems.
Airborne LiDAR technology is used in many areas of practice such as the forestry industry, agricultural sector, civil planning, construction sector, and environmental monitoring, among others. Airborne LiDAR serves as a major driving force, ensuring that there is a high demand for quality and detailed spatial information data.
The market is driven by constant innovations in LiDAR sensors such as increased precision, longer range, and tighter point spacing. Combining LiDAR with other technologies including AI, ML increases data proficiency towards a wide spectrum of usage.
Nevertheless, though the market is developing, factors like high startup expenses and intricate data processing algorithms could slow down the adoption rates. They include the development of cheaper LiDARs and other novel fields like infrastructure inspection and urban planning towards the intelligent city.
Moreover, government initiatives on environmental surveillance, emergency response and road construction have also boosted this acceptance of airborne LiDAR.
Typically, LiDAR is employed in government-driven projects with regards terrain modeling, floodplain mapping, and surveillance of nature conservation.
Global Market Size
USD 6.84 billion
Largest Segment
Topographic LiDAR
Fastest Growth
Bathymetric LiDAR
Growth Rate
5.52% CAGR
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The global airborne LiDAR market is segmented into four major segments i.e. by type of system, platform type, component, and region. Based on type, it is divided into topographic LiDAR, bathymetric LiDAR, topobathymetric LiDAR, and others. Based on platform type, it is bifurcated as fixed-wing aircraft, rotary-wing aircraft, UAVs (Unmanned Aerial Vehicles), and ground-based. Based on components it is segregated into lasers, inertial navigation systems (INS), GPS/GNSS receivers, cameras, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Type
Topographic LiDAR has had a large market share due to its use in terrain mapping, surveys, and planning for infrastructural purposes. It has a high accuracy level because it can determine detailed elevation details which make it important in various areas such as urban planning, environment observation, and natural resources. There could be a growing demand for high-definition topographical information in applications such as smart city creation, precision agricultural methods, and construction of infrastructures; ultimately propelling the uptake of topographic LiDAR systems.
The fastest developing method of acquiring bathymetry data called bathymetric LiDAR is a must-have tool for underwater mapping, coastal zone management, and marine resources exploration. Such applications are essential for hydrography and coastal engineering. The increasing attention to the understanding and governance of coasts and sea may lead to increased requirements of bathymetric LiDAR. The drivers include climate change adaptation, resource exploration among others.
Analysis by Platform
Over the years, fixed-wing aircraft have been used extensively in large-scale mapping projects on a wide scale, thus dominating the global Airborne LiDAR. These machines have greater range and fly for long time spans allowing them to be used for tasks such as aeromagnetic surveying, topographic studies, and map production.
It is the fastest growing market segment because they provide high manoeuvrability and enable access to tricky terrain, which are suitable for detailed, closely defined mapping within confined or remote areas. Rotary-wing aircraft are very flexible and best fits in forestry, urban planning and relief missions after a disaster. Adoption increased in the above mentioned sectors can drive the growth of helicopter platforms.
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Airborne LiDAR technology is predominantly developed and used in North America. Major technology firms, world-leading research institutions and relevant government agencies are based in this region with a notable presence of research geared towards supporting LiDAR technology application. Continuous investment in infrastructure development, environmental monitoring and growing application of LiDAR in the agricultural and forestry sectors also have a great potential of increasing demand for airborne LiDAR in the region.
The economic growth in the Asia Pacific that has translated into more urbanization, infrastructure and also, agriculture related activities. Due to this, there remains a need for accuracy in geospatial data leading to the use of LiDAR technology. Emerging economies will continue investing in infrastructure development as well as smart city initiatives in the region thereby creating immense opportunities for fast growth in the airborne LiDAR market of Asia Pacific.
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Drivers
Increasing Demand for High-precision Geospatial Data
Restraints
High Initial Costs Associated with Deploying LiDAR Systems
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Airborne LiDAR market is highly competitive with various prominent participants fighting for a share in the market and technological leadership. Significant players in this field are established technology firms as well as emerging start-ups contributing towards development and diversifying of LiDAR applications. To stay ahead of established companies in the market, leading companies continuously innovate, develop products, participate in partnerships, etc. Airborne LiDAR systems are enhanced by significant investment in research and development to improve their capability levels and standards.
Top Player’s Company Profiles
Recent Developments
Rising Integration of LiDAR with Artificial Intelligence (AI) and Machine Learning (ML) Applications
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global airborne LiDAR market analysis reveals a dynamic marketplace with several standout trends and difficulties. This market is being driven by the upsurge of the need for high-precision geospatial data within different areas of business to use it for Urban planning and infrastructure construction. However, they entail higher initial costs and more complex data processing workflow present barriers to their widespread adoption. The study of product type shows that the topobathymetric LiDAR system provides a variety of functions allowing mapping of ground and seafloor simultaneously.
Technology developments and smart cities have driven market leadership in the region of North America. For these key trends, some issues include the incorporation of LiDAR with AI, moving towards more complex and sustainable methods to address ever-changing market needs.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.84 billion |
Market size value in 2031 | USD 11.09 billion |
Growth Rate | 5.52% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Airborne LiDAR Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Airborne LiDAR Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Airborne LiDAR Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Airborne LiDAR Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45I2182
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