Airborne LiDAR (Light Detection and Ranging) Market Size by Component, Application, End User, Region – Revenue Pool Analysis, Margin Structure Assessment, Capital Flow Trends, Competitive Benchmarking & Forecast to 2030
Overview
Airborne LiDAR (Light Detection and Ranging) Market was valued US$ 683.33 Mn in 2023 and is expected to reach US$ 1952.34 Mn by 2030 at a CAGR of 16.18% during the forecast period.
Airborne LiDAR (Light Detection and Ranging) Market Dynamics:
The global airborne LiDAR Market is driven by factors like rising adoption of LiDAR across defense, agriculture, logistics and many more. The increasing use of UAVs is one of the major factors driving the market growth. Also, ongoing R&D activities to develop airborne LiDAR system with more accurate shoreline maps with digital elevation is likely to push the market growth in following years. However, lack of awareness between potential end-users is likely to restrain market growth.
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From end users’ segment, the transportation & logistics segment is expected to be the fastest-growing segment. Highway and railway authority’s usage aerial mapping services provided by different service providers in the airborne laser scanning market. The rise in transportation and logistics activities is fueling the growth of the airborne LiDAR service end user’s market.
Asia Pacific is estimated to be the fastest growing market for airborne LiDAR during forecast period. The growth of this market can be attributed to the increase in surveying and mapping operations because of the rising infrastructural development, increased focus on agricultural management, and rise in mining activities in the region. China, India, and Japan are the key players of airborne LiDAR markets in this region. China is the largest airborne LiDAR market in Asia Pacific, because of the rise in surveying and mapping activities in the country. In India, the commercial and government sectors are landing airborne LiDAR for mapping applications, which is fueling the demand for airborne LiDAR in the country.
North America is expected to account for major share of the airborne LiDAR market during forecast period. The major primary countries in this region for airborne LiDAR market are the U.S. and Canada. The collective use of LiDAR systems in mapping and surveying applications, along with a rising base of LiDAR service providers are driving the growth of the airborne LiDAR market in the U.S. The major application areas of LiDAR sensors in the U.S. include industrial survey, military mapping, forest management, and oceanographic surveys. In Canada, airborne LiDAR sensors are used in infrastructural improvement purposes.
Complete analysis of market dynamics including factors and opportunities will be provided in the report. Comprehensive regional analysis of Global Airborne LiDAR Market has been included in the report. Profile of the key players in the Global Airborne LiDAR Market provided, which include key financials, product & services, new developments and business strategies.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, power rate, application and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Airborne LiDAR market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment
Airborne LiDAR (Light Detection and Ranging) Market Key Highlights:
• Global market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the global market
• Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.
The report has considered the base year of 2023 and past four years trend. 2023 figures are at actuals, however due to different dynamics of year 2023, market forecast is not only dependent upon 2023, but on the basis of 2018-2023.
Airborne LiDAR (Light Detection and Ranging) Market Scope: Inquire before buying
| Airborne LiDAR (Light Detection and Ranging) Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 683.33 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 16.18% | Market Size in 2030: | US $ 1952.34 Mn. |
| Segments Covered: | by Component | Lasers Inertial Navigation Systems Cameras GPS/GNSS Receivers Micro-electromechanical Systems |
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| by Application | Corridor Mapping Seismology Exploration & Detection Others |
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| by End User | Aerospace & Defense Civil Engineering, Archaeology Forestry & Agriculture Mining Industry Transportation & Logistics |
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Airborne LiDAR (Light Detection and Ranging) Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Airborne LiDAR (Light Detection and Ranging) Market Key Players are:
1. Teledyne Technologies
2. Saab Group
3. Airborne Imaging
4. Leica Geosystems
5. Faro Technologies, Inc.,
6. Flir Systems Inc.,
7. RIEGL Laser Measurement Systems GmbH
8. Merrick & Company
9. Firmatek
10. Lasermap Inc.
11. Dibotics
12. Fugro
13. IGI
14. VelodyneLidar
15. XactSense
16. Quantum Spatial
17. EUROSENSE GmbH
18. COWI A/S
Frequently Asked Questions:
1. Which region has the largest share in Global Airborne LiDAR (Light Detection and Ranging) Market?
Ans: Asia Pacific region held the highest share in 2023.
2. What is the growth rate of Global Airborne LiDAR (Light Detection and Ranging) Market?
Ans: The Global Airborne LiDAR (Light Detection and Ranging) Market is growing at a CAGR of 16.18% during forecasting period 2024-2030.
3. What is scope of the Global Airborne LiDAR (Light Detection and Ranging) Market report?
Ans: Global Airborne LiDAR (Light Detection and Ranging) Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Airborne LiDAR (Light Detection and Ranging) Market?
Ans: The important key players in the Global Airborne LiDAR (Light Detection and Ranging) Market are – Teledyne Technologies, Saab Group, Airborne Imaging, Leica Geosystems, Faro Technologies, Inc.,, Flir Systems Inc.,, RIEGL Laser Measurement Systems GmbH, Merrick & Company, Firmatek, Lasermap Inc., Dibotics, Fugro, IGI, VelodyneLidar, XactSense, Quantum Spatial, EUROSENSE GmbH, and COWI A/S
5. What is the study period of this Market?
Ans: The Global Airborne LiDAR (Light Detection and Ranging) Market is studied from 2023 to 2030.