A new report by Detroit’s Stratview Research estimates that the global airborne LiDAR market will grow at a double-digit rate over the next five years to reach $673 million in 2025.
Several factors are driving the growth of airborne LiDAR (light, detection, and ranging), according to the report, including a growing number of geospatial surveys, superior performance of LiDAR as compared to photogrammetry, the increasing use of UAVs (unmanned aerial vehicles, or drones) for aerial surveys, increased spending of governments to update country/regional maps, and advancements in technologies.
The report breaks the LiDAR market down by market type (topographic, bathymetric, and topo-bathymetric), by solution type (system and services), service application type (corridor mapping, wide area mapping, and natural resources), service by end-use industry type (aerospace and defense, civil engineering, forestry and agriculture, transportation, and mining), by platform type (fixed-wing aircraft, rotary-wing aircraft, and UAV), and by region (North America, Europe, Asia-Pacific, and rest of the world).
A detailed table of contents for the report is available by visiting here.
“Based on the LiDAR type, the topographic segment is expected to remain the dominant segment of the market during the forecast period,” the report reads. “Topographic LiDAR is used primarily for applications such as country and city mapping, urban planning, transportation, utilities, and forestry.”
North America is projected to remain the largest market during the forecast period, according to the report, whereas Asia-Pacific is expected to remain the fastest-growing market during the same period. Major government and private organizations of the U.S. conduct aerial surveys annually. United Nations Development Programme (UNDP), United States Geological Survey (USGS), American Electric Power (AEP), The U.S. Army Corps of Engineers (USACE), and National Oceanic and Atmospheric Administration (NOAA) are some of the major organizations in the U.S. that conduct aerial survey and mapping projects.
Some of the major players in the airborne LiDAR system market are Hexagon AB (Leica Geosystems), Riegl, Teledyne Technologies, Inc., Velodyne LiDAR, Flir Systems Inc., Pheonix Lidar Systems, and YellowScan. Major airborne LiDAR service providers include Quantum Spatial Inc., Fugro N.V., Woolpert Inc, Eurosense GmbH, Diobotics, Merrick and Co., AAM Pty. Ltd., COWI A/S, Bluesky, and DIELMO3D.
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