What is the global market size of Airborne LiDAR Market?

Global Airborne LiDAR Market size was valued at USD 5.83 billion in 2021 and is poised to grow from USD 6.84 billion in 2022 to USD 24.57 billion by 2030, growing at a CAGR of 5.52% in the forecast period (2023-2030).

Airborne LiDAR Market Size, Share, Growth Analysis, By Type(Topographic LiDAR, Bathymetric LiDAR, Topobathymetric LiDAR, and Others), By Platform(Fixed-wing Aircraft, Rotary-wing Aircraft, UAVs (Unmanned Aerial Vehicles), and Ground-based), By Component(Lasers, Inertial Navigation Systems (INS), GPS/GNSS Receivers, Cameras), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45I2182 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 94 | Figures: 76

Airborne LiDAR Market Regional Insights

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.

Airborne LiDAR Market Report Snapshots

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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).

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. 'Teledyne Technologies', 'Leica Geosystems (Hexagon AB)', 'Trimble Inc.', 'Fugro', 'IGI Systems', 'FARO Technologies Inc.', 'Riegl Laser Measurement Systems GmbH', 'SICK AG', 'YellowScan', 'Quantum Spatial', 'GeoDigital International Inc.', 'Optech International Inc.', 'Velodyne LiDAR Inc.', 'GeoEye', 'Vertex Aerospace', 'Airborne Imaging LLC', 'C&J Aerial Photography', 'Woolpert', 'Merrick & Company', 'Photomapping Services Pty Ltd.'

Rise in demand for highly accurate geospatial information especially for use in urban planning, construction of infrastructure and the environment. With highly precise three-dimensional mapping and geospatial capabilities, this technology is essential for everything from forestry management to geology. The technological advancement of the capacity of light detection and ranging (LiDAR) sensors, for instance, the enhancement of data accuracy, expansion of range and a higher point density, results in an increased range of application

The growing convergence between LiDAR systems with AI/ML techniques and associated applications. This improves data processing capabilities leading to easier and automated information extractions from the LiDAR-developed datasets. In addition, there is a transition towards small-sized and lighter designs of LiDAR sensors, integrating them onboard UAVs for better mobility as well as accessibility in varied settings. Recent trends in the use of air-borne LiDAR technology in environmental programs and climate change initiatives. Lista de 3. Airborne LiDAR contributes immensely to tracking environmental degradation through deforestation, documenting biota diversity, and assisting in the planning of climate change resilience strategies among many other uses.

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Airborne LiDAR Market Regional Insights

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