Airborne LiDAR Market 2021 Comprehensive Growth, Industry Size-Share, Trends, COVID-19 Impact Analysis, Key Players Strategies, Upcoming Demand, Business Opportunities, Revenue, Gross Margin and Forecast 2027

Aerial LiDAR system is a mapping technology that uses a laser beam to measure the distance from an aircraft to the earth’s surface by utilizing onboard GPS and inertial measurement unit (IMU) sensors to determine the geospatial location of terrestrial objects and their features with high precision.

In the U.S., aerial LiDAR systems are widely used in forestry management & planning, flood modeling, urban/city modeling, pollution modeling, coastline management, transport planning, and cellular network planning. A recent trend to collect higher point densities by flying lower and slower to collect multiple data sets is widely adopted in the industry.

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Scientists reported that by utilizing this method, the system is able to measure the ground with 5-20 or even up to 40 points per square meter. This method is expected to provide accurate and precise mapping of the object and is widely employed for topographic surveys in the U.S. Accuracy of aerial LiDAR systems in the past few years has been enhanced due to the latest advancements in LiDAR sensors.

Rise in the adoption rate of aerial LiDAR technology in the U.S. was observed owing to the growth of defense & aerospace and technological advancements in forestry & agriculture applications. In airborne applications, LiDAR technology provides exceptional advantages over RADAR technology such as improved accuracy, real-time mapping ability, and better visualization, which collectively drive the LiDAR market across U.S.

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Moreover, traditional specifications of aerial LiDAR systems are able to measure only one pulse per square meter point density; however, advancement in the traditional aerial systems along with the multi-pulse technique in aerial LiDAR systems further supplements the growth of the market. However, various Federal Aviation Administration (FAA) regulations on drones restrain the growth of airborne LiDAR in the U.S.

U.S. Military Expenditure Compared to Other Countries, 2014 (%)

Source: Center for Arms Control and Non-Proliferation

In the year 2014, U.S. accounted for approximately 87% of the global military spending in Americas. Of the total U.S. military spending, technological upgradation holds a major share, which includes implementation of airborne LiDAR-based technology.

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The market is segmented on the basis of component, application, and end user. Based on component, the market is segmented into lasers, inertial navigation systems, cameras, GPS/GNSS receivers, and Microelectromechanical systems. Based on application, the market is divided into corridor mapping, seismology, exploration & detection, and others. The market by end user comprises defense & aerospace, civil engineering, archaeology, forestry & agriculture, mining industry and transportation.

Key players operating in this market are Faro Technologies Inc., Leosphere SaS, Leica Geosystems Inc. (Hexagon), 3D Laser Mapping Inc., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Teledyne Technologies, Quanergy Systems, Inc., Saab Group and Raymetrics S.A. among others.

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POTENTIAL BENEFITS FOR STAKEHOLDERS:

This report provides an in-depth analysis of the world U.S. airborne LiDAR market along with current trends and future estimations to identify lucrative investment opportunities
Key drivers, opportunities, and restraints that shape the market along with their impact analysis are explained
Porter’s Five Forces analysis highlights the potency of buyers and suppliers that participate in this market to facilitate better business decisions for stakeholders and strengthen their supplier and buyer networks
Market estimation of geographical regions is based on the current market scenario and future trends

According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.

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This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).

U.S. AIRBORNE LiDAR SEGMENTATION

The market is segmented on the basis of component, application, and end user.

BY COMPONENT

Lasers
Inertial Navigation Systems
Cameras
GPS/GNSS Receivers
Microelectromechanical Systems

BY APPLICATION

Corridor Mapping
Seismology
Exploration & Detection
Others

BY END USER

Defense & Aerospace
Civil Engineering
Archaeology
Forestry & Agriculture
Transportation and Logistics
Mining Industry

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The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.

During the forecast period, the report analyzes the growth rate, market size, and market valuation.

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This market report shows the projected market size for the Multi-Cloud Management Market at the end of the forecast period. The report also examines the historical and current market sizes.

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