Fior Markets launched a study titled “Global Airborne LiDAR Market by Solution (System, Services), Type (Topographic LiDAR, Bathymetric LiDAR), Platform (Fixed Wing Aircraft, Others), Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025”
The global Airborne LiDAR market is expected to grow from USD 1,014.6 Million in 2017 to USD 4,022.4 Million by 2025 at a CAGR of 18.8% during the forecast period from 2018-2025.A drop in the price-level of drones has also spurred the market. Also, better performance of LiDAR over conventional sensors and the rising demand for miniaturized micro-electro-mechanical systems (MEMS) sensors have also propelled the growth of the market.
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The systems segmentheld the largest market share of 63.10% in 2017
The solution segment is classified intosystem and services. The systems segment is dominating the Airborne LiDAR market in 2017. Owing to a high cost of laser sensor and control unit of LiDAR, the system segment is dominating the market.
Topographic LiDARsegmentvalued around USD 606.73 Million in 2017
Type segment is divided into segments such as topographic LiDAR and bathymetric LiDAR. The topographic LiDAR segment is dominating the market in 2017. Topographic LiDAR is basically used for applications, such as forestry, hydrology, geomorphology, urban planning, landscape ecology, coastal engineering, survey assessments, and volumetric calculations.
Fixed wing aircraft segment held the largest market share of 47.20% in 2017
Platform segment includes fixed wing aircraft, rotary wing aircraft and unmanned aerial vehicle (UAV). Fixed wing aircraft segment is dominating the market in 2017. It mainly covers fixed wing general aviation aircraft which are mainly used commercially to survey, photograph, film, and for freight transport, passengers, and sightseeing, as well as personal use.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa North America held the largest market share of approximately41.20% in 2017.The North America region is dominating the market due to the growing use of LiDAR in surveying and mapping applications. The USA is likely to remain the growth engine of the region’s market in the foreseeable future.
The major players ofmarketinclude Airborne LiDARmarket are Teledyne Technologies, Airborne Imaging, Saab Group, Faro Technologies, Inc., Leica Geosystems, RIEGL Laser Measurement Systems GmbH, Leica Geosystems,Leosphere SAS,Quanergy Systems, Inc.,Raymetrics S.A.Flir Systems, Inc., Firmatek, Merrick & Company, and Lasermap Inc. For instance, in February 2019, Blackmore, a US-based start-up that has developed a Doppler lidar system for guiding autonomous vehicles.